Car Leasing Glossary - Depreciation and other Amortized Amounts

Other Depreciation Amortized Amounts

Total amount charged to cover the vehicle's projected decline in value through normal use during the lease term and other items that are paid for over the lease term. It is calculated as the difference between the adjusted capitalized cost and the vehicle's residual value. This amount is a major part of your base monthly payment.

Car Leasing Destination Charge