Can someone else drive my leased car?
Most lease contracts specify who is allowed to drive a leased car. Other than the lessee, other drivers may be restricted to a spouse or family member. Lease companies typically require a request for permission for drivers other than those allowed by the contract.
Can I drive my girlfriends car if I’m not on her insurance?
Call your insurance carrier and ask to add ‘any auto’ coverage. Your policy should then cover you. In most places it’s the vehicle that’s insured, and so if you have permission to drive the vehicle then it’s still OK. However, she should still advise her insurer that you’re driving the vehicle.
Is your insurance higher when you lease a car?
All coverages equal, leased cars are not more expensive to insure. The difference, however, is in how much coverage a driver would normally choose for a vehicle. Lenders may require a leased car to have higher coverage limits and additional coverages such as collision or comprehensive coverage.
Can you lease a car for a family member?
If your lease isn’t eligible to be transferred or you aren’t able to sell your car due to negative equity, you can effectively lease your car to a family member or friend informally. They can pay you for the use of your vehicle while you maintain legal ownership of the car.
Can my wife drive my lease car?
Other drivers are allowed to drive your lease vehicle, subject to them being covered by your fully comprehensive insurance policy. The named person on the Hire Agreement should still remain the primary user of the vehicle.
What’s the best month to lease a car?
Timing your lease can be important if you want to maximize savings. Generally, the best time to lease a car is shortly after the model is introduced. That’s when the residual value will be the highest – meaning you’ll likely save money on the depreciation cost.
Can you still lease a 2020 vehicle?
If you lease a 2020 vehicle for 36 months this year (2019), the lease will expire in 2022. If you wait until 2020 to lease that same vehicle, the lease will conclude in 2023. Your 2020 vehicle will be worth less in 2023 than in 2022, which means an extra year’s depreciation.