Federal Consumer Leasing Act Disclosures (Vehicle) Page 2

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Appendix A-1 Model Open-End or Finance Vehicle Lease Disclosures

Page 2 of 2

[The following provisions are the nonsegregated disclosures required under Regulation M.]

Description of Leased Property

Year

Make

Model

Body Style

Vehicle ID #

Official Fees and Taxes.

The total amount you will pay for official and license fees, registration, title, and taxes over the term of your lease, whether

included with your monthly payments or assessed otherwise: $

Insurance.

The following types and amounts of insurance will be acquired in connection with this lease:

We (lessor) will provide the insurance coverage quoted above for a total premium cost of $

You (lessee) agree to provide insurance coverage in the amount and types indicated above.

End of Term Liability.

(a) The residual value ($ ______________ ) of the vehicle is based on a reasonable, good faith estimate of the value of the vehicle at

the end of the lease term. If the actual value of the vehicle at that time is greater than the residual value, you will have no further liability under this lease, except

for other charges already incurred [and are entitled to a credit or refund of any surplus.] If the actual value of the vehicle is less than the residual value, you will be

liable for any difference up to $ _________________ (3 times the monthly payment). For any difference in excess of that amount, you will be liable only if:

1. Excessive use or damage [as described in paragraph ____ ] [representing more than normal wear and use] resulted in an unusually low value at the end of

the term.

2. The matter is not otherwise resolved and we win a lawsuit against you seeking a higher payment.

3. You voluntarily agree with us after the end of the lease term to make a higher payment.

Should we bring a lawsuit against you, we must prove that our original estimate of the value of the leased property at the end of the lease term was reasonable and

was made in good faith. For example, we might prove that the actual was less than the original estimated value, although the original estimate was reasonable,

because of an unanticipated decline in value for that type of vehicle. We must also pay your attorney’ s fees.

(b) If you disagree with the value we assign to the vehicle, you may obtain, at your own expense, from an independent third party agreeable to both of us, a

professional appraisal of the ____________ value of the leased vehicle which could be realized at sale. The appraised value shall then be used as the actual value.

Standards for Wear and Use.

The following standards are applicable for determining unreasonable or excess wear and use of the leased vehicle:

Maintenance.

[You are responsible for the following maintenance and servicing of the leased vehicle:

[We are responsible for the following maintenance and servicing of the leased vehicle:

Warranties.

The leased vehicle is subject to the following express warranties:

Early Termination and Default.

(a) You may terminate this lease before the end of the lease term under the following conditions:

The charge for such early termination is:

(b) We may terminate this lease before the end of the lease term under the following conditions:

Upon such termination we shall be entitled to the following charge(s) for:

(c) To the extent these charges take into account the value of the vehicle at termination, if you disagree with the value we assign to the vehicle, you may obtain,

at your own expense, from an independent third party agreeable to both of us, a professional appraisal of the ___________________ value of the leased vehicle

which could be realized at sale. The appraised value shall then be used as the actual value.

Security Interest.

We reserve a security interest of the following type in the property listed below to secure performance of your obligations under this lease:

Late Payments.

The charge for late payments is:

Option to Purchase Leased Property Prior to the End of the Lease.

[You have an option to purchase the leased vehicle prior to the end of the term.

The price will be [$ _______________________ /[the method of determining the price].] [You do not have an option to purchase the leased vehicle.]