Effective Monthly Payment - The effective monthly payment is your true monthly cost (before sales tax) for assuming a lease. With a seller cash incentive serving to help subsidize the lease, your effective payment is less than the actual monthly payment.
The Effective Monthly Payment is calculated as:
Base Monthly Payment - (Cash Incentive / Months Remaining) = Effective Monthly Payment
For example, a $300.00 monthly payment - ($300 incentive / 10 months remaining) = $270 Effective Monthly Payment
Note: The lease buyer will be responsible for the base monthly payment after the transfer plus any sales/use tax (if applicable).
Seller Cash Incentive - A seller cash incentive is offered to incent buyers to assume the lease or offset a deficiency (e.g. over mileage, higher monthly payment, etc.). The cash incentive is paid to the buyer at the completion of the transaction.
The seller cash incentive also serves to help offset, or subsidize the monthly lease payments. This results in an effective monthly lease payment that is lower than the actual monthly payment making the vehicle even more attractive.
$20,000.00
Base Monthly Payment:
$1,617.80
Total Lease Term:
48 months
Months Remaining:
23 months
Lease End Date:
August 27, 2012
Lease End Buyout Option:
$35,000.00
Total Miles Allowed:
48,000
Total Miles Remaining:
38,300
Miles Remaining per Mo:
1,665 miles/mo.
Excess Mileage Charge:
$0.18 per mile
Lease Company:
US Bank Corp
Other Information
Seller Contact Info
This vehicle is no longer available Click here to search for other vehicles
Vehicle Options:
Anti-Lock Brakes, Air Conditioning, Cruise Control, Power Door Locks, Driver Airbag, Power Mirrors, Passenger Airbag, Power Seats, Tilt Wheel, Power Windows, AM/FM Radio, Premium Wheels, CD Player, Tinted Glass, Trip Computer
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