Ind. Code § 24-5-16.5-10
Trade-in vehicle for leased vehicle
Indiana · Indiana Code Title 24 — Trade Regulation · Status: effective
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- Citation
- Ind. Code § 24-5-16.5-10, Trade-in vehicle for leased vehicle, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1655165
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Full text
Sec. 10. A trade-in vehicle used, in whole or in part, to pay amounts due at lease signing or delivery of a leased vehicle must be identified:
(1) as a trade-in vehicle in the lease agreement; and
(2) by year, make, and model.
The lease agreement must state the net credit of the trade-in vehicle used to pay amounts due at lease signing or delivery of the leased vehicle.