What Are Your Responsibilities Under A Vehicle Lease Agreement?

If you purchase a vehicle, you have certain responsibilities, such as insurance, maintenance, and complying with all applicable laws. Vehicle leasing is no different. However, there are some responsibilities that could cost you if you are not careful.

    Some of your responsibilities as a lessee include:
  • Regular vehicle maintenance as defined by the manufacturer
  • Providing for the proper amounts of insurance as set by the lease agreement, usually higher than state limits
  • Returning the vehicle in reasonably good condition, with no more than normal wear-and-tear.
  • Paying for the miles driven over the total "mileage limit" as set by the lease agreement
  • Obeying all laws and paying for traffic and parking fines
Who Leases Vehicles?
What Is Vehicle Leasing?
Is Vehicle Leasing Right For You?
What Questions Should You Ask?
What Are Your Responsibilities Under A Lease Agreement?
What Should You Look For In A Vehicle Lease Agreement?
Be Cautious!
Are There Tax Advantages To Leasing A Vehicle?
How To Go About Leasing A Vehicle.
Comparing Leases
Lease Versus Buy Comparison