About our car lease financing loans
When you finance the lease’s full amount upfront with our funds, you’re effectively bypassing the traditional monthly financing charge calculated by the money factor. In your typical lease, the money factor is used to compute the finance charge on each monthly payment. However, if the lease is paid in full at the start, that periodic charge is no longer applied. Instead, you repay us under terms set by our lower interest rate loan—meaning you avoid the higher cumulative cost you’d otherwise incur if the lease payments were financed at the money factor rate.
In short, by paying the lease balance in full upfront using our financing, you eliminate the monthly money factor cost and then simply pay us back at our (more favorable) interest rate. This structure can lower your overall cost, provided our rate is lower than the effective APR implied by the lease’s money factor.
For specific terms and conditions and to understand how this applies to your situation consult with our financing team.
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