In this presentation, we’ll go over the expenses and obligations that come with auto leasing.

1. swapalease.com
Expenses that Become
Your Responsibility
With a Car Lease

2. The Total Costs of a Car Lease
• You may not own a car that you lease, but
that doesn’t mean you aren’t still
responsible for it.
• In this presentation, we’ll go over the
expenses and obligations that come with
auto leasing.

3. Lease Payments
• These are your most important responsibility
when leasing a car.
• By law, your lessor is obligated to explain all
of your periodic lease payments, including:
– The total number of payments
– The total amount of the payments
– The amount of each payment
– The due dates for the payments
– The late-payment charge and how it is calculated

4. Vehicle Maintenance
• The condition of your vehicle at lease-end
factors into its residual cost. Properly
maintaining your vehicle will hold more of it’s
original value at the end of the lease.
• The warranty that comes with your leased
vehicle will cover some repair costs, but not
routine maintenance.
– You should follow the specified maintenance
schedule to keep your warranty coverage intact
(complimentary in some leases)

5. Service Plans
• Service plans are optional extensions to your
warranty that may come with additional perks
– like roadside assistance.
• If you agree to purchase an extended service
plan when leasing your vehicle, it will typically
be amortized into your monthly payment.
– Service plans are generally transferable.

6. Insurance and Registration
• Your lease contract will require you to
obtain auto insurance and will specify the
type of coverage necessary.
• In addition, you are responsible for any
applicable registration renewal fees or
property tax obligations required by your
state.

7. Lease-End Charges
There are final costs associated with leasing that you
may or may not be responsible for and they include:
• Excess mileage charges – Your lease
agreement will tell you how many miles you can
drive before you must pay for extra miles and how
much the excess per-mile charge will be.
– If you think you’ll exceed these miles, try to negotiate
a mileage allowance that better fits your driving habits
before signing a lease.

8. Lease-End Charges
• Excessive wear charges – at lease-end,
you’ll be responsible for charges related to
excessive wear and tear on the vehicle.
– To avoid any misunderstandings, be sure that
specific definitions of “excessive" wear and
tear are included in your lease agreement.

9. Lease-End Charges
• Disposition Fee – A fee charged by some
leasing companies at lease end to help
cover the expenses of reselling the vehicle
when it is returned.
– If you are required to pay a disposition fee, it
will be clearly marked on the original lease
contract.

10. Early Termination Fees
• Worst of all, there are substantial
payments if you end the lease early.
– The earlier you end the lease, the greater
these charges are likely to be.
• If life circumstances cause you to
terminate your lease, you may be able to
avoid hefty termination fees by doing a
lease transfer.

11. About Swapalease.com
• Swapalease.com is the world’s largest
vehicle lease marketplace.
• Our goal is to match individuals who want
to get out of their lease, with individuals
who are looking for short-term leases with
attractive payments and no money down.

12. Follow Us & Learn More
• Join the conversation on car news and leasing on
the Swapalease.com Facebook page.
• Follow auto and leasing trends at the
Swapalease.com Twitter account.
• Circle Swapalease.com on Google+ for the latest
updates.
• For tips and tutorials on transferring your lease,
check out the Swapalease.com blog.