In this episode of Proctor Car Tips, Will answers some of the most common vehicle leasing questions. Some of the questions are; What happens if you drive more than average miles? What happens at the end of your lease? Can I accessorize my vehicle? What happens if I get into an accident with the leased vehicle? When is it not advantageous to lease a car? Can I trade my lease before my lease term is up?
If you drive more than the average miles per year, the lease can be tailored to the amount of driving you do. At the end of the lease you have 3 options: You can turn your vehicle back in, buy your lease or use your lease as a trade in. You can certainly accessorize your vehicle with factory manufactured accessories but aftermarket accessories are not allowed. If you are in an accident that totals your vehicle, the lease automatically ends and you can walk away to lease another car. Leasing a car is not great for people that are looking for a used car, heavily accessing the car, or someone paying with cash. Yes you can trade your lease by going to the leasing institution, getting your car appraised, and then using that amount as a trade in towards your new vehicle.
Leave any more financing questions for Will in the comments below!
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http://www.proctorcars.com
Common Vehicle Leasing Questions
https://youtu.be/OTLyAn5oJQY
Learn more about common car issues, new car features, car parts, car financing, or new cars on the Proctor Car Tips Channel. These helpful car tip videos will help you learn more about car parts, how to fix common car issues, purchasing a new vehicle, trading in your old vehicle, understanding new car features, or virtually road testing the newest cars on the market.
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Car Leasing Explained & Automotive Vehicle Leasing Frequently Asked Questions new cars 2019 | |
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| Cars & Vehicles | Upload TimePublished on 20 Jan 2015 |
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