If you crash a leased car you may be responsible for repaying the lease in full as well as any damages to the vehicle. You may also be required to purchase insurance to cover the damages.
What is a car lease?
A car lease is a contract between a customer and a car dealership that allows the customer to drive a car for a set period of time and mileage limit in exchange for monthly payments.
How much does it cost to lease a car?
The cost of leasing a car depends on the make and model of the car the length of the lease and the mileage limit.
What is the mileage limit on a car lease?
Most car leases have a mileage limit of 10000 to 15000 miles per year.
What happens if you go over the mileage limit on a car lease?
If you go over the mileage limit on a car lease you may have to pay a per-mile charge.
What if you crash a leased car?
If you crash a leased car you may have to pay for the repairs yourself or through your insurance.