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Glossary
Glossary
Glossary of Automobile Buying and Financing | |
Glossary of terms related to automobile buying, leasing, financing, driving, and insuring. | |
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| Term | Definition |
| money factor | Money factor is a car leasing term that relates to interest rate. It's expressed as a very small number like .0023. To convert money factor to interest APR, simply multiply by 2400. |
| MSRP | Manufacturer Suggested Retail Price, sometimes called sticker price for new cars. It is the retail price of a new car, but not necessarily the selling price. Most new cars sell for less than MSRP however new cars that are in high demand can actually sell for more than MSRP. |
| Glossary V2.0 | |