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“One big reason car lease prices could go down is because of decreases in interest rates, or as related to car leases, ‘the money factor,'” said Erin Kemp, consumer advocate for Bumper ...
Money factor: The price you’ll pay to lease the vehicle — essentially, the interest rate. Failing to negotiate these figures could mean you’re leaving several hundreds or thousands of ...
Qualifying for any leasing incentives or rebates can also reduce your cap cost and lease payment. Calculate Your Money Factor Ahead of Time. You can calculate your car's money factor by asking the ...
The actual lease payments are calculated in a very similar way to loan payments, but instead of an APR, the company uses something called the money factor. At the end of a lease's term, the lessee must either return the vehicle to or buy it from the owner. The end of lease price is usually agreed upon when the lease is signed. [5]
Car Lease −6 −12 −12 −18 −18 Marketing ... Discount Factor 0.625 0.446 0.343 ... reflect how investors make money from equity investments ...
The APR can also be represented by a money factor (also known as the lease factor, lease rate, or factor). The money factor is usually given as a decimal, for example .0030. To find the equivalent APR, the money factor is multiplied by 2400. A money factor of .0030 is equivalent to a monthly interest rate of 0.6% and an APR of 7.2%. [14]