Are you a recent EV buyer (past 3 months) as a result of manufacturer incentives and dealer discounts on these vehicles, including year-end deals? Were you convinced to buy an EV after finding a good end-of-year deal, or due to uncertainty around which EVs will no longer qualify for full/partial EV tax credits in 2024? A national business reporter is interested in speaking with you. Please reach out to [email protected] by 12/15 if interested in sharing your story.
Determination of Money Factor and residual value
I am attempting to lease a 2021 Grand Cherokee Jeep Limited 4X4. with an MSRP of $43,670. Considering I have an excellent score who determines the money factor and how can I learn of the residual value so I can make a more viable calculation. On the previous lease, the financial institution had a 3.6% interest rate. Would that be the same as a .0015 money factor? 2400/3.6 = .0015
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