1988 Chevy Caprice for County Attorney
L~a~e Agreement and
Disclosure Statement
Consumer Lease - Plain Language
INDIVIDUAL OPEN END
Lease No.
NOTICE: See other side for
Important Information
Date 6/30/88
1. (a) lESSOR (called "You" or "Your")
LESS~E (called "I", "Me" or "My")
Name
BOB CHANGO AUTO LEASING, INC.
3500 N. ROOSEVELT BLVD.
Address
Name
COUNTY OF MONROE
COUNTY ATTORNEY
Address
500 WHITEHEAD ST.
City KEY WEST State FL Zip Code 33040 City KEY WEST State FL Zip Code 33040
(b) ,I agree to lease from you and you agree to lease to me the vehicle described below on the terms and conditions set forth in this Lease Agreement.
2. Description of Leased Vehicle
Year: 1988 Make: CHEVROLET Model: CAPRICE
Accessories & Special Equipment 0 Tinted Windshield
o CID Cyl. Engine ex Power Steering
or Automatic Transmission IXJ Power Brakes
[2J Radio IX) Power Windows
DI Air Conditioning IX) Power Seat,
rx Tinted Glass - All J
Vehicle to be Delivered at and Returned to: Address 3500 N. ROOSEVELT BLVD.
BR. Body Style: 4 DR.
D Sure Grip Diff.
(]I Undercoating
~ Wheel Covers
~ Vinyl Roof/Roof Rack
~ Auto Speed Control
Serial No.: 1G1BU51HOJA138527
o Outside Mirror - Remote
o Tires
o
o
o
City KEY WE S T
State FL
3. (a) Initial Charges:
(1) Capitalized Cost Reduction
(2) Trade-In Allowance
(3) Taxes on Capitalized Cost
Reduction/Trade-I n
Total
(b) Other Charges Due at Inception:
(1) Partial Monthly Lease Payment
(for the period
to ) $
(2) First Full Monthly Lease Payment $
(3) Refundable Security Deposit $
(4) License. Title and Registration
Fees
(5) Taxes
(6) Other
Total
Total Payment Due Before or at Time
of Delivery of Vehicle (a) + (b)
4. (a) Basic Monthly lease Payment
(including Sales or Use Tax)
(b) Other Charges Payable Monthly:
(1) Insurance charge
(2) Maintenance charge
(3) license charge
( 4) Other Taxes
(5) Other
- Toial (1 through 5)
Total Monthly Payment
5. Term of Lease: 48 Months.
The first monthly payment is payable before or at time of
deJivery of vehicle; Subsequent monthly payments are
payable in advance on the 1 st day of each month
thereafter.
6. Total of Basic Monthly Payments.
395 . 28 Basic Monthly Lease Payment (item
4(a)) x 48 Months
7. Total of other charges payable to Lessor:
o Disposition $ N fA
o Maintenance $ N 7 A
o $ N/A
Total
8. Fees and Taxes. Total estimated cost during the Lease
Term for official fees, registration, certificate of title.
license fees and taxes. Licenses and taxes will be paid
as indicated.
Provided by
You
o
o
o
o
o
$
$
N/A
N/A
N/A
N/A
$
$
$
$
$
N/A
395.25
N/A
68.85
N/A
N/A
464.10
464.10
$
$
$ 395.25
$ N/A
$=m==NA
$ N A
$
$ N/A
N/A
395.25
$
$
$ 18972.00
$
N/A
State License
Sales Tax
State Excise Tax
Personal Property
All other Taxes
Provided by " .
Me
[!
