Section 10 - Rented and Leased Vehicles
Section 10 in a first interview asks if there are any vehicle lease payments or new leases, then collects details about those vehicles and expenses.
Since the first of the reference month, have you or any members of your CU
made any lease payments or begun leasing any automobile, truck, van, minivan, or SUV not
used entirely for business?/begun leasing any automobile, truck, van, minivan, or SUV
not used entirely for business?
* IF YES - Read each item on list
Do you lease any . . .
- Automobiles?
- Trucks, minivans, vans, or SUVs?
- None/No more entries
* Ask if necessary
What is the model year of the vehicle?
[enter value] _____________
What is the make and model of this vehicle?
[enter text] _____________
Is it used for business?
- Yes
- No
What percentage of the mileage is counted as a business expense?
[enter value] _____________
What was the number of payments contracted for? [enter value] _____________
In what month was or will the first payment be made?
[enter text] _____________
In what year was or will the first payment be made? [enter value] _____________
What is the amount of each payment? [enter
value] _____________
What period is covered by each payment?
- Week
- 2 weeks
- Month
- Quarter
- Semiannually
- Annually
- One time payment
- Other
* Specify: [enter text] _____________
Does the payment include any charges other than the lease
amount such as auto insurance or maintenance?
- Yes
- No
How much of the payment is for these extra charges?
[enter value] _____________
Is any of the lease payment paid by an employer?
- Yes
- No
How much? [enter value] _____________
Was a trade-in allowance received?
- Yes
- No
How much? [enter value] _____________
Was a cash down payment made?
* Read if necessary-
Your lease agreement may list this as a capitalized cost reduction.
- Yes
- No
How much? [enter value] _____________
Was any portion of the cash down payment paid by an employer?
- Yes
- No
How much? [enter value] _____________
Do you still have this vehicle?
- Yes
- No
In what month was the lease terminated? [enter
text] _____________
In what year was the lease terminated? [enter
value] _____________
Were any fees incurred at the termination of the lease?
- Yes
- No
Example of Termination of Lease Fees:
Disposition Fee
Disposal Fee
Excess Mileage
Excess Wear and Tear
How much? [enter value] _____________
Did you lease any other automobiles/trucks, vans, or SUVs?
- Yes
- No
End of Section 10
Go to Section 11
- Owned Vehicles »
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Last Modified Date: November 8, 2007