Things You Should Never Do With a Leased Vehicle

Leasing a vehicle can be a convenient and cost effective option for many people. 

However, it's important to remember that you don't actually own the vehicle when you lease it.

This means there are certain restrictions and guidelines you need to follow to ensure you don't incur additional costs or penalties. 

Here are some things you should never do with a leased vehicle.

Neglect Regular Maintenance:

One of the key things you should never do with a leased vehicle is neglecting regular maintenance. 

Just because you don't own the vehicle doesn't mean you can skip oil changes, tire rotations, and other necessary maintenance tasks. 

Failing to properly maintain the leased vehicle can lead to costly repairs down the line or even void your lease agreement.

Modify the Vehicle:

Another important thing to remember when leasing a vehicle is to avoid making any modifications to the vehicle. 

This includes adding aftermarket parts, installing a new stereo system, or making any changes to the exterior or interior of the vehicle. 

Any modifications to the leased vehicle can result in additional charges when you return the vehicle at the end of the lease term.

Exceed Mileage Limit:

Most lease agreements come with a mileage limit, which typically ranges from 10,000 to 15,000 miles per year. 

Exceeding this limit can lead to hefty fees at the end of your lease term. 

To avoid these charges, make sure you stay within the mileage limit by planning your trips accordingly or consider purchasing additional miles at the beginning of your lease agreement.

Ignore Small Damages:

Another thing you should never do with a leased vehicle is ignore small damages or wear and tear. 

It's important to report any dents, scratches, or other damages to the leasing company as soon as they occur. 

Failure to do so can result in additional fees when you return the vehicle. Take care of the leased vehicle as if it were your own to avoid any unexpected charges.

Neglect Insurance Requirements:

Leasing companies typically require lessees to carry a specific level of insurance coverage on the leased vehicle. 

Make sure you understand the insurance requirements outlined in your lease agreement and maintain the necessary coverage throughout the duration of your lease. 

Failure to do so could result in penalties or even termination of your lease agreement.

Skip Payments:

One of the most important things you should never do with a leased vehicle is skip payments. 

Your lease agreement outlines the monthly payments you are required to make, and missing any payments can result in late fees or even repossession of the vehicle. 

Make sure you budget accordingly and prioritize your lease payments to avoid any financial repercussions.

Leasing a vehicle can be a convenient and practical option for many people. 

However, it's crucial to remember that you are still responsible for maintaining and caring for the vehicle as if it were your own. 

By following these guidelines and avoiding the things mentioned above, you can ensure a smooth leasing experience without any unexpected costs or penalties.