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 [...]
Reader’s Question: I have a leased car in Texas and I would like to know what is the minimum liability auto insurance that is required for leased vehicles. Pat Houston TX Since you are leasing a vehicle you will be be required to buy more insurance than what your state mandates. They will likely require [...]
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’s Question: Does lease company pay for auto insurance of the leased automobile? Amanda Los Angeles CA I do not think so. What I know is that you are still responsible obtaining car insurance on the leased car. It is true that the lease car company technically owns the vehicle but normally if you check [...]
Reader Question I was leasing a new Ford Mustang for 2 years, but now they say the price of the Mustang is soo low that I lost value, or something like that….I think he said its residual value was lower than market value? Help…I think I am getting screwed on this car lease “deal”. Anne, [...]
Reader Question My husband wants to lease a new Mercedes, not buy it like I am used to doing. Should we consider leasing this type of high end luxury vehicle or should we just buy it out right like we are used to doing? Rose, NYC NY Hey Rose, I was shocked to find [...]
Reader Question Can you tell me what is GM’s Smart Buy and Smart Lease program consists of? Shirley, Houston, TX Hi Shirley, does this help explain their programs to you? SmartLease Plus expands the lease to help you avoid monthly payments (contact GMAC for more information). And the Low Mileage Lease benefits those who [...]
Are you considering an auto lease deal over conventional buying? Auto leasing is gaining popularity among consumers in the US because it offers them a chance to drive the cars they want, often better cars than they can afford to buy. Low monthly payments are a big attraction of auto leasing. Auto leasing is more [...]