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18 Ιουλ 2024 · With this money factor calculator, we aim to help you calculate the equivalent annual interest rate of your vehicle lease. The money factor enables you to understand the interest component of your lease payments.
The money factor is essentially the portion of the monthly payments on a lease that is allocated to the financing cost of the lease. It is similar to the interest paid on a mortgage. The money factor is typically not quoted in an APR (annual percentage rate) .
You won’t find your Monthly Finance Fee or Interest Rate or Lease Money Factor shown in your lease contract. It’s not required by law. Rather, they only show you a “Lease Charge” or “Rent Charge,” which is the sum of all your monthly finance fees over the entire term of your lease.
12 Απρ 2021 · To calculate the money factor, use this formula: Money Factor = Lease Charge / (Capitalized Cost * Residual Value) * Lease Term. It's important to note that the customer’s credit score determines the money factor.
20 Μαΐ 2022 · Money factor is also known as a "lease factor," "lease fee," or "lease money factor." The money factor is the financing charge a person will pay on a lease. It is similar to the...
Free lease calculator to find the monthly payment or effective interest rate as well as interest cost of a lease. Also, gain some knowledge about leasing.
13 Νοε 2013 · To get the money factor, call or email a dealership that sells that brand and be specific about the model you're considering: Money factors may not be the same for all models. Money factors...
