FAQ
Who is the owner of the leased vehicle?
The owner of the vehicle is the leasing bank. The lessee is only the owner of the leased vehicle. This means that although the lessee has the vehicle within its sphere of influence and can access it, it belongs to the leasing bank.
Who do I have to report the damage to?
After a traffic accident with a leased vehicle, you must always contact the leasing bank immediately and inform them about the damage, because they are the owner of the vehicle.
How is a leased vehicle regulated?
In principle, the owner, i.e. the leasing bank, is entitled to reimbursement of the damages incurred as a result of the accident. However, it is important to check the leasing contract, because in most cases this will oblige the lessee to take care of the settlement and the repair.
Can I repair without the leasing bank knowing?
No, the leasing bank must first be informed of the damage incident and also of any planned repair. In order for repairs to be carried out, the leasing bank must approve the repair. The insurance company will also require the leasing bank's repair approval before it will settle the claim.
How is the loss of value due to the accident dealt with?
The loss in value, or depreciation, is due to the owner of the vehicle. The leasing bank is therefore entitled to reimbursement of the depreciation from the opposing insurance company. The lessee is not entitled to this claim.
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