A trade-in vehicle used to reduce the capitalized cost must be identified as a trade-in vehicle in the lease agreement and identified by year, make, and model. The lease agreement must state the net credit of the trade-in vehicle used to reduce capitalized costs.
Fla. Stat. § 521.005
Trade-in vehicle
Known as the Motor Vehicle Lease Disclosure Act
The act spans §§ 521–521 (6 sections).
History.--s. 5, ch. 95-350.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.