Question about 1955 Armstrong Siddeley

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A car for lease 1000 dollars - 1955 Armstrong Siddeley

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Good if you have a need to rent a car.

Posted on Apr 16, 2015


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Larry, It keeps there cost down, example: You the leaser pick up your new lease vehicle with cheap tire that leaser paid let say $40.00 each for tires. You return car after a year, probably in your contract it states you are responsible for some wear items and damage, over mileage limit,etc. The lease rep. comes out measures remaining tread depth of tires and they measure out at 3/32 of an inch. Which then they calculate to be 95% worn. They do not use the price of $40.00 per tire, they use the price probably closer to $120.00 per tire in there calculation and get away with it, because this is determined to be the average cost to replace a tire of the market at the time.
To sum it up you could have to pay $456.00 towards tires wear unless you replace the tires before returning it to the lease company along with other expenses they deem as part of contract fulfillment.
This is only an example and does not mean all leases are like this it is just a plausible answer to question.
Check the attached links for more info. on car leases, Good luck. "I hope this helped you out, if so let me know by pressing the helpful button. Check out some of my other posts if you need more tips and info."
Don get dinged at the end of your lease
Car Leasing Companies and Their Hidden Costs
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The tries will usually inflate the price past 1000 dollars if they need replacing during the service inspection.

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