Author: Ken Nunn, Esq.
Many people are unable to afford a new car. For this reason, leasing a vehicle has become a popular alternative. Statista stated, “29.83 percent of the new cars in the U.S. were on lease in the first quarter of 2018.” This increase in leased vehicles has raised questions for many Americans on what to do if they’re in an accident in a leased vehicle, and for good reason. There are particular requirements that one needs to follow after being in an accident in a leased vehicle. If these specific actions are not followed, you could owe money to the leasing agency for not abiding by the contract rules. (more…)