MF 就是 Money Factor,这是一个和利率 APR 有关的量,具体来说 APR/2400 = MF。MF越高,你要给的利息也就越多。很多时候这一项也叫 finance charge 或者 rent charge。 Depreciation 和 Interest 加起来就是每个月的 pre-tax lease payment。 2.3. Tax 计算 ...
See the Lease Money Factor page for more details about the Money Factor. Money Factor to Interest Rate Calculate % Money Factor Formula: Money Factor = Interest Rate / 2400Interest Rate to Money Factor % Calculate Interest Rate Formula: Interest Rate = Money Factor * 2400...
In fact, it is theonlypart of a lease that a dealer can negotiate. All other factors such as money factor, residual value, and acquisition fee are already set by the lease finance company. Therefore, it’s important to know that you should always get the best price possible on a vehicle...
Money factor can be negotiated if it’s higher than the base rate. But that is typically tied to your credit score, so they won’t approve you if you don’t qualify. But if you qualify and they are padding it, you can try talking them down. The bank determines it but the dealer i...
Money Factor = Lease Charge ÷ ( (Net Cap Cost + Residual) x Term ) — then — To convert Money Factor to APR Interest Rate, use the following formula: Interest Rate = Money Factor x 2400 or use our Money Factor – Interest Rate Converter ...
fact that it is more commonly called the money factor. Always ask the dealer what money factor they can offer and learn how to convert the money factor into an interest rate. To get the interest rate, all you have to do is multiply the money factor by 2,400. This is the formula: ...
Step One: Calculate the Money Factor The money factor is used to calculate the lease fee. It is calculated by dividing the interest rate by 2400, as the formula below shows. Money Factor Formula money factor =interest rate/2400 In our example, the interest rate is 4%, but for this calcu...
Calculate the Money Factor Select a cell to see theMoney Factor. Here,C15. Enter the following formula inC15. =C9/24 PressENTERto see theMoney Factor. Calculate the Interest Select a cell to see theInterest. Here,C16. Enter the following formula in cellC16. ...
Money Factor = Interest Rate / Lease Term Money Factor = 5% /24 Money Factor =0.002083333 Finance Cost is calculated as using the formula given below: Finance Cost = (Net Capitalized Cost + Residual Value) * Money Factor Finance Cost = (55,000 + 2,000) * 0.002083333 ...
(10% divided by 2,400). To get the total lease interest cost, add the residual value ($5,500) to the original agreed upon value of the property ($10,000), which results in $15,500. Then multiply the result by the money factor (0.00417). The total monthly interest cost in this ...