Leasing a CPO

Reply Subscribe

Thread Tools

Search this Thread

Apr 26, 2010 | 12:06 PM

Lexusconvert?

Thread Starter

Instructor

Joined: Jan 2009

Posts: 135

Likes: 0

From: Richmond, VA

Leasing a CPO

Does acura offer special lease rates on there CPO cars. Was just wondering.

Apr 26, 2010 | 04:04 PM

RkFast

Instructor

Joined: May 2007

Posts: 232

Likes: 0

Dont do it. Money factor is sky high. Was looking to do it on an RDX.

Apr 27, 2010 | 06:00 PM

Lexusconvert?

Thread Starter

Instructor

Joined: Jan 2009

Posts: 135

Likes: 0

From: Richmond, VA

I have never leased a car before what is the money factor.

Apr 27, 2010 | 06:36 PM

09TSXTech

Three Wheelin'

Joined: Sep 2008

Posts: 1,946

Likes: 83

From: Vancouver, BC

^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%.