Leasing and Your Legal Rights

You have the legal right to review the leasing contract for 24 hours before you actually have to sign the contract…

If you want to give up these rights you must do so in writing. The form is called a “lease waiver of rights”
Every car dealership has you sign this form usually just before signing the actual lease contract.

You must actually waive your right to review the lease contract for 24 hours before signing the contract.


This form requires 4 sets of initials and a full signature

The first initials: ( top left of the form) is to acknowledge you understand your rights and that you have 24 hours to look over the lease contract before signing it. By initialing, you agree to waive your right to review the contract at home for 24 hours.

The second set of initials: (right side about 2-3 inches below the first initial) is to acknowledge you understand the selling price of the vehicle. By initialing you agree to waive your right to review the contract at home for 24 hours.

The third set of initials: (about 2 inches below the second set of initials) is to acknowledge you understand the purchase option at lease end. By initialing you agree to waive your right to review the contract at home for 24 hours.

The fourth set of initials: (about 2 inches below the third set of initials) is to acknowledge you understand it may cost you thousands of dollars, if you want to get out of this lease early. By initialing you agree to waive your right to review the contract at home for 24 hours.

A full signature is required: (bottom right side about 3 inches below the fourth set of initials) is to acknowledge you understand this is a lease agreement and not a loan agreement and that you have no equity in this vehicle and it belongs to the lessor and not you. By signing you agree to waive your right to review the contract at home for 24 hours.

Never initial and sign the waiver of rights

Take the contract home and fax it or email it to me.
Fax# 862-238-7824

Please call to verify fax machine is turned on


Ed@personalcarnegotiator.Com
Edwardjuliano@yahoo.Com
I can tell you what it says and give you guidance

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