Key Sections to Check
- Fees: establishment, monthly, early payout/break — and how each is calculated.
- Balloon/residual terms: percentage, amount, and end‑of‑term options.
- Interest calculation method and repayment schedule.
- Insurance add‑ons and whether they’re optional; avoid unnecessary bundling.
Red Flags
- Ambiguous early payout terms or undefined “break costs”.
- Unitemised “packaged” fees or mandatory add‑ons.
- Large balloon with no documented exit plan.
Before You Sign
- Get the drive‑away price and the comparison rate in writing.
- Confirm your cooling‑off rights (vary by state) and delivery timing.
- Keep copies of all disclosures; ask questions if anything is unclear.