Warranties On Car Lease Contracts

by admin on Feb.11, 2009, under General

Business owners who have lased cars in the past will know the difference between a non maintained car and one where servicing is included in terms of conditions and monthly premium. Even though at first glance the non maintained option may seem considerable cheaper, when you start looking at the conditions, such as when to service, where to service and the commitments to it, somehow the price of an unmaintained car no longer looks so cheap.

Not having a new car maintained properly to a car lease company, goes beyond just servicing the car and giving it a valet at the end of the contract, it also affects the warranty that came with the vehicle. Not having any vehicle services within the warranty guidelines, can make that warranty void, to all sorts of things.

Car lease firms very much rely on manufacturers’ warranties to fix problems as they arise, not only to save the expense but also to save time in administration costs, replacement vehicles etc. Ensuring your lease your vehicle with the correct mileage option is also essential. This is because most warranties cover a vehicle for a set time and mileage. If you go over that amount, your warranty is no longer in force; this adds another financial strain to the car lease company, beyond the re-saleable value of the car.

So leasing a new car with minimum options may seem like a good idea, but make sure you read all your commitments and understand why they are there and the benefit of keeping that manufacturer warranty active.

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