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.
Lease Agreement Vehicle Contract For Own In Riverside
Category:
State:
Multi-State
County:
Riverside
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.
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During the lease term, you will be responsible for completing scheduled maintenance. Make sure you have a clear Vehicle Leasing Agreement.The printed lease form must be labeled "lease agreement," "retail lease agreement," or "motor vehicle lease agreement. Use this form to certify sale price for sales tax calculation when vehicle, vessel, etc. Is transferred in a casual sale or as a gift. Download. A California lease agreement allows a landlord of residential or commercial property to write a legally binding rental contract with a tenant. While hiring an attorney is always advisable for reviewing a lease agreement, some landlords and tenants may want to draft their own documents. We have no way of knowing why the contract was rewritten. Why not call the dealer and inquire? I was comparing CAR and CAA leases today.