What is a Dealer Required to Tell Me about Financing?
There’s a law insuring you are provided with the information needed for you to make an informed decision about your car lease financing. It’s called the Federal Consumer Leasing Act (FCLA) and it protects you by requiring the leasing company to disclose information before a lease is signed including: – The initial payment amount for the car you are leasing. – Any fees or taxes you will be required to pay. – The total number of payments you will pay for the lease and the monthly payment amount. – What you will be charged for default or late payments. – Your allowed annual mileage and what will be charged for excessive mileage. – Contractual obligations related to early lease termination. – If you will have the option to purchase the car at the end of the lease and its price. – Payments or fees due at the end of the lease. Your best tool in getting great car lease financing is knowledge. MyAutoloan.com wants you to be well informed about your financing choices. Come to our site to find o