Why Leasing a Car Is Like Lighting Money On Fire
The Personal Finance Podcast
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Car Accidents - What Are the Limits on Leasing?
If you get in a car accident and your vehicle is totalled, your still responsible to pay back the full lease contract amount. This is where the risk comes into play, because lease contracts amounts do not change,. Even if you have two or three years left on that lease, you still have to pay that back. The next issue with leasing is you don't own the car, but you're still responsible for repairs. When you rent a property, the landlord is responsible for the repairs. If you like customizations of your car, maybe you like to put on some bigger tires on your truck, or you want to change the leather seats, or they want a nicer dash. You can
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