Tag Archives: leased car

What happens when you crash a leased car without insurance? This is a serious situation with significant financial and legal consequences. You’ll face potential repair costs, lease termination fees, and potentially hefty legal bills. The lease agreement dictates your responsibilities, and your credit rating could be affected. This guide examines the financial implications, legal responsibilities, insurance options, and preventive measures …

Do I need gap insurance on leased car? This crucial question confronts many leaseholders, navigating the complex landscape of automotive financing. Lease agreements often obscure the true financial implications of potential damage or loss. The decision to secure gap insurance requires a nuanced understanding of the lease terms, potential risks, and available alternatives. This analysis meticulously examines the intricacies of …