Leasing an ATV, or all-terrain vehicle, is similar to leasing an inexpensive automobile. You are placed on a payment plan where you must make every payment for a specific period of time, which is typically a few years. Once the lease is up, you can either opt to pay a specified amount to purchase the vehicle or simply continue leasing a different ATV.
1. Select the make and model of ATV you want to lease. Most facilities that sell and lease ATVs have a specific price per month listed for the ATV.
2. Pay the down payment for the ATV. This down payment is less than that for a standard car and is only a few hundred dollars. Often the down payment is the same as your monthly payment. If you don’t have enough money for the initial down payment, you may need to secure a personal loan from a bank.
3. Sign the lease agreement paperwork. Once you sign the contract, you are locked into the payment plan for the specified amount of time. Trying to break the lease beforehand can result in a hefty penalty.
4. Make your payments every month–don’t be late. Making a late payment can result in an increase of your future payments.
5. Stay under the amount of mileage you are allowed to drive on your vehicle. Exceeding the miles on your ATV before the lease expires can also result in a penalty or automatically renew the lease.