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Closed‑End or Net Vehicle Lease Disclosures Form Page 1 of 2

Federal Consumer Leasing Act Disclosures

Date _____________ Lessor(s)_______________________________________ Lessee(s)_______________________________________

Amount Due at Lease

Signing or Delivery

Monthly Payments

Other Charges (Not part of your monthly payment)

Total of Payments

This amount is broken down (or itemized) below at *.

$________

Your first monthly payment of $ _______ is due on _______ followed by_______ payments of $ ________ due on the ____ of each month. The total of your monthly payments is $ ___________.

Disposition fee (this is an additional fee if you do not

purchase the vehicle:

$_____________

$_____________Total

(This is the amount you will have paid by the end of the lease)

$________________

*Breakdown (Itemization) of Amount Due at Lease Signing or Delivery

Amount Due at Lease Signing or Delivery: How the Amount Due at Lease Signing or Delivery will be paid:

Capitalized cost reduction $__________ Net trade‑in allowance $__________

First monthly payment $__________ Rebates and noncash credits $__________

Refundable security deposit $__________ Amount to be paid in cash $__________

Title fees $__________

Registration fees $__________ Total $__________

Total $__________

Your monthly payment is determined as shown below:

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 check this box: o

Capitalized cost reduction. The amount of any net trade‑in allowance, rebate, noncash credit, or cash you pay

that reduces the gross capitalized cost .................................................................................................................................................. - ______________

Adjusted capitalized cost. The amount used in calculating your base monthly payment.................................................................... =______________

Residual value. The value of the vehicle at the end of the lease used in calculating your base monthly payment ............................... - ______________

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......................................................................................................................................... =_______________

Rent charge. The amount charged in addition to the depreciation and any amortized amounts .......................................................... + ______________

Total of base monthly payments. The depreciation and any amortized amounts plus the rent charge .............................................. =_______________

Lease payments. The number of payments in your lease................................................................................................................... ¸_______________

Base monthly payment .................................................................................................................................................................... =_______________

Monthly sales/use tax ...................................................................................................................................................................... +_______________

____________________.................................................................................................................................................................... +_______________

Total monthly payment............................................................................................................................. =$ _____________

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.

Excessive Wear and Use. You may be charged for excessive wear based on our standards for normal use [and for mileage in excess

Purchase Option at End of Lease Term. [You have an option to purchase the vehicle at the end of the lease term for $____________

[and a purchase option fee of $___________ ].] [You do not have an option to purchase the vehicle at the end of the lease term.]

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.

[The following provisions are the nonsegregated disclosures required under Regulation M.]

Official Fees and Taxes. The total amount you will pay for official and license fees, registration, title, and taxes over the term of your lease, whether included with your monthly payments or assessed otherwise: $ _________________ .

Insurance. The following types and amounts of insurance will be acquired in connection with this lease:

_______________________________________________________________________________________________________________________

______ We (lessor) will provide the insurance coverage quoted above for a total premium

______ You (lessee) agree to provide insurance coverage in the amount and types indicated above.

Standards for Wear and Use. The following standards are applicable for determining unreasonable or excess wear and use of the leased vehicle:

_______________________________________________________________________________________________________________________

[You are responsible for the following maintenance and servicing of the leased vehicle:

_______________________________________________________________________________________________________________________]

[We are responsible for the following maintenance and servicing of the leased vehicle: _______________________________________________________________________________________________________________________]

Warranties. The leased vehicle is subject to the following express warranties:

_______________________________________________________________________________________________________________________

Early Termination and Default. (a) You may terminate this lease before the end of the lease term under the following conditions:

_______________________________________________________________________________________________________________________

The charge for such early termination is: $______________________________________________________________________________________

I(b) We may terminate this lease before the end of the lease term under the following conditions:

_______________________________________________________________________________________________________________________

(c) To the extent these charges take into account the value of the vehicle at termination, if you disagree with the value we assign to the vehicle, you may obtain, at your own expense, from an independent third party agreeable to both of us, a professional appraisal of the__________ value of the leased vehicle which could be realized at sale. The appraised value shall then be used as the actual value.

Security Interest. We reserve a security interest of the following type in the property listed below to secure performance of your obligations under this lease: ___________________________________________________________________________________________________________________

Late Payments. The charge for late payments is: $_______________________________________________________________________________

Option to Purchase Leased Property Prior to the End of the Lease. [You have an option to purchase the leased vehicle prior to the end of the term.

The price will be [$_______________________ /[the method of determining the price].] [You do not have an option to purchase the leased vehicle.]