BEVANS LEGACY AUTO CO. – RENT-TO-OWN VEHICLE AGREEMENT

Tennessee Rental-Purchase Agreement – Compliant with T.C.A. § 47-18-601 et seq.

This Rent-to-Own Vehicle Agreement ("Agreement") is made between Bevans Legacy Auto Co LLC ("Owner") and the undersigned customer ("Renter"). This Agreement outlines the rental and conditional ownership terms of the vehicle described below. 

This Rent-to-Own Vehicle Agreement (“Agreement”) is entered into on:

Between:

OWNER/LESSOR

Bevans Legacy Auto Co. LLC

102A Graeme Dr

Nashville, TN 37214

("Owner")

and

Renter/Buyer

SECTION 1 — REQUIRED TENNESSEE RENTAL-PURCHASE DISCLOSURES

1. Vehicle Identification

2. Payment Terms

The Renter agrees to make payments as agreed upon with management prior to signing as part of this Rent-to-Own agreement.

First Payment Clause

The first initial payment is due at agreement signing. This payment is a one-time, non-refundable administrative fee of $1000.00 and is included in the total payment amount. Payment must be paid prior to receiving vehicle and keys. This fee covers processing, registration, documentation, and other administrative costs associated with the rent-to-own agreement.

Payment Schedule

Amount of each payment, due date, and number of payments required for ownership will be sent in your customer specific PAYMENT SCHEDULE ADDENDUM via email for required signature(s).

3. Total Cost to Acquire Ownership

Payments toward ownership include only the recurring rental-purchase payments listed above and do NOT include other charges listed in Section 5.

4. Ownership Disclosure

Ownership will not transfer to Renter until all required payments, fees, taxes, and charges are paid in full and title is officially transferred to you.

Early payoff is allowed with no penalty. Until transfer of title, the vehicle remains the property of the Owner.

Title and ownership of the vehicle will be transferred within 15-30 calendar days once all requirements under this agreement have been reached.

5. Charges NOT Included in Payments

Scheduled payments do NOT include:

• taxes

• insurance premiums

• tag/registration fees

• title fees

• maintenance or mechanical repairs

• late fees

• repossession, towing, storage, or administrative fees

• cleaning or damage charges

• mileage charges (if applicable)

These amounts ARE the Renter’s responsibility and may be charged separately.

6. Maintenance Responsibility

You are fully responsible for all maintenance, servicing, and repairs to the vehicle — major and minor — during the entire rental-purchase period.

From the date the vehicle is delivered to the Renter, ALL mechanical issues, including but not limited to:

• routine maintenance expenses (e.g. oil changes, wipers, fluids, tires etc.)

• repairs

• breakdowns

• towing costs

• parts replacements

• engine OR transmission failure

• electrical issues

• fuse(s) and/or sensor(s)

• AC/heating problems

• suspension, brakes, and/or tire issues

• alternator OR battery failure

As well as any other component of the vehicle are the responsibility of the renter. Major repairs over $500 should be reported to Bevans Legacy Auto Co. but is still the financial responsibility of the renter.

7. Renter’s Right to Terminate Without Penalty

   
   

Renter may terminate this Agreement at any time without penalty by returning the vehicle in acceptable condition and paying any past-due amounts and charges owed. Previously paid amounts are non-refundable.

8. Right to Reinstate After Default

   
   

If a payment is missed, Renter may reinstate the Agreement by paying all past-due payments, late fees, and applicable towing/redelivery costs within:

• 2 days (for weekly, bi-weekly, or semi-monthly payments)

• 5 days (for monthly payments)

Failure to reinstate may result in repossession.

9. Receipt of Payments

   
   

Owner will provide electronic or written receipts for every payment.

10. Condition Acknowledgment

    
    

Renter acknowledges that they have inspected the vehicle before taking possession and agree that the vehicle was delivered in roadworthy, legally operable condition.

 SECTION 2 — AGREEMENT TERMS

11. Term of Agreement

This Agreement begins on the date listed above and continues until the Renter:

1. pays all payments required for ownership, or

2. voluntarily returns the vehicle, or

3. defaults and the vehicle is repossessed.

12. Payment Authorization

Renter authorizes Owner to charge the payment method on file for:

• recurring rental-purchase payments

• security deposit (if applicable)

• late fees

• extension fees

• damage charges

• repossession fees

• administrative fees

• cleaning fees

• mechanical damage caused by negligence

• past-due amounts

Renter agrees not to dispute or chargeback any properly-authorized payment.

