MOTOR VEHICLE
LEASE AGREEMENT

Approval No.: ______________________

Lease Dealer: ______________________

Lessee(s) Name(s) and Address(es)




Dealer Number:

Lessee(s)





County:

Lease Billing Address (if different from above) ________________________________________________________________________________________________________________
                                                                       Street Address, City, State, Zip Code, and County

Garaging Address (if different from above)        ________________________________________________________________________________________________________________
                                                                       Street Address

                                                                       ________________________________________________________________________________________________________________
                                                                       City, State, Zip Code, and County


"You", (the "Lessee" and "Co-Lessee", if applicable) agree to lease from Lessor the following Vehicle. If more the one Lessee executes this Lease, each Lessee will be individually liable for the entire amount owing under this lease. Lessee will assign this lease and leased Vehicle to _______________________ or its assignee (the "Holder")

Description of Leased Vehicle

YEAR

MAKE

MODEL

BODY STYLE

VEHICLE IDENTIFICATION NUMBER

ODOMETER READING

Ǥ

NEW

Ǥ

USED

Ǥ

DEMO

Primary Use of Vehicle is for Personal, Family, or
Household purposes unless the following box is checked

Ǥ

Primary Use of Vehicle is for Business,
Commercial, or Agricultural purpose.

Description of Trade-in Vehicle

YEAR

Gross Trade-in Allowance . . . . . . . . . . . . . . . . . . .    $ __________________________

Amount Owed on Trade-in . . . . . . . . . . . . . . . . . . .    $ __________________________

Gross Trade-in Allowance . . . . . . . . . . . . . . . . . . .    $ __________________________

MAKE

MODEL

TRUTH IN LEASING DISCLOSURES

Amount Due at
Lease Signing or
Delivery

                      (Itemized Below)*

$ ______________________

Monthly Payments

A. Your first Monthly Payment of $ _________

is  due _______________, followed by _____

payments of $ ________________, due on the

________________ of each month,  beginning

on ___________________________________

B. The Total of your Monthly Payments is

$ ______________________________

Other Charges

                                             (Not Part of Your

Monthly Payment)

A. Turn-in Fee

(If you do not

purchase the Vehicle)   $ ______________

B. _________________ $ ______________

C.                           Total $ ______________

Total of Payments

(The amount you will have
paid by the end of the Lease)

$ ______________________

(Section 1 plus Section 2(B) plus Section 3(C) minus Section 5(A)(3) minus Section 5(A)(4)

*Itemization of Amount Due of Lease Signing or Delivery

A. Amount Due at Lease Signing or Delivery:

      1. Capitalized Cost Reduction . . . . . . . . . . . . . . . . . . . . $ _____________

      2. Taxes on Capitalized Cost Reduction . . . . . . . . . . . . .$ _____________

      3. First Monthly Payment . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      4. Refundable Security Deposit . . . . . . . . . . . . . . . . . . . $ _____________

      5. Title Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      6. Registration Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      7. License Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      8. Sales Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      9. Documentary Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

    10. California Tire Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

    11. ________________________ . . . . . . . . . . . . . . . . . . $ _____________

    12. Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

B. How the Amount Due at Lease Signing or
     Delivery will be Paid:

      1. Net Trade-in Allowance . . . . . . . . . . . . . . . . . . . . . . . $ _____________

      2. Rebates and Non-Cash Credits . . . . . . . . . . . . . . . . . $ _____________

      3. Amount to be Paid in Cash . . . . . . . . . . . . . . . . . . . . .$ _____________

      4. Amount to be Paid in Credit Card . . . . . . . . . . . . . . . .$ _____________

      5. Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________

Your Monthly Payment is Determined as Shown Below:

A. Gross Capitalized Cost.

The agreed upon value of the vehicle ($_________________ ) and any items you pay over

the lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance) .................................. $ __________________

