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7 Questions to Ask Before You Lease a New CarAre there any lease specials?What is the car's residual value?What is the money factor?How many miles does the lease include?How much money is due up front?What fees does the lease have?What will this vehicle cost me over the life of the lease?
Documents required:Identification. You must present an acceptable form of identification to register your vehicle.Proof of insurance.Completed registration application (Form H-13B).Bill of sale.Payment: A passenger vehicle registration with new plates (and no lien) will cost $195.Proof of ownership.
Leased vehicles must be registered in the names of both the lessor and the lessee. The lessor is designated as LSR; the lessee is designated as LSE.
Connecticut car owners, including leasing companies, are liable for local property taxes. Most leasing companies, though, pass on the taxes to lessees.
What Documents Should I Have On Hand When Leasing a Car?Personal Information.Have a Valid Driver's License.>>>You May Need Additional Documentation.Financial Information.Provide Proof of Residency.Bring Proof of Income.Motor Vehicle Information.More items...
Connecticut Titled For registration of a non-titled vehicle, the registration from the last owner and a Supplemental Assignment of Ownership (form Q-1) and/or Bill of Sale (form H-31) is needed.
Much like with property taxes, since the local dealer or leasing company owns the vehicle you are leasing, they are fiscally responsible for these fees. One of the great things about leasing is that the consumer doesn't usually have to deal with the paperwork and deadlines of registration, titles, and fees.
Requirements for Leasing a CarGood to excellent credit. Not only should your credit history be excellent, but all of your existing loans, revolving lines of credit and credit card accounts should be current.Current ability to pay.Co-signor.Driver's License.Insurance.
Your leasing license on file with the CT DMV. An original "Power of Attorney" document (faxes and copies are not acceptable) stating who has authorization to sign documents for the leasing company. Proof of insurance (your insurance card must include this information) An acceptable form of identification.