EXAMPLE OF LEASE INCEPTION COSTS

$399.00 $400.00 $1500.00 $379.80 $12.50 $10.00 $795.00  $199.00   $1105.55  $4,800.85 =

FIRST MONTHS LEASE PAYMENT   REFUNDABLE SECURITY DEPOSIT  DOWN PAYMENT “ZERO DOWN” REFERS LINE#3  MOTOR VEHICLE FEES  TIRE FEE  BATTERY FEE  BANK FEE  DOCUMENTARY FEE  USE TAX (PAID UPFRONT)  TOTAL INCEPTION COST

WHAT IS THE DIFFERENCE BETWEEN

• “ZERO DOWN PAYMENT”
• “ZERO DUE AT SIGNING”
• “TOTAL OUT OF POCKET”?

 USING THE EXAMPLE ABOVE:

ZERO DOWN PAYMENT REFERS TO
LINE #3 BEING EQUAL TO $0
ALL OF THE OTHER INCEPTION
COSTS MUST STILL BE PAID
BY THE CONSUMER.
IN THIS CASE IT EQUALS $3,300.85

ZERO DUE AT SIGNING REFERS TO
LINES #1, #2 and #3 BEING EQUAL
TO $0 ALL OF THE OTHER INCEPTION COSTS MUST STILL BE PAID
BY THE CONSUMER.
IN THIS CASE IT EQUALS $2,501.85

TOTAL OUT OF POCKET REFERS TO
ALL MONIES DUE FROM THE
CONSUMER TO DRIVE THE
VEHICLE HOME.
IN THIS CASE IT EQUALS $4,800.85
OR $3300.85 IF ZERO DOWN PAYMENT
OR $2501.85 IF ZERO DUE AT SIGNING