B. Capitalized Cost Reduction.

The amount of any net trade-in allowance, rebate, noncash credit, or cash you pay that

reduces the gross capitalized cost .................................................................................................. ................................................. - __________________

C. Adjusted Capitalized Cost.

The amount used in calculating your base monthly payment ........................................................... = __________________

D. Residual Value.

The value of the vehicle at the end of the lease used in calculating your base monthly payment ........................ - __________________

E. Depreciation and any Amortized Amounts.

The amount charged for the vehicle's decline in value through

normal use and for other items paid over the lease term ................................................................................................................. = __________________

F. Rent Charge.

The amount charged in addition to the depreciation and any amortized amounts ...................................................... + __________________

G. Total of Base Monthly Payments.

The depreciation and any amortized amounts plus the rent charge ..................................... = __________________

H. Lease Payments.

The number of payments in your lease (The number of months in your Lease ("Lease Term") .......................... ÷ __________________

I. Base Monthly Payment

...................................................................................................................................................................... = __________________

J. Monthly Sales Use tax

...................................................................................................................................................................... + __________________

K. _______________________

........................................................................................................................................................... + __________________

L. Total Monthly Payment ("Monthly Payment")

.......................................................................................................................... = $ __________________

Early Termination. You may have to pay a substantial charge if you end this lease early. The charge may be up to several thousand dollars. The actual charge will depend on when the lease is terminated. The earlier you end the lease, the greater this charge is likely to be.

Excessive Wear and Use:

You may be charged for excessive wear based on our standards for normal use. The following standards are applicable

for for determining unreasonable or excess wear and use of leased vehicle: You will be charged an additional _________ per mile for each mile above         ____________ miles.

Purchase Option at end of Lease Term:

You have an option to purchase the vehicle at the end of the Lease Term for a Purchase Option Amount of

$ ____________ plus a purchase option fee of $ ____________ plus all amounts you owe under the Lease plus any Official Fees and Taxes imposed in         connection with the purchase of the vehicle.

Other Important Terms:

Refer to the lease documents for additional information on early termination, purchase options and maintenance

responsibilities, warranties, late and default charges, insurance, and any security interests.

Itemization of Gross Capitalized Cost

A. The agreed-upon value of vehicle.................................$_______________(A)

B. Add On Accessories and Optional Equipment..............$_______________(B)

1._______________________.......$_____________
2._______________________.......$_____________
3._______________________.......$_____________

C. Insurance.......................................................................$_______________(C)

1._______________________.......$_____________
2._______________________.......$_____________

D. Service Contracts..........................................................$_______________(D)

1._______________________.......$_____________
2._______________________.......$_____________

E. Optional Debt Cancellation Agreement..........................$_______________(E)

F. Prior credit/lease balance..............................................$_______________(F)

G. Other..............................................................................$_______________(G)

1._______________________.......$_____________
2._______________________.......$_____________

H. Document Preparation....................................................$_______________(H)

I. Optional DMV Electronic Filing Fee.................................$_______________(I)

Gross Capitalized Cost. . . . . . . . . . . . . . . . . . . . . . . .$_______________

Vehicle Insurance:

I agree to buy and maintain during the lease term,

and until the vehicle is returned to you, insurance on the Vehicle which has the following minimum coverages:
1. Public Liability for $____________________________
2. Property Damage for $__________________________
3. Collision for actual value with a maximum deductible of $____________
4. Comprehensive, including fire and theft, for actual value with a maximum     deductible of $_____________
I understand that the policy must provide you with primary coverage as an additional insured on Items 1 and 2 and as a loss payee on Items 3 and 4.

Ǥ I elect to purchase the required insurance for $ _______________ for     _____ months from you.
Ǥ I will by the insurance from an insurance company which is acceptable to you and will furnish you with whatever written proof of coverage you may request.

