HomeMy WebLinkAboutDELLENBACH MOTORS - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY 2003 ASTRO 1040MOTOR VEHICLE
Lessor:
Lessee:
LEASE AGREEMENT
DELLENBACH MOTORS
CLOSED -END
PO BOX 271065
CITY OF FORT COLLINS
MONTHLY PAYMENTS
FT. COLLINs CO. 80527
215 N MASON
DL#FT• COLLINS CO. 80521
Lease Arranger (if applicable):
State: Date DL issued:
Lessee:
Lease Date
DL#
State: Date DL issued:
iiwry air r.cAacu VCnICLt=: ypkNew LJ Used
I'^""" ruFlmnTT I Year �QQ3 Model ASTRO Body Style vanr
2. DEFINITIONS: "You ,"'•your' and "Lessee" mean each person or legal entity, 1'ointly 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 antl assigns. The Lease Arranger, if one is identified above,
helped arrange this Lease, but is not a parry 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, B(b)
and 10 which are made for disclosure purposes only.
Federal Consumrar I aacinn e. r ntcwt..�...
„yam V.pYrVJY1 G.l.
4. Amount Due 5. Monthly. Payments 6. Other Charges 7. Total of Pa ments
at Lease Signing y
Your first MonthlyPayment of $ 738.45
y
or Delivery (not part of your Monthly Payment) (The amount you will
Itemized Below is due on 0� -a� 9� , followed by have paid by the end of
( ) Disposition Fee (if you do
—93 payments of $ 738.45 not purchase the Vehicle) $ _ N/A the Lease)
due on theme_ day of each month beginning $
. The total of your $
$ 747-99 Monthly Payments is $ -rn7 tic
—�-r-.-�— - Total $ $ ���-r-r✓'s ✓v-
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:
If I Capitalized Cost Reduction $ (1) Net trade-in allowance $
_£VA
(2) First Monthly Payment —,738 45 (2) Rebates and noncash credits
(3) Refundable Security Deposit N/A (3) Amount to be paid in cash 747 95
(4) Title fees _6 (4) Total $ �6
(5) Registration fees --7�:'7
(6)
(7)
(B)
(9) Total $ 747�-95
9. Your Monthly Payment is Determined as Shown Below:
(a) Gross Capitalized Cost. The agreed upon value of the Vehicle ($ — ) and any items you pay
over the Lease Term (such as service contracts, insurance and any outstanding prior credit or lease balance) .......................... $
If you want an itemization of this amount, please initial here: L.J (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 ....................... .
- £d74➢r (c) Adjusted Capitalized Cost. The amount used in calculating your Base Monthly Payment.......................................................... _
(d) Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment .............................. -
(e) 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 31 ��
................................................ + 80
(g) Total of Base Monthly Payments. The Depreciation And Any Amortized Amounts plus the Rent Charge .................................. 17722 80
.........79
(h) Lease Payments. The number of payments in your Lease. This is also the number of months in your Lease ("Lease Ter 94
(i) Base Monthly Payment...............................................................................................................................................................
_
738 45
(l) Monthly Sales/Use Tax.................................................................................................................................................................
+
(k)
............ +
(m) Total Monthly Payment.............................................................................................................................................................
= $ 738 45
10. Early Termination. You may have to pay a substantial charge if you end this Lease early. The charge may be to several
up
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
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 $ 1 9000 00 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
• - • •- raw -� ,-t lime, your contract obligations, you may lose the Vehicle and the right to use it under this Lease.
AK, OR and SD Notice: If this Lease is for a consumer purpose, then this Lease is CONSUMER PAPER.
14. DESCRIPTION OF TRADE-IN:
Outstanding Prior Credit or Lease Balance on Trade -In (if any) $
Consumer or Business Purpose True lease/Initial term over 4 months
EX15 ® 1997 Bankers Systems, Inc., St. Cloud, MN Fonn MVL-CE-MP 10/25/2001
Year:
Model:
Page 1 of 3
MOTOR VEHICLE LEASE AGREEMENT CLOSED -END MONTHLY PAYMENTS
27. TITLING, OFFICIAL FEES AND TAXES: You understand and agree that
this agreement is a lease only. We awn 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 0ptmns to purchase Provided in this Lease. You
agree to pay all title, registration, license, sales, use, excise, personal
Property'
ad valorem, inspection, testing antl all other taxes, fees and
I
Imposed by government authorities in connection with the
Vehicle and this Lease during the Lease Term, except our income taxes.
If such and
are assessetl for a period during the Lease Term, you will
pay them even if they become tlue after the Lester Term. We may, at our
it S -fion, it is me
no the timing an procetlu re
for payment of these
amounts. You will promptly pay these amounts as they come tlue unless
otherwise indicatetl in this Lease. The actual total of official fees and loxes
I
you pay may be higher or lower than our estimate it a ding on the tax
rates in effect or the value of the Vehicle a1 the time a tea or lax is assessetl.
The total E51IMATE12 amount you will pay for official and license
fees, registration, title, and taxes over the entire term of the Leese,
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: If included in the itemized Amount Due At Lease
Signing or Delivery section (section 8(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 it 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
$ if 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 it 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 and of the
schetluletl Lease Term. This Fee will not apply if the Lease ends early or if
you buy the Vehicle at the and 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
days after 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
Contract will be in effect for
The Service
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 inner 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; (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 (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 (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 and of the scheduletl Lease Term (it 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 a transfer 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 use the Vehicle
of coverage primarily for personal, family or household purposes unless you initial below:
The charge is $ for this coverage.
Your signature below means you want the described Service Contract
and Ihat you received and reviewed a copy of it. If no coverspe or
charge is given above, you have declined any such coverage we offered.
Lessee Signaure Lessee Signature
(b) 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 is we will
obtain it for you (if you qualify 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 coverages)
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 Slgnemre Lessee Signature
(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 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 Signature I I Lessee Signature
30. INDEMNITY: To the fullest extent 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 lees 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.
The Vehicle will be used primarily
Less einl((als 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.
38. LESSEE SIGNATURE(S): 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:
Date:
Title (business leases):
®� Date:
fit
to 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 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:
t
This assignment is subject any separate Assignment Agreement
between the Lessor and Assignee
Lessor:
�X Date:
Title:
Consumer or Business Purpose True was,Aosal term over 4 months
F� ram'" C Isw aeokers SyaemsIn., et unua, mry Fo,m Nvc of of vn ve000 Page 3 of 3