The part of your monthly payment that is made up of just the depreciation during the lease. This is calculated as (Net Capitalized Cost - Residual) ÷ (number of months in lease). The base monthly paym [..]

The portion of the monthly payment that covers depreciation, any amortized amounts, and rent charges. It is calculated by adding the amount of depreciation, any other amortized amounts, and rent charges then dividing the total by the number of months in the lease. Monthly sales/use taxes and other monthly fees are added to this base monthly payment [..]