In this video, learn the secret formulas that dealers use in order to calculate car lease payments from start to finish. By learning the formulas that dealers use, you will fully understand what a lease payment consists of, which allows you to better negotiate a good deal on any future car leases.
When visiting a dealership for the purpose of leasing a new vehicle, you rarely hear the term “lease factor” being used by salesmen or managers. The lease factor or money factor can be defined most simply as a small decimal number that is similar to an interest rate. This small number is used to calculate …
How to Convert the Lease Money Factor into an APR Interest RateRead More »
Many people who are interested in leasing a car often wonder what exactly they would be paying for every month if they were to lease a car. When you lease a car, the bulk of your monthly payment comes from the difference between the car’s selling price and its residual value. This is known as …
