Free Rent to Own Vehicle Agreement Template
RENT TO OWN VEHICLE AGREEMENT
This Rent to Own Vehicle Agreement ("Agreement") is made and entered into on this 5th day of December, 2054, by and between:
Lessor: [Your Company Name], located at [Your Company Address].
-and-
Lessee: Talia Jacobs, residing at Corpus Christi, TX 78401.
Vehicle Description:
|
Make |
Model |
Year |
VIN |
Color |
|---|---|---|---|---|
|
Toyota |
Camry |
2023 |
4T1B11HK4LU129876 |
Silver |
Terms and Conditions
-
Lease Duration: 36 months, from January 1, 2055, to December 31, 2057.
-
Monthly Payments: $350.00 Due monthly starting January 1, 2055.
-
Purchase Option: Buy option at lease end: $12,000.00
-
Maintenance: Lessee must maintain the vehicle, except for manufacturer defects.
-
Insurance: Lessee must list [Your Company Name] as loss payee on their insurance.
-
Default: Missing payments or breaching terms may lead to vehicle repossession.
-
Early Termination: The lessee can end early by paying the balance and a $500 fee.
-
Indemnification: Lessee is liable for vehicle-related damages or injuries.
-
Governing Law: This Agreement is governed by the laws of Texas.
-
Additional Provisions:
-
The lessor may inspect the vehicle with 48 hours notice.
-
Lessee must pay for vehicle repairs if damaged beyond repair.
-
IN WITNESS WHEREOF, the parties hereto have executed this Rent to Own Vehicle Agreement as of the day and year first above written.
|
Lessor's Details |
Lessee's Details |
|---|---|
|
Company's Representative |
|
[Your Name]