No, it is not mandatoryto use a vehicle lease agreement. Two people can have an informal arrangement where one borrows the car from the other. However, though a vehicle lea… See more

A vehicle identification number, commonly referred to as a VIN, is a unique number assigned to every vehicle. The VIN is located in several places both on the vehicle as … See more

A security deposit is money paid upfront to the vehicle lessor that is then returned to the lessee if and when the vehicle is returned to the lessor in good condition. This mone… See more

GAP coverage is aform of insurance that covers the difference between the amount the lessee owes on the car loan and the car's estimated value. This is particularly helpful in c… See more