In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

Gross capitalized cost (including the agreed-on value of the vehicle)
Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
Itemization of other charges that are part of the periodic payment
All of the above

Answer(s): D

In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

Gross capitalized cost (including the agreed-on value of the vehicle)
Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
Itemization of other charges that are part of the periodic payment
All of the above

Answer(s): D

In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

Gross capitalized cost (including the agreed-on value of the vehicle)
Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
Itemization of other charges that are part of the periodic payment
All of the above

Answer(s): D

Which one of the following should be included in an early termination notice in case of the termination from consumer leasing agreement?

A warning to the consumer that a substantial charge may result from early termination (required only in a motor vehicle lease)
A statement of the conditions under which the lessee or lessor may terminate the lease prior to the end of the lease term
The purchase option at the end of the lease term
The amount of any penalty or other charge for early termination (the penalty must be reasonable)

Answer(s): A,B,D

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