~
KJ
IX]
275.40
$
9. Insurance
(a) The following types and amount of insurance will be
. acquired by the person indicated in connection
with this Lease:
Provided by
You
o
o
D
g'
Provided by
Me
Fire, Theft & Comprehensive KJ
Collision ($ 500. O@ deduc ib e I
Public lia,b i1i~,($ 100 0 ~" 00 ",0,0
Pro~__Qam~ge ($ , \.~. \ "
Other ; -"
(b) Total Premium Cost
10. Estimated Wholesale Value of the vehicle at the end of
the Lease Term: (My liability for this sum may be
limited. See item 37)
11. Total Lease Obligation (Items 3(a) + 6 + 10)
12. Initial Value of the Vehicle
13. Difference: (Item 11 less Item 12)
14. Annu8rMileageI-Allowanc~ ' 5 ,000 Miles.
15. 'Excess Mileage Cha~rge per Mile:'-~
~ 16... Prema~re T er~~~~t~n~FactQ(
1;7. ~~nthly Late" Charge . .t
$ N/A
$ 4800.00
$ N/A
$ N/A
$ N/A
9F. 1/
$ N A
$ N/A
FORM CFD-273-PL-1 NORICK OKLAHOMA CITY
18. Lease Term. This Lease will begin when the vehicle is delivered to Me and will
continue for the number of months shown in item 5.
19. Delivery of Vehicle. I will take delivery of the vehicle at the location sho~m in
Item 2.
20. Agreement of leising. I acknowledge that this is an agreement of Lease and
not of sale and that neither I nor any person asserting-a claim based upon My
rights will have rights other than My rights in this agreement.
21. No Option to Buy. I acknowleclge that I will not become the owner of the vehicr~
by fufilling all of my obligations under this agreement and that I have no right
to buy the vehicle from you.
22. Lease Payments. I will pay to you in advance the Total Monthly Payment in the
amount shown in Item 4. Payments are due on the 1 st day of each month. f
will pay the full amount of the Total Monthly Payment without any deductkltl,
even if the You owe Me money. If the delivery date is other than the 1 st of the
month. I will pay a Partial Lease Payment based on the actual number of days
remaining in the month.
23. Late Payments. When any payment is not paid by the 10th day of the month
for which it is due. I will pay the amount shown in Item 17 as the Monthly late
Charge in addition to the regular monthly payment. By specifying or accepting
late payments or charges, You do not give up or change any of Your rights une::r
this Agreement.
24. Insurance. You and I will arrange insurance coverage for the vehicle as in~:cat2d
in Item 9, and maintain that insurance coverage for the duration of the Lease.
All insurance policies will be endorsed to protect. as their interests may appear.
You. Me. and any other person having an interest in the vehicle. Both You and
I and anyone under our control, must comply with all the terms and condit!ons
of the insurance policy, including the immediate reporting of all accidents it)
both you and the Insurance Company. LIABILITY INSURANCE COVEFf/\GE feR
BODILY INJURY AND PROPERTY DAMAGE CAUSED TO OTHERS IS NOT
INCLUDED UNLESS ITEM 9 SHOWS THAT PUBLIC LIABILITY INSURA.NCE IS
TO BE PROVIDED BY EITHER YOU OR ME.
25. Insurance Provided By You. You are not an insurance agent or broker. 8:Jt.
if I request that insurance premium costs be included in the Total Monthly
Payments or if I do not keep adequate insurance in force, then You may submit
an application for insurance in my name. I agree to pay the premium for any
such insurance to You as additional rent. These payments are subject to !i1crease
if the cost of tile insurance rises. When these charges increase. I may provide
insurance coverage if I wish. If You believe that the vehicle is exposed to
extremely high risks or ;f the insurer cancels its policies covering the \'2h~c:2.
then You may require that I obtain insurance coverage for the vehicle. !f I am
required to obtain such insurance, then the Total Monthly Payments VJill b:;
appropriately adjusted to reflect this.
26. Insurance Provided By Me. You will be named as an additional insured end
loss payee on all insurance policies. Before the vehicle is delivered to me, I will
provide proof of insurance to You. The insurance policy will be endorsed to
provide that the insurer will notify you if the insurance is modified or canc;eijed.
The insurance obtained and the insurer must be acceptable to '( ou.
27. Taxes, Licensing and Registration. I will pay all taxes, government assessments,
fees and charges associated with the vehicle other than those indicated in Item
8 to be paid by You.
