02.23.06
What to watch as car-lease ends
Ian Caminsky leased a 2002 Pontiac Montana minivan. He had driven 66,000 kilometres when the lease expired last November.
Before returning the vehicle, he made sure to get it inspected. He didn’t want to incur any charges for “excess wear and tear.” He knew the details of a car lease.
Virtually all leases require the customer to be financially responsible for excess wear and tear — defined as more than normal wear and tear — at the end of the lease period. More on this car leasing story.