TESLA MODEL 3 RWD (CAT B)

PRIVATE VEHICLE LEASING AGREEMENT

This Vehicle Leasing Agreement (“Agreement”) is entered into on this day by and between:

Lessor (Vehicle Owner):

Name: BAI JIAQING

NRIC: S9473600E

Contact: 88080081

(Hereinafter referred to as the “Lessor”)

Lessee (Renter):

Name: ______________________________________

NRIC/Passport No: ___________________________

Contact: ____________________________________

(Hereinafter referred to as the “Lessee”)

1.

Vehicle Details

• Make/Model: Tesla Model 3 RWD (Cat B)
• Vehicle Registration Number: SJQ666X

2.

Leasing Period

• Start Date/Time: 7 July 2025, 12:00 PM
• End Date/Time: 21 July 2025, 12:00 PM
• Total Lease Duration: 15 days

3.

Rental Fee

• Daily Rental Rate: $120
• Total Rental Amount: $1,800 (15 days × $120)
• Payment is to be made in full before or at the time of vehicle collection.

4.

Security Deposit

• A refundable security deposit of $800 is to be collected prior to handover.
• Refundable within 5 working days after vehicle return, subject to deductions (if any) for damage, late return, or violation of terms.

5.

Accident Excess

Without Collision Damage Waiver (CDW):

• Own Damage (OD): $2,500
• Third Party (TP): $2,500

With Collision Damage Waiver (CDW):

• Own Damage (OD): $800
• Third Party (TP): $800

6.

Collision Damage Waiver (Optional)

• Lessee may opt to reduce liability for accident excess by purchasing a Collision Damage Waiver (CDW) at $6/day.
• Total CDW Cost (Optional): $90 for 15 days
• Lessee opts IN for CDW ($90 total; reduced excess)
• Lessee opts OUT of CDW (standard excess applies)

7.

Responsibilities of Lessee

• Must hold a valid Singapore Class 3/3A driving licence or equivalent international permit.
• Shall operate the vehicle in a lawful and responsible manner.
• Shall not allow any unauthorised driver to operate the vehicle.
• Responsible for all traffic, parking, and ERP fines incurred during the lease.
• Shall return the vehicle in the same condition, with at least 50% battery level (as it is an electric vehicle).
• No smoking, vaping, or transport of illegal goods in the vehicle.

8.

Insurance

• Vehicle is covered under a comprehensive insurance policy.
• Lessee is liable for the above-stated accident excess unless CDW is opted in.

9.

Vehicle Condition

• Vehicle will be handed over clean and in good working condition.
• Lessee shall return the vehicle clean and in similar condition (normal wear and tear excepted).

10.

Termination & Cancellation

• Early termination by Lessee is not entitled to refund unless otherwise agreed in writing.
• Lessor may terminate agreement immediately for misuse or breach of terms.

Signatures

Lessor:

Name: BAI JIAQING

Signature: ___________________________

Date: __________________

Lessee:

Name: ___________________________

Signature: ___________________________

Date: __________________

PHV usage ok.

excess tp 2500

od 2500

OPT IN FOR CDW

EXCESS 800/800