More Car Lease Questions

[krogers]

I am considering a lease on a new Chrysler T&C Mini-van. I am still trying to figure out whether a lease is a good deal or not. In another thread Jeff Schronce mentioned the conversion from money factor to interest rate is difficult. The money factor in my deal is .00148. Does anyone know how to translate that into an APR? Or some way to figure out the cost of money? Also what is the residual factor based on? Is it the negotiated cost of the vehicle, MSRP or some other factor? This would be my first lease, I have always purchased i the past. I am trying to figure our the cost of money by using the dealer financing.

[LCHIEN]

conumer reports has a whole page on Lease Vs Buy, they also have worksheets to help figure out the cost differences. I think you have to be a subscriber, you can subscribe for $5 for one month if this info is worth it.

http://www.consumerreports.org/cro/cars/guide-to-new-car-buying/financing/buying-vs.-leasing-basics-2-07/overview/0702_buying-vs-leasing-basics_ov.htm?resultPageIndex=1&resultIndex=2&sear chTerm=auto%20lease%20or%20buy

[Scottydont]

Here a good website that covers the subject well.

http://www.leaseguide.com/lease08.htm

[Sid]

Another info source:

http://www.ricedelman.com/cs/educati...?articleId=171

Sid

[krogers]

Thanks!

Thanks. Those websites were very educational.