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MissouriFamilies.org - Money Matters - Consumer Action

 

Quick Answers...Auto

 

What are my responsibilities when I lease a vehicle?

 

You may be responsible for:

 

  • Excess mileage charges when you return the vehicle. (Check your lease terms for the exact number of miles you can drive during your term and the cost for excess mileage.) 

 

  • Excess wear charges when you return the vehicle. (Ask how that is determined and get it in writing.)

 

  • Possible substantial payments if you end the lease early.

 

 

 

Brenda Procter, M.S., State Specialist & Instructor
Personal Financial Planning, University of Missouri-Extension

 

Last update: Friday, April 21, 2006

 

 

 

 

 

 

 

 


 
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