What factors change a $45,000 lease payment most?

1. Residual value

   Cars that hold value better (some SUVs, hybrids, luxury sedans) lease cheaper than vehicles that depreciate quickly.

2. Lease rate (money factor)

   In early 2026, lease APR equivalents typically range from 6.5% to 8.5% for strong credit. Higher rates increase monthly payments even if MSRP stays the same.

3. Down payment (due at signing)

   Putting more money down lowers your monthly payment, but does not reduce the total cost proportionally. Many lessees prefer smaller upfront payments for flexibility.

4. Mileage allowance

   Choosing 15,000 miles per year instead of 10,000 can add $40–$80 per month, depending on the vehicle.

5. Fees rolled into the lease

   Acquisition fees, dealer fees, and taxes can add $30–$60 per month if financed instead of paid upfront.