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 DOES "FREE FIRST PAYMENT"
MEAN in AUTOMOBILE ADVERTISING?

USING THE EXAMPLE ABOVE:

LINE #1 IS NOT COLLECTED
FROM THE CONSUMER.
THE MANUFACTURER ISSUES
A REBATE FOR THE AMOUNT
OF THE MONTHLY PAYMENT.

THE CONSUMER SHOULD BE AWARE
OF THIS REBATE AND SIGN OFF ON IT.

ALSO, THE CONSUMER SHOULD
ASK TO SEE THE FREE FIRST
PAYMENT REBATE ON THE
CONTRACT TO BE SURE THEY
RECEIVED CREDIT FOR IT.