Monthly Payment:

The amount of money that need to paid in monthly basis

Cash Incentive:

Car owner is willing to pay as cash to the person who is interested to take over the lease

Effective Payment:

The monthly payment after considering cash incentive which car owner pays directly to you

Example:

$300.00 for 10 months and cash incentive is $200.00, so the Effective Payment will be $280.00/ Month