Residual Value on Lease?? - Page 2 - G35Driver - Infiniti G35 & G37 Forum Discussion

Nov 2, 2006 | 07:03 PM

#16

DaCurryman

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Joined: Aug 2006

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From: Long Island, NY

Quote:

Originally Posted by DirtySouth

MF is based off of the current interest rates for auto loans, which according to www.bankrate.com is 6.87% on a 36 mo & 6.94% on a 60 mo.

I'm not sure what the calculation is to covert the interest rate to money factor though.

Money Factor = Interest Rate/2400

Nov 2, 2006 | 08:28 PM

#17

RBull

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From: Nova Scotia, Canada

Quote:

Originally Posted by DirtySouth

Thanks I was not quoted the leases on a couple of Dodge Caravans just the rate which was 6.7 over 48 months. That was 17 months ago.

Nov 2, 2006 | 08:29 PM

#18

RBull

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From: Nova Scotia, Canada

Quote:

Originally Posted by canuck

http://1040tools.com/html/wc.dll?cptest1~calc~leasec~my

Thanks Shane.

My caravans are at .2875

Nov 2, 2006 | 08:37 PM

#19

Garnet Canuck

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From: Rothesay, New Brunswick, Canada

Quote:

Originally Posted by RBull

Thanks Shane.

My caravans are at .2875

The MF on my new G is 0.00288

Nov 2, 2006 | 08:42 PM

#20

RBull

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From: Nova Scotia, Canada

Quote:

Originally Posted by canuck

The MF on my new G is 0.00288

Pretty close. I don't know much about MF but guess that's good. I know when I got mine they said it was good for a business that normally pay more than retail. I don't know if that's true or not.

Nov 2, 2006 | 10:39 PM

#21

mpgxsvcd

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Joined: Jun 2005

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Quote:

Originally Posted by canuck

The MF on my new G is 0.00288

The money factor on my 05 G was .0021.

.00288 seems really high. The recent lease quote that someone posted for an 07 was .00229. The .00288 rate is almost 7%. Are you sure about that number?

Nov 3, 2006 | 08:10 AM

#22

Garnet Canuck

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From: Rothesay, New Brunswick, Canada

Quote:

Originally Posted by mpgxsvcd

The money factor on my 05 G was .0021.

.00288 seems really high. The recent lease quote that someone posted for an 07 was .00229. The .00288 rate is almost 7%. Are you sure about that number?

Yep, unfortunately I am sure. 6.9%

Nov 3, 2006 | 08:12 AM

#23

RBull

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From: Nova Scotia, Canada

Quote:

Originally Posted by mpgxsvcd

The money factor on my 05 G was .0021.

.00288 seems really high. The recent lease quote that someone posted for an 07 was .00229. The .00288 rate is almost 7%. Are you sure about that number?

Are you in the US or Canada?