Consumer advocates say that many leased vehicles are valued at more than the manufacturer's suggested price and that the effective interest rate on the lease and contract terms such as early termination penalties often are hidden. If you want to arm yourself before shopping for auto leases, write for the two-page "Reality Checklist" and a tip sheet on negotiating from the Consumer Task Force for Automotive Issues, Box 7648, Atlanta, Ga., 30357-0648. Include a self-addressed envelope and a $1 check to Reality Checklist for postage.

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