Leasing a car can be a great way to save money and drive away in a brand-new Hyundai car or SUV. But there are a few mistakes that folks should avoid if they choose to lease their next new car.
Not Buying Gap Insurance
Most people know that car insurance not only protects you during an accident, but also if your car is stolen. In these cases, the insurance company will pay out the value of the car, however, this amount might not cover your full obligation in the leasing contract. Gap Insurance is one of the best ways to avoid having to pay out-of-pocket for these sometime extravagant fees.
Not Keeping the Car Well Maintained
Another big mistake that people make is to not keep up with their car’s maintenance schedule. Normal wear-and-tear fees are already a part of your lease agreement, but a driver might be on the hook for more fees once you’re ready to turn in the car. This is why we highly recommend keeping up-to-date on all oil changes and tire rotations during your time with the car.
Going Over Driving Limits
Most – if not all – leases come with a driving limit, usually 12,000 to 15,000 miles a year. It is imperative that drivers always pay attention to their mileage to ensure they aren’t going over. This is because penalties for going over the designated mileage can be up to 25 cents per mile, which can add up very quickly. That’s why it is best to take a look at your driving habits before leasing to make sure you will be able to stay within the mileage limits.