28. Additional Rent. I will pay as additional rent a mileage charge in the amount
shown in item 15 for mileage in excess of the Annual Mileage Allowance show"n
in Item 14 and for the cost of repairing any unreasonable wear and use of the
vehicle as described in Item 29.
29. Standards for Wear and Use. Minor bumper scratches, dents, stone chips. body
scratches and paint chips on side that do not indicate contact with a foreign
object are considered normal wear for the exterior. Alterations (such as hole
drilling. etc.) due to the installation by Me of trailer hitches, signs, accessories.
etc., body hits or severe scratches, which require sheet metal work ar.d or
repainting to make the vehicle acceptable, damaged windshield or other glass,
bumper damage of collision severity. improper body repair work and Of poorly
matching paint, severe collision damage. are all not acceptable and not
considered normal wear. Carpet and trim wear proportionate to the mileage,
minor scratches and stains are normal wear for interior. Damage caused by
installation of accessories. severely scratched or damaged mouldings or
instrument panel. permanently stained or damaged trim and carpets are not
acceptable and not considered normal wear. At lease termination and vehicfe
turn in time. the vehicle must have all original equipment including five original
equipment tires. The vehicle must be in satisfactory operating condition, including
engine. drive train. brakes and steering. All replacement parts or equipment must
be genuine manufacturer's parts or equipment for the above make vehicle. TIle
vehicle must be protected with glycol-type antifreeze with rust inhibitor to at
least minus 20 degrees Fahrenheit at time of turn in. Tires should have at least
1/8" of measurable original tread remaining and must be identical with original
equipment. Off-brand or 2nd line tires are not acceptable replacements. Tire
wear must be proportionate to the mileage. Failure to maintain proper W;~02!
alignment or severe wear not proportionate to mileage is not considered normal
wear. You and I or our agents. shall inspect the returned vehicle and provide
a jointly signed report on the condition of the vehicfe.
30. Use of the Vehicle. I will use the vehicle only in the Continental United Sh;'ps
and Canada. I promise that I will permit only safe, careful, licensed driv;;i:; to
operate the vehicle. I also promise that the vehicle will not be used for f,;r2
be used illegally.
31. Maintenance. The Person indicated below is responsible for providing tires and
for performing all maintenance services required or recommended in the Vehicle
Oper?~or's Manual and otherwise keeping the vehicle in good operating
condition:
Provided .by
You
o
o
PnMded by
Me
K:l
KJ
Maintenance
Tires: Maximum No.
I will keep the vehicle in good condition and operating order, proilCr1j serviced
and repaired using the maintenance program required by the manufacturer to
make sure that the warranty remains valid. I will pay the costs for aU gasoline"
oil, antifreeze, washing. polishing, towi~ and storage necessary to mai!lta!n
the vehicle in good condition. '
32. Warranties. THE MANUFACTURER'S LIMITED WARRANTY APPLIES TO THIS
VEHICLE. YOU GIVE NO IMPLIED WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTlCUlAR PURPOSE. NOR ANY OTHER WARRANTY
EXPRESS OR IMPLIED.
33. Return of Vehicle. At the end of the lease term, or upon earlier termination..
I will return the vehicle to the location shown in Item 2.
34. Actual Value of Vehide. Within seven (7) days of the return of the vehicle..
You will obtain the highest available cash wholesale offer for the vehicle and
notify Me of any gain or loss to be realized on the sale. If I feel that the cash
offers received by You are too low, I may obtain, at My own expense, from an
independent third party agreeable to both You and Me a professioinal appro.isa~
of the cash wholesale value of the vehicle which could be realized at sale. I
will notify You within five (5) days if I wish to obtain a professional appraisal
as explained in Item 37. III do not notify You within five (5) days, You may
accept the offer and I must pay any loss or will receive any gain as stated in
Item 36 or 37. The actual value of the vehide shall be the amount of the cash
wholesale offer unless a professional appraisal is obtained in which case the
appraised value shall be the actual value and shall be final and binding.
