Sample Car Lease Agreement with Explanations
As part of the Consumer Leasing Act, the Federal government has required leasing companies to disclose important information before you sign the lease.
Although the law goes a long way in protecting consumers, the biggest weakness is that it does not require disclosure of the actual Money Factor (interest rate). Instead, it just lists the total amount of interest you will pay over the life of the lease.
The following is the standard form used when leasing a car. Scroll over the numbers to see an explanation for each section. (Use our Leasing Glossary for any terms you're not familiar with)
About the Author: Gregg Fidan
Gregg Fidan +
is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.