Leasing : Know your rights and responsibilities

When you lease a vehicle, you have the right to

  • Use it for an agreed-upon number of months and miles
  • Turn it in at lease-end, pay any end-of-lease fees and charges, and “walk away”
  • Buy the vehicle if you have a purchase option
  • Take advantage of any warranties, recalls, or other services that apply to the vehicle.

You may be responsible for

  • Excess mileage charges when you return the vehicle. Your lease agreement will tell you how many miles you can drive before you must pay for extra miles and how much the per-mile charge will be.
  • Excessive wear charges when you return the vehicle. The standards for excessive wear, such as for body damage or worn tires, are in your lease agreement.
  • Substantial payments if you end the lease early. The earlier you end the lease, the greater these charges are likely to be.