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Old 03-02-2007, 10:04 AM
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genemish genemish is offline
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Join Date: Sep 2005
Location: New Providence, NJ
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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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