Glossary

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Net Cap (Capitalized) Cost
This is the price of the vehicle after deducting any dealer participation, manufacturer discounts, and cap cost reduction ('down' payment) from the MSRP.

Net Capitalized Cost
This is the price of the vehicle after deducting any dealer participation, manufacturer discounts, and cap cost reduction ('down' payment) from the MSRP.

Net Interest Rate
This is the total interest rate for the lease. It represents the lease's true cost, similar to an APR for a bank or credit union loan. The lower the net interest rate, the lower the cost of the lease.

Newton Meter (NM)
A unit of torque. One pounds-force feet (lb.-ft) equals 1.356 Newton meters. One Newton meter equals 0.7375 lb.-ft.