Hello! New supporter. Playing around with the rate finder. Is the money factor that populates when entering VIN or vehicle based on current rates? Shopping vehicles to get an idea on what to expect and the money factor apr I’m seeing is in the 7s. Seems really high so I’m trying to understand if this is where rates are these days or is that an arbitrary number. Thanks in advance.
The base rate is set by the lessor. Just because it has a high mf doesn’t automatically make it a bad deal if the other variables are highly favorable.
Some lessors have a strategy of a high mf couple with a high rv. We always stress on here to look at all the variables together vs one or one at a time.
If you let us know the vehicle your after we can do a spot check on the rate however I have no reason to believe it is incorrect.
Thank you for taking the time to reply.
Keep in mind some vehicles have a standard rate program and an incentivized program in the calculator. Make sure you click the incentivized program to “open” it up.
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