Question
Is MARR and money factor the same for a lease. I have this problem where I have to do a comparison between buying a car
Is MARR and money factor the same for a lease.
I have this problem where I have to do a comparison between buying a car and leasing one 10,000 miles/ 36 months .
Perform your analysis for the values of MARR between 1% to 10% (increment of 0.5%), and decide about the best option (keeping the current car, buying a new one, leasing a new one) for each MARR value.
I'm not asking anybody to solve the whole question, just some explanation in terms of the MARR.
Should I see it as the APR for the lease which will be the money factor? or is it something completed different.
Thank you
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