35. Premature Termination. I may terminate this lease at any time after six (6)
months from the date the vehicle was delivered to Me by(a) giving you thirty
(30) days written notice. (b) returning the vehicle. and (e) paying the amount
of any loss computed according to Item 36.
36. Premature Termination liability:
(a) The Premature Termination Value of the Vehicle is the estimated Wholesale
value of the vehicle at the end of the lease term, Item 10, plus the unpaid portion
of any annual license fees and taxes paid by You on My behalf, plus the product
of the Premature Termination Factor. hem 16. times the number of unexpired
months to the end of the lease Tenn.
(b) If the. actuaf value of the veh;c!~ at !.he t;mc that the !C0~~ !$ pf~l'~t'L~~'
terminaled is greater than the Prem,lture Ytm1l,aalion Vahle, , '~"jm have 00 {ucliiki:J
liability under this Lease. except for other charges already incurred, and I am
entitled to a credit or refund of any surplus. If the actual value of the vehicle
is less than the Premature Tenn2nation Value. I will be liable to You for any
difference in value.
37. End of Term liability
(a) The Estimated Wholesale value of the vehicle stated in item 10 is based 00
a reasonable, good faith estimate of the va'ue of the vehicle at the end of the
lease term. If the actual value of the vehicle at the time isgreatel' than the
Estimated Wholesale Value. I will have no further liability under this lease. except
for other charges already inaJrred. and I will be entitled to a credit or refund
of the surplus.
If the actual value of the vehide is less than the Estimated Wholesale Value"
I will be ~iable for any difference up to three (3) times the Basic Monthly lease
Payment except in the following states which have enacted the Uniform
Commercial Credit Code including but not limited to : Indiana. Utah.. Idaho"
Colorado, Wyoming, Iowa. Kansas. Maine and Oklahoma where I will be liable
for any difference up to twice the Basic Monthly Lease Payment For any
difference in excess of that amount.. I will be liable only if:
(1) Excessive use or damage.. as described in Item 29 resulted in an unusual~
low value at the end of the term. or
(2) I voluntarily agree with You after the end of the Lease Term to make a h~her
payment, or
(3) The matter is not otherwise resolved and You win a lawsuit against Me
seeking a higher payment
Should You bring a lawsuii against Me, You must prove ihat Your oo~~rk1J
estimate of the value of the leased property at the end of the Lease Term ..as
reasonable and was made in good faith. For example, You might prove that tbe
actual value was less than the original estimated value. although the original
estimate was ieasooCibie. because of an unanticipated decline in value for that
type of vehicle. Unless You prove that the excess amount owed was the resutl
of excessive use or unreasonable wear and tear. You will pay My reasooabfte
attorney's fees.
(b) If I disagree with the value You assign to the vehicle, I may obtain arMy
own expense, from an independent third party agreeabfe to both of Us, a
professional appraisal of the wholesale value of the leased vehicle which could
be realized at sale. The appraised value shall then be used as the actt!al value.
38. Theft or Destruction of Vehicle. If the vehicle is lost, stolen, damaqed or
destf{~yed .such that it cannot be economically repaired in Your judgement, the
lease will end thirty (30) days after notice to You of the loss, the tf;eft, or
damage. I will pay to You the Premature Termination Value of the vehiclc, Item
36, less any insurance proceeds payable to You.
39. Default
(a) The time at which events occur is very impor1ant to litis agreement; so, if
I default on this lease, You may demand the payment of all morey due or to
hecmr.c due under this leaSt, and may rdn(..e the ,,'e:;:c!c s'.'sn if Ycu must ssnd
someone onto My pro((erty to retake the vehiCle. In addition, i agree that ONE
HUNDRED DOLLARS (~1 uO) would be a reasonable amount to pay in damages
for Y~ur inconvenience; I wil( also pay You for any specific damages or expense
You Incurred as a result of My default including reasonable attorrey's fees.
