This Lease is meant to be used by one individual dealing with another individual rather than a dealership situation. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
Car Rental Contract With Debit Card In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00400BG
Format:
Word;
Rich Text
Instant download
Description
An "Automobile Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by a leasing company or bank ("financier") . It is usually prepared or provided by the automobile dealership. This type of Automobile Lease is one the methods by which an automobile may be financed. It allows the customer to drive an automobile by making monthly payments to the financier. The payments serve to compensate the financier for the depreciation in value of the automobile during the time it is being driven. The financier will also assess a monthly finance charge that is similar to interest on a loan. This compensates the financier for the use of their money that is tied up in the purchase of the automobile from a dealer. The financier or car dealership actually owns the automobile. The automobile is leased for a specific period of time and is typically returned to the car dealership at the end of that time.
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Debit cards are accepted for payment at the end of your rental regardless of vehicle type rented. If you only have a debit card and no credit card, you are considered to be a poor credit risk.Many rental companies won't accept a debit card. A rental vehicle company shall not charge more than the following amounts per full or partial twentyfour hour rental day for optional vehicle protection. Learn how to rent a car with just your debit card, even with age restrictions, paperwork and extra deposits. All renters must have a valid driver's license and a major credit card or debit card in their name. Utility bills need to be the most current or from the last 30 days and cannot be Past Due. Travis County taxpayers asked us to make credit and debit card and electronic check payments available to them. The same credit or debit card used to complete an online Pay Now reservation must be presented at the rental pick-up counter as a form of identification. A publication to assist renters of motor vehicles with permitting, tax collection, reporting and records retention for tax on gross rental receipts.