paid the factory for the car

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e cost of getting the car ready for resale, and it could blast an unexpected hole in your wallet. Leases are usually pretty specific about how they define wear and tear, so it's a good idea to know what a scraped bumper or damaged cupholder might cost, not to mention tire treads. If you think something will be assessed as being outside normal wear and tear, consider fixing it before you return the auto, as many dealer service departments will upcharge for end-of-lease repairs.Invoice price. Pay attention to this one; the invoice price is what the dealer.


paid the factory for the car, and it's considered the bottom-line cost below Northeast Mobile Number List the MSRP. (Remember, the MSRP is what the automaker thinks is a fair price, plus a healthy profit for the dealer.)Resources such as Edmunds, Kelley Blue Book, and the National Automobile Dealers Association (NADA) can offer insight into prices. Don't forget that pricing can vary by region and model availability (something that anyone who tried to buy a car during the pandemic supply chain crunch knows full well). On the flip side, rebates or other incentives could push prices even lower than invoice. In other words, there's a lot of wiggle room.Money factor. This may be called the lease factor.






lease rate, or even rent charge. It's really just the interest rate the charges dealer you to borrow against the money it already spent to purchase the car. But it's calculated by denominations that don' t clearly spell out what the rate is, such as 0.0010, 0.0025, or 0.0033. To convert this to a more understandable interest rate, multiply the money factor by 2,400. So, for example, 0.0025 x 2,400 = 6%.Why 2,400? It's algebra based on the average daily balance, which over the life of a loan will be at the halfway (1/2) mark. It's also a monthly factor, so you divide the annualized rate