Who sets the money factor and what determines that rate?
1 Like
Leasing companies set it. They can adjust as they desire…
3 Likes
Bank sets it and ongoing mkt and feds interest rates determines it plus how many cars they want to move fast but still make money on it.
2 Likes
Also, dealers are often allowed to mark the MF up to some degree. So I guess there is occasionally a difference of what the MF should/could be and what is actually is.
1 Like
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.