Curious about the money factor on your lease? Enter the interest rate and our Money Factor Advanced Calculator will show you the money factor.
Money Factor Calculator
Money Factor Calculator
Component | Description |
---|---|
Interest Rate | The annual interest rate for the lease. |
Money Factor | The interest rate expressed as a decimal, used in calculating lease payments. |
Formula | Money Factor = Interest Rate / 2400 |
Purpose | Used to calculate the money factor for lease agreements, aiding in determining monthly lease payments. |