GAP LIABILITY NOTICE

In the event of theft or damage to the vehicle that results in a total loss, there may be a GAP between the amount due upon early termination and the proceeds of your insurance settlement and deductible. THIS LEASE PROVIDES THAT YOU ARE LIABLE FOR THE GAP AMOUNT. Optional coverage for the GAP amount may be offered for an additional price.

Ǥ I elect to purchase GAP insurance for $ _______________

Estimated Official Fees and Taxes:

You will pay during the Lease Term for official fees, vehicle registration, certificate of title, license fees, and

taxes, including personal property tax whether incIuded with Your Monthly Payment or assessed otherwise $______________________. The actual total of fees and taxes may be higher or lower depending on the tax rates in effect or the value or the Vehicle at the time a fee or tax is assessed.

End of Term of Liability:

(a) The residual value ($__________________) of the vehicle is based on a reasonable, good faith estimate of the value of

the vehicle at the end of the lease term. If the actual value of the vehicle at that time is greater than the residual value, you will have no further liability under this lease, except for other charges already incurred [and are entitled to a credit or refund of any surplus.] If the actual value of the vehicle is less than the residual value, you will be liable for any difference up to $ (3 times monthly payment). For any difference in excess of that amount, you will be liable only if:

1. Excessive use or damage [as described in paragraph - ] [representing more than normal wear and use] resulted in an unusually low value at the end of the term.
2. The matter is not otherwise resolved and we win a lawsuit against you seeking a higher payment.
3. You voluntarily agree with us after the end of the lease term to make a higher payment. Should we bring a lawsuit against you, we must prove that our original estimate of the value of the leased property at the end of the lease term was reasonable and was made in good faith. For example, we might prove that the actual value was less than the original estimated value, although the original estimate was reasonable, because of an unanticipated decline in value for that type of vehicle. We must also pay your attorney's fees.

(b) If you disagree with the value we assign to the vehicle, you may obtain, at your own expense, from an independent third party agreeable to both of us, a professional appraisal of the value of the leased vehicle which could be realized at sale. The appraised value shall then be used as the actual value.

Vehicle Warranty:

This vehicle covered by a limited or extended warranty if one or more of the following is checked:

Ǥ Standard New Vehicle Limited Warranty Ǥ Used Vehicle Limited Warranty Ǥ Remainder Standard New Vehicle Limited Warranty

You have the right to return the vehicle, and receive a refund of any payments made if the credit application is not approved, unless nonapproval results from an incomplete application or from incorrect information provided by you.

THERE IS NO COOLING OFF PERIOD

California law does not provide for a "cooling off" or other cancellation period for vehicle leases. Therefore, you cannot later cancel this lease simply because you change your mind, decided the vehicle costs too much, or wish you had acquired a different vehicle. You may cancel this lease only with the agreement of the lessor or for legal cause, such as fraud.

Notice to Lessee:
(1) Do not sign this agreement before you read it or if it contains any blank spaces to be filled in. (2) You are entitled to a completely filled in copy of this Lease. (3) Warning--Unless a charge is included in this lease for public liability or property damage insurance, payment for that coverage is not provided by this lease.

YOU AGREE TO THE TERMS OF THIS CONTRACT. YOU CONFIRM THAT BEFORE YOU SIGNED THIS CONTRACT, WE GAVE IT TO YOU, AND WERE FREE TO TAKE IT AND REVIEW IT. YOU ACKNOWLEDGE THAT YOU HAVE READ BOTH SIDES OF THIS CONTRACT, INCLUDING THE ARBITRATION CLAUSE ON THE REVERSE SIDE, BEFORE SIGNING BELOW. YOU CONFIRM THAT YOU RECEIVED A COMPLETELY FILLED-IN COPY WHEN YOU SIGNED IT.

Lessee Signature X ______________________________ Date __________    Co-Lessee Signature X _______________________________ Date ___________

A Co-Lessee is a person who is responsible for paying the entire debt.

Seller Signs ____________________________________ Date ___________     By X _________________________________________ Title ___________