Reader’s Question: My sister has a leased vehicle. I woul like to know what is the required minimum liability on that car. We live in Texas. John Houston TX In Texas the minimum liability insurance is $25,000 for each injured person, up to a total of $50,000 per accident, and $25,000 for property damage. This [...]
Readers Question: I will be staying in Texas for a few years and I want to lease a car. Should I get insurance? If yes, what should I expect? Tiffany Bridgeport TX Here is one thing to bear in mind: whether owning or leasing a car in Texas, it is better to have it insured. [...]
Reader’s Question: I don’t own a car. What if I lease a car? Will I still need auto insurance? Frances Austin, TX Leasing is fast catching up. A lot of people are into it. It is the advisable thing to do if you want lower monthly payments, a new car every couple of years and [...]
Reader’s Question: My father and I just leased a vehicle. The problem is that I have a revoked drivers license and the dealership wants to exclude me and the auto insurance company will not exclude me. Can you tell me what to do? Brian Dallas TX Most car insurance providers will not exclude you if [...]
Reader Question I want to lease a new Toyota Prius…..damn gas prices are out of sight! The dealership wants to charge me a bunch of smaller “Fees” in addition to the lease fee, what should I do….go to a bank for a lease? Tom, Detroit, MI Dealerships value your business and are ready to negotiate. [...]
Reader Question When did auto leasing become so popular? It seems every TV advertisment is for car leasing not car buying? What happened to the old car buying days? Jerry, Dallas,TX Perhaps as recently as 8 years ago, most auto consumers had never really heard nor considered leasing a viable options for their auto [...]
Reader Question: Hi, can anyone please explain the whole auto leasing concept to me in laymans terms? Thanks, Tom, Atlanta GA Hey there Tom, Car leasing (auto leasing) is essentially a way of obtaining a vehicle for a set period of time. Leasing is not renting and renting is not leasing, nor is it financing. [...]