Lease Agreement Car Accident
With a rental contract, you don`t have the car. A monthly payment is due in exchange for the use of the vehicle for a specified period of time. While you have the vehicle, you are obliged to pay for all necessary maintenance and repair work on the rented vehicle. Many drivers choose to lend it rather than buy the vehicle. Vehicle rental offers many advantages, including lower payments, a new vehicle every two years, a more expensive vehicle and lower repair costs, as the vehicle is guaranteed in employment law during the rental. But what if you have a car accident in a rented vehicle? Who is responsible for the damage caused by the accident? Renting a vehicle is a good alternative to buying. Drivers can rent newer models for less than the cost of purchase, without worrying about vehicle maintenance or committing to a single car for the next 10 years. Dealers now rent about 3 out of 10 cars that stand out, according to U.S. News.
What many drivers are not as sure of as the lease itself is what happens when they collide in rentals. Lack of ownership can pose obvious legal problems. You are entitled to compensation if you are involved in an accident involving a rented car. Green Bay Car Accidents Expertsthe lawyers at our law firm explain the possibilities that are available after an accident in a rented vehicle and the differences in how your application can be handled. We are ready to check your situation and discuss your rights in a free and non-binding legal advice. If you have been involved in a car accident, in your rented car caused by a negligent driver, you can always cash in compensation. As with all cases of car injuries, you can argue that if your vehicle has been declared total damage by the insurance company, this means that the repair costs exceed a reasonable percentage of the value of the vehicle, usually about 70%. In this case, the insurance company makes a check to your leasing company on the market value of the vehicle, not to you. In William Mattar`s law firms, we can help you after your car accident. If you have suffered personal injury, you may be entitled to compensation. Call our accident lawyers today at (844) 444-4444. In New York State, all cars must be insured.
The insurance company should be informed as soon as possible of the car accident, a rule that applies to rented cars. The car dealership or leasing company should also be notified immediately of the car accident, as it may have specific repair requirements. In addition to dealing with the insurance company, you also have to take care of the leasing company. The leasing company adds another level of frustration as you focus on how you try to focus on your recovery. A car accident lawyer can guide you through the process while protecting your rights and interests. You may have specific requirements regarding the type of repairs you receive as part of your lease. For example, you only need repairs in certified or specific garages.