(b) I will have defaulted on this lease if I:
(1) do not pay any payment when due, or
(2) do not do any of the things required of Me in this Lease, or
(3) do not provide and maintain the insurance required by this Lease. or
(4) misuse the vehicle, or
(5) cause the vehicle to be taken by state or federal emp'oyees, cr
(6) file in bankruptcy or someone else files in bankn'n1cy against
(7) terminate the Lease before six (6) months after Tie '..-ehicle is
to Me or,
(8) make You believe that I am going to hide tI:2 \'chicle, or ~:c!l ::, (:'1
to another state in order avoid paying '(au, or
(9) die.
40. Indemnity. I will protect You from, Clnd repay You for, any loss C'i G~~n~(;g~ 3S
a result of (a) payment of any fine, penalty, liability, c:laim, in;ury I cC:'~( G( f?.'T ens:?
resulting from the violation of any law, ordin2QCe, rt;~t" ()~ 1';- f({;':l
(b) any damage, loss, theft at destruction of the vehicle; or U',~) u ~c I
condition or operation of the vehicle during the L~:a:::p. T crill.
41. Damages. You are not responsible to Me. or anyo:12 e~';~;, fer ::lilY loss cf
or other damage caused by the interruption of the nl2intenance cr ~(,~, :r~c
furnished by You, or for the time lost in repairing, rep!acing or c>l;'/::rir.J '.;-<::'
vehicle nor for any loss or damage of any kind.
42. Security Deposit. I will'pay You a security deposit in the amo'.mt sh~r,vn ;r: ;!CTl
3, if any, as security for My performance of the terms of this Ag~eer~er.t. If::t
any time I am in default or breach of this ~grec;ment or there are otl::;n';;~::
amounts due under this Agreement, You sh?.li have the righi ',', ithou! t.]
apply all or part of the security deposit in of ';'OU! d;1f:I(:~:,~3. if
security depl'sit is n~t 2:pp!:cd t:)\':~rd Y !Jt]~ : ~
within a reasonable time after !ease tee mine h.. ;~.
43.. Amendment. This lease is the entire 2GreerT,e": bettI/sell v au 2;iJ "") T;-;,
agreement can only be changed by a v7riHe:-1 agreement sign~d lei L'::;(i You
and Me.
44. Succession. This lease shall be binding upon My he;:-s, e~~8CL':()iS,
and their legal representative, successors and assigns.
45. Waiver. If you do not assert any rights under this 3.grecr::ent Of elf r!(}J~,
default, that does not change the agreement and Ycu may 2ssert th::~ r;~:ht !a'~.-
or choose not to overlook a default at another time.
46. Assignment. You have given Me rights in this 29re0m~:i't tut I c(\r;r'~~
. sell those rights to anyone else.
47. Severability. If any term or condition of this lease is fC.L~'ij to b.:;
law, only such term or condition will be invalid and the other terms and (;cr,d;t:cns
of this lease will not be invalidated.
NOTICE:
Any holder of this consumer credit contract is sub18c~ t.c ?n
and defenses which the debtor could ass'~rt agains! u~;; ~?: L .::~
of goods or services obtained p~rsuan! hereto or
proceeds hereof. Recovery hereunder by the r :;btor sh:;~ 11 :Y:,l
exceed amounts paid by the debtor here71nder.
NOTICE TO ME:
1. I will not sign this Agreclnent untH ! ha -,,';-;; c':dnp!etr~j'
fully understand it and it does nol cont:~;n ~ny b'a;~k ~rt3r"'~.
2. i (tcknuwiedge that i have received a comr;etsd, fiHe(~.:~~ Ci':~:/
of this lease.
LEASING ~ ~~ee ("~~:.~ OJE -Z.TY.Al'~~EY
Eug~e R. L-. - n,Sr.,Mayor Monroe Cty.
Date Verified by ----------------------..-----------------
by.
My Insurer is
Telephone
Time
VEHICLE DELIVERY
I have today examined the yeh~de described in the above lease and find it ID be in good operating condition, therefore, 1 bave today
accordance with the terms and mnditions of the above lease.
Delivery Date
Odometer Reading
Form CFD-273-PL-2 NORtC~ Oll<lU\HOMA CHY
Lessee ("i". "r,'1e" or "My")