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MF and taxes...
Money Factor is simply another way of calling interest rate..
Take your interest rate and devide by 2400.. you'll get your MF..
so a MF of .0025 means an interest rate of 6%.
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In terms of taxes, it varies between states, but in NJ you only pay tax on the money you're borrowing from the bank (CAR VALUE minus RESIDUAL VALUE in X months of the lease).. i know certain states will chage your tax on the whole value of the vehicle which sux!
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2011 X5 3.5D - Platinum Gray / Black Leather / Dark Bamboo, Sports w/ 20's, Adaptive Drive, Comfort Seats, Cold Weather, Premium, Sound, Rear Climate, Technology, Comfort Access, Auto High Beams, Heated Rear Seats, Running Boards, Roof Rails w/Rola Crossbars, Space-saver Tire, Moonroof visor, P/Q Brake Pads, Cargo Mat, Weathertech All Weather Mats, Draw-Tite Hitch.
2010 X5 4.8i - Lemon'd 12/2010.
2006 X5 4.4i - Sold 11/2009.
2004 X5 4.4i - Stolen 8/2005. R.I.P.
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