How to Repair Auto Body Damage While Leasing

Repairing damage to leased vehicles can be tricky.

If you have a leased vehicle that sustains damage, you have two options: Repair it before the lease expires, or turn it in at the end of the lease and pay a hefty fee. Repairing the damage is preferable because it allows you to control the cost.

Things You'll Need

• Leased vehicle
• Lease agreement

Instructions

1. Call your insurance company as soon as possible after the damage occurs.

2. If the vehicle has extensive body damage, it is possible that the insurance company will declare the vehicle a total loss. If that happens, you are responsible for covering the difference between what you owe on the vehicle and what the insurance company is willing to pay. If you have gap insurance, it will cover this cost.

3. Get estimates from several places, in addition to the dealer, of how much it will cost to repair the damage.

4. Ask the dealer about repair requirements. Some dealers require that original equipment manufacturer (OEM) parts be used. If that is the case, make sure that your insurer will pay for them; some insurance companies only pay for remanufactured or reconditioned parts.

5. Have your vehicle repaired and make sure it is in excellent condition before turning it in at the end of the lease.

References

• Insure.com