What is not required when advertising a lease payment for a motor vehicle?

When advertising a lease payment for a motor vehicle, it is not required to disclose the cost of leasing versus buying. This is because lease advertisements typically focus on the terms and conditions specific to the lease, such as the monthly payment, the length of the lease, and any restrictions that apply to the lease, rather than comparing the financial implications of leasing against purchasing a vehicle.

Other elements, such as the total lease price, the lease term, and mileage limits, are essential components of lease advertising. Disclosing the total lease price and the lease term helps consumers understand the full context of the lease agreement, including the duration they will be responsible for payments and any potential end-of-lease costs. Including mileage limits is crucial as it informs potential lessees of any restrictions on how much they can drive the vehicle, which can significantly affect their experience with the lease.

Therefore, while comparing the cost of leasing versus buying may be a valuable discussion point for consumers, it is not a mandated part of lease payment advertisements.