When it comes to leasing a car, you have to understand that you do not have all the comforts that come with an owned car. There are limitations to which you will have to use the leased car. And you will always have to stay within the guidelines of the leasing company’s agreement. If you are a stylish car person, you might just want to modify the car to match your personality. So can you modify a leased car? Here is all you will need to know about modifying a leased car.
As an adult, you will need a car these days to keep up with the pace of the modern world. A car not only saves your valuable time avoiding the hassles of walking to the office. Or certain places or waiting for a bus or train. But also gives you a classy look and your choice. And the look of your car defines your personality.
Many people like to modify their cars to match their stylish needs or even just show off. But not everyone has the budget to buy their own car. Many people in the US have the option to lease a car under limited conditions. And use it as per the lease agreements. But here comes the question, can you modify a leased car?
So, The Question Is Can you actually modify a leased car?
Well, the answer is Yes, you can able to modify a leased car. But the condition that gets applied is that the modifications should be temporary. And should not harm the physical structure of the car once you have to return it and have to remove the modifications.
By temporary modifications, we mean that you can use stickers, seat covers, etc to modify it. And when you will have to return the car, just make sure those changes do not hurt the physical structure of the car.
To Learn What are the consequences if you modify a leased car?
Well, in case you have made permanent modifications or your temporary modifications have damaged the car, firstly get that there will be major consequences. These are a few of them-
1) The leased company can ask you to buy the car as the structure of the car is now unsuitable for their other clients.
2) The warranty of the car gets void once you modify it.
3) You have to pay penalties to the car leasing company for breaking certain clauses in the lease agreement.
4) In case you refuse to pay penalties or buy the car, the car leasing company can file a lawsuit against you.
Is it beneficial to modify a leased car?
Do many people ask if it is even worthy to modify a leased car? Well, I would say no it’s not. But in case you are planning to buy the car after the lease agreement expires, then go ahead and do it.
But if you are just planning to rent it or lease the car for a while and give it back, it is a complete waste of time and money. Also, it will put a dent on your leasing record, thus any other company will hesitate to lease you any kind of vehicle.
Basically many people in the US only lease a car to use it until they have enough funds to buy their own car. And they usually return the leased car or even sometimes buy it. But if you are not planning to buy the leased car, do not try to modify and waste your money. You have worked hard for that. And you can actually customize or modify your owned car at your convenience without caring about anyone or anything.
See Also…
How long should you keep tax returns (Both Foreign & Domestic Income)(Opens in a new browser tab)
How to start a car rental business(Opens in a new browser tab)