When a person or a company gets a car on lease from a bank or leasing company, there are dozens of elements to consider but the most important thing is the payment schedule. You should understand that if a person doesn’t pay the car lease payment on time, the bank or the leasing company has the right to pledge the car and auction it to get the money. This is why it is really important that before you get a car on lease, you understand the lease payment schedule. In order to find out the lease payment schedule, you need to write the formal letter to the bank for the schedule details. This is the same letter that we are discussing here.
Brief Description of Letter to Bank for Car Lease Payment Schedule:
When it comes to car leasing, banks and leasing companies have very strict policies about the payments and leasing schedules. This is why you usually see that if a person doesn’t pay the lease installment on time, the bank takes the car back and keeps it until the person makes the payment with fine or penalty. This is why it is really important that before you sign a lease with the bank or leasing company, you see and evaluate the leasing payment schedule. This way you can analyze if you will be able to make the payments on time or if you want to negotiate the terms and conditions with the leasing officer. In order to get the leasing payment schedule, you need to write this formal application letter to the bank asking them to provide the schedule for your convenience.
Once you get the details, see if the payment schedule suits your income and financial situations and if you will be able to make the payments on time or not. This is a formal letter but you don’t need to hire an attorney to draft the letter. You can write it by yourself as there is only one thing to ask for in this letter which is the lease payment schedule. You should also ask for the authorized person or employee in the leasing department whom you can talk to in case of any queries or questions after getting the schedule.
Sample Letter to Bank for Car Lease Payment Schedule
To: Senior Manager
Redwood National bank, main branch
New York NY 35094
Subject: car lease payment schedule
Date: 15 February 2015
I met with your leasing officer last week and discussed about the car that I want to get on lease. In order to finalize my decision, I need to see the lease payment schedule so that I can see if I will be able to make the payments on time or we need to negotiate the terms and conditions of the lease. So I am writing this letter to make a formal request to your leasing department in order to get the payment schedule. Kindly send me the required details as soon as possible so that we can proceed the process.
Account number: 6543-0837-9571-40-1047