If a chargeback occurs, Renter understands:

“A chargeback does not cancel this Agreement. The balance remains due, and the vehicle may be subject to repossession.”

13. Mandatory Maintenance Program

Renter agrees to enroll in the BL Auto Mandatory Maintenance Program to ensure vehicle safety, proper functioning, and protection of the company’s asset during the Rent-to-Own term.

This program includes:

• Weekly mobile mechanic availability

• Tire plug and roadside tire assistance

• Jumpstarts

• Lockout assistance

• Minor diagnostics (OBD2/ABS scanning)

• Minor part replacements (bulbs, fuses, wipers, etc.)

• Fluid checks and top-offs

• Approved repair recommendations

This program does not include the cost of repairs, parts, labor, or replacement components, which remain the responsibility of the Renter.

13.1 Weekly Maintenance Fee

A mandatory $20.00 weekly Maintenance Program Fee will be added to Renter’s payment schedule.

This fee:

• Is required for all Rent-to-Own customers

• Is non-refundable

• Is charged per week of the agreement

• Is not applied toward the purchase price

13.2 Required Mechanic Use

Renter agrees that all mechanical evaluations, diagnostics, and repairs must be performed exclusively by:

Bevans Legacy Auto Co. Mobile Mechanic or A shop pre-approved in writing by Bevans Legacy Auto Co.

Unauthorized repairs may result in:

• Immediate termination of agreement

• Additional fees

• Loss of eligibility for future repairs

• Repossession due to asset-endangerment

13.3 Renter Responsibility for Major Repairs

The Mandatory Maintenance Program does NOT cover major repairs, including but not limited to:

• Engine repairs

• Transmission issues

• Major electrical repairs

• Brake system replacement

• Suspension or steering components

• Damage resulting from misuse or negligence

Renter remains financially responsible for major repairs.

13.4 Out-of-Pocket Repair Costs

Renter understands and agrees that:

• All mechanical repairs, parts, labor, and services performed by the mobile mechanic are billed separately

• Repair costs are the responsibility of the Renter unless otherwise stated in writing

• The maintenance fee does not replace or offset repair charges

13.5 No Warranty or Repair Guarantee

The Maintenance & Mobile Mechanic Access Program is not a warranty, service contract, or insurance product. Bevans Legacy Auto Co. makes no guarantees regarding repair outcomes, costs, or vehicle condition beyond standard coordination and access services.

14. Security Deposit

If required, the deposit amount is: $1000.00

Deposits are not applied to ownership and are non-refundable.

15. Late Fees

A late fee of $75 will be applied if any monthly payment is not received by the agreed upon due date located in the PAYMENT SCHEDULE ADDENDUM.

If notified in writing 24 hours prior to the due date, you will not incur the late fee as long as it is paid by noon the following day after your agreed upon due date.

Any later and the late fee will be applied without exception.

Continuous late payments may result in repossession.

16. Repossession Rights

Owner may repossess the vehicle for:

• nonpayment

• chargeback

• misuse

• safety violations

• failure to maintain insurance

• fraud or false information

• refusing to return vehicle

• tampering with GPS

Renter is responsible for:

• towing/repo fees

• storage costs

• skip-tracing

• locksmith fees

• recovery fees

Repossession does not erase the debt owed.

Renter forfeits any equity or claims to title until the full balance is paid and recovery fee will be assessed if tow is required to repossess vehicle.

Renter is responsible for all repossession fees, administrative fees, towing costs, storage, and any outstanding balances.

17. Insurance Requirements

Renter must maintain full coverage insurance:

• liability meeting Tennessee minimums or higher

• collision

• comprehensive

throughout the entire Rent-to-Own period.

Bevans Legacy Auto Co. LLC must be listed as a “Loss Payee” on the policy. 

Proof of insurance is required before possession of the vehicle and updated upon policy changes.

The Company (Owner) is not liable for any claims, damages, or losses not covered by the Renter’s insurance.

Failure to maintain coverage will result in immediate termination and repossession after 30 days.

17.1 No-Insurance Fee

Renter is required to maintain active auto liability insurance throughout the rental period. If Renter does not have active insurance at the time of rental, a $50.00 per week Uninsured Renter Fee will automatically be added to the weekly rental charges.

This fee:

• Is non-refundable

• Applies to every week or portion of week rented

• Ends immediately once valid insurance is provided

  
  

Renter must submit updated insurance proof within 24 hours of obtaining coverage.

