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Q & A For Vehicle Leases

Terms For Vehicle Leasing

How to Understand Your Vehicle Lease

Figuring out your vehicle lease agreement terms, conditions, and definitions is seldom called an easy task, by and large by some of us who prefer to read the conversational English. Just to be clear, leasing and buying are not the same thing. To be honest, it’s similar to renting. As you might suspect, the most vital contract conditions deal with responsibility, ownership, and liability; including insurance on the leased vehicle, wear and tear, and lease extension or return.


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requirements for car leasing insurance

Car Leasing Insurance Stipulations

Finding insurance for a leased vehicle is no different than getting insurance on any other type of vehicle. With leasing, however, the lease agreement typically obligates the lessee to secure a specific level of minimum coverage. The leasing company owns the vehicle, the agreement stipulates the obligations that permits you to use it. The main condition is full protection, aka, comprehensive insurance.

excess wear & tear vs normal wear

Excess Wear & Tear vs Normal Wear

The normal lease most likely clarifies specifically what qualifies as normal vehicle wear and tear. This is significant because when you trade in your leased vehicle you may be charged for damage and wear that falls outside of the lease. Now, if that makes you uneasy, then make sure to inquire about additional Insurance to take life’s ambiguity out of the equation.

returning or extending a lease

Car Lease Return or Extension

We recommend getting in touch with the dealer you leased from several months before the end of your agreement and establish your end of lease obligations. While scheduling a lease return inspection, you might also want to request a lease extension or an auto lease buyout. One allows you to keep your lease for an additional period of time, while the other lets you buy your leased car at current value.


CJDR online car buying Oklahoma City  OK

FAQ: Vehicle Terms of Lease Agreements

What if I Want a Short Term Auto Lease?

Short term vehicle leases are not usually available from the dealer, but sometimes they are available as extended rentals from many rental companies.

What’s an Auto Lease Extension?

A lease extension allows you to extend your current lease for an additional amount of time. Depending on the case, it could extend 6 months, 12 months, or even go month-to-month. If you are looking for more info, we’re happy to help.

Am I Able To Use My Vehicle as a Trade-In on a Lease?

Sure, you can use your vehicle as a trade-in. Using the equity from the trade-in can lower your monthly payment, but it will not change the cost of the lease.


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  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Jeep Brand Events
  • Five year coverage on retail purchases
  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
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  • This vehicle is being built now. Contact dealer to reserve this vehicle and discuss options for locking in pricing and eligible incentives.
  • Vehicles identified as “Being Built” are pre-production vehicles that are not yet on the dealer’s lot or in transit. Pre-production computer-generated images may be shown and may not be representative of the vehicle listed.
  • MSRP for standard equipment plus optional equipment listed. Vehicle delivery date and other vehicle information, including pricing and incentives, are subject to change until the vehicle build is complete.
  • MSRP excludes additional charges including without limitation any delivery fees, government fees and taxes, title and registration fees, finance, filing and processing charges, emission testing charge, accessories and upfits.
Bob Howard Chrysler Dodge RAM 35.5945226, -97.5061098.