Money Factor: Lease & Loan

By Christian Okeke on AppTrack Ninja.

True APR for any auto deal

Decode the money factor your dealer hopes you'll skip. Money Factor turns the lease or loan numbers your dealer quotes into the one number that matters: your real APR. Type in the price, monthly payment, residual, and term — and instantly see the actual interest rate behind the deal, plus your true cost per mile over the lease or loan period. WHAT IT DOES • Reverse-engineers the real APR from any lease quote (money factor decoded automatically) • Computes APR on auto loans the same way — including when the dealer marked it up • Cost per mile over the term so you can compare apples to apples •…

Categories: Finance

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