Which is NOT required to disclose when advertising a lease of a motor vehicle?

Study for the Colorado Motor Vehicle Dealer Board Exam. Enhance knowledge with quiz questions that come with hints and explanations. Prepare confidently for your dealer board exam!

When advertising a lease of a motor vehicle, it is not required to disclose the cost of leasing versus the cost of purchasing. This requirement focuses on providing potential lessees with clear and concise information about the lease terms rather than a comparative analysis of leasing versus buying.

The other disclosures are essential for ensuring transparency and informing potential customers about the specific terms of the lease. For example, knowing the number, amounts, and due dates of scheduled payments helps consumers understand their financial obligations in the lease agreement. Similarly, disclosing whether a security deposit is required is crucial since it affects the upfront cost and commitment required from the consumer. Finally, indicating that the transaction advertised is a lease clarifies the nature of the agreement being offered, which is vital for consumer understanding.

The lack of requirement for a comparative analysis of leasing versus purchasing allows advertisers to focus on the specifics of the leasing option without the obligation to provide broader financial comparisons that may not be directly relevant to the lease's terms.

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