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Monthly payment = depreciation fee + finance fee + taxes. Depreciation = (cap cost − residual) / months. Finance fee = (cap cost + residual) × money factor. Total lease cost = monthly payments + fees + acquisition cost. Compare to purchase: leasing is cheaper monthly but builds no equity. Excess mileage charges (typically $0.15–0.25/mile) and disposition fees add to end-of-lease cost.
Classic money-factor model: depreciation + finance charge. Residual as % of MSRP. Cap cost = MSRP − cap cost reduction (down / discounts). Approximate APR ≈ money factor × 2400.
Adjusted cap $39,000.00 · Residual $24,360.00
Payment (before tax)
$485.87/mo