im still looking into the CL-S lease, and im getting worried that the fact i have no credit will get me in trouble. my parents are co-signing, and they have sterling credit.....how much will that help me? they are in tier 1, im in 4......which one will they finance me at. how do they calculate credit on a lease? residual value increses? thanks

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Coming soon: 2001 CL Type-S
Right now: 92 Integra

Newest update: Mid-May if i can pull a miracle

 

Not sure which tier they're throw you in. When they factor in the "credit"point, it's an adjustment to the "money factor" which is the lease equivalent to a financing interest rate (APR).

To figure out what the corresponding rate is, take the "money factor" and multiply by 2400. That'll give you the APR interest equivalent.

Hope that helps.

 

thanks....i should be OK as long as im not in tier 4.....i want a payment of about $400/mo for 48 mo 12K mi w/ $4000 total driveoff

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Coming soon: 2001 CL Type-S
Right now: 92 Integra

Newest update: Mid-May if i can pull a miracle