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

#16

11-02-2006, 07:03 PM

DaCurryman

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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

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#17

11-02-2006, 08:28 PM

RBull

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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.

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.

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#18

11-02-2006, 08:29 PM

RBull

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Quote:

Originally Posted by canuck

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

Thanks Shane.

My caravans are at .2875

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#19

11-02-2006, 08:37 PM

Garnet Canuck

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Quote:

Originally Posted by RBull

Thanks Shane.

My caravans are at .2875

The MF on my new G is 0.00288

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#20

11-02-2006, 08:42 PM

RBull

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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.

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#21

11-02-2006, 10:39 PM

mpgxsvcd

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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?

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#22

11-03-2006, 08:10 AM

Garnet Canuck

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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%

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#23

11-03-2006, 08:12 AM

RBull

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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?

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