Expect to pay a higher
lease money factor (interest rate) if you have no credit history.
Not exact matches
The
lease rate — or
money factor — will be determined by your credit score.
You pay
money factor to compensate the
leasing company for using its car and for the risk it takes by trusting that you will make all of your payments.
Most
lease agreements do not list what your
money factor is.
The other big piece that determines your monthly
lease payments is your
money factor, or
lease factor.
The
money factor on a
lease is like the interest you would pay if you took out a loan on a car.
If you agree to pay two or more fully refundable security deposits, the
leasing company reduces the interest rate (which is called
money factor when
leasing) because its risk is lower.
However, the underlying
factor in net -
lease finance activity in 2000 will be the cost of
money.