HomeMy WebLinkAboutDELLENBACH - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY TRUCK 2003 7550MOTOR VEHICLE
Lessen
LEASE AGREEMENT
OLLLLNBACN NOIURSWill
LIALINS
CLOSED -END
PU box Z/106bSON
PUN b80
MONTHLY PAYMENTS
11 COILINS LU 80b?LINS
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L issuedLease
Arranger (if applicable):
Lease Date
DL#
State: Date DL issued:
1. DESCRIPTION OF LEASED VEHICLE: IJ New LJ Used
and
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 Le
3. AGREEMENT TO LEASE: You agree to lease the motor vehicle described In section 1 (Vehicle"1 from us according to the terms included on
of this lease agreement ("Lease"). The Federal Consumer Leasing Act Disclosures are also contrail terms of this Lease agreement except for
and 10 which are made for disclosure purposes 22.-_r I a - AM nieminue. rasa,
4. Amount Due
5. Monthly Payments _
6. Other Charges �;
' i'X,
7. Total of Payments
(The amount you will
at Lease Signing
9 9
Your first Monthly Payment of $
not an of our Month Payment)
( P Y Y Y ) (aax�
have paid by the end of
or Delivery
is due on 17 on Ji,fZ followed by
Disposition Fee If you do CJ,-'�
P ( Y
the Lease)
Itemized Below'
( )
7 3 l�menis of $ {}a.- ysl
not purchase the Vehicle) $
due on the ➢Oth day of each month beginning
$
The total of your
$
$ /Z15, 44
Monthly Payments is $ 1 / 1U3 /6
Total $
$
a. - 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 $---Ti5IAII(1) Net trade-in allowance $ A
(2) First Monthly Payment (2) Rebates and noncash credits
(3) Refundable Security Deposit (3) Amount to be paid in cash
(4) Title fees (4) Total $ 146.49
(6) Registration fees -fl-�—
(6) �—
(7) _ o RfS —f
.31�
(6)
(g) Total $�
g. Your Monthly Payment is Determined as Shown Below:
(a) Grose Capitalized Cost. The agreed upon value of the Vehicle ($ 26090, 50 ) and any items you pay
over the Lease Term (such as service contracts, insurance and any outstanding prior credit or lease balance) .......................... $
It you want an itemization of this amount, please initial here: (Lessee initials)
M) Capitalized Cost Reduction. The amount of any net trade-in allowance, rebate, noncash credit or cash
you Pay that reduce$ the Gross Capitalized Cost _...._ ... ........... ............ -..... ............................. ..... ....................... ................... .., - NiA
(c) Adjusted Capitalized Coat. The amount used in calculating your Base Monthly Payment.__ ............. ...... - ............ ......_......... _. _ ;'f S 00.OB
(d) Residual Value. The value of the Vehicle at the end of the Lease used in calculating your Base Monthly Payment...... ...... ................. - Y000, U0
(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 .... ____ ..... ...... ...... -..... ................ -..... ....... ...._............ ...... ............... =T� ry 00
(f) Rent Charge. The amount charged in addition to the Depreciation And Any Amortized Amounts._ .................._......................... + 6
(g) Total of Base Monthly Payments. The Depreciation And Any Amortized Amounts plus the Rent Charge...- ................:............ = fr 18,1 izk
M) Lease Payments. The number of payments in your Lease. This is also the number of months in your Lease ("Lease Term') ._ I 1-1
if) Base Monthly Payment . ........... ...... .............. ........ ............. ................... _...... ....... ....... -.................... -......................... .............. = /-1-`d.99
0) Monthly Sales/Use Tax. ................................................. ......................... ..................................... ................................ .... + N/-h
.......... + N/A
(I)
butTotal Monthly Payment . . ................... ..... ......... ................................. ............. .................................... _ $ / I b 49
10. Early Termination. You may have to pay a substantial charge If you end this Lease early. The charge may be up to several
iIfousand titillate. The actual charge will depend on when the Lease Is terminated. The earlier you end the Lease, the greater
.1
this charge is likely to be. . I
)
11. Excessive Wear and Use. Vo%"�e charged for excessive wear based on our standards for normal use and for mileage in excess of
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.
N/A
❑ You have an option to purchase the Vehicle at the end of the Lease Term for $ 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. -e" 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 leasellnitial term over 4 months `� y
E ]E� 01997 Bunker, Systems, Inc., SI. Cloud, MN Form MVL-CEMP 10.2L20e1 '�h - 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 own the Vehicle, and It will be tried in our
name or in the name of our assignee. Vou 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
properly, 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 Leese Term, except our Income taxes.
