Hyundai Leasing FAQ

Q & A For Vehicle Leasing

Understanding Your Car Lease

Finding clarity within your car lease agreement terms, definitions, and conditions can seldom be said to be an easy task, especially for some of us that have a preference for a more casual use of English, for even better understanding. Just so there is no misunderstanding, buying is not the same as leasing. To be honest, it is similar to renting. As such, the most important conditions deal with liability, responsibility, and ownership. These include insurance, wear items, and lease return or extension.

car leasing insurance obligations

Car Leasing Insurance Stipulations

Finding insurance on a leased vehicle is the same as getting insurance on any other kind of vehicle. When it comes to leasing, however, the lease agreement typically requires the lessee to have comprehensive auto insurance. In short, the leasing company owns the vehicle, the lease lays out obligations that permits you to rent it for a set period of time. Normally one of the conditions is full vehicle protection, also known as, full coverage insurance.

excess wear & tear vs normal wear

Normal Wear & Tear vs Excess Wear & Tear

The normal lease contract most likely stipulates specifically what is designated as normal vehicle wear. This is important because when you bring back your leased car you may be liable for damage and wear that is outside of the agreement. Now, if that makes you uncomfortable, then be sure to inquire about additional Insurance to take life’s uncertainties out of the consideration.

returning or extending a lease

Extending or Returning a Car Lease

Leading up to the end of your lease, we suggest getting in touch with the dealership you leased from to confirm your end of lease procedures. While completing a lease return inspection, you may also want to request a lease extension or a lease buyout. They allow you to keep your lease for a longer time, while the other lets you buy your leased car.

Hyundai online car buying Lubbock  TX

Vehicle Leasing Agreement Terms – FAQ

What’s an Auto Lease Extension?

A car lease extension lets you extend your current lease agreement for a longer time. Depending on the case, it could extend 6 months, 12 months, or even go month-to-month. If you are looking for more info, we are happy to assist.

Normal Wear, What is it?

Normal wear and tear on a vehicle is judged by the binding terms found in the lease contract. Usually, some wear and tear is expected and something easy to replace.

Can I Get a Short Term Car or Truck Lease?

Occasionally short term car leases are available as long-term rentals from many rental companies but aren’t typically available from the dealership.

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