monthly payment / insurance and others...
08-10-2003, 02:34 AM
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monthly payment / insurance and others...
Since i got F up by a so cal dealer, if you guys don't mind, let's post a comparison so we can have a buyers beware thread
Since rarely does 2 person got the identical deal including taxes, the intention of this thread is to act as a guild line, hence "Price" can be MSRP or actual.
Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co
for me from the same dealer (Galpin Ford/Mazda, Van Nuys CA):
31100 / 3000 / 540 / 9.89% / 0.0041 / 48 / ?? / 27 / CA / Mazda? / lease
31100 / 3470 / 470 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease
31100 / 4368 / 428 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease
*Edit: added "Residual Value" & "Finance or Lease"
Since rarely does 2 person got the identical deal including taxes, the intention of this thread is to act as a guild line, hence "Price" can be MSRP or actual.
Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co
for me from the same dealer (Galpin Ford/Mazda, Van Nuys CA):
31100 / 3000 / 540 / 9.89% / 0.0041 / 48 / ?? / 27 / CA / Mazda? / lease
31100 / 3470 / 470 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease
31100 / 4368 / 428 / ?? / 0.0026 / 48 / 13,xxx / ?? / 27 / CA / WellsFrago / lease
*Edit: added "Residual Value" & "Finance or Lease"
Last edited by TerenceT; 08-10-2003 at 04:31 PM.
08-10-2003, 03:42 AM
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Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
31100 / 12500 / 399 / 4.39% /?? / 60 / around 1800 per year / 25 / CA / Bank One
Anahiem Mazda
Winning Blue GT
P.S. What's MF anyways?
31100 / 12500 / 399 / 4.39% /?? / 60 / around 1800 per year / 25 / CA / Bank One
Anahiem Mazda
Winning Blue GT
P.S. What's MF anyways?
08-10-2003, 06:55 AM
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Donald--
MF stands for Money Factor. It is essentially the interest rate of a lease. In Terence's case, a MF of 0.0041 is 9.84%, which is pretty lousy.
Instead of listing interest rate, Terence's grid should have Residual, since as I said before, the money factor and interest rate are pretty much the same thing.
Terence--
Have you checked out LeaseCompare.com? A couple of people on the forum have used them to help get a pretty decent lease. Also, Hercules and Eccles went through Apple Leasing, and they got pretty good deals, too.
Good luck!
--Anthony
MF stands for Money Factor. It is essentially the interest rate of a lease. In Terence's case, a MF of 0.0041 is 9.84%, which is pretty lousy.
Instead of listing interest rate, Terence's grid should have Residual, since as I said before, the money factor and interest rate are pretty much the same thing.
Terence--
Have you checked out LeaseCompare.com? A couple of people on the forum have used them to help get a pretty decent lease. Also, Hercules and Eccles went through Apple Leasing, and they got pretty good deals, too.
Good luck!
--Anthony
08-10-2003, 07:05 AM
#4
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Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
32095/1500/527/5.75/?/72/less than 600 per year/36/VA/PeopleFirst
32095/1500/527/5.75/?/72/less than 600 per year/36/VA/PeopleFirst
08-10-2003, 09:05 AM
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Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
$33,872 / $9,500 / $449.49 / 3.99%APR / ----- / 60mths / $800 year(2 people) / 28 / VA / BB&T
(modified to reflect tax/title/tags in total price)
$33,872 / $9,500 / $449.49 / 3.99%APR / ----- / 60mths / $800 year(2 people) / 28 / VA / BB&T
(modified to reflect tax/title/tags in total price)
08-10-2003, 10:19 AM
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Total Price Incl. Tax Tags/ $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
34760.24 / 4760.24 / 477.46 / 4.59 / 72 / $800 per year / 32 / PA / USAA
Im not sure how you guys are calculating price. I'm using total price which includes tax and tags.
Shane
34760.24 / 4760.24 / 477.46 / 4.59 / 72 / $800 per year / 32 / PA / USAA
Im not sure how you guys are calculating price. I'm using total price which includes tax and tags.
Shane
08-10-2003, 11:03 AM
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Total Price Incl. Tax Tags/ $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
33286 / 12286 / 389 / 4.24% /?? / 60 / $780 per year / 34 / OH/ PeopleFirst (Capital One)
33286 / 12286 / 389 / 4.24% /?? / 60 / $780 per year / 34 / OH/ PeopleFirst (Capital One)
08-10-2003, 11:33 AM
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Price / $ down / Monthly payment / interest rate / MF / term / insurance / age / State / Finance Co
32644 / 16174 / 377 / 4.90% / NA / 60 / ~1100 year / 33 / CA / Spectrum Federal
32644 / 16174 / 377 / 4.90% / NA / 60 / ~1100 year / 33 / CA / Spectrum Federal
08-10-2003, 12:28 PM
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Originally posted by MadRonin
Donald--
MF stands for Money Factor. It is essentially the interest rate of a lease. In Terence's case, a MF of 0.0041 is 9.84%, which is pretty lousy.
--Anthony
Donald--
MF stands for Money Factor. It is essentially the interest rate of a lease. In Terence's case, a MF of 0.0041 is 9.84%, which is pretty lousy.
--Anthony
how to convert MF to percentage? or vice versa
08-11-2003, 11:41 AM
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Originally posted by TerenceT
tony
how to convert MF to percentage? or vice versa
tony
how to convert MF to percentage? or vice versa
To find your interest rate, multiply your MF by 2400. If you want to know your MF, divide your interest rate by 2400.
Here's a good lease calculator to try http://www.leaseguide.com/calc.htm
Hope that helps.
Tony
08-12-2003, 03:56 PM
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total price / down / monthly payment / interest rate / MF / terms / insurance / age / state / finance co
$30225 / $7000 / $427 / 3.92% / NA / 60 / $1042 per yr / 28 / FL / SunTrust
I had prequalified with PeopleFirst (Capital One) for 3.99%. But I just use that as leverage to get a slightly lower rate 3.92% from the dealer. A total saving of $44 :p . But then I don't have to do automatic debit.
$30225 / $7000 / $427 / 3.92% / NA / 60 / $1042 per yr / 28 / FL / SunTrust
I had prequalified with PeopleFirst (Capital One) for 3.99%. But I just use that as leverage to get a slightly lower rate 3.92% from the dealer. A total saving of $44 :p . But then I don't have to do automatic debit.
08-18-2003, 01:30 PM
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FINANALLY!!!!!
Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co
31100 / ZERO / 470 / 3.89% / .00165 / 48 / 15XXX / 900/6MO / 28 / CA / US Bank
zero drive off too
Price / $ Down / Monthly Payment / Interest Rate / MF / Term / Residual value / Insurance / Age / State / Finance Co
31100 / ZERO / 470 / 3.89% / .00165 / 48 / 15XXX / 900/6MO / 28 / CA / US Bank
zero drive off too
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