If such amounts are assessed for in 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 ESTIMATED amount you will pay for official and license
teas, 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: If Included In the itemized Amount Due At Lease
Signing or Delivery section (section 3(a)(3)), you will give us a refundable
Security Deposit In the amount intlicatetl. It may be used to pay any
amount that you do not pay when due. Ater 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
lidding 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 and of the
scheduled Lease Tenn 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 end 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).
(it) 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.
28. VOLUNTARY ADDITIONAL PROTECTIONS: You may buy any of the
following VOLUNTARY promotion plans. They are not required as pad of this
Lease and will NOT be a fad., 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 Be"..
31. NOTICES: Unless otherwise required by law, you agree that any notice
we provide you will be reasonable and sufficient if h is seen 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 manufacturers warranty. This warranty is made
by the manufacturer and NOT by the Lessor.
❑ (b)
Contract will be in effect for
and will provitle up to
of coverage.
The charge is$ for this coverage.
Your signature below means you want the described Service Contract
' and that you received and reviewed a Copy of it. If no coverage or
charge is given above, you have declined any such coverage we oflared,
Lessee Signature Lessee Signature
(b) CREDIT INSURANCE: Credit life end credit disability (accident and
health or accident and sickness) insurance are not required as
pad
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, wa 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 From, $ Term
Credit Disability: Insured
❑ Single ❑ Joint Prem. $ Term
Your signature below means you want (only) the insurance coverages)
quoted above. If none are cooled, you have declined any coverages we
oteretl. A description of these coverages may be found In the insurance
into we provided to you separately.
Lessee Signature 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 adtlitional fee and that you received
and reviewed a copy of it. If no coverage or fee is given above, you have
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 19 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 (it) 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 Ad 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 it 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 prohibited. Such permission
must he given in writing prior to any transfer.
36. PRIMARY USE OF THE VEHICLE: You intend to use the Vehicle
primarily for personal, family or household purposes unless you initial below:
The Vehicle will be used primarily
Lessee Initials for business, commemial 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.
�u d
Lessee Signature Lessee Signature
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
�IX Data:
Title (business leases):
Lease./
®x Date:
Title (business leases)
38. LESSOR SIGNATURE: By signing below, Lessor agrees to the terms
and Conditions of this Lease and provides:
(a) Lessee OL 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 hislher 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:
MOTOR VEHICLE LEASE AGREEMENT CLOSED -END MONTHLY PAYMENTS
15. GENERAL TERMS: You agree that the law of the state where this
is will this Leese, unless pmhiblded. It any part of this
23. LEASE TERMINATION: This Leash will and (9erminate") When one of
the following events occurs, whichever happens first. (a) You choose to end
contact signed govern
Lease cannot be enforced, the rest of the Leese will still be enforceable,
the Lease early and return the Vehicle to us: (b) You choose to buy the
Vskedie ou have thatck, at he end of
YOU return Me lcause tthe his
VEHICLE USE: You agree: (a) allow the Vehicle only to be operated
16.
We term nate the Lease bed)
scheduleld Lease Term; Vehicle
limns.tl drivers for lawful purposes and In a lawful manor; (bl to operate
licensed es
sealer and not recovered or is load or dbe air r damacetl end we
the only as recommended by IM1e manufacture[ (c) not to use the
fie
tletermine that it cannot nod be repaired replaced; (a) We
as a taxi for other public or private hire or delivery', net use
iche as
terms termination
Leave due to your default On termination, you will Vey the
to our d
ns of
the Vehicle Ina way that causes the cancellation or suspension of any
the Ve w
amounts agrees in this Lease. You are not entitled to keep the
amounts agreed
Insurance or other similar
protection aggeform (th not t0
of
peat the of the schooled Term or the data of early
or;
twarranty,ethe where for more then
take the Vehicle out of the state where youresidel
or content.
without consent.
an he
Vehiecuolut days nitwit our priorwrittener approval; and IS not to lake IM1e
cle out of the United Sales without our prior written approval .
24.E EARLY TERIMIt ATIO
2baeforeAM1e endofNee Scheduled Lease Tlerm Ulvtlmeinonaapply sf you choose
17. MAINTENANCE AND OPERATING COSTS: You agree to keep the
to buy the Vehicle before the end of the scheduled Lease Term. On early
Vehicle In the same condition as when you received n, except Mr reasonable
termination, you will return the Vehicle to us. You will deliver II to our address
Wear and mileage. You agree to service and maintain S me recommended by
or to another reasonable location at our request,
the manufacturer and as needed to keep It in good operating cOmYtzm. You
to maintain the Vehicle so that any wrmanues or similar agreements
is) Early TerreirrMlon Liability. On early termination, you agree to pay us'.
also agree
remain effective and an that it passes all impactions required by law. You are
(1) A VEHICLE RETURN FEE, it any (section 25(b));
responsible for paying Of costs of the Vehicle's service, repair and mainter m
all the costs M its operation, Including Me Costs of park, oil, parking and
(2) All accrued and unpaid amounts that are due or pat due et that time
and
storage, etc. You agree to make the Vehicle avallabie to us for Inspection
(including amounts described in the REMEDIES section)',
during the Lease Term at any reasonable time and location that we request.
(3) The amount by which the "Adjusted Lease Balaniis greater than
1S. REQUIRED INSURANCE: You are liable for any Injury, death or damage
arising out of the use of the Vehicle. You agree to provide at least the
the ToonIzed Value" of the Vehkle. (If the Realized Value Is greater
than the AdCStdd Lease, Balance, this amount will be applied as a
following insurance coverage ("Required Insurance") on the Vehicle at all
credit toward your facility) d
times during this Lease. (a) LIABILITY for bodlly injury or death of others In an
of at least $100,000 per person and $300 o00 per occurrence; hn
(4l All off'mial fees and taxes lmpoeed In Connection with the Lease
aunt
LIABILITY for propertySam... to others In an amount of et least $50,00X
and of COLLISION and COMPREHENSIVE (including fire and theft
termination.
(b)Determining the Adjusted Leave Balance. Your early termination liability
coverage) with a deductible not to exceed $501 You agree to provide the
Insurance at your own expense with a duly licensed Insurer of your choice
Under this section will be calculated using the "Adjusted Lease Balance" The
Adjusted Lease Balance at the beginning of this Lase is equal to the Adjusted
who is reasonably acceptable to us. Your choke of insurance provider will not
Capitalized Cost (section 9(c)). Each Base Monthly Payment will be allocated
affect the credit decision or interest rate. This insurance may be provided
through existing policies that you own or control. You also agree to name us
flat to the Rent Charge and then to reduce the Adjusted Oapltalized Coal in a
way that Is similar to the amotlization of a lea Section Bill gives the total
or our ssignee as less payee and ad ftemal insured. The insurance policy
Rent Charge that we will earn over the scheduled Lease Term. The Rent
must provide for at least 10 days advance notice to us of any cancellation or
other material change in coverage. At our request, you will prompity provids
Charge parson of any Base Monthly Rent Payment is calculated by mul8plying
(a) the than Adjusted Lease Balance minus one Base Monthly Payment by go
us with written proof of Insurance. You will promptly contact us In writing if any
of the insurance provider Information changes. You authorize us to endorse
the constant rate which over the Lease Tenn reduces the Adjusted Lease
Balance to the Vehicle s Residual Value (section aid)) by allocating each Base
your name on any check we receive for insurance proceeds.
Monthly Payment as described above. These calculations are made on the
assumption that all Base Monthly Payments are made on the axam due date
NOTICE: Liability insurance coverage for bodily Injury and motor vehicle
and that each year has 12 months of W days each.
damage caused to others Ie not Include in this Lease.
19. DAMAGE THE VEHICLE AND INSURANCE CLAIMS: You will notify
c Determining the Realized Value. If the law s0 requires, we will send you
(a)
notice and was any required period of time before taking anion to establish
us in writing immediately otter any loss to person or popery occurs involving
the Vehicle In any way. You will also notify us in writing normal upon
the Vehicle's Brief ked Value. Unless otherwise required by law, the Realized
Value wall be determined in one of the following ways: (1) by a written
wing notice of any demand, claim or suit involving the Vehicle In any way,
You agree to cooperate with us and with your insurer In any, Investigation,
reemant be you and us reached within 15 days of Me Vehicle's
a9urn; (2) by the profesuonal appraisal of an independent third pad, agreetl
suit or other action resulting from the use or control of the Vend a
to by you and us and Obtained at your expense within 15 days of the Vehcle's
You agree to repair or compensate us for any loss Or damage to the Vehicle
that occum during this Lease. If the Vehicle Is damaged. we will decide if II is
return (Or a longer periotl, if all ponies so agree or if the law so requires). The
appraisal shall be of the Vehicle's wholesale value and shall be final and
repairable and If it should be repaired. If the Vehicle Is repaired you will apply
the of repair any 'mearance proceeds you receive for its loss or
binding On both you antl us', or (3) if II Is not determined within 15 days of the
Vei return, we wall tletermine the Realized Value In accordance with
to costs
damage. You understand that you must pay for any loss or damage that is not
taut by Insurance proceads . You also most keep making any payments as
accepted pre bone in the aubmptu le Indoor, far determining the wholesale
alue Of used vprods by Obtaining a wholesale cash bid for the purchase of
they come due during this Lease even if the Vehicle is damaged or unusable
for a period Of time. The THEFT, LOSS OR UNREPAIRABLE DAMAGE
the Vehicle Or by disposing of the Vehicle in an otherwise commercially
reasonable manner. If a bid procedure Is used you may have the right to
section describes what happens if we decide that the Vehicle cannot or
submit a cash bid which we will Consider along with any other offers we may
We do not have to sell the Vehicle but will use the highest offer
should not be repaired.
