Skip to main content
Trending now
Tesla accident

What Happens if You Total a Leased Car?

If you are currently leasing a car, then you might be wondering what will happen in the event that you get into a car accident. Here is what you can expect if the insurance company deems it a total loss.
Two men on a car dealership lot

Closing This Car Lease Loophole Screws the Lessee

Historically car leases have allowed the lessee to shop their end-of-lease car around to whoever was willing to pay a price higher than the residual value. But now with used car prices so high, carmakers are changing their lease terms to require lessees to return their cars to the brand's local dealer.