HomeMy WebLinkAboutDELLENBACH MOTORS - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY 2003 ASTRO 7988MOTOR VEHICLE
Lessor:
Lessee:
LEASE AGREEMENT
DELI NBACH MOTORS
CITY OB FORT COLLINS
CLOSED -END
PO BOX 271065
215 N MASON
MONTHLY PAYMENTS
FT. COLLINS CO. 80527
FT. COLLINS CO. 80521
DL#
Lease Arranger (if applicable):
State: Date DL issuedLessee:
Lease Data
DI
State: Date DL issued'.
1. DESCRIPTION OF LEASED VEHIOLE: QBDdew LJ Used
z. ucrlNIt nuns: You, yourand "Lessee" mean each person or legal entity, jointly and individually, who signs this Lease agreement as the "Lessee." "We,"
our, "is" and "Lessor' ..an the Lessor who signs this Lease agreement and its successors and assigns. The Lease Arranger, if one is Identified above,
helped arrange this Lease, but is not a party to the actual Lease contract. Disclosures in this Lease are made on behalf of the Lessor and any Lease Arranger.
3. AGREEMENT TO LEASE: You agree to lease the motor vehicle described in section t ("Vehicle") from us according to the terms included on all three ppages
of this lease agreement ("Lease"). The Federal Consumer Leasing Act Disclosures are also contract terms of this Lease agreement except for sections 7, B°(b)
and 10 which are made for disclosure purposes only.
Federal Cnnaumer 1 anainn Ant fliarina urns
4. Amount Due
5. Monthly Payments
6. Other Charges
7. Total of Payments
at Lease Signing
Your first Monthly Payment of $ 738.45
(not part of your Monthly Payment)
amount you
or Delivery
(itemized Below)'
09-12-02
is due on followed by
23 738_45
Disposition Fee (if you do
have paid b the end of
p y
the Lease)
payments of $
not purchase the Vehicle) $—N!A
due on the 12TH day of each month beginning
$
$ 747.95
. The total of your
Monthly Payments d $ 17722.80
$
Total $ N/A
$ 17732.30
S.. 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 s N/A (1) Net trade-in allowance $N/A
(2) First Monthly Payment 738.4R (2) Rebates and noncash credits
(3) Refundable Security Deposit MIA (3) Amount to be paid in cash
(4) Title fees q.FO (4) Total $ 747_95
(5) Registration fees N/A
(6)
(7)
(8)
(9) Total $747. 5
9. Your Monthly Payment Is Determined as Shown Below:
(a) Gross Capitalized Cost. The agreed upon value of the Vehicle IS 26600.On ) and any items you pay
over the Lease Term (such as service contracts, insurance and any outstanding prior credit or lease balance) ._.................... $ 26600 00
If you want an itemization of this amount, please initial here: (Lessee initials)
(b) Capitalized Coat Reduction. The amount of any net trade in allowance, rebate, noncash credit or cash
you pay that reduces the Grass Capitalized Cost ...... ... ...._..... .......... .............. . ............... ....... ............... .. ........_ --N/A
(c) Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment .................................... _................ _-26600._.99___
(d) Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment._.. .......... _..,........
(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 ......................... ...... 17722.80
(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
0 Monthly Sales/Use Tax. ........ ...............
(k)
............ +
(I)
(m) Total Monthly Payment ........... ._._........... ... _. ._._ $ 718.49
10. Early Termination. You may have to pay a substantial charge If you and this Lease early. The chart e b uo l 1
house ud-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 30000
miles per year at the rate of .15 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 $ 12500.00 plus the following additional costs and fees:
This purchase option price does not inclutla 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 on early termination, purchase options and maintenance responsibilities,
warranties, late and default charges, insurance and any security interest, if applicable.
means estimate
PA Notice: If you do not meet your contract obligations, you may lose the Vehicle and the right to use it under this Lease.
AK and SO Notice: If this Lease is for a 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) $
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MOTOR VEHICLE LEASE AGREEMENT CLOSED -END MONTHLY PAYMENTS
21. 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 all other taxes, fees and
charges imposed by government authorities In connection with the
Vehicle and this Lease during the Lease Term, except our Income taxes.
If such amounts are assessed for a period during the Lease Term, you will
pay them even it 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 tax is assessed.
The total E5SIMATEO 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 amounts
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 B(a)(3)), 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 due. After 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 tease 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 resumed 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 end of the
schetluletl 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
days alter it 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
31. NOTICES: Unless otherwise required by law, you agree that any notice
we provide you will be reasonable and sufficient if a 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 records. 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, you 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 (IF 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; ma is for a consumer or agricultural
purpose subject to West Virginia law; to) is for a new consumer vehicle
subject to Vermont law; Or (d) 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 fees and charges then due or past due under the Lease;
and led
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 and 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
days 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 atransfer that is otherwise prohibitetl. 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 Beuthe Vehicle
of coverage, primarily for personal, family or household purposes unless you initial below:
The charge is $ for this coverage. The Vehicle will be used primarily
Your signature below means you want the described Service Contract In,i als for business, commercial or
and that you received and reviewed a copy of if. If no coverage or agricultural purposes.
charge is given above, you have declined any such coverage we O are of
37. ENTIRE AGREEMENT: This Lease contract contains your and our
Lessee signawre
Lessee 6ignamra
entire agreement. There are no unwritten agreements regarding this Lease
(b) CREDIT INSURANCE: Credit life and credit disability (accident and
contract. Any change to this Lease contract must be in writing and signed by
you and by us.
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. It you want such insurance from or through us, we will
-
�X
obtain it for you (if you qualify for coverage). We are quoting below
Lessee �9nature
Lessee Sgn t
ONLY the coverages that you have chosen to purchase.
Credit Life: Insured
38. LESSEE SIGNATURE(S); YOU AGREE TO ALL THE PROVISIONS
El Single El Joint Prem. $
ON PAGES 1 THROUGH 3 OF THIS LEASE. YOU HAVE READ PAGES 1
_Term
THROUGH 3 OF THIS LEASE AND ACKNOWLEDGE RECEIVING A
Credit Disability: Insured
COMPLETED COPY OF THIS LEASE.
❑ Single ❑ Joint Prem. $ Term
Your signature below means you want (only) the insurance coverages)
Lessee:
quoted above. If none are quoted, you have declined any coverages we
offered. A description of these coverages may be found in the insurance
��(
Date:
information we provided to you separately.
Lessee Signature
Lessee signature
Title (business leases):
Le
(c) 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 fears $
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.
saee.
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 state of his/her residence.
(b) Assignment. Lessor assigns this Lease and all rights and title to the
Vehicle to the Assignee identified below (if any):
Assignee Name:
Address.
This assignment is subject to any separate Assignment Agreement
Lessee Signature
Lessee Signature
between the Lessor and Assignee.
Lessor:
30. INDEMNITY: To the fullest extent permitted by law and unless otherwise
Date:
prohibited by law, you agree to indemnify and hold us harmless and our
X
successors and assigns from all liability, claims, losses, demands, damages
Title:
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 True lease/Initial term over 4 months
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