HomeMy WebLinkAboutDELLENBACH MOTORS - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY 2003 ASTRO 8714VEHICLE
Lessor:
LEASE AGREEMENT
DELLENBACH MOTORS
OLLINS
CLOSED -END
PO BOX 271065
LARIMER
MONTHLY PAYMENTS
FT COLLINS CO 80527
S.00 80521
7MOTOR
7State:Date
Lease Arranger (it applicable):
DL issued:
Lease Date
DLN
Sttate: Date DL issuetl
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2. DEFINITIONS: "YOU." "your and -Lessee" mean each person or legal entity Jointly and Individually, who signs this Lease agreement as the "Lessee." "We;'
our, 'us" and "Lessor' mean the Lessor who signs this Lease agreement and its successors and assigns. The Lease Arranger, it one is identified above,
helped arrange this Lease, but is not a parry to the actual Lease contract. Disclosures in this Leese are made on behalf of the Lessor and any Lease Arranger.
3. AGREEMENT me LEASE: You agree to lease the motor vehicle described in section 1 ("Vehicle") from us according to the terms included on all three ppopes of this lease agreement oLease"). The Federal Consumer Leasing Act Disclosures are also contract terms of this Lease agreement except for sections 7, F(b) and 10 which are made for disclosure purposes only.
4. Amount Due
at Lease Signing
5. Monthly Payments
5. Other Charges
]. Total of Payments
y
or Delivery
Your first MonthlyPa mant of $
yy 738 45
9/12/02
(not pan of your Monthly Payment)
(The amount you will
(Itemized Below)-
is due on followed by
23 of 738.45
payment, $
Disposition Fee (if you tlO Cosa
have paid by the end of
the Lease)
due on the 12th day of each month beginning
not purchase the Vehicle) $
$
$ 747.95
The total of your
MonNly Payments is $ 17722.80
$
Total $ n/a
$ 112g2.1O
B.. Itemization of Amount Due at Lease Signing or Delivery
(a) Amount Due At Lease Signing or Delivery: (b) How the Amount Due at Lease Signing or Delivery Will Be Paid:
(1) Capitalized Cost Reduction $ N/A (1) Net trade-in allowance $ N/A
(2) First Monthly Payment 738.45 (2) Rebates and noncash credits
(3) Refundable Security Deposit N/A Amount to be paid in cash
(4)
(4) Title fees 9.50 (4) Total $ 797.95
(5) Re istration fees
(7) N/A N/A
(B) N/A
(9) Total s 797.95
9. Your Monthly Payment is Determined as Shown Below:
(a) Gross Capitalized Cost. The agreed upon value of the Vehicle (s 2660p 00 ) and any items you pay
over the Lease Term (such as service contracts, insurance and any outstanding prior credit or lease balance) ............ .............. $ 26600.00
It you want an itemization of this amount, please initial here: (Lessee initials)
(b) Capitalized Cost Reduction. The amount of any net trade-in allowance, rebate, noncash credit or cash
you pay that reduces the Gross Capitalized Cost ... ... ............ ...... -... ,...... ... ....... ....... ._.................. ... .................. _....... ........ ....... - N/A
(c) Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment ........................
......................... = 266n0 nn
.......
(d) Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment__..... .......... ........... - 12000.00
(a) Depreciation And Any Amortized Amounts. The amount charged for the Vehicle's decline in value through
normal use and for other items paid over the Lease Term ... ........... ........................................_._.....................,.._.........................=14600.00
(f) Rent Charge. The amount charged in addition to the Depreciation And Any Amortized Amounts ................................................ + 3122.80
(g) Total of Base Monthly Payments. The Depreciation And Any Amortized Amounts plus the Rent Charge ......... ............ ....... ..... = 72 • 80
(h) Lease Payments. The number of payments in your Lease. This is also the number of months in your Lease ("Lease Term')_. - 24
(i) Base Monthly Payment . ...... ...... .... ......._....... ....... ....- ... ............................. 738.45
........ .....
a Monthly Sales/Use Tax. , .. ... ... _...........
