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Vehicle Lease Agreement

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Parties
Lease Details
Warranty & Insurance
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Warranties

Is the manufacturer's warranty still valid?

Yes No

How many years are left in the manufacturer's warranty?

Years:

Will a supplementary/extended warranty for repairs be provided?

Yes No

Will the Lessee have to pay for the supplementary warranty?

Yes No

Cost of supplementary warranty:

₹

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Insurance

Minimum insurance coverage the Lessee must obtain:

₹1,000,000 Other

Minimum insurance coverage amount:

₹

e.g. ₹3,000,000.00

Maximum deductible on fire and theft insurance coverage:

₹250 ₹500 ₹1000 Other

What is the maximum deductible amount on fire/theft coverage?

₹

Maximum deductible on collision coverage:

₹250 ₹500 ₹1000 Other

What is the maximum deductible on collision coverage?

₹

Will gap coverage be provided?

Yes No

What amount will be charged for gap coverage?

₹

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Frequently Asked Questions

What is supplementary warranty?

What is supplementary warranty?

Supplementary assurance is when the Lessor or a third party can be providing a assurance for repairs that covers the period whilst the manufacturer's warranty expires until the quit of the rent term.

What does the minimum insurance coverage include?

What does the minimum insurance coverage include?

The Lessee must be insured for physical damage and assets damage with the minimum quantity of insurance.

what's the most deductible for collision insurance?

what's the most deductible for collision insurance?

The Lessee must have collision insurance coverage with a maximum deductible amount as set by the Lessor.

what is the most deductible for fire and robbery insurance?

what is the most deductible for fire and robbery insurance?

The Lessee should have complete fireplace and robbery insurance coverage with a most deductible amount as set by means of the Lessor.

what's gap coverage?

what's gap coverage?

Gap coverage is an agreement by the lendor or a third party to cover the gap amount if your vehicle is stolen or totaled. Gap amount. The gap amount is typically the amount by which the early termination payoff, not including any past-due amounts, exceeds the insured value of your vehicle.

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