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The lower the money factor, the less interest you'll pay over your lease term. Generally, a money factor of 0.0025 and below (the equivalent of 6% APR) is considered a good rate.

Your Lease ID is the 3-5 digit account number that may be found on your apartment lease agreement followed by the first 3 letters of the primary lease holder's first name and the first 3 letters of the primary lease holder's last name.

Finance Fee = ( Net Cap Cost + Residual ) × Money Factor This is the method used by all lease companies and dealers. Also be aware that you're paying finance charges on both the depreciation and residual (the total of which is the negotiated selling price of the car).

Divide the depreciation amount by the number of months in your lease. This will be your base payment. Add the adjusted capitalized cost and the residual value. Take the sum and multiply it by money factor.

With this method, your monthly payment is calculated in the normal way (see Monthly Lease Payments), including sales tax, and assuming $0 cap cost reduction. That payment is then multiplied by the number of months in your lease (lease term), which gives you the amount of your single up-front payment.

How much is a lease for a $45,000 car? Using our calculator, we input a $5,000 down payment, an assumed $25,000 residual value, an interest rate of 7% and a term of 36 months (three years). It resulted in monthly payment of $606 before taxes.

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. The lease guarantees the tenant (also known as the lessee) use of the property and guarantees the lessorthe property owner or landlordregular payments for a specified period in exchange.

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.

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.

Broadly put, a lease agreement is a contract between two parties: the lessor and the lessee.For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: A lease in which the asset is tangible property.