money factor on leased G35 sedan
Joined: Apr 2006
Posts: 1,137
Likes: 1
From: California
money factor on leased G35 sedan
Hello folks, I leased my car back in July 2006. I was looking over my contract and I couldn't find the money factor amount anywhere. Does anyone know how I can calculate the money factor from the other information I have on the lease contract?
Car: 2006 base G35 sedan w/ sunroof 5AT
12,000 miles per year for 24 months
Amount due at lease signing ...................$3000
..cap cost reduction.............................. $2202.53
..first payment .......................................$305.01
..Registration fees.................................. $257.00
..Tax on Cap Cost Reduction .....................$181.71
..Dealer Doc Prep fee ................................$45.00
..CA Tire .................................................. $8.75
Agreed upon value of car....................... $30054.08
Acquisition fee........................................ $550
Gross Cap Cost..................................... $30604.08
Cap Cost Reduction................................. $2202.53
Adjusted Cap Cost................................. $28401.55
Residual Value ..................................... $22644.00
Depreciation amount................................ $5757.55
Rent Charge........................................... $1004.69
Total of Base Monthly payments ................ $6762.24
Lease Payments ...............................24
Base Monthly payment................................ $281.76
Monthly tax's ............................................. $23.25
Total monthly payment .............................. $305.01
money factor .................................................. ??
residual % .................................................. .... ??
Car was leased in July 2006 in CA
Car: 2006 base G35 sedan w/ sunroof 5AT
12,000 miles per year for 24 months
Amount due at lease signing ...................$3000
..cap cost reduction.............................. $2202.53
..first payment .......................................$305.01
..Registration fees.................................. $257.00
..Tax on Cap Cost Reduction .....................$181.71
..Dealer Doc Prep fee ................................$45.00
..CA Tire .................................................. $8.75
Agreed upon value of car....................... $30054.08
Acquisition fee........................................ $550
Gross Cap Cost..................................... $30604.08
Cap Cost Reduction................................. $2202.53
Adjusted Cap Cost................................. $28401.55
Residual Value ..................................... $22644.00
Depreciation amount................................ $5757.55
Rent Charge........................................... $1004.69
Total of Base Monthly payments ................ $6762.24
Lease Payments ...............................24
Base Monthly payment................................ $281.76
Monthly tax's ............................................. $23.25
Total monthly payment .............................. $305.01
money factor .................................................. ??
residual % .................................................. .... ??
Car was leased in July 2006 in CA
Last edited by kyazh; May 17, 2007 at 06:03 AM.
Joined: Apr 2006
Posts: 1,137
Likes: 1
From: California
Originally Posted by limeg35
M/F is 0.00082 (1.97%)
Residual % is Residual Value (22644) divided by MSRP (unknow), my guess is around 67%.
Residual % is Residual Value (22644) divided by MSRP (unknow), my guess is around 67%.
Joined: Jun 2005
Posts: 8,185
Likes: 0
From: Alabaster, Alabama
Money factor they give you but the interest rate you usually have to figure. The interest rate is the money factor times 24 (regardless of term) so by that the money factor is interest rate divided by 24. Hope that helps.
Registered User
Joined: Jun 2003
Posts: 5,197
Likes: 1
From: Modesto, CA
Originally Posted by kyazh
Sweet, can you please tell me how you calculated the MF? Thanks!
http://www.cars.com/go/advice/financ...ull&flt=n_rval
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