Always ask about other options and other deals. The total amount due at lease signing The number, amounts and due dates or payment periods of scheduled payments Whether a security deposit is required. A consumer needs to read and understand this important information so they can comparison shop, so they can compare different lease offers or leasing vs. financing options and decide for themselves what's the best option. With lease ads, for example, the monthly payment can stand out from the rest in big type, but any other payments due at lease signing have to be given equal prominence in the ad. Leases more complex Some consumer advocates feel auto ad disclosures don't go far enough, especially ads for leases, which consumers don't understand as well.
Leases are complicated and difficult to understand.
D.C. When analyzing a lease the three key factors that you need to know are the capitalized cost, residual value and the money factor. In a lease, a person pays the difference between what a car is worth today and what it is expected to be worth at the lease's end, plus a monthly fee to the finance company. A consumer brochure on leasing is available online from the Federal Reserve Board. Changes in the Federal Trade Commission's rules on advertising consumer leases are summarized in an online brochure . The lower the capitalized cost and the higher the residual value, the better the deal is for the consumer.