Every car needs regular repair, maintenance and service that sometimes bring along unforeseen expenses. In some instances, leasing does help control these consequences. It is important to understand that most car lease packages do not include maintenance and service cost hence maintenance package should be purchased or considered.
However, new cars have manufacturer’s warranty the usually covers some of the key element of the car leased. These include the engine, electrical components, and the gearbox which are maintained and repaired by the manufacturer in case of a malfunction. Nevertheless, if you are planning to lease the car for a term longer than the covers period, it is important to consider a maintenance package.
Maintenance and repairs
Lease agreement specifies categorically who will cater for repairs and maintenance during the lease period. Furthermore, the manufacturer’s warranty should go with the agreement as it is also important to the customer. As mentioned earlier this warranty is limited to a certain length of time or miles driven.
Most dealers require that the customer caters for the cost of excess wear and tear. This implies that the dealer may instruct you to fix anything considered excessive at the end of the lease term. It’s important to read and understand this part of the agreement before settling down for a pact with any dealership.
As a customer, it can be beneficial to look for a package that includes gap insurance or sometimes referred to as gap liability. This covers you in the instance that a car is totaled or stolen. This cover usually caters to the difference between what the dealership can recover from the vehicle and what you owe according to the agreement.
A few dealerships dictate their own service routines and places to ensure that the car is in good condition on lease period. However, to keep the car safe it is advisable to take the car to the manufacturer service hub for repair.