Lexus SC 430 Lease Questions

16 messages, Last post on Jan 31, 2008 at 2:18 AM

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What is this discussion about? Lexus SC 430, Car Leasing, Convertible

#12 of 16 Car Man? by bslusher Jan 07, 2008 (4:07 pm)
Car man! What does .00255 mean? I understand the 52%. If car's price is 65,000, how do they figure the lease payment? This leasing is all new to me. Thanks in advance. Replies to this message: kyfdx (Jan 07, 2008 7:08 pm) Car_man (Jan 31, 2008 2:18 am)
#13 of 16 Re: Car Man? [bslusher] by kyfdx HOST Jan 07, 2008 (7:08 pm)
Replying to: bslusher (Jan 07, 2008 4:07 pm) Calculate Your Own Lease Payment Leasing Tips Enjoy!
#14 of 16 Re: Car Man? [bslusher] by Car_man HOST Jan 31, 2008 (2:18 am)
Replying to: bslusher (Jan 07, 2008 4:07 pm) Hey bslusher. The articles that kyfdx directed you should answer most of the questions that you have about leasing. .00255 is this car's money factor. Most banks use money factors instead of interest rates to calculate the interest portion of lease payments. You can convert money factors into approximate money factor equivalents to see how good they are by multiplying them by 2400. So, a money factor of .00255 would be equal to an interest rate of around 6.12%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum