Injured? call for a free consultation
English (877) 278-6890
ESPAÑOL (800) 448-3441
Tagalog (888) 909-0900

Injured? our attorneys can help you.

What Happens If I Total A Leased Car In Los Angeles?

Excellent Service. Positive Reputation. Great Results. The insurance companies don't have your best interest at heart – We do. Why fight alone? Let's fight together.

When leasing a car, you are essentially borrowing the vehicle for a set period and making regular payments to the leasing company. But what happens if you get into an accident and your leased car is totaled? And specifically, what happens if this occurs in the city of Los Angeles?


Firstly, it's important to understand what is considered a "total loss" for a leased car. In general, a total loss is when the cost of repairs exceeds a certain percentage of the car's value. This percentage can vary depending on the leasing company and your specific lease agreement.


Now, if you are involved in an accident that results in a total loss of your leased car, your insurance company will typically cover the cost of the car's value at the time of the accident. This is known as "gap coverage" and is specifically designed to protect you in this type of situation.


But what about any remaining lease payments? In most cases, you will still be responsible for making these payments until the end of your lease term. However, some leasing companies may offer "lease forgiveness" or "total loss protection" as an add-on to your lease agreement. It's important to carefully review your lease contract and speak with your leasing company to understand any potential options.


Now, let's specifically address what happens if this occurs in the city of Los Angeles. As a major metropolitan area with a high population and heavy traffic, accidents can unfortunately be a common occurrence. However, if you are at fault for the accident and your leased car is totaled, you may face additional penalties from the city.


For example, in Los Angeles, you must report any accident involving property damage or bodily injury that exceeds $1,000 to the California Department of Motor Vehicles (DMV) within 10 days. Failure to do so can result in a suspension of your driver's license.


Additionally, if you are leasing a car in Los Angeles and are involved in an accident, you may face the possibility of higher insurance premiums. This is because insurance companies take into consideration factors such as location and driving history when determining rates.


In conclusion, if you have a leased car in Los Angeles, it's important to understand the details of your lease agreement and potential options, such as gap coverage and lease forgiveness. Additionally, following proper reporting procedures and understanding potential consequences in the city of Los Angeles can help mitigate any further complications.


So, it's always important to drive safely and be prepared for unfortunate situations like this. Driving defensively, keeping up with regular car maintenance, and understanding your insurance coverage can all help protect you in the event of an accident. Stay safe out there on the roads!


Who Determines When A Car Is Totaled In Los Angeles?

In the city of Los Angeles, there are several parties involved in determining when a car is totaled. These parties include insurance companies, repair shops, and the Department of Motor Vehicles (DMV). Let's take a closer look at each of these parties and their roles in this process.


Insurance Companies

Insurance companies play a crucial role in determining when a car is totaled. When an accident occurs, the insurance company will assess the damages and estimate the cost of repairs. If the cost of repairs exceeds a certain percentage of the car's value (usually between 70-80%), then the insurance company will declare the car as "totaled" and provide the owner with a payout for the car's value.


It is important to note that insurance companies use their formula to determine whether a car is totaled or not. This formula may vary between different insurance companies, so it is always a good idea to check with your specific provider to understand their guidelines.


Repair Shops

After an accident, the damaged car will need to be brought to a repair shop for assessment and repairs. Repair shops play a critical role in determining the extent of damages and how much it will cost to fix them. They will provide an estimate for the repairs, which will then be sent to the insurance company for review.


In some cases, repair shops may also work directly with the insurance company to determine if a car is totaled. This can happen if the repair costs are close to the total value of the car, and the insurance company wants to ensure they are not overpaying for repairs.


Department of Motor Vehicles (DMV)

The DMV also has a role in determining when a car is totaled in Los Angeles. After an accident, it is important to report the incident to the DMV, even if it is a minor one. The DMV will keep track of all reported accidents and can flag a car as "salvage" or "total loss" if it has been in multiple accidents.


Additionally, the DMV may require certain paperwork and inspections before a totaled car can be declared salvaged or rebuilt. This is to ensure that the car is safe to drive and that all necessary repairs have been made.


As you can see, there are multiple parties involved in determining when a car is totaled in Los Angeles. Insurance companies, repair shops, and the DMV all play important roles in this process. It is crucial to follow proper procedures and report all accidents to the necessary parties to ensure a smooth and fair determination of a car's total loss status.


So, it is important to understand the responsibilities and guidelines of each party involved in this process to ensure a fair outcome for all parties involved. So, make sure to stay informed and follow proper procedures in case of an accident to resolve it efficiently.


What Should I Do After A Crash Involving My Leased Car?

Car accidents can be stressful and overwhelming, especially when you are driving a leased vehicle. Not only do you have to deal with potential injuries and damages, but now you also have the added stress of worrying about your lease agreement.


If you find yourself in this situation while driving in the city of Los Angeles, it's important to know what steps you should take to protect yourself and your leased car. In this guide, we will walk you through the actions you should take after a car accident involving your leased vehicle in the city of Los Angeles.


1. Stay Calm and Assess the Situation

The first thing to remember is to stay calm and assess the situation. Check yourself and your passengers for any injuries and call 911 if necessary. Then, check the condition of your leased vehicle and the other vehicles involved in the accident.


2. Gather Information

Next, gather important information from everyone involved in the accident. This includes names, contact information, driver's license numbers, insurance details, and vehicle registration information.


3. Take Photos and Document the Scene

It's important to document the accident scene by taking photos of the vehicles and any damages, as well as capturing the surrounding area. This can be used as evidence for insurance purposes.


4. Contact Your Insurance Company

After documenting the scene, contact your insurance company to report the accident. If you have leased your vehicle through a dealership, also let them know about the accident.


5. Follow Your Lease Agreement

It's important to follow the terms and conditions of your lease agreement when dealing with a car accident. Some agreements may require you to notify the leasing company within a certain amount of time or take specific actions after an accident.


6. Get a Repair Estimate

If your leased vehicle has been damaged in an accident, it's important to get a repair estimate from an authorized dealership or repair shop. This will help determine the extent of damages and any potential costs.


7. Consider Legal Assistance

If you have sustained injuries or significant damages, consider seeking legal assistance to protect your rights and ensure proper compensation.


Being involved in a car accident with your leased vehicle can be a stressful and complicated situation. However, by staying calm, gathering information, documenting the scene, and following the necessary steps outlined in your lease agreement, you can protect yourself and your leased vehicle.


Remember to always prioritize safety first and seek legal assistance if needed. Stay safe on the roads of Los Angeles. So, don't let a car accident in your leased vehicle ruin your day or your lease agreement.


Follow these steps and take the necessary actions to ensure a smooth process after the incident. Remember, safety should always be your top priority. Drive safely and responsibly in the city of Los Angeles. Let's keep our roads safe for everyone! We hope you never have to use this guide, but if you do, we hope it helps you navigate through a stressful situation with ease.


How Can A Los Angeles Personal Injury Attorney Assist Me In My Leased Car Accident Case?

A Los Angeles personal injury attorney plays a crucial role in cases involving leased car accidents. In this article, we will discuss the various ways in which an attorney can help you navigate through the legal process and get the compensation you deserve.


Understanding Leased Car Accidents

Before delving into the role of a personal injury attorney, it is important to understand what a leased car accident is. A leased car accident occurs when a driver who has leased a vehicle from a car dealership or leasing company gets into an accident. In such cases, the driver is not the legal owner of the vehicle and therefore, certain complexities arise in terms of liability and insurance coverage.


The Role of a Personal Injury Attorney

  • Investigating the Accident: The first and most important role of a personal injury attorney in a leased car accident is to thoroughly investigate the accident. This involves gathering evidence, conducting interviews with witnesses, and reviewing relevant documents such as police reports and insurance policies.
  • Determining Liability: In a leased car accident, it can be challenging to determine who is liable for the damages. A skilled attorney will analyze the evidence and determine if the driver, the leasing company, or any other party is responsible for the accident.
  • Negotiating with Insurance Companies: Insurance companies are known for trying to settle claims for as little money as possible. A personal injury attorney will use their knowledge and experience to negotiate with insurance companies on your behalf, ensuring that you receive fair compensation for your injuries and damages.
  • Litigation: In some cases, negotiations with insurance companies may not result in a fair settlement. In such situations, a personal injury attorney will take the case to court and fight for your rights as a victim of a leased car accident.
  • Providing Legal Guidance: Going through an accident can be overwhelming and confusing. A personal injury attorney will provide you with legal guidance and help you understand your rights, responsibilities, and options throughout the legal process.


In conclusion, a Los Angeles personal injury attorney is an invaluable asset when it comes to navigating through the complexities of a leased car accident. From investigating the accident to providing legal guidance, they will ensure that you receive fair compensation for your injuries and damages. If you have been involved in a leased car accident, it is highly recommended to seek the help of an experienced personal injury attorney.


So, make sure to do your research and find a reputable attorney who can help you get the justice you deserve. Remember, accidents happen, but with the right legal representation by your side, you can have peace of mind knowing that your rights will be protected. So, don't hesitate to reach out and get the help you need.


Top Personal Injury Lawyers in Inglewood

Recent Personal Injury Articles

Read More Articles

John C. Ye - Managing Partner

Serving diverse people who have been injured in Los Angeles and Throughout Southern California

At Law Offices of John C. Ye, A Professional Law Corporation, our attorneys work with a diverse population of people who have been injured and need to seek damages from the responsible parties.

Our Los Angeles car accident lawyers accommodate our diverse clientele by providing staff members who speak English, Spanish, Tagalog and Korean.

We will cater to your needs,  so your concerns will be heard and understood. We will help you get through this.
Contact John Ye
John C. Ye Personal Injury lawyer
serious injuries deserve a serious lawyer

We Fight The Insurance Companies, So YOU Don't Have To. We've Won 300+ Million in Damages for Our Los Angeles Area Clients.

We will help you identify all potentially liable parties and fight for the compensation you deserve to pay for medical care, along with compensation for your lost income, emotional distress, and other damages.

Request a case review
best reviews criminal defense

We Have Over 900+ Google Reviews with an Overall Rating of 4.9

Read More Reviews