Lease Details

[Brown_Wings]

Is that a second 7500 credit on top of the “tax” credit of 7500?

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[EvAdventure13]

Here are my lease details. R1T dual motor standard pack with forest green exterior , msrp $71,650. Residual is 62.5% . I pick up this weekend

 

[LandonBradford]

what state are you in? they dont charge tax on the lease payments
?

 

[EvAdventure13]

what state are you in? they dont charge tax on the lease payments
?

Georgia . See line g on first page. Sales tax on monthly payments is a total of $1480 paid upfront

 

[Galve2000]

so even with a quick lease buy out, you don't get the savings on the interest?

 

[EvAdventure13]

so even with a quick lease buy out, you don't get the savings on the interest?

That’s not clear yet. I’ll have to see what my early buy out price. I’m not planning on buying it however. EV landscape will be quite different in 2027.

 

[jjswan33]

That’s not clear yet. I’ll have to see what my early buy out price. I’m not planning on buying it however. EV landscape will be quite different in 2027.

But what does the "remainder of this lease" say about "early termination, purchase options..."? Section 15 of what is posted above.

 

[beaker]

0. EARLY TERMINATION
(a) Early Termination Liability. If you are not in default, you may end this Lease at any time before the end of the Lease Term by returning the Vehicle to a place we specify. We may
end this Lease at any time before the end of the Lease Term if you default. If you or we end this Lease before the beginning of the final Monthly Period (defined below) and the Vehicle
is (i) not a Total Loss and (ii) is not subject to a Dealer Purchase Program (see below), then we will assess an Early Termination Charge equal to the Adjusted Lease Balance minus the
Vehicle’s Fair Market Value. For a Monthly Payment Lease, if you have returned the Vehicle as required or we have recovered the Vehicle, then the Early Termination Charge will not
exceed the sum of all remaining Monthly Payments that would otherwise have been due from the early termination date to the Maturity Date and any End-of-Term Liability under Section
33. Your total early termination liability will equal this Early Termination Charge plus any other amounts that have become due and are unpaid at termination (including, for a Monthly
Payment Lease, any unpaid Monthly Payments due before termination), less any credits to your account. We will credit your account for any remaining Refundable Security Deposit (see
Sections 9(d) and 38) and any refunds we may receive from the cancellation of any Optional Insurance or Other Products (see Section 20). For a Single Payment Lease, we will credit
your account for any portion of the Single Payment that is not allocated to the rent charge earned or Depreciation when calculating the Adjusted Lease Balance. Additionally, for a Single
Payment Lease, your early termination liability under this Section will not exceed the amount of any End-of-Term Liability under Section 33 after applying any credits for any remaining
Refundable Security Deposit and any refunds we receive from the cancellation of any Optional Insurance or Other Products. If any of these credits result in a negative early termination
liability, then the excess credits will be refunded to you. If the Vehicle is a Total Loss, your early termination liability will be determined under Sections 28 and 31 rather than under this
Section. Further, if you are in default and the Vehicle has not been returned as required or recovered by us, then we will use the amount that you would have owed if you had exercised
your purchase option under Section 32, including the purchase option fee, as the Adjusted Lease Balance when calculating the Early Termination Charge. (If you pay all that you owe,
including this amount, then we will sell the Vehicle to you under Section 32.) If you return a Vehicle early to a dealer that we specify, that dealer may choose to purchase the Vehicle from
us pursuant to a dealer purchase program between the dealer and us (“Dealer Purchase Program”). If your Vehicle is purchased pursuant to a Dealer Purchase Program, then you will
be notified and you will not be assessed an Early Termination Charge. We are not required to sell the Vehicle under a Dealer Purchase Program and the dealer to which you return the
Vehicle may choose to purchase the Vehicle from us without a Dealer Purchase Program applying or may choose not to purchase the Vehicle. In such cases, the Early Termination
Charge above will apply.
© 2023 JPMorgan Chase Bank, N.A. Member FDICPage 4 of 6
Lessee Initials Here Co-Lessee Initials Here
FORM NO. CAFL-MASTER-LZR/E (REV. 11/23)

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