Indiana § 24-5-16.5-3 "Capitalized cost reduction"

Indiana Statutes

§ 24-5-16.5-3 — "Capitalized cost reduction"

Indiana § 24-5-16.5-3

Art. 5CONSUMER SALES

Ch. 16.5Disclosures Required in Motor Vehicle Leases

This text of Indiana § 24-5-16.5-3 ("Capitalized cost reduction") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-5-16.5-3 (2026).

Text

As used in this chapter, "capitalized cost
reduction" means a payment made by cash, check, credit card, debit
card, net vehicle trade-in, rebate, or other similar means in the nature
of a down payment or credit, made by a retail lessee at the inception of
a lease agreement, for the purpose of reducing the capitalized cost and
does not include any periodic payments received by the retail lessor at
the inception of the lease agreement.

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As used in this chapter, "capitalized cost
reduction" means a payment made by cash, check, credit card, debit
card, net vehicle trade-in, rebate, or other similar means in the nature
of a down payment or credit, made by a retail lessee at the inception of
a lease agreement, for the purpose of reducing the capitalized cost and
does not include any periodic payments received by the retail lessor at
the inception of the lease agreement.