Truth in Lending: 13.3.6.6.2 Gross capitalized cost and the agreed-upon value of the vehicle
Gross capitalized cost is the first disclosure in the monthly payment derivation, defined at section 1013.2(f) [section 213.2(f)] as the amount agreed upon as the leased vehicle’s value and any items that are capitalized (paid for) during the lease term, including but not limited to taxes, insurance, service agreements, and any outstanding balance from a prior loan or lease.