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Leasing a car is much like leasing an apartment or home. Usually the user is under contract and pays monthly payments. Although they do not actually own the property, they own rights to the property for a specified amount of time. Leasing a car can be likened to renting a car for a long period of time. This may be an attractive option for people who trade-in to buy new cars often.
What else can I help you with?
What would be good collateral for a lease agreement?
A good collateral for a lease agreement would be a tangible property, such as a house, motor vehicle, financial collateral as well as intellectual security.
What is the policy on lease mileage overage forgiveness for this vehicle?
The policy on lease mileage overage forgiveness for this vehicle is not available.
Can you break a lease on a new vehicle if the vehicle has not yet been delivered to you?
What are the terms of the lease? Does the lease indicate anything about delivery date? Were they required under the lease to deliver by a certain day? If so, and the day has passed, perhaps they have broken the lease.
Do you still make lease payments although the lease vehicle was totaled?
I was sued by my lease company eventhough my vehicle was totaled for not paying. I'm no expert but if I were you then I would because they have no hearts.
If you buy out a lease, do you have to pay for any excess mileage on the vehicle?
Yes, if you buy out a lease, you may have to pay for any excess mileage on the vehicle as outlined in the terms of the lease agreement.
What happens if you default on a vehicle lease agreement?
What typically happens is that the party financing the lease will repossess the vehicle. The vehicle will typically be sold and the party financing the lease will attempt to collect the balance remaining under the lease either through a collection agency or through formal legal action.
If I buy out my lease, will I be required to pay for any excess mileage on the vehicle?
Yes, if you buy out your lease, you may be required to pay for any excess mileage on the vehicle as outlined in your lease agreement.
Which type of lease do most consumers sign when buying a vehicle?
A+ Close-ended lease
Is a Plane a motor vehicle?
No.plane is not a motor vehicle.
Can a person cancel an auto insurance policy if the car is only a lease?
As long as you have another policy in place. When you signed your lease you garanteed that the vehicle would be insurred. Uninsuring the vehicle would be in violation of the lease.
Is an airplane a motor or a vehicle?
An airplane is a VEHICLE. It's power is provided by a MOTOR.
If I buy my lease, will I be required to pay for any excess mileage on the vehicle?
Yes, if you buy your lease, you will not be required to pay for any excess mileage on the vehicle.
