Cadillac Lease Agreement

When it comes to leasing a luxury car like a Cadillac, it is important to understand the terms and conditions of the lease agreement. A Cadillac lease agreement outlines the responsibilities of both the lessee and the lessor, including payment terms, mileage restrictions, and required insurance coverage.

Payment Terms

The lease agreement will outline how much you need to pay each month, including any fees and taxes. It`s important to review this information carefully and to ensure that you can comfortably afford the payments before signing the lease agreement. In addition, you may be required to make a down payment at the beginning of the lease, which will be applied to the total cost of the vehicle.

Mileage Restrictions

Most lease agreements come with mileage restrictions, which limit the number of miles you can drive per year. Exceeding this limit can result in additional fees at the end of the lease. It`s important to review the mileage restrictions in your lease agreement and to keep track of the miles you drive each year.

Required Insurance Coverage

When leasing a Cadillac, you will be required to have certain types of insurance coverage. This typically includes liability insurance, collision insurance, and comprehensive insurance. It`s important to review the insurance requirements in your lease agreement and to make sure you have the appropriate coverage before driving the vehicle.

End-of-Lease Terms

At the end of the lease agreement, you will need to return the vehicle to the lessor or renew the lease. If you choose to return the vehicle, you may be responsible for any excess mileage or damage that occurred during the lease period. Some lease agreements also include a purchase option, which allows you to buy the vehicle at the end of the lease term.

In conclusion, when leasing a Cadillac, it`s important to carefully review the lease agreement and understand your responsibilities as a lessee. Working with an experienced leasing agent can help ensure that you are getting a fair deal and that you have the coverage you need to drive with confidence.