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Volvo Trucks VMN 200 | Car, Auto,
Used Cars: Up-Front, Ongoing and End-of-Lease Costs
Late charges. You {$} must pay the full
monthly scheduled payment amount by the designated due date, as stated in your
lease agreement. If the Car, Auto full payment is not paid by the due date
or during any applicable grace period Volvo Trucks VMN 200 stated in the lease (often
10 days), {$} you will usually incur a late charge. The late charge amount is
either a percentage of the unpaid payment or a fixed dollar amount.
If you become delinquent in your Car, Auto lease payments (and therefore
default on your lease), the lessor has the Volvo Trucks VMN 200 right to repossess the
vehicle. If your vehicle is repossessed, you {$} will owe early termination and
default charges. See the section Early Termination.
Volvo Trucks VMN 200 | Car, Auto,
Used Cars: Up-Front, Ongoing and End-of-Lease Costs
Calculation of the {$} early termination
charge. The calculation of the early termination charge is set forth in the
lease. Usually, the amount credited for the vehicle Car, Auto you've leased
will be the actual wholesale price received for the Volvo Trucks VMN 200 vehicle or a
wholesale value established by some other means, {$} such as an independent
appraisal.
The early termination charge may include such charges as a vehicle disposition
fee Car, Auto and taxes. In virtually all cases, you must pay other amounts
owed, Volvo Trucks VMN 200 such as late charges, past-due monthly payments, and
parking {$} tickets.
Some lessors also charge an additional amount, usually a fixed dollar amount,
Car, Auto to reimburse their costs of early termination and the portion of
their initial costs Volvo Trucks VMN 200 that would have been covered by the remaining
rent charge.