What If I Have an Accident in a Leased Car?
What If I Have an Accident in a Leased Car?

What If I Have an Accident in a Leased Car?

What happens to you when you crash a leased car in a car lease wreck?

Lease Car Accidents are not so common, the reason why you might be blank when they occur. There are simple steps you should take when you suffer a Lease Car Accident to minimize or completely extinguish your loss.

First, inform the Police and get a Police Report in less than 24 hours of the Car Lease Wreck. It is your way of legally establishing facts surrounding the Lease Car Accident before the other party distorts the story. The number to call is 911.

Next, if the other person is at fault, file your claim against him or if you are at fault, get someone else to take over the car repair at no cost. Car Lease Wreck does not spell doom for you. Even when the Car Lease Wreck was your fault, your insurance company will cover the cost of repair after the accident. When the Car Lease Wreck is not your fault, your insurance company will see to it that they claim indemnity against the other person who bashed the car leased.

Now you have to put the Leasing Company in the know and this enables them to check the Leased Car, determine the extent of the damage resulting from the Lease Car Accident and negotiate with your insurance company or the insurance company of the other person involved in the Car Lease Wreck, if the other person was responsible for bashing the Leased Car.

When the negotiation between the Leasing Company and the Insurance repair is done to remedy the Car Lease Wreck and once that is done, continue with your lease as normal.

What if the Lease Car Accident Is Terrible?

It can be concluded that your Car Lease Wreck is terrible when the extent of the Car Lease Wreck renders the vehicle completely beyond repair: “The Vehicle is Totaled.” This is determined when the cost of repair is reasonably above the actual value of the vehicle.

According to New York City local Collision Repair experts Auto Group Collision recommend, in this situation, your insurance company will determine the value of the car involved in the Lease Car Accident, from the Car Lease Company. Then, the insurance company will issue a payout to the Car Lease Company, to offset the value of the car.

Notes of Caution:

  1. After the Lease Car Accident, you might discover that the party who wrecked your lease car is uninsured. In this situation, do not panic. Your insurance company will indemnify you but you must be adequately insured beforehand.
  2. If you proceed to repair your leased car after obtaining an indemnity from your insurance company, be sure to repair a professional shop approved by your insurance company to get the Original Equipment Manufacturer’s parts and avoid the troubles of scrappy old parts.
  3. Bear in mind that upon the repair of the damaged leased car, its value depreciates. Hence, it is financially unwise to sell the car and get undervalued bargains. It is best to return the car to the lease company or buy it yourself whenever the lease ends.
  4. Never go for cheap insurance. Get quality insurance to be properly covered during a Lease Car Accident.

Always remember that an accident is what it is. It is not your fault that you were bashed or that you suffered a Car Lease Wreck. It, therefore, serves you better if, at the instance of the Lease Car Accident, you stay calm and review the steps to take, carefully weighing your options. With the experience from a well-managed Car Lease Wreck, you will stand in a better position to properly manage your brand new car when you finally purchase one.

At The Vantage Auto Group, we save you time, money and peace of mind when it come to Buying your New Car!

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

Get Started Today With Your Personalized Car Quote from Vantage Auto Group!

Good credit, Bad Credit, or looking to get an approval, CONTACT US Today!  We work directly with multiple lenders to find the lowest possible lease rate on a new car lease. Come banks will even help us offer short term lease as short as 12 months if not ready to commit to a 2 or 3 year lease. We can even help you get out of your current car with our swapalease lease transfer program. when using our swapalease program, you will no longer be responsible for your current car.

Price Reflects TIER 1 Credit Approval. Prices are for new lease vehicles only. Images are for Display purposes only. Price Excludes local taxes, acquisition fee & DMV/title. Pricing, lease term, and miles per year may vary. All Incentives are Applied For Qualified Customers including Loyalty Rebate, Conquest Rebate, VPP Rebates, College Graduation Rebates, and Regional Rebates.

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

 

At Vantage Auto Group, we save you time, money and peace of mind! No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps. With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle.

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