The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Base Monthly Payment

Base Monthly Payment (car leasing term)

The portion of the monthly payment that covers depreciation (define: depreciation), any amortized amounts (define: Amortized Amounts), and rent charges. It is calculated by adding the amount of depreciation, any other amortized amounts, and rent charges and 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 to determine the total monthly payment.

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2011 Consumer Guide to Car Leasing
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