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