Things to Note After the Deal »

Things to Note After the Deal

After the contract is signed, it is already legal and binding so a deal is a deal. If you're unhappy with the lease there is no grace period wherein you can cancel the deal. This goes the same with purchasing a car. However if you believe that a mistake have been made, contact your dealer or car leasing company.

If you absolutely must terminate your lease, the later you can wait, the better. When you terminate your car lease too early, it will extremely be costly.

If you want to move during the term of your lease, many car lease contracts prohibits you from doing this. Most car lease contracts prohibits their vehicles out of the country, some even prohibit moving it out of the state. Always remember to read the fine print.

Keep your end of the bargain, failure to do is a violation of your car lease contract. Maintain your vehicle, keep the contract-specified amount of the insurance, and make your monthly payments promptly.  Purchase tags, registrations, and pay taxes as required by your local government. Don't make modifications to your vehicle, or fail to repay any damages. Don't use the vehicle for illegal purposes, drive while drunk, or let unlicensed drivers use it. Pay all fines and fees associated with the vehicle.

Be sure to watch your mileage that it does not exceed the limit. If you find that you're driving too many miles, try to take action to bring it back in line. You can try swapping your car with someone else every once in a while. If you have a pending road trip, you can opt to rent a vehicle for this rather than drive your leased vehicle. If you can't simply stay within your mileage units, just realize that it will cost you whether you're leasing, buying, or renting.

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