{"data":{"id":"us-in/ic-24-5-16.5-3","jurisdiction":"us-in","citation":"IC 24-5-16.5-3","heading":"\"Capitalized cost reduction\"","body":"Sec. 3. 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.","path":["TITLE 24. TRADE REGULATION","ARTICLE 5. CONSUMER SALES","Chapter 16.5. Disclosures Required in Motor Vehicle Leases"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-5-16.5-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"697c108b842260b3faf0f0e36e9f35b609fa0041512ac46397189b615b0f18fb","source_id":"us-in","stale":false,"prev":"us-in/ic-24-5-16.5-2","next":"us-in/ic-24-5-16.5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}