0) ... I ...... . + N/A
P)
(m) Total Monthly Payment. ....... $
10. Early Termination. You may have to pay a substantial charge If you end this Lease early. The charge may be up to several
thousand dollars The actual charge will depend on when the Lease Is terminated. The earlier you end the Lease, the greater
this charge is likely to be.
11. Excessive wear and use. You may be charged for excessive wear based on our standards for normal use and for mileage in excess of 300000
15
miles per year at the rate of • per mile (EXCESS MILEAGE CHARGE).
12. Purchase Option at End of Lease Term.
❑ You do not have an option to purchase the Vehicle at the end of the Lease Term.
❑ You have an option to purchase the Vehicle at the end of the Lease Term for $ 12000-OD
plus the following additional costs and fees:
This purchase option price does not include official fees such as for taxes, tags, licenses and registration, which you will also be required to pay.
13. Other Important Terms. See your Lease documents for additional information an early termination, purchase options and maintenance responsibilities,
warranties, late and default charges, insurance and any security interest, if applicable.
means estimate
•--••-_ r�� uem your conuam oougaucos, you may lose the Vehicle and the right to use it under this Lease.
AK and SD Notice: i this Lease is fora consumer purpose, then this Lease is CONSUMER PAPER.
14. DESCRIPTION OF TRADE-IN: Make: Year: Model
Outstanding Prior Credit Or Lease Balance on Trade -In (if any) $
Consumer or Business Purpose True lease/initial term over 4 months
......n1 c System', Inc., St Cloud, MN Farm Mv' CE MP InIseen �
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MOTOR VEHICLE LEASE AGREEMENT CLOSED -END MONTHLY PAYMENTS
2T
TITLING, OFFICIAL FEES AND TAXES: You understand and agree that
this agreement is a lease only. We own the Vehicle, and it will be titled in our
name or in the name of our assignee. You have no ownership interests in the
Vehicle except for any future options to purchase provided in this Lease. You
agree to pay all title, registration, license, sales, use, excise, personal
property, ad valorem, inspection, testing and ell other taxes, fees and
charges imposed by government aulhorities in connection with the
Vehicle and this Lease during the Lease Term, except our Income taxes.
II such amounts are assessed for a period during the Lease Term, you will
pay them even if they become due after the Lease Term. We may, at our
discretion determine the timing and procedures for payment of these
amounts. You will promptly pay these amounts as they come due unless
otherwise indicated in this Lease. The actual total of official fees and taxes
that you pay may be higher or lower than our estimate depending on the tax
rates in effect or the value of the Vehicle at the time a fee or lax is assessed.
The total ESTIMATED amount you will pay for official and license
fees, registration, title, and taxes over the entire term of the Lease,
whether Included with your Monthly Payments or assessed otherwise, is
28. ADDITIONAL FEES AND CHARGES: In addition to the other amount.
promised in this Lease, you agree to pay the following:
(a) SECURITY DEPOSIT: It included in the itemized Amount Due At Lease
Signing or Delivery section (section 0(a)(3)L you will give us a refundable
Security Deposit in the amount indicated. It may be used to pay any
amount that you do not pay when tlue. Alter all your obligations are paid
under this Lease, we will return any remaining amount to you. Unless
Prohibited, you will not be entitled to interest on your Security Deposit or to
any other benefit, increase or profits that accrue to us as a result of
holding the Security Deposit No Security Deposit will be collected if this is
a consumer -purpose Lease governed by the law of West Virginia.
(b) VEHICLE RETURN FEE: You will pay us a Vehicle Return Fee of
$ it this Lease is terminated before the end of the
scheduled Lease Term and the Vehicle is returned to us or to our agents. This
Fee will not apply if the Lease ends early by your purchase of the Vehicle.
(c) DISPOSITION FEE: You will pay us a Disposition Fee of
$ when you return the Vehicle at the antl of the
scheduled Lease Term. This Fee will not apply if the Lease ends early or if
you buy the Vehicle at the end of the Lease Term (if you have that option).
(d) LATE CHARGE: Unless prohibited, you will pay us a Late Charge of
for any Monthly Payment that is not paid in full within
d n
ays a ent is due.
29. VOLUNTARY ADDITIONAL PROTECTIONS: You may buy any of the
following VOLUNTARY protection plans. They are not required as part of this
Lease and will NOT be a factor In our decision to lease the Vehicle to you.
(a) SERVICE CONTRACT: You may, but are not required to, purchase a
Service Contract to cover
. The Service
Contract will be in effect for
(b)
(c)
31. NOTICES: Unless otherwise required by law, you agree that any notice
we provide you will be reasonable and sufficient if it is sent by first class mail,
addressed to you at the address given in this Lease or to your last known
address as reflected in our retards. You will notify us in writing within 30 days
of any change in your address or where the Vehicle is garaged.
32. WARRANTIES: The Vehicle is subject to the following express
warranties that apply to this Lease;
❑ (a) The standard written manufacturer's warranty. This warranty is made
by the manufacturer and NOT by the Lessor.
❑ (b)
By signing this Lease, yen acknowledge receiving a copy of the above written
warranties. YOU UNDERSTAND THAT WE (THE LESSOR) MAKE NO
EXPRESS OR IMPLIED WARRANTIES OTHER THAN THOSE DESCRIBED
IN SUBSECTION (b) OF THIS SECTION OF ANY). EXCEPT AS REQUIRED
BY LAW, LESSOR MAKES NO IMPLIED WARRANTY OF
MERCHANTABILITY AND NO WARRANTY THAT THE VEHICLE IS FIT
FOR A PARTICULAR PURPOSE. Except as provided above, you will take
the Vehicle AS IS and WITH ALL FAULTS. We do not exclude any
warranties of merchantability and fitness for a particular purpose if this Lease:
(a) is subject to Massachusetts law; (b) is for a consumer or agricultural
Purpose subject to West Virginia law; (c) is for a new consumer vehicle
subject to Vermont law; or PH is for a consumer purpose subject to
Connecticut law.
33. OPTION TO PURCHASE BEFORE THE END OF THE LEASE TERM:
You have the option to purchase the Vehicle any time after
months of this Lease as long as we have not declared the Lease to be in
default, You must give us at least 30 days prior notice of your intent to
purchase. The Vehicle sale price will be the sum of: (a) All officials' fees,
taxes and other costs incurred for the purchase (or to prepare the Vehicle for
purchase) and all other lees and charges then due or past due under me Lease;
and (b)
34. OPTION TO PURCHASE AT THE END OF THE LEASE TERM: The
Purchase Option at End of Lease Term section in the Federal Consumer
Leasing Act Disclosures (section 12) describes your option to purchase the
Vehicle at the end of the scheduled Lease Term (if any) and the Vehicle's
Purchase price. If you have the option, it is available only if we have not
already declared the Lease to be in default. You also must give us at least 30
day. prior notice of your intent to purchase.
35. ASSIGNMENTS AND TRANSFERS: We may sell, assign or in any
other way transfer our rights and responsibilities in the Vehicle and this
Lease.
YOU WILL NOT SUBLEASE THE VEHICLE, ASSIGN, PLEDGE OR
PERMIT A SECURITY INTEREST TO BE CREATED IN, OR IN ANY
OTHER WAY TRANSFER YOUR INTERESTS OR RESPONSIBILITIES IN
THE VEHICLE AND IN THIS LEASE. We may, at our discretion, give you
permission to make a transfer that is otherwise prohibited. Such permission
must be given in writing prior to any transfer.
and will provide up to 36. PRIMARY USE OF THE VEHICLE: You intend to use the Vehicle
primarily for personal, family or household purposes unless you initial below:
of coverage.
The charge is $ for this coverage.
