Like loans and cash purchases, leases require you to pay for costs associated with operating, maintaining and repairing vehicles.

Lease Payments
The lease agreement will itemize the following information regarding your periodic payments: Total number of payments, total amount of the payments, amount of each payment, due dates for the payments, late-payment charge, and how it is calculated.

Insurance
As with any vehicle, your lease contract will require you to obtain automobile insurance and will specify the type of coverage necessary.

Repairs & Maintenance
"Normal wear and tear" and "reasonable maintenance" provisions allow Signature Auto Leasing to make a more accurate assessment of the residual value for your lease. To help properly maintain your new vehicle, you will receive a factory warranty. Warranty repairs can be performed at the dealership of your choice. Since warranty terms vary greatly by vehicle, you should follow the specified maintenance schedules to keep the warranty coverage in tact. You should also make other repairs as needed. Properly maintaining your vehicle will make it hold more of its original value at the end of the lease.