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PEAC Minimum Lease Funding Rules

Written by Renee McNeese

$1,000 is the standard minimum financed amount however there are exceptions. Co-terms, addons for accessories are examples.

Additionally, there are States with specific licensing rules

AL no transactions less than $2,000

NM no transactions less than $10,000

MS no transactions less than $2,000

SD no transactions less than $5,000

VA no transactions less than $5,000

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