Money Factor

The Money Factor is the newest, hit TV series, only on...nahhh just kidding (for now). The money factor, also known as “lease factor” or “lease fee” is related to your annual percentage rate, aka APR. The money factor is just one of many ways of communicating what interest will be charged each month on a lease.

Specifically, if you take the money factor (expressed in a decimal) and multiply it by 2,400, you’ll get the APR (expressed as a percentage). Bada-bing, bada-boom.