Adjusted Capitalized Cost definition

Adjusted Capitalized Cost means, for each Closed-End Lease, the difference between (i) the sum of (a) the price of the Closed-End Vehicle agreed upon between the Dealer and the Closed-End Obligor, plus (b) the cost of any items that the Closed-End Obligor pays over the term of the Closed-End Lease, such as taxes, fees, service contracts, insurance and other related products, and (ii) the amount of any net trade-in allowance, rebate, non-cash credit or cash paid by the Closed-End Obligor.
Adjusted Capitalized Cost means the amount computed by subtracting from capitalized cost any capitalized cost reduc- tion, for the purpose of determining the base periodic payment.
Adjusted Capitalized Cost means, for each Closed-End Lease, the difference between (i) the sum of (a) the value of the Closed-End Vehicle agreed upon between the Dealer and the Closed-End Obligor, plus (b) the cost of any items that the Closed-End Obligor pays over the term of the Closed-End Lease, such as taxes, fees, service contracts and insurance, and (ii) the amount of any net trade-in allowance, rebate, non-cash credit or cash paid by the Closed-End Obligor.

Examples of Adjusted Capitalized Cost in a sentence

  • The Lease (if not an Advance Payment Plan Lease) provides for monthly payments in U.S. dollars in an amount equal to the sum of (i) a level scheduled payment that provides a fixed internal rate of return and amortizes the Adjusted Capitalized Cost stated in the Lease to the Contract Residual Value of the related Leased Vehicle over the term of the Lease, plus (ii) other fees and taxes on the Lease.

  • Test 3.3(j) — 9: Adjusted Capitalized Cost Observe the “Your payment is determined as shown below” section of the Lease and confirm that “Gross capitalized cost” minus “Capitalized cost reduction” equals “Adjusted capitalized cost.” Test 3.3(j) — 10: Term Observe the “Payments” box on the Lease and confirm it matches the “Lease payments” in the “Your payment is determined as shown below” section.

  • Test 3.3(j) – 9: Adjusted Capitalized Cost Observe the "Your payment is determined as shown below" section of the Lease and confirm that "Gross capitalized cost" minus "Capitalized cost reduction" equals "Adjusted capitalized cost." Test 3.3(j) – 10: Term Observe the "Payments" box on the Lease and confirm it matches the "Lease payments" in the "Your payment is determined as shown below" section.

  • The Adjusted Capitalized Cost as of the date you and we sign the lease and before application of the first monthly lease payment is shown in paragraph 2 g iii.

  • For these purposed each monthly payment will be allocated when we receive it first to taxes, then to lease charges which have accrued on the basis of a 365-day year since the prior monthly payment on the outstanding Adjusted Capitalized Cost and finally to reduce the outstanding Adjusted Capitalized Cost.


More Definitions of Adjusted Capitalized Cost

Adjusted Capitalized Cost means, for a Lease, (a) the sum of (i) the agreed on value of the related Leased Vehicle, plus (ii) any items the Lessee agrees to pay over the original term of the Lease, minus (b) any amounts paid by the Lessee that reduce the amount in clause (a).
Adjusted Capitalized Cost means, with respect to any Lease, including any Extended Lease, the amount used to calculate the Base Monthly Payment for such Lease.
Adjusted Capitalized Cost means, with respect to any Lease and the related Leased Vehicle, the Gross Capitalized Cost less the Capitalized Cost Reduction, which amount is used in calculating the Monthly Payment.
Adjusted Capitalized Cost means the capitalized cost less any capitalized cost reduction payment made by the retail lessee at the inception of the lease agreement and any net trade-in allowance granted by the retail lessor.
Adjusted Capitalized Cost means the agreed upon amount which
Adjusted Capitalized Cost means the amount which serves as the basis for determining the base lease payment, computed by subtracting from the capitalized cost any capitalized cost reduction.
Adjusted Capitalized Cost means the amount computed by subtracting from capitalized cost any ca- pitalized cost reduction, for the purpose of determining the base lease payment.