The receipt
The listed payment$397
- Transfer fee (about)+ $50Money due at signing is spread over the months, here about $50 a month.Transfer fee about $500 (the listing does not say), spread over 10 monthsSource: the SwapALease listing, read Nov 2. Where the ad gives no fees, we assume a $500 transfer fee, or the typical money due at signing.
- Tax (about)+ $24Tax is what your state adds to the payment, here about $24 a month.Tax (about), because the ad gives no tax rate (6.1% national estimate, until you pick your state. Type your own rate in Your numbers.)Source: State revenue department pages, 50 of 51 states sourced. Read Oct 30.
- Extra miles+ $75Driving more miles than the lease gives costs extra, here $75 a month.Miles: you drive 12,000 a year, the lease covers 8,400You drive 3,600 miles a year more than the lease allows. At $0.25 a mile (as the ad states) that is $75 a month.Source: the SwapALease listing, read Nov 2. Where the ad gives no per-mile rate, we use $0.25 a mile.
- Insurance (about)+ $178Insurance: about $178 a month for this car at the U.S. average. Tap to type yours.Insurance about $178 for the U.S. average (range $142 to $214). Your own quote may differ. Type yours.No quotes for this exact model, so we use AAA’s 2026 full-coverage average for a Half-ton Pickup (gas) ($2,139 a year, five top-selling models, a driver under 65 with 6+ years and no accidents) → × 1.00 (U.S. average) = $178 a month. Range $142 to $214. Full coverage, a typical driver with a clean record.Source: AAA Your Driving Costs 2026 full-coverage class average and MoneyGeek 2025 state averages. Class average read Oct 31, state table read Oct 30.
- Gas (about)+ $251Gas: about $251 a month for the miles you drive. Tap to type your gas price.Gas (about)12,000 mi a year ÷ about 17 mpg (middle of the EPA figures for the 2024 Sierra 1500) = 705.9 gallons × $4.269 a gallon (EIA U.S. average regular, week of Oct 26) = $3,013 a year = $251 a month city 15 to highway 19Source: U.S. Energy Information Administration (gas, week of Oct 26; electricity, August 2026). Read Nov 2.
Real Lease Cost™ (everything you pay), each month$975
Sources and read dates
- The listed payment the SwapALease listing, read Nov 2.
- Transfer fee (about) the SwapALease listing, read Nov 2. Where the ad gives no fees, we assume a $500 transfer fee, or the typical money due at signing.
- Tax (about) State revenue department pages, 50 of 51 states sourced. Read Oct 30.
- Extra miles the SwapALease listing, read Nov 2. Where the ad gives no per-mile rate, we use $0.25 a mile.
- Insurance (about) AAA Your Driving Costs 2026 full-coverage class average and MoneyGeek 2025 state averages. Class average read Oct 31, state table read Oct 30.
- Gas (about) U.S. Energy Information Administration (gas, week of Oct 26; electricity, August 2026). Read Nov 2.
about = our guess
See the math
How each part is worked out:
.jpg){kind=link}