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Explain this lease paperwork??

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Old Feb 23, 2007 | 06:59 AM
  #1  
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Default Explain this lease paperwork??

Ninja Edit - how do I attach a pdf file??

Guys,

Never done any type of leasing and my girlfriend asked me to look over her lease. Here it is and I have some questions for you -

What is the final payoff amount?

It says total allowable annual mileage is 12,000 and then says "Mileage Adj + 2%. Does that mean she paid extra to have the 12,000 miles instead of 10 or what?

Thank you guys,
Jonny
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Old Feb 23, 2007 | 07:05 AM
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Just attach like you were attaching a picture.
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Old Feb 23, 2007 | 07:11 AM
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Thx Dave

Here it is.

Jonny
Attached Files
File Type: pdf
Jeep Liberty.pdf (50.7 KB, 239 views)
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Old Feb 23, 2007 | 09:53 PM
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The mileage adjustment was used to raise her residual not decrease it. So I think it was done because she went with a 12K/year lease vs a 15K/year lease.
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