On 17, Mar 2014 |
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June 9, 2019
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Auto Leasing Scams and Laws, auto leases.Auto leases
Leasing Laws and Scams to Avoid 1. Lease Laws – Regulation M Regulation M is the federal law that specifies what must be disclosed to the lessee (you) by the lessor (dealer). Here is the list of what must be included: Total due at closing (down payment, security, first month’s payment, dealer service fees, bank fees). The number, amount and due dates of your monthly payments. The total amount of your monthly payments over the entire lease. The cost of the license, registration and taxes. The gross capitalized cost for the leased car (purchase price). The net trade-in allowance for …
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