What Happens If I Have an Accident in a Leased Car?

Answer

When your leased car is involved in an accident, the terms of the lease agreement will determine what you are required to do, including your obligations to the leasing company. What will probably happen is that you will have to document the damage to your car and report it to the company. They will send you a bill. If there's a big enough gap (or if the car is totaled), an insurance company will be on the hook for it.
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