lease-money-factor

A very well kept secret for lease companies: The Money Factor!

You might have never heard of it, but that doesn't mean it's not there. An auto lease is also another area where the auto sales industry makes a lot of money.

The interest on a lease, also known as the money factor, is represented as a decimal digit, for example: .00123, and is constantly skipped over.

Many times the finance department of a dealership, more commonly at higher end brands, will mark up the money factor to the maximum they are allowed.

What may have seemed like a great deal based off a "discount" being shown off MSRP, may be very well recuperated by a dealership charging excess interest to cover the loss.

A simple search online will reveal what the true money factor of a particular make or model vehicle should be.

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