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As vehicles begin to get replaced or traded in, it's important for drivers and dealers to understand the full picture in terms of the impact Hurricane Sandy has had on certain types of vehicles. In particular, leases are treated differently than financed vehicles. Leases must be maintained in accordance with the agreed upon terms from the bank. And when leases are transferred, cars that originated in the Northeast may be returned to dealers in other parts of the country.
Car lease drivers are in a different situation compared with people who own their vehicles. Leases need to be turned in at the end of contract in quality condition. Hurricane Sandy caused major damage to thousands of vehicles in the Northeast, and Swapalease.com expects more shoppers to use vehicle inspection services for these vehicles in the near future. A few things to keep in mind:
Car leases from the Northeast may actually be in demand in the coming months due to the possible inventory shortage. It will be important to make sure proper inspections are done when considering vehicles from this region.
Inspection services via Inspectmyride.com go beyond the traditional Autocheck report. It’s like having a shopping advocate on your side. Inspection personnel go over the vehicle’s condition and will even do a smell check to determine water damage test.
Shoppers are given bumper-to-bumper pictures and can opt to have the car checked out at a local dealership to determine the vehicle’s condition against lease-return policies.
Visit Swapalease.com to learn more about this issue. Dealers can also check out the site to get insight into working with leases under contract damaged by Hurricane Sandy.