Lease Car Damage Deposit
courtesy of Bob, The Auto Answer Man
I have a '98 Neon on lease for three years...have had it one year in October I believe. Anyway, on my passenger door, there is a rust spot under the door frame, likely created by a brush with a curb. It's about half a foot long and is only visible if you take the time to look down at that side of the car. I noticed there is a slight dent under the mark as well. Is this something that should be covered under my insurance, am I going to have to pay for it myself? If I dot fix it will it hurt my value a lot when I return the car to get another or get out of leasing all together? Any insight you might have would be greatly appreciated.
The leasing company will definitely charge you for that. Remember that security deposit you left? Well, they try to find anything they can to not give that back. And something like this, they might send you a bill for. Get an estimate to have it fixed and see where that takes you.
Bob, The Auto Answer Man
If you have a question for Bob send it to: AskBob@stretcher.com. He's able to answer many of them personally and we'll include the best questions in future issues of The Dollar Stretcher.
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