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.
Driving A Rental Car Without Being On Contract In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00400BG
Format:
Word;
Rich Text
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.
Free preview
Form popularity
FAQ
You must add all extra drivers to your rental contract, in order to make sure everyone is covered by the insurance policy. If another person drives the rental but is not down as an additional driver, you will void the rental agreement and the insurance company may refuse to cover any physical damage to the vehicle.
Yes, a different driver can return a rental car, but they must be listed as an additional driver on the rental agreement. If the person returning the car is not listed, the rental company may not allow it, or you could face penalties.
More info
When you rent a car you sign a contract that specifies who is allowed to drive the rental car. No one else is legally allowed to drive it.That is, the delivery will allow the renter to complete any necessary paperwork at the point of delivery (office or home) and depart from that location. The US Government Rental Car Program offers reduced rates and special benefits when renting cars, passenger vans, or sport utility vehicle (SUV) The driver will need to possess a valid driver's license, be at least 25 years of age and be subject to any applicable driving record check. Local car rentals usually allow at least one extra driver for free, but the standard requirement is for both drivers to show up at the rental desk. Any additional authorized drivers must appear at time of rental and meet age and driver's license requirements. A rental vehicle company shall not charge more than the following amounts per full or partial twentyfour hour rental day for optional vehicle protection. The primary renter must fill out a non-licensed renter form, and the driver needs to present their license and be at least 25. Friend or Extended Family Member.