Contract

Auto lease contracts, or lease agreements are slightly different in detail, but contain important common elements that should become familiar to you. In fact, you should pick a blank contract form from your dealer before you actually plan to lease to allow yourself plenty of time to examine it. Seeing a contract for the first time as you’re sitting under the hot lights in the dealer finance manager’s office is not the ideal time to study it. A regular lease agreement contains coverage to the following points:-

• Fixed term contract – not subject to changes towards extension or early termination.
   
• Insurance coverage as per insurance policy, copy of which should be attached to the agreement.
   
• Free maintenance and repairs for wear and tear. Excessive usage or abuse shall be repaired at the cost of the lessee.
   
• Duties of the Lesser in terms of 24 hrs service, delivery of replacement cars, etc.
   
• Responsibility of the lessee towards safe and legal use of the vehicle, traffic violations, returning the car in acceptable condition free of damages and burns inside and outside the car.