Car lease rules and regulations can sometimes be overlooked and end up costing you hundreds of dollars in repairs and it may even force you to buy out your car lease. returning a leased vehicle can cost you more than you plan. The leasing company charges you for damages when you take back the vehicle at the end of your lease. Although leasing companies expect a vehicle to undergo normal wear and tear, they vary in their definition of the term. Minor dings and dents are common, but they can add up to stiff penalties at lease-end if you have to pay to repair the damages.
Items you will need
- Lease contract
- Vehicle maintenance record
- Vehicle repair receipts
Read your lease contract carefully before signing it. The agreement should describe what the leasing company considers normal wear and tear. Normal wear on a vehicle usually includes minor paint scratches, nicks from stone chips and small dings in the doors. Unless your lease contract clearly specifies what is normal wear and tear, the leasing company or dealership will bill you for any auto body repairs made to the vehicle.
Find out before you sign the leasing agreement whether the dealership expects you to return the vehicle in mint condition. Otherwise, you could end up with a bill that totals thousands of dollars.
Look to see if your lease agreement specifies the number and size of small dings the vehicle can have before the dealership charges you excessive wear and tear penalties. Excessive wear and tear on a vehicle normally occur as the result of poor maintenance or neglect. It is what the leasing company considers more than normal wear on the vehicle.
Maintain the vehicle well during the lease. This includes replacing worn tires or wiper blades. Keep a record of regular maintenance work done on the vehicle to show the leasing company. Provide copies of receipts for any repair work you pay for during the time you are leasing the car.
Inspect both the interior and exterior of the vehicle before returning it. While some leasing companies let you get away with a scraped bumper, even minor stains on the upholstery can cost you with other leasing companies.
Save money by having any dings or dents in your leased vehicle repaired before returning it to the dealership or leasing company. Most times, it will cost you less than what the dealer will charge you in damage fees.
Pay to have the vehicle professionally detailed before turning it in. A vehicle that is immaculately clean inside and out looks newer and well maintained. If the vehicle appears to be in rough shape at first glance, you can bet the dealership will take a more careful look when inspecting it for damages.