Amounts rebated or credited, or special programs offered to encourage the lease of certain vehicles.
Independent leasing company. A leasing company that offers leases directly to consumers and businesses and is generally not affiliated with a particular automobile manufacturer or financial institution.
A contract in which one party agrees to pay for another party’s financial loss resulting from a specified event (for example, a collision, theft, or storm damage). Lease agreements generally require that you maintain vehicle collision and comprehensive insurance as well as liability insurance for bodily injury and property damage.
Insurance verification. The process of obtaining verbal or written confirmation of required coverage from your insurance agent or company.