Maintenance of a leased car Midland MI

I am in the market for a new car and am considering leasing. Is there anything I need to know relative to maintenance and repair of a leased car?

Local Companies

L Hale Auto Repair
(313) 368-8588
13200 Joseph Campau St
Detroit, MI
Ypsilanti Import Auto Repair
(734) 482-8039
1122 E Michigan Ave
Ypsilanti, MI
Superior Auto Service Center
(248) 399-3536
621 E 9 Mile Rd
Ferndale, MI
Northern Auto Service
(989) 382-5291
203 E Northern Ave
Barryton, MI
Sam's Auto Repair Inc
(313) 835-8757
18641 Schoolcraft
Detroit, MI
Advantage Plus Auto Repair
(989) 732-1959
611 W 4th St
Gaylord, MI
Shelby Auto Repair
(586) 323-2120
5000 23 Mile Rd
Shelby Township, MI
Campbell's Auto Repair Service
(231) 352-9585
1215 Hall St
Frankfort, MI
Tuffy Auto Service Center
(989) 358-1166
2410 US Highway 23 S
Alpena, MI
Quality Transmissions & Automotive Repair
(248) 698-1789
10325 Highland Rd
White Lake, MI

Provided by:

Maintenance of a leased car

 

Reader Question: I am in the market for a new car and am considering leasing. Is there anything I need to know relative to maintenance and repair of a leased car?
Thank you,
Scott

Dear Scott,

Yes, there are a number of important things you need to be aware of, and with the help of leasing expert Al Hearn at www.LeaseGuide.com, here are a few simple rules to remember.

  1. You, not the lease company, will be responsible for all maintenance and repairs on your leased car. This is typically spelled out in the fine print of your lease contract.

     

  2. The manufacturer's new car warranty will protect you in case you have problems with your new car. It's important, therefore, that your lease term should not exceed the length of your warranty. You would not want a longer lease term and be exposed to having to pay for major repairs after your warranty expires.

     

  3. You are expected to keep your vehicle (actually the lease company's vehicle) in good condition and not make any modifications to it that can't be easily undone at the end of your lease. If notified of a recall on your vehicle, you are expected to have the required work or repairs done promptly.

     

  4. If you have an accident, make sure the repairs are done by a reputable body shop that uses only manufacturers' parts, not "aftermarket" parts. If the repairs are not done correctly, the lease company may charge you at the time you return your vehicle to them.

     

  5. If your vehicle is totaled in an accident, your insurance will pay what the car is worth (minus your deductible), not what you still owe on your lease, which is usually more. Fortunately, most leases now have automatic "gap" protection, which pays this difference. Check your lease contract to make sure you have it; it's very important.

     

  6. If you plan to return your vehicle at the end of your lease, you will be expected to pay for excessive mileage, unrepaired damages, worn tires, and wear-and-tear. Your lease contract spells this out in some detail. If you decide to purchase your vehicle instead of returning it, you are not responsible for any of these charges.

Before you decide to lease, it's very important to understand how leases work and if you're a good candidate for leasing. It's also important to know how payments are calculated to make sure you get a good, honest deal. You can get this information, and more, on the Web at www.LeaseGuide.com, a consumer's guide to smart car leasing.

For more information, visit Trustmymechanic.com

Featured Local Company

All Tune Auto & Diesel Repair

810-715-0530
G-3434 S Dort Hwy
Burton, MI

Rate Article
     
Articles Insider

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets