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Automobiles:

Keys To Vehicle Leasing

Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of a vehicle lease. This information will help you compare lease offers and negotiate a lease that best fits your needs, budget, and driving patterns.

This consumer guide is for a closed-end lease, the most common type of vehicle lease. With a closed-end lease, you may return the vehicle at the end of the lease term, pay any end-of-lease costs, and walk away. The sample leasing form shows the types of information the dealer or leasing company must give you before you sign a lease. "Leasing language" gives definitions of terms associated with vehicle leasing.

 

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Table of Contents

Ownership

Up-front Costs

Monthly Payments

Early Termination

Vehicle Return

Future Value

Mileage

Excess Wear

End of Term

Costs

Compare

Rights & Responsibilities

 

Source: General Services Administration

 

 

 

 

 

   

2003 Consumer Guides at consumer-guides.info (Automobiles)