Lease
Money factor
The money factor is the lease equivalent of an interest rate. It is a small decimal (like 0.00125). To compare it to an APR, multiply by 2400 (e.g., 0.00125 × 2400 = 3.0% APR). Always ask for the base money factor for your approved credit tier in writing. Details may vary by lessor and credit tier.
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Lotly provides educational information, document organization, calculations, and negotiation-drafting assistance. It is not legal, tax, investment, financial, credit, or lending advice. We do not determine whether any charge is lawful or whether any offer is appropriate for you. Confirm all vehicle condition, availability, incentives, fees, financing, lease terms, and contract documents directly with the dealer and relevant professionals before signing.