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The Vehicle Lease Agreement With Option To Purchase is designed for situations where parties want to combine the flexibility of leasing with a potential pathway to ownership. This document is commonly used in Germany and must comply with German civil law requirements, including both leasing and sales provisions. It's particularly valuable when lessees want to test a vehicle's suitability over an extended period before committing to purchase, or when they prefer to spread the potential purchase cost over time. The agreement includes comprehensive details about the vehicle, lease payments, maintenance responsibilities, insurance requirements, and specific conditions for exercising the purchase option. It can be adapted for both consumer and commercial use, with additional provisions available for business-to-business transactions. The document ensures compliance with German banking regulations (KWG) for financial services and consumer protection laws when applicable.

1. Parties: Identification of lessor and lessee with full legal names, addresses, and registration details if companies

2. Background: Context of the agreement and brief description of the transaction structure

3. Definitions: Key terms used throughout the agreement including Vehicle, Lease Period, Purchase Option Price, etc.

4. Vehicle Description: Detailed specification of the leased vehicle including make, model, year, VIN, color, and equipment

5. Lease Term and Payments: Duration of lease, payment amounts, payment schedule, and deposit requirements

6. Delivery and Acceptance: Terms regarding vehicle delivery, acceptance procedure, and initial condition documentation

7. Use of Vehicle: Permitted use, territorial restrictions, and mileage limitations

8. Maintenance and Repairs: Maintenance obligations, repair responsibilities, and service schedule requirements

9. Insurance and Liability: Required insurance coverage, liability allocation, and indemnification provisions

10. Purchase Option Terms: Conditions for exercising the purchase option, purchase price calculation, and exercise procedure

11. Default and Termination: Events of default, termination rights, and consequences of termination

12. Return of Vehicle: Vehicle return conditions, wear and tear standards, and return procedure if purchase option not exercised

13. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes