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Tax-free Car Lease Solutions

car leases

renault's contract form

Renault will send such form to you for full completion and signature. You are not obligated to complete the field pertaining to employment. In the above example, the client, Mr. Joseph Traveler, will pay to Renault $3191.00 well before picking up the vehicle. Provided Mr. Traveler returns the vehicle as agreed, he will not owe Renault (nor IdeaMerge nor any other entity) a dime more at any point in regard to this lease.

Regarding the "negotiable promissory note" at bottom of the contract:

Renault Eurodrive, in facilitating a client's tax-free, short-term lease of a brand new Renault automobile, is charging the client a small fraction of the value of the vehicle. As such, Renault Eurodrive is at risk, for it is not sure that the client will indeed return the vehicle nor that the client will do so in a reasonably timely manner. To protect itself relative to this risk, Renault Eurodrive in terms of said promissory note attaches a certain total value to the vehicle and asks the client to sign that note before commencement of the lease. In theory Renault Eurodrive could eventually present this note in a court of law in an effort to recoup from a client the value of such leased vehicle which the client has not yet returned to it or which the client has held for an unusually long duration (on the order of several weeks or months) beyond the official termination of said lease. This is the only meaning of said promissory note. Said promisorry note is not officially binding until 5 days after the agreed due date (which statement happened to be cut off at bottom when we scanned this image, for the contract is drafted on the relatively long, European standard paper size; but this statement will appear on your actual contract). Of course, you may extend your contract prior to (or even after) its official termination date, by following the simple instructions noted on our "Changes/Refunds" page (at left) and included in the booklet Renault Eurodrive provides in its vehicles.

Here's a page bearing the "small print" on back of the contract form. You shouldn't find any suprises thereon, for we've communicated the information precisely and with careful redundancy throughout this Website.