Motor Vehicle Lease—Closed End

The closed-end motor vehicle lease agreements are designed to meet Regulation M requirements and any other state and federal requirements on auto leasing.

They are suitable for both consumer and business purposes and for transactions with equal monthly payments or a single payment. It makes the lessee responsible for any guaranteed auto protection (GAP) liability. A section of the contract allows the lessee to remove that liability by purchasing a separate GAP waiver or insurance contract.  

Lease agreements are available for all 51 jurisdictions and include a multistate version, a Uniform Consumer Credit Code version, and state-specific versions.