People have different opinions when it comes to leasing a vehicle and buying a vehicle, but heres the basic gist of it: buying a vehicle differs from leasing a vehicle in that buying a vehicle requires you to pay for the entire vehicle, whereas leasing a vehicle requires you to pay for the amount of the vehicle you use up during a set period of time. Simply put, once the time period is up the person leasing the vehicle may decide to buy the vehicle, or move on.
Theres no difference, however, in purchasing automotive insurance for bought and leased vehicles. If you lease a vehicle and finance through the dealer or a bank, youre still required to purchase automotive insurance for your leased vehicle. Just because youre only paying for the portion of the vehicle that you use during a specific time period doesnt mean you arent responsible for repairing the damages to the leased vehicle, or the damages your leased vehicle may inflict upon another persons vehicle, or another person.
For example, if your leased vehicle is involved in an accident that is your fault and involves another party, youre responsible for paying to repair not only the damages to your leased...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
