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Is a leased vehicle considered an asset?
Yes, a leased vehicle is considered an asset because it has value and can be used to generate future economic benefits.
What is the process for turning in a leased car that is under mileage?
To turn in a leased car that is under mileage, you typically need to schedule an inspection with the leasing company. They will assess the condition of the car and verify the mileage. If everything checks out, you can return the car and potentially avoid any excess mileage fees.
Is it possible for me to sell my leased vehicle before the end of the lease term?
Yes, it is possible to sell a leased vehicle before the end of the lease term, but there are some factors to consider such as the buyout amount, early termination fees, and the agreement with the leasing company.
What is the Capitalized Cost in a lease agreement?
The Capitalized Cost in a lease agreement is the total amount that the leasing company is financing for the leased vehicle, including the vehicle's price, taxes, fees, and any additional costs.
Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?
First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.
Is a leased vehicle considered an asset?
Yes, a leased vehicle is considered an asset because it has value and can be used to generate future economic benefits.
Can you return a leased vehicle after one day?
why not.
Can a teen drive a leased vehicle?
No They Cannot.
Do I have to pay California sales tax when registering a car that was leased in another state?
You pay sales tax to the State in which the vehicle will be registered.
Who is responsible for damage to a vehicle during a repossession?
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
How do you find where your old leased vehicle is?
Purchase a Car Fax report.
What is the process for turning in a leased car that is under mileage?
To turn in a leased car that is under mileage, you typically need to schedule an inspection with the leasing company. They will assess the condition of the car and verify the mileage. If everything checks out, you can return the car and potentially avoid any excess mileage fees.
What is the statute of limitations for collection on unpaid costs after turning in a leased vehicle in Michigan?
The standard limit is 6 years for debts in Michigan. This is from the last communications by the debtor. They can file claim at any point during this time.
Repossession of a leased car in ct?
YES LEASED VEHICLE SCAN BE REPO'D, YOU NEED TO READ YOU LEASE AGREEMENT AND CHACK LOCAL AND STATE LAWS.
Can you get vehicle leased if you don't have a valid driver liscensce?
Yes u can snartypants
How do you register a leased car in NJ?
Even leased cars must be registered to the leasee. You must go to your local department of motor vehicles to have your vehicle registered.
What happens if a leased vehicle is in an accident?
If a leased vehicle is in an accident, the lessor has to notify the lease company, along with their insurance company. Sometime the lease company will have you go through your insurance for repairs, other times they send you to their repair shop (if they have one).
