This Lease is meant to be used by one individual dealing with another individual rather than a dealership situation. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Car Contract Hire And Leasing In Maryland - Lease or Rental Agreement of Automobile, Car, Truck, or Vehicle by Individual - Personal - Template
State:
Multi-State
Control #:
US-00400BG
Format:
Word
Instant download
Description
An "Automobile Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by a leasing company or bank ("financier") . It is usually prepared or provided by the automobile dealership. This type of Automobile Lease is one the methods by which an automobile may be financed. It allows the customer to drive an automobile by making monthly payments to the financier. The payments serve to compensate the financier for the depreciation in value of the automobile during the time it is being driven. The financier will also assess a monthly finance charge that is similar to interest on a loan. This compensates the financier for the use of their money that is tied up in the purchase of the automobile from a dealer. The financier or car dealership actually owns the automobile. The automobile is leased for a specific period of time and is typically returned to the car dealership at the end of that time.
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Refer to Md. Code Ann. Discover everything you need to know about leasing a car in Maryland, from expert tips to step-by-step guidance for an easy, affordable leasing experience.Maryland issues limited lines licenses to motor vehicle rental companies, including a franchisee of a motor vehicle rental company to sell insurance. The monthly cost to lease a Ford in Maryland is often significantly lower than purchasing a vehicle, so it can be a more affordable option for some lifestyles. Pick your new car from the above menu to see pricing or fill out the adjacent form for a quote. If you are looking for cars to lease for cheap in Baltimore, Maryland then the following list of the recommended cars may be a great help to you. Are you looking to lease a new Toyota car, truck, or SUV? Private car sale contract template. Moving violations – Guests will be contacted prior to the collection of fees for any moving violation incurred while in the rental vehicle. Rentals originating in the United States: Most vehicles rented in the US can be driven throughout the US and Canada.