An interest rate divided by 2400. The money factor is used to calculate the size of lease payments in the same way that the interest rate is used to calculate loan payments.
Related information about money factor:
- Financial Money Factor
efunda's iPhone version of its online loan, lease, and APR calculators. Choose any variable (loan amount, payment, interest rate, etc.) as the unknown and ...
- Money Factor | Car Lease Money Factor - Explained
Car Lease Money Factor. How is money factor important in car leasing? Understand how to get the best money factor and the lowest lease payments.
- Money Factor Definition | Investopedia
The alternative method of presenting the amount of interest charged on a lease with monthly payments. A money factor can be translated into the more common ...
- Money Factors in Car Leases
If you don't know what the money factor is, then keep on reading. We're going to explain ... That's where you can see how the money factor is used. We'll even ...
- Finding the best money factor - Lease Advisor
Out of all the elements of a lease, the money factor is easily the most negotiable. This is where consumers also find the most frustration because they do not ...
- Money Factor - Financial Dictionary - The Free Dictionary
In a leasing agreement, the interest rate. For example, when one leases a car, the bank or leasing company buys the car from the dealer, and lends its use to the ...
- Annual percentage rate - Wikipedia, the free encyclopedia
The APR can also be represented by a money factor (also known as the lease factor, lease ... The money factor is usually given as a decimal, for example .0030 .
- Money Factor Calculator « Auto Leasing Guide – CarLeasing.org
The money factor or lease factor (or lease rate) is 2 / (C + F)r where r is the interest rate. C is the initial capital cost, and F is the residual value at the end of the ...