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1. Parties: Identifies and provides full details of the lessor/seller and lessee/buyer, including legal names, addresses, and contact information
2. Background: Sets out the context of the agreement, including that the lessor owns the vehicle and the lessee wishes to lease it with an option to purchase
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and current condition
5. Term and Payments: Specifies the lease duration, payment amounts, payment schedule, and total purchase price
6. Purchase Option: Details of how and when the purchase option can be exercised, including any balloon payment
7. Title and Ownership: Clarifies ownership status during lease period and conditions for transfer of title
8. Use and Maintenance: Specifies permitted use of vehicle and maintenance responsibilities
9. Insurance Requirements: Details required insurance coverage and responsibilities for insurance costs
10. Default and Termination: Describes events of default and consequences, including termination rights
11. Return of Vehicle: Conditions and process for vehicle return if purchase option not exercised
12. General Provisions: Standard contract clauses including governing law, notices, and amendment procedures
1. Trade-In Details: Include when there is a trade-in vehicle involved in the transaction
2. Guarantor Provisions: Required when a guarantor is providing additional security for the lessee's obligations
3. Early Purchase Option: Details of any early purchase options if offered before the end of the lease term
4. Cross-Border Provisions: Include when parties are in different states or vehicle may be used interstate
5. Additional Drivers: Include when other authorized drivers need to be specified
6. Modified Vehicle Provisions: Include when vehicle has or will have modifications
7. Commercial Use Provisions: Include when vehicle will be used for business purposes
1. Schedule 1 - Vehicle Condition Report: Detailed report of vehicle condition at commencement, including photographs
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and allocation between lease and purchase components
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including minimum coverage levels
4. Schedule 4 - Maintenance Schedule: Required maintenance schedule and service intervals
5. Appendix A - Vehicle Registration Documents: Copies of current registration documents
6. Appendix B - Service History: Vehicle's service history and maintenance records
7. Appendix C - Warranty Documentation: Any applicable warranty documentation or manufacturer's guarantees
Automotive
Financial Services
Transportation
Fleet Management
Vehicle Leasing
Retail
Insurance
Asset Finance
Consumer Services
Legal
Finance
Sales
Compliance
Risk Management
Operations
Customer Service
Contract Administration
Asset Management
Credit Assessment
Fleet Operations
Fleet Manager
Finance Manager
Legal Counsel
Compliance Officer
Sales Manager
Credit Manager
Contract Administrator
Risk Manager
Operations Manager
Vehicle Finance Specialist
Dealership Manager
Asset Manager
Business Development Manager
Customer Service Manager
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