Amortization. a. Review the Lease and confirm the product of the number of payments and the base monthly payment, together with any first and last payments, if applicable, is equal to the total of base monthly payments. b. Review the Lease and confirm the adjusted capitalized cost minus the Stated Residual Value is equal to the depreciation and any amortized amounts. c. Review the Lease and confirm that the depreciation and any amortized amounts equals the total of base monthly payments.
Appears in 10 contracts
Sources: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)