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HomeMy WebLinkAboutDELLENBACH MOTORS - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY 2003 ASTRO 8218MOTOR VEHICLE Lessor: Lessee: LEASE AGREEMENT DELLENBACA MOTORS CITY OF FORT COLLINS CLOSED -END PO BOX 271065 215 N MASON MONTHLY PAYMENTS FT. COLLINS CO. 80527 FORT COLLINS CO. 80521 DL# Lease Arranger (it applicable): State: Date DL issued: Lessee: Lease Date DL# State: Date DL issued: rVn Vll� LEASED VEHICLE: MNew LJ Used MakeQHMOLET Year20Q-iModel Body Style VAN 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, 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 1 ("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, 8(b) and 10 which are made for disclosure purposes only. Federal Consumer Leasing Art nicclncriroc 4. Amount Due 5. Monthly Payments 6. Other Charges 7. Total of Payments at Lease Signing or Delivery Your first MonthlyPayment of $ 747 - 95 y (not part of your Monthly Payment) (The amount you will (Itemized Below)* is due — -0 , followed by Disposition Fee (if you do have paid by the end of the Lease) 4 p 23 payments of $ 738 - 4§ not purchase the Vehicle) $ __N/A due on thegr— day of each month beginning $ 747.95 The total of your $ $ Monthly Payments is $ t �^r_ . Total $ A -N/ $ 177R2_an 8. * 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 12) First Monthly Payment 788.45 (2) Rebates and noncash credits (3) Refundable Security Deposit +'V/A (3) Amount to be paid in cash (4) Title fees �.Ej0 14) Total $ 747-q5 (5) Registration fees Pd/I4 (6) 17) (8) (9) Total $ 747.95 9. Your Monthly Payment is Determined as Shown Below: (a) Gross Capitalized Cost. The agreed upon value of the Vehicle IS 26600.00 ) and any items you pay over the Lease Term (such as service contracts, insurance and any outstanding prior credit or lease balance) .......................... $ 26600-0 If 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.......................................................... = 26600-00 (d) Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment .............................. — 1 2000 -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.............................................................................................................. = 14600.0 (f) Rent Charge. The amount charged in addition to the Depreciation And Any Amortized Amounts ................................................ + R 122 - 80 (g) Total of Base Monthly Payments. The Depreciation And Any Amortized Amounts plus the Rent Charge .................................. = 1 7722 - RO (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............................................................................................................................................................... _ 73R_45 (1) Monthly Sales/Use Tax................................................................................................................................................................. + N/A (k) ..... I...... + (1) ............ + (m) Total Monthly Payment......................................................................................... .................................................................... = $ 7';R _ 45 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 '80000 miles per year at the rate of _ 1 5 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 $ 1-2999.0e 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 on early termination, purchase options and maintenance responsibilities, warranties, late and default charges, insurance and any security interest, if applicable. "a" 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, OR 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) $ Consumer or Business Purpose True lease/Initial term over 4 months fzxi!50 y © 1997 Bankers Systems, Inc., St. Cloud, MN Form MVL-CE-MP 10/25/2001 Pagel of 3