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NEW MOTOR VEHICLE LEASE AGREEMENT - ADDITIONAL DISCLOSURE STATEMENT (SASKATCHEWAN) - hmfdealer

NEW MOTOR VEHICLE LEASE AGREEMENT - ADDITIONAL DISCLOSURE STATEMENT (SASKATCHEWAN) - hmfdealer 2025

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The document consists of additional disclosure statements related to motor vehicle lease agreements and conditional sales contracts in Saskatchewan. It outlines important information regarding the vehicle's condition, odometer status, trade-in details, and dealer disclosures. The statements require signatures from lessees or buyers to confirm that they have received and understood the disclosed information prior to signing the agreements.

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What are the disclosure requirements for leases?

Qualitative Disclosures required by ASC 842 A General Description Of Those Leases. The Basis and Terms and Conditions on Which Variable Lease Payments Are Determined. The Existence And Terms And Conditions Of Options To Extend Or Terminate The Lease. The Existence and Terms and Conditions of Residual Value Guarantees.

What disclosures are found on a vehicle lease agreement?

The gross capitalized cost, including a disclosure of the agreed upon value of the vehicle, a description such as the agreed upon value of the vehicle [state the amount] and any items you pay for over the lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance), and a

Which of the following disclosures can be found on the lease agreement?

In a lease agreement, disclosures typically include the interest rate, monthly payment amount, and mileage limit. However, insurance coverage is generally not part of the lease and must be obtained separately by the lessee.

What disclosures can be found on a vehicle lease agreement?

Key Components of Auto Leasing Disclosures Amount Due at Lease Signing or Delivery. Monthly Payments. Other Charges. Total of Payments. Purchase Option at End of Lease Term. Early Termination. Wear and Use Standards. Insurance Requirements.