Capitalized cost reduction definition

Capitalized cost reduction means the sum, at the time of inception of the consumer lease, of any payments made by cash, check, rebates or the like that constitute a downpayment made by the lessee and the net amount credited by the lessor for any trade− in. The term does not include any base periodic payments due at the inception of the consumer lease.

Capitalized cost reduction. —This term means the total amount of any rebate, cash payment, net trade-in allowance, and noncash credit that reduces the gross capitalized cost.

Capitalized cost reduction means any payment made by cash,

Examples of Capitalized cost reduction in a sentence

• 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 credit union must itemize each component by type and amount, including: o Any refundable security deposit.o Advance monthly or other periodic payment.o Capitalized cost reduction.

• Capitalized cost reduction means the total amount of any rebate, cash payment, net trade-in allowance, and noncash credit that reduces the gross capitalized cost.

• One of the most powerful influences on purchase decisions is price.

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More Definitions of Capitalized cost reduction

Capitalized cost reduction means, with respect to any Lease and the related Leased Vehicle, the total amount of any rebate, cash payment, net trade-in allowance and non-cash credits that reduced the Gross Capitalized Cost at the time of origination of such Lease.

Capitalized cost reduction has the meaning set forth in the Origination Trust Agreement.

Capitalized cost reduction means a payment made by

Capitalized cost reduction means the total amount of any rebate, cash payment, net trade-in allowance, check, credit card debit, and noncash credit or downpayment that reduces the gross capitalized cost, but does not include any periodic lease payments due at the inception of the lease or all of the periodic lease payments if they are paid at the inception of the lease.

Capitalized cost reduction means any payment made by cash, check, rebate or similar means that is in the nature of a down payment by the lessee and any net trade-in allowance granted by the lessor at the inception of the consumer lease for the purpose of reducing the capitalized cost. The term does not include any base lease payments due at the inception of the lease.

Capitalized cost reduction means a payment made by cash, check, credit card debit, net vehicle

Capitalized cost reduction means the sum, at the time of inception of the