25: Should You Finance or Lease a Vehicle?
Money Feels
00:00
The Difference Between Leasing and Tax Factoring
The cost of that loan over five years, it would end up costing you $30,000. If your interest rate was 8.99, so you'd be paying like not even 10,000 more than what the vehicles were. The difference between how they like charge is that leasing doesn't have the interest rate. And then you multiply the money factor by the capitalized cost to figure out how much extra you have to pay for the lease. I am really good at finance and I'm having trouble following this.
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