Now that you understand the basics of leasing, let us take a look at how your monthly payment is calculated. A monthly lease payment is actually pretty easy to understand.
The problem with leasing today is that so few consumers understand how to be certain their payment is calculated correctly. It is not unusual for customers to overlook certain charges and factors because they do not understand the mechanics of a lease.
In this section we are going to make sure you understand exactly how a monthly lease payment is calculated and what you need to do to ensure your number matches the dealers.
What makes up a monthly lease payment?
Calculating Rent Charge (Finance Fee)
Putting it all together - Determining your Monthly Lease Payment
Sales Tax on Down Payment
Initial Monthly Payment