A charge included in most lease transactions that is either paid upfront or is included in the gross capitalized cost. It may be called a bank fee or an assignment fee. This fee usually covers a variety of administrative costs, such as the costs of obtaining a credit report, verifying insurance coverage, checking the accuracy and completeness of th [..]

A party who is covered by another party's insurance policy. The lessor typically requires you to name the lessor as an additional insured under your vehicle insurance policy.

The amount capitalized at the beginning of the lease, equal to the gross capitalized cost minus the capitalized cost reduction. This amount is sometimes referred to as the net cap cost.

See Personal property tax.

Amounts such as taxes, fees, charges for service contracts, payments for insurance, and any prior credit or lease balance that are included in the gross capitalized cost and are paid as part of the base monthly payment.

The total of any capitalized cost reduction, monthly payments paid at signing, security deposit, title and registration fees, and other amounts due before you take delivery of the vehicle. 

(annual percentage rate) -- The annualized cost of credit expressed as a percentage in a finance agreement. In a lease, there is no annual percentage rate or equivalent rate.

A third party that buys a lease agreement from a lessor. The lessee becomes obligated to the assignee, and the assignee generally assumes the responsibilities of the lessor, although some obligations may remain with the first lessor.

The sale of a lease agreement and transfer of the ownership rights for the leased vehicle from the lessor to an assignee. Many leases are assigned at the time the lease is signed.

A lessor that sells the lease agreement and transfers the ownership rights for the leased vehicle to an assignee.