Car Leasing - Warranty and Maintenance Considerations

103 28
One of the major bonuses of leasing a vehicle versus buying a vehicle is that you're almost always covered under warranty, though it depends on the make of vehicle you purchase, and the manufactures warranty it comes with, because with some companies you may have a year of not being covered if you go for a four year lease as some car companies only offer 3 year 60,000 km warranty coverage on their vehicles.
However, some of these vehicles that have 3 year 60,000 km bumper to bumper warranty also have 5 year 100,000 km power train warranty, which is still a major asset if something goes wrong.
Many car companies are extending the length and available kilometers of their bumper to bumper warranty so there is a very good chance that you will be able to find a vehicle that will be covered for the whole time you are leasing it.
This is quite beneficial because it means that if you are always leasing rather than buying vehicles, then you won't ever have to worry about major maintenance costs that come with owning an older vehicle that is not covered under warranty.
Some such expenses include brake work, new tires, coolant flushes, engine components, body work if the vehicle has bad rust issues, and so on.
While you are leasing a vehicle, the only maintenance issues you really need to be concerned about are regular oil changes, the occasional tire rotation and perhaps some new wiper blades or a refill on your washer fluid.
Things like these are required to keep your vehicle in tip top shape, and will help to ensure there are no extra expenses when you return the vehicle.
If you don't take care of the regular maintenance however, your vehicle may have problems that you won't notice until it's too late and then you may end up having to pay for damages when you return the vehicle at the end of your lease.
There is a certain monetary amount of damages (or "wear and tear") the vehicle is allowed to have when you return it, but if you go over that amount you are going to have to pay to have the problems fixed.
For example, you can't return the vehicle with a cracked windshield, though a small chip in the glass would likely be acceptable.
The important thing is to take care of the vehicle like it's your own, and then you shouldn't have anything to worry about it when you return it.
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.