Brand Equation Lease For Free

Rent Charge = (Net Capitalized Cost + Residual) × Money Factor A Rent Charge requires you to add both the Net Capitalized Cost of the vehicle to the Residual before you multiply it by your Money Factor (for more information on determining Money Factors, see Leasing Basics) Many people think that adding both the Net

Different lenders (leasing companies) will offer different interest rates. Use a rate between 2% and 5% if you have strong credit, between 6% and 9% for average credit and between 10% to 15% for poor credit. Length of the lease: Car leases usually last 36 months, which is how long most extended warranties last.

A decent money factor for a lessee with great credit is typically around 3% to 5%. If you have fantastic credit and you're offered a lease with a money factor higher than . 0025 (or 6% APR) then it may be worth your time to shop around.

The Money Factor is just a simple calculation derived from the interest rate. As discussed in the "Shopping for your Lease" section, money factors are set by the lending institutions and are not easily negotiated.

A lease rate factor is the regular lease payment as a percent of the total cost of the leased equipment. Stated another way, if you multiply the lease rate factor by the cost of the leased equipment, you will determine the regular payment amount.This assumption will change the payment and thus the lease rate factor.

Rent Factor means the then current Base Annual Rental divided by the aggregate Purchase Price.

Multiply the MF by 2400 to get the equivalent Annual Percentage Rate (APR).Step 1: Calculate Monthly Depreciation.Step 2: Calculate Monthly Finance Charge.Step 3: Depreciation + Finance Charge = Lease Payment.Step 4: Taxes, Registration, And Fees.Apr 17, 2016