WebJul 22, 2024 · As an example, let’s say you’re going to lease a car with $25,000 ACC and a residual value of $15,000, and you’re given a fairly average money factor of 0.0020. To calculate the amount of monthly … WebDec 12, 2024 · We work closely with a network of dealerships across California and beyond to make the magic happen. Learn More.
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What is the Lease Money Factor? Capital One Auto …
WebOct 4, 2024 · In auto leasing, the interest rate is expressed differently. It's called a money factor, sometimes also referred to as a lease factor or lease fee. A money factor is going to be expressed as a decimal, such as “0.0056.”. To see your annual percentage rate (APR), you multiply it by 2,400. A lease with a .0056 money factor has an APR of 13.44%. WebSubtract the residual value as supplied by the financial institution, $18,000 - $12,500 = $5,500. This is the amount that needs to be amortized over the life of the lease. Simply … WebApr 24, 2024 · Money factor = lease charge ÷ (capitalised cost + residual value) x lease term; Low Money Factor. Having a low money factor for your lease might show that you … if chloroplast\u0027s