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One easy way to convert money factor to interest rate is to multiply it by 2400. 0.00197 * 2400 = 4.728 Also depends what sales price they are giving you.
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03-25-2015, 01:18 AM
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Join Date: Dec 2014
Location: Bay Area, CA
Posts: 17
Drives: 2015 370Z Nismo M6
Rep Power: 12  |
One easy way to convert money factor to interest rate is to multiply it by 2400.
0.00197 * 2400 = 4.728 Also depends what sales price they are giving you. Residual is calculated of MSRP, so for example if MSRP is 42,000 * 51% = 21,420 If you get the car for 39,000(including fees) - 21,420 = 17,580 - 3000 down = 14,580/39months = 373 + interest + tax That's approximate calculations, you can probably find a lease calculator somewhere online (edmunds, truecar, etc.) |
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