2014-09-15T14:44:00+00:00 September 15th, 2014|
A Lease Charge or Money Factor is a complicated method that car dealers use to calculate lease payments. Similar to an interest rate, and you should multiply the money factor by 2400 to approximate the annual percentage rate of your lease. It is not negotiable, but differs from lease-to-lease, car-to-car, and company-to-company. Usually it is not disclosed – that’s because car companies are not required to under Regulation M.