Tresl Blog

What Is a Wear and Tear Fee?
Lease Purchase
Jimmy Lipham

What is a Wear and Tear Fee on a Lease?

Under a car lease, a lessee does not have any ownership of his/her leased car. Lessees simply pay for the right to drive a car owned by his/her leasing company. For this reason, most car lease car agreements stipulate the kind of condition the leasing company expects the car to be in once the lease ends and the car is returned.

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