Your signature below means you want the described Service Contract
and that you received and Feel ewetl a copy of it. If no coverage or
charge is given above, you have declined any such coverage we offered.
Lessee Signature Les see Signature
CREDIT INSURANCE: Credit life and credit disability (accident and
health or accident and sickness) Insurance are not required as part
of this Lease and will NOT be a factor in our decision to lease the
Vehicle to you. If you want such insurance from or through us, we will
obtain it for you (if yen quality for coverage). We are quoting below
ONLY the coverages that you have chosen to purchase.
Credit Life: Insured
❑ Single ❑ Joint Prem. $ Term
Credit Disability: Insured
❑ Single ❑ Joint Prem. $ Term
Your signature below means you want (only) the insurance coverage(,)
quoted above. If none are quoted, you have declined any coverages we
offered. A description of these coverages may be found in the insurance
information we provided to you separately.
Lessee 3ignalure Lessee Signature
GAP WAIVER OR GAP COVERAGE: You are liable for the early
termination charges in section 24 if this Lease ends early because
the Vehicle is stolen and not recovered, or is lost or destroyed, or is
damaged and we determine that it cannot or should not be repaired.
On such termination, the amount of insurance proceeds we receive
from or through you for the Vehicle may not be enough to pay the
early termination charges. This difference is generally referred to as
the "Gap" amount. You may, but are not required to, purchase a Gap
Waiver or Gap Coverage Contract ("Gap Product") to help cover the
"Gap- amount subject to the specific conditions and limitations in the
separate Gap Product, The Gap Product will be in effect for
the entire scheduled Lease Term and will provide up to
of coverage. The Gap
Product fee is $
Your signature below means you want the described Gap Waiver or
Coverage Contract for the stated additional fee and that you received
and reviewed a copy Of it, If no coverage or fee is given above, you have
declined any such coverage that we offered.
Lessee S,rature I IL.... Signature
30. INDEMNITY: To the fullest aslant permitted by law and unless otherwise
prohibited by law, you agree to indemnify and hold us harmless and our
successors and assigns from all liability, claims, losses, demands, damages
of all kinds, expenses, (including reasonable legal fees and expenses, unless
prohibited), fines and penalties we suffer or incur resulting from the
Possession, operation, condition, maintenance or use of the Vehicle during
the Lease Term.
Consumer or Business Purpose Tmelaasellnilial term over 4 months
�re ®lea, eenNerH Systems, Ina., et, Olcud an Farm MVL-cr-MP Ill V2Ma
$$ j The Vehicle will be used primarily
ass4e Initials for business, commercial Or
agricultural purposes.
37. ENTIRE AGREEMENT: This Lease contract contains your and our
entire agreement. There are no unwritten agreements regarding this Lease
contract. Any change to this Lease contract must be in writing and signed by
you and by us.
k� �X
Lessee Signature TY L Sg t
38. LESSEE SIGNATURES): YOU AGREE TO ALL THE PROVISIONS
ON PAGES 1 THROUGH 3 OF THIS LEASE, YOU HAVE READ PAGES 1
THROUGH 3 OF THIS LEASE AND ACKNOWLEDGE RECEIVING A
COMPLETED COPY OF THIS LEASE.
Lessee:
�� Data
Title (business leases)'
Lessee:
�f( Date:
Title (business leases):
39. LESSOR SIGNATURE: By signing below, Lessor agrees to the terms
and conditions of this Lease and provides,
(a) Lessee DL Inspection. The Lessor inspected each Lessee's driver's
license and compared and verified the signature on each license with a
signature of each Lessee, written in Lessor's presence. Lessor believes
that each Lessee providing such information is currently licensed to drive
by the slate of his/her residence.
(b) Assignment. Lessor assigns this Lease and all rights and title to the
Vehicle to the Assignee identified below (It any):
Assignee Name:
Address:
This assignment is subject to any separate Assignment Agreement
between the Lessor and Assignee.
Lessor:
Date:
Title:
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