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 Contract With Option In Wake
Category:
State:
Multi-State
County:
Wake
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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In this comprehensive guide, we will walk you through the essential steps to create your very own rental vehicle agreement template. 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. If you're leasing a vehicle, most finance companies will include a buyout option as part of your lease agreement. Get easy, breezy rental agreements for your customers in minutes with our free template. Click that download button now and get those wheels spinning! The printed lease form must be labeled "lease agreement," "retail lease agreement," or "motor vehicle lease agreement. Many rental companies have a 'hire full, return empty' policy, which means that you'll be forced to pay for a full tank whether or not you've used it. Full insurance and low deposit options available. Subject to residency restrictions.