How do I find out what the terms in my lease agreement mean?

updated DEC 12, 2016

How do I find out what the terms in my lease agreement mean?

Answer:
Under the federal Consumer Leasing Act (CLA), the person or company whom you lease a vehicle from, known as the “lessor,” must provide written disclosures of certain costs and terms to you if the lease is longer than four months and meets other requirements.

Most automobile leases will be subject to the CLA. The Federal Reserve’s “Keys to Vehicle Leasing” provides a , a , and a These materials will help you understand the terms of your auto lease.

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How do I find out what the terms in my lease agreement mean?

Answer:
Under the federal Consumer Leasing Act (CLA), the person or company whom you lease a vehicle from, known as the “lessor,” must provide written disclosures of certain costs and terms to you if the lease is longer than four months and meets other requirements.

Money Topics

Money Topics

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Populations Served

Populations Served

Programs

About us

How do I find out what the terms in my lease agreement mean?

Answer: Under the federal Consumer Leasing Act (CLA), the person or company whom you lease a vehicle from, known as the “lessor,” must provide written disclosures of certain costs and terms to you if the lease is longer than four months and meets other requirements.

Answer:
Under the federal Consumer Leasing Act (CLA), the person or company whom you lease a vehicle from, known as the “lessor,” must provide written disclosures of certain costs and terms to you if the lease is longer than four months and meets other requirements.