Leasing a CPO
#4
^It's another way of describing interest rate. CPO usually have higher annual effective interest rate than new vehicle, best to check with your dealer.
Money factors can be converted to annual interest rate (APR) by multiplying by 2400 (Yes, it is always 2400 and is not related to the length of the loan in months). For example, a money factor of .00297 multiplied by 2400 = 7.13%.
Money factors can be converted to annual interest rate (APR) by multiplying by 2400 (Yes, it is always 2400 and is not related to the length of the loan in months). For example, a money factor of .00297 multiplied by 2400 = 7.13%.
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