Q: What is a full maintenance lease?
A: A full maintenance lease is a type of lease where the lessor is responsible for all maintenance and repair costs for the vehicle during the lease period, with the exception of the insurance coverage which is the responsibility of the lessee.
Q: What kind of maintenance is included in a full maintenance lease?
A: A full maintenance lease typically covers all regular maintenance such as oil changes, tire rotations, and brake inspections, as well as any repairs that may be needed due to normal wear and tear.
Q: Are there any additional costs for a full maintenance lease?
A: The lessee may be responsible for additional costs such as excessive wear and tear or mileage overages at the end of the lease period. These costs will be outlined in the lease agreement and should be taken into consideration.
Q: What are the insurance requirements for a full maintenance lease?
A: The lessee is typically responsible for providing their own insurance coverage for the vehicle during the lease period, which includes liability, collision, and comprehensive coverage. The lessee must provide the lessor with a proof of insurance at the beginning of the lease period, and must maintain the coverage throughout the entire lease period.
Q: What happens if the vehicle is involved in an accident or is stolen?
A: In case of an accident or theft, the lessee is responsible for any damage to the vehicle, up to the amount of the insurance coverage. The lessee is also responsible for any deductibles outlined in the insurance policy.