Quote:
Originally Posted by Rohardi
Am I incorrect in my calculation of an interest rate of 6.5% converts to a money factor of approx .0028???? Does that seem excessively high? I was thinking in the .00195 range.
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Yes, just under .0028 - the previously mentioned .00195 was just a guess though I believe. If this is the case I would rather finance at 1.99% and buy it.