18. GPS Tracking Disclosure

Vehicle contains GPS tracking devices for:

• theft prevention

• recovery

• mileage verification

• default enforcement

• safety

Tampering is prohibited and subject to penalty.

Renter acknowledges and consents to continuous GPS monitoring.

19. Use of Vehicle

Vehicle may NOT be used for:

• rideshare (Uber, Lyft) without written approval

• off-roading

• racing

• towing

• illegal activity

• transporting hazardous goods

Violation may result in contract termination and repossession.

20. AS-IS, NO WARRANTY

    
    

The Renter understands, accepts, and agrees that the vehicle is being provided AS-IS, with NO WARRANTY:

• no expressed warranty,

• no implied warranty,

• no guarantee of future performance,

• no promise,

• no representation regarding the vehicle’s condition, performance, or future reliability

Owner certifies only that the vehicle was legally operable at delivery.

All repairs after delivery are Renter’s responsibility.

The Renter accepts full responsibility for all mechanical issues that arise after delivery and acknowledges that no repairs or reimbursements will be provided by Bevans Legacy Auto Co. at ANY time.

21. Vehicle Protection & Safety Termination Clause

If the vehicle becomes unsafe due to neglected repairs, or if Renter refuses mandatory inspections or mechanic appointments, BL Auto may:

1. Suspend driving privileges

2. Require immediate return of the vehicle

3. Assess safety violation fees

4. Terminate the Rent-to-Own Agreement

5. Repossess the vehicle

This clause protects both the renter AND the asset.

22. Renter Acknowledgment

Renter understands and agrees:

• The maintenance fee is mandatory

• All repairs must go through the BL Auto-approved mechanic

• Failure to maintain the vehicle properly may result in repossession

• The maintenance fee does not reduce or apply toward ownership balance

Signature lines remain unchanged.

23. Mechanical Breakdown

If mechanical issues occur:

• Renter is financially responsible for all repairs

• Renter may pause the Agreement by returning the vehicle

• Payments made are non-refundable

Owner is not required to replace the vehicle or provide a loaner.

24. Taxes & Fees

Renter is responsible for:

• sales tax (both state and local)

• future registration

• title transfer fees

• emissions testing

• local fees

25. End of Agreement / Title Transfer

Once Renter completes all payments:

Owner will:

• transfer title within 15-30 calendar days

• process required documents

• provide bill of sale

  
  

Renter must pay all fees related to title and registration.

26. Early Payoff

Renter may pay off remaining balance at any time PLUS applicable taxes and fees. No penalty applies.

27. Photo Documentation Requirement

Renter agrees to photo verification:

• at pickup

• at return

• at repossession

• upon request

Failure to provide photos results in damages assumed against Renter.

27.1 Identity Verification Requirements

Vehicle will not be released until renter provides:

• Front/back of ID

• Selfie holding ID

• Signed payment authorization

28. Default

Default occurs immediately when:

• payment is missed

• insurance lapses

• chargeback initiated

• GPS tampered

• vehicle misused

• fraudulent information provided

• any breach of agreement terms

Owner may repossess without further notice, as permitted under Tennessee law.

All payments made prior to default are non-refundable.

29. Indemnification

Renter agrees to indemnify and hold harmless Bevans Legacy Auto Co. from all:

• Claims

• Losses

• Damages

• Legal costs

• Third-party claims

arising from use of the vehicle.

30. Dispute Resolution

All disputes must be settled by binding arbitration in Davidson County, Tennessee.

31. Modification of Terms

Owner may update or modify agreement terms at any time with written or electronic notice.

Continued possession, continued payments, or continued use constitutes acceptance of updated terms.

Renters may request a copy of the most current Agreement at any time.

31.1 Acceptance of Terms by Payment Clause

Any payment made toward rent, deposit, or administrative fees constitutes acknowledgment and full acceptance of the terms in this Agreement, including AS-IS condition, repair responsibility, insurance obligations, and repossession rights.

31.2 No Expectation of Refunds or Credits Clause

All payments made under this Agreement are non-refundable. No repair issues, mechanical failures, or dissatisfaction with vehicle condition will qualify for payment refunds, adjustments, or credits.

32. Acknowledgment of Tracking, Recording & Documentation

Renter agrees that all communications (texts, calls, emails) may be recorded and used for:

• verification

• collection

• chargeback disputes

• legal compliance

33. Signatures

I, Christopher Bevans, as Owner of Bevans Legacy Auto Co., confirm that I have signed and agreed to this contract on today. This agreement becomes effective upon Renter's signature.