What is a Wear and Tear Fee on a Lease?

Learn Why the Condition of Your Leased Vehicle Matters

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. If a car is in poor or damaged condition when returned, most leasing companies will charge the lessee a wear and tear fee.

You should check your lease agreement to see what kind of condition your leasing company expects your car to be in at the end of your lease. Try to be objective when evaluating the state of your leased car. If it is in unreasonably poor condition, you will likely owe your leasing company a wear and tear fee when/if you return it.

However, you do not have to pay any wear and tear fees if you purchase your leased car at the end of your lease. One of the benefits of an auto lease purchase is that your leasing company does not care about the condition of your vehicle when you buy it.

Purchase Your Leased Car Through IFS

Pre-qualify with no credit impact. Tresl will curate finance offers for you and manage the transaction process.
Related Posts
Someone who wants to buy a leased car

4 Steps To Buy Your Leased Car

If you enjoy your leased vehicle, it’s only natural to want to keep it. Lease buyouts during or at the end of your term are common. In fact, manufacturers are most often all too happy to sell you the vehicle you leased.

Read More »
Shaking hands after buying your car lease early

How To Buy Your Car Lease Early

Most lessees will drive their leased vehicles until the end of the contract and return it to their dealer. But a three-year car lease is not set in stone. In fact, if you’re looking to buy your car lease early, you can follow the footsteps of thousands of people who have done the same.

Read More »

Share this post with your friends

Share on facebook
Share on twitter
Share on linkedin

What Our Customers Say