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Drive the Vehicle in Double Quick Time

Drive the Vehicle in Double Quick Time...

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Tel: 2376476 Fax: 2376477

Subject	:	Drive the Vehicle in Double Quick time
Description	:	Government taxes slashed for vehicle in Sri Lanka. Drive the vehicle in double quick time with reduced installments.
Contact	:	Peoples Leasing Finance PLC 0712-285835

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Bottom Line

Many consumers are anxious about leasing's Judgment Day - when you return the vehicle to the dealer and have them inspect its condition for extra charges. Usually, the charges are assessed because of excess wear and tear or additional miles on the odometer above the agreed-upon figure in the contract.

These fears are not unfounded, Shebesta said. "As the leasing market tightens up, banks are looking for a way to make money from returned cars. They will be more critical about wear and tear and any deviations from the lease contract." Bottom line: Keep the car at a condition above and beyond "average wear and tear" to avoid penalties

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