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CarVice : What is a Money Factor on a lease? And how to calculate it into APR

CarVice 9 views

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Comments


@1simhon
 Thank you! Awesome clear explanation
Comment from : @1simhon


@gm1937
 Can you please do this video over again with a much darker marker, such as the dark one you use for the title of your chalkboard thank you
Comment from : @gm1937


@MrQwerty71770
 so on a lease, you only pay interest on the depreciating value, and not on the total car value? so if a money factor is 00022 (meaning, 52 APR), that means I would pay that interest only on the depreciation of the car?
Comment from : @MrQwerty71770


@MB-gd6be
 The ques Is what is the formula for the Money factor? It's out there Check capital one
Comment from : @MB-gd6be


@thelemusteam
 Don’t you pay MF on residual and cap rate
Comment from : @thelemusteam


@2023Red
 Your video was excellent Two considerations for improvement are volume and visual Consider increasing volume before upload to You Tube Consider wide tip black marker permanent on back of a poster or book cover
Comment from : @2023Red


@waxmanvids5015
 need mic fella
Comment from : @waxmanvids5015


@Niviatab
 Very helpful video; thank you for simplifying/demistifying money factor
Comment from : @Niviatab


@khenrico
 Money factor isnt what it seems If you do the calc on total interest $ paid on a lease, it by no means equates to what most understand an APR to work out to
Comment from : @khenrico


@TheJPinder
 why 2400?
Comment from : @TheJPinder


@diem8213
 Thanks for ur video! Very clear!! Totally made sense
Comment from : @diem8213


@ori_siddity
 How can you calculate on your own what the money factor is What is the formula?
Comment from : @ori_siddity

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