“MONEY FACTOR” IS THE INTEREST RATE ON A LEASE (Dealers can mark-up the money factor, which increases the interest rate and their profit)

Car Negotiators 973-809-3745

“MONEY FACTOR” IS THE INTEREST RATE ON A LEASE.

DEALERS CAN LEGALLY MARK-UP THE MONEY FACTOR, WHICH INCREASES THE INTEREST TO YOU AND RAISES THE PROFIT FOR THEM BY THE SAME AMOUNT IT RAISES YOUR INTEREST 

Continue reading ““MONEY FACTOR” IS THE INTEREST RATE ON A LEASE (Dealers can mark-up the money factor, which increases the interest rate and their profit)”

“A.P.R.” IS THE INTEREST RATE ON A FINANCE LOAN (Dealers can mark-up the APR rate and increase their profit)

Car Negotiators 973-809-3745

“APR” ANNUAL PERCENTAGE RATE IS THE INTEREST RATE ON A FINANCE LOAN

MONEY FACTOR IS THE INTEREST RATE ON A LEASE

DEALERS CAN LEGALLY MARK-UP THE A.P.R. OR MONEY FACTOR WHICH INCREASES THE INTEREST TO YOU AND RAISES THE PROFIT FOR THEM. 

Car Dealerships can legally mark-up the A.P.R. to their customer because dealers are licensed brokers for the banks and leasing companies.

The dealership buys the money from the bank or leasing at what is called the “BUY RATE”.  Continue reading ““A.P.R.” IS THE INTEREST RATE ON A FINANCE LOAN (Dealers can mark-up the APR rate and increase their profit)”