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.
Car Rental Agreements Terms And Conditions In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00400BG
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Word;
Rich Text
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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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You will pay the daily rate stated in the Agreement for each Day, or part of any Day, of the rental. The minimum charge is one Day, plus mileage or a fixed fee.Please read these terms carefully. The requirements and policies of the local rental office will control when different from those listed here. The credit or debit card must be in the renter who is collecting the vehicles name. Digital cards are not accepted. A welldrafted car hire contract agreement covers everything from rental duration and mileage limits to insurance coverage and potential fees. Have a question about renting with Dollar? Browse the information below to familiarize yourself with our general rental requirements and terms and conditions. Genesis of Southwest Houston knows that car lease agreements may seem complicated on the surface, but they don't have to be.