Publications that report current wholesale and (or) retail prices of vehicles. Wholesale values are generally determined from such factors as auto auction prices, other wholesale transactions, and reg [..]

The net value of your vehicle credited toward the purchase or lease of another vehicle. If you own the vehicle being traded in, you sell it to the dealer or lessor. If you are leasing the vehicle bein [..]

The sum of the periodic payments, the end-of-term disposition fee, any other charges, and all amounts due at lease signing or delivery, minus refundable amounts such as a security deposit and any mont [..]

The base monthly payment plus monthly sales or use taxes and any other monthly charges.

Legal document that identifies the owner of the vehicle. The lessor, creditor, or assignee, not you, holds title to the leased vehicle.

The sum of the capitalized cost reduction, the total of base monthly payments, and other charges due under the lease/loan agreement. The total contractual obligation excludes any security deposit as w [..]

Declaration of intent by a party to a contract that it is intended to end a permanent debt obligation (e.g. loan or leasing agreement). It becomes legally effective once the other party to the contrac [..]

Description of the individual terms of products or services. Besides price terms, other terms are defined in the Standard Terms and Conditions of Business for leases and finance.

Describes the duration of the contract. A specific term is agreed for financing and leasing which is an important parameter for calculating the monthly payments. With leasing, the term is based on tax [..]

A programme or plan in which certain items are subsidized by the manufacturer, the finance company, the lessor or the assignee.