20. THEFT, LOSS OR UNREPAIRABLE DAMAGE: II the Vehicle Is stolen
receive,
amount t we receive m Calculatingeturd your IIf th ty. The Realized Value will be
zero R Me Vehicle Is not returned to us. If this Lease Is by Nevada
didVehicle
and not recovered, or as lost or destroyed, or is damaged and we dammnne
Of the
law, you may submit to us a written bad for IM1e purchase Of the VeM1icle at any
that it cannot Or should not be repaired then we will deeme whether to
continue or terminate this Lease. If it is continued you agree to accept a
time before we establish re Reamed Valu,reaso.
sable substitute vanilla of similar value, Condition, mileage and
accessories to replace the original Vehicle. If we terminate the Lease under
25, SCHEDULED TERMINATION: Unless this Lease ends under another
semlon of this agreement, you wall return the Vehicle to us on the lase day Of
this section, the event will be treated as an early termination and you will ba
the Scratched Leas Term. YOU agree to return it t0 Our address or to another
requiretl to pay the amrunls described In the EARLY TERMINATION section
reasonable location that we may request You may rectum the Vehicle up to 15
On such vary termination, you agree to release to us all Insurance or other
for damages lass to the Vehicle (including any
days before the Iasi day of the scheduled Lease Term at your option and for
without any adjustment (charges Or credits) for an
proceeds you receive Or
your own convenience,
21, DEFAULT: You will ba an default on this Lease if any one of the following
occurs (except as prohibited by law)_
(a) You fail to make any payment when it is do.
(b) You fail to perform any material obligation that you have undertaken In
this Lease (which Includes doing something you have agreed not to di
(c) The Vehicle Is Seized confiscated or levied upon by legal or
governmental prase',
(it) You fail to provide the paraded Insurance on the Vehicle or fail to
provide proof of such Coverage after we request it
G) Anything else happens that creates a default according to applicable law.
of this Lease Is in default, we may Siam se our museums against any or all
Lessees
22. REMEDIES: If this Lease is'm default we may take any on. or more of
the following actions. If the law requires us to do so, we will give you notice
and .it any period of time required before taking these Options. We may:
(a) Terminate, this Lease and your rights to use the Vehicle;
Of Take any reasonable action to coned your default or to prevent our loss
(Inclutling, for example, purchasing insurance that you we usto
Provide).
Any amount we pay will be added to the amount d will be
Immediately due;
(0) Req ireYOUoto ret teaser able cleand any related records or make then
(it) Take beck the Vaade by legal process or all help. but in doing so, we
may not breach the peace or violate Me law',
(a) Use any other remedy available to us in this Leese, or by any.
You agree that, subject to YOur right to recover such popery, if any, we mat
take possession of personal popery let in or on the Vehicle when we take
On termination under this septkn, you agree to pay us
(a) A DISPOSITION FEE, it any, described in section 28(c)',
(b) An EXCESS WEAR CHARGE and an EXCESS MILEAGE CHARGE. II
any, described In the EXCESS WEAR AND MILEAGE section; and
de) All other amounts than due Or past due under this Lease.
These amounts are due and payable at the time you return the Vehicle or as
on thereafter that they can be determined unless otherwise provided by
law. You will also pay us for all reasonable losses and expenses we incur 11
you fail to rears the Vehicle at the and of the Scheduled Leas. Term.
26. EXCESS WEAR AND MILEAGE: When you return the Vehicle at the end
of the scheduled Lease Term, you agree to pay an EXCESS WEAR
CHARGE for any excessive wear to the Vehicle. The EXCESS WEAR
CHARGE will be equal to the actual or estimated costs of repair, or the
estimated loss in its value, because of any excessive wear (even If we rep not
repair the Venire).
Excessive wear includes.
(a) mechenlwl damage, failure or defect no, exterior parts, grilles,
bumpers. firm, paint and glass that are dented, at ed, chipped.
discolored or Otherbeyond damaged, missing or worn yentl ry use,
Yet Interior parts, upholstery, dashbard, carpeting or honk liner that are
stained, torn, burned Or otherwise damaged, missing Or worn beyond
ordinary use, (it) one .... rise tool. and equipment included with the
Vehicle when delivered that are missing, damaged or not In proper
working order, (a) tires that are unsafe, have less than 1m inch tread at
the shallowest point or are riot a pad of a matching set of four IS any
other pan or condition that causes the Vehicle to be unsafe or unlawful
to use. (g) any other damage or wear that together cast mere than $50 to
repair or replace.
We will pony you Of the amount of these Charges and Provide any other