FAQs
Who is CULA?
CULA is the lessor and the owner of your vehicle. The financial institution is the lender on your vehicle.
CULA is the lessor and the owner of your vehicle. The financial institution is the lender on your vehicle.
As the lessee you are responsible for taxes and other government fees (i.e. parking tickets, registration, excise, etc.)
Your leased vehicle cannot be taken to Mexico at any time, not even if you purchase additional insurance. Your leased vehicle may only be taken to Canada if you receive written authorization from CULA in advance, and acquire the appropriate insurance.
As the lessee, you are responsible for all dealer recommended maintenance as well as any repairs beyond normal wear and tear. Your lease contract has additional details.
When CULA has accepted delivery of the vehicle you can drop your insurance coverage. CULA cannot accept delivery of your vehicle until all payments have been completed with the financial institution. If you or a dealer buys the vehicle then you can drop insurance when the title changes.