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 Washington
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
More info
Now as it applies to a rental car almost every rental car company requires any person who is going to drive the car be listed on the contract. It's a violation of a contract and is thus a civil matter.Learn how to get, renew, or update your registration to operate a rental car business. How can we help you today? I think it depends on jurisdiction and the state the vehicle is registered in etc. 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. At Budget, you cannot rent a car with a suspended, revoked, or expired license. Learn about the driver's license requirements for renting a car from Budget. I want to drive and use it going to Washington state for a 2 year work contract under TN status.