Leasing Money Factor

[Ravenous21]

Hello All! I've been around this forum since Aug and haven't really posted since it seems like every question I've ever had has been asked before, love the community and can't wait to truly join it! My question is unique I guess, I've been working with Alliant (bank used in CA) and Tesla to lease my vehicle shortly after I return from deployment in Feb. In the time since I first applied (out of sheer excitement) in Aug to when I will reapply in the next week or so the money factor has gone up by 3 points. Should I wait until February to see the new factor that month brings or just lock down the current rate of .0020 next week? Thanks in advance for your help!

 

[jeffro01]

Well that's hard to say... It all depends on how the markets react to the inauguration of Cheeto Jesus... The trends though are up, not down, so you do run the risk of the money factor going up even further...

Again, it's a bit like gambling... The house usually wins though, again, just like gambling...

Jeff

 

[Ravenous21]

Hahaha, Cheeto Jesus! Thank you very much for your input, I was able to talk with the financial specialist and he sorted things out quite nicely. Glad to be getting ahead of whatever changes may be coming down the road.