Quote:
Originally Posted by FaintReality
On a lease, is the money factor set by the finance company or is it based on my credit? Is this negotionable or am I stuck with what ever I receive?
As of today, mine comes out to 0.0026 / 6.30% which seems kind of high?
dave
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A BASE lease money factor is set by the finance company. Call a bunch of dealerships and ask them what the money factors are. In a lease the residual will never change, that is a set rate, however the money factor changes from dealership to dealership. The higher above the base money factor a dealer sells the more points they make, thus the more commission. Believe me i hassled a lot of dealers and I had an actual salesman confess this to me.