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Replace Surname Field to the Vehicle Leasing Agreement

Replace Surname Field to the Vehicle Leasing Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the disadvantage of leasing a car?

The obvious downside to leasing a car is that you dont own the car at the end of the lease. That means you dont have a trade-in if you decide to purchase a car. Consumers who routinely lease cars over many years may end up paying more than they would if they had initially bought the car.

Do you get a title for a leased car in Maryland?

Your title will be mailed to you regardless of how you apply for it. If you also register the vehicle, your registration card, license plates and expiration stickers can be provided immediately when you apply in person to the MVA; otherwise, these items also will be mailed to you.

Can you change the name on a car lease agreement?

In addition to extending, amending or terminating your lease contract early, some finance providers may also allow you to transfer the leased vehicle to another person. This is known as a Lease Transfer or a Transfer of Contract.

Do you get a v5c with a lease car?

Do you get a V5 with a leased car? Although your name will be down on the V5 document as the registered keeper, you will never be in receipt of the V5 logbook as this will stay with the owner.

Am I the registered keeper?

The registered keeper is the main user of the car. A company car is a common example of when a registered keeper and owner are different. The company owns the car and the employee who drives the car is the registered keeper.

Can you have a named driver on a leased car?

The person named on the lease must be the primary driver on the insurance policy, anyone else must be named as a driver. This is something to bear in mind if you are looking to lease a car for your child, for example, as they will have to be a new driver and will not be building their own no claims discount bonus.

Is road tax included in car lease UK?

Road tax, otherwise known as Road Fund License (RFL), is always included in your lease cost at the prevailing rate. Road tax on a lease car is administered entirely by the funder of your lease deal as they are the registered keeper of the vehicle.

Who holds the log book when you lease a car?

The leasing company. In the majority of cases, owning a car will automatically make you the registered keeper, and because the leasing company owns the car, that means they are also the registered keeper.

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