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money factor on Black label

HelenSHelenS Member Posts: 1
edited August 2022 in Lincoln
Nautilus 2022 black label
msrp 68250.00 they are saying my money factor is 1.51 (this does not sound correct) this looks like interest but they said no.
residual is 52%, 12k/yr, $0 down 36month. what should my payment be in Massachusetts 6.25% sales tax( 164.94/month) they say $1244.58 but I do not agree. doc fee 459.00, title and reg 812.50
total due at signing 1871.08
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  • MichaellMichaell Moderator Posts: 258,818
    HelenS said:

    Nautilus 2022 black label
    msrp 68250.00 they are saying my money factor is 1.51 (this does not sound correct) this looks like interest but they said no.
    residual is 52%, 12k/yr, $0 down 36month. what should my payment be in Massachusetts 6.25% sales tax( 164.94/month) they say $1244.58 but I do not agree. doc fee 459.00, title and reg 812.50
    total due at signing 1871.08

    1.51% APR (Ford and Lincoln use APR for leases instead of MF; divide by 2400 to get a rough equivalent)
    52% residual

    What is the selling price?

    What payment do you think it should be?

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