Car Lease Money Factor Conversions
Filed under Leasing
Provided for you below are some typical leasing money factors and the approximate corresponding interest rate for that money factor. Also a if you forget to take the handy money factor chart with you, a good method to convert the leasing money factor into an actual interest rate is to multiply the money factor by .024.
This Table will help you determine the approximate interest rate you will be assessed on a leas based on the money factor you’re give. If you are considering leasing your vehicle, insist that the dealership give you the money factor they are using to compute your monthly lease payments.
| Money Factor |
Approximate Interest Rate |
Money Factor |
Approximate Interest Rate |
Money Factor |
Approximate Interest Rate |
| 0.0005 | 1.20% | 0.0037 | 8.88% | 0.0069 | 16.56% |
| 0.0006 | 1.44% | 0.0038 | 9.12% | 0.0070 | 16.80% |
| 0.0007 | 1.68% | 0.0039 | 9.36% | 0.0071 | 17.04% |
| 0.0008 | 1.92% | 0.0040 | 9.60% | 0.0072 | 17.28% |
| 0.0009 | 2.16% | 0.0041 | 9.84% | 0.0073 | 17.52% |
| 0.0010 | 2.40% | 0.0042 | 10.08% | 0.0074 | 17.76% |
| 0.0011 | 2.64% | 0.0043 | 10.32% | 0.0075 | 18.00% |
| 0.0012 | 2.88% | 0.0044 | 10.56% | 0.0076 | 18.24% |
| 0.0013 | 3.12% | 0.0045 | 10.80% | 0.0077 | 18.48% |
| 0.0014 | 3.36% | 0.0046 | 11.04% | 0.0078 | 18.72% |
| 0.0015 | 3.60% | 0.0047 | 11.28% | 0.0079 | 18.96% |
| 0.0016 | 3.84% | 0.0048 | 11.52% | 0.0080 | 19.20% |
| 0.0017 | 4.08% | 0.0049 | 11.76% | 0.0081 | 19.44% |
| 0.0018 | 4.32% | 0.0050 | 12.00% | 0.0082 | 19.68% |
| 0.0019 | 4.56% | 0.0051 | 12.24% | 0.0083 | 19.92% |
| 0.0020 | 4.80% | 0.0052 | 12.48% | 0.0084 | 20.16% |
| 0.0021 | 5.04% | 0.0053 | 12.72% | 0.0085 | 20.40% |
| 0.0022 | 5.28% | 0.0054 | 12.96% | 0.0086 | 20.64% |
| 0.0023 | 5.52% | 0.0055 | 13.20% | 0.0087 | 20.88% |
| 0.0024 | 5.76% | 0.0056 | 13.44% | 0.0088 | 21.12% |
| 0.0025 | 6.00% | 0.0057 | 13.68% | 0.0089 | 21.36% |
| 0.0026 | 6.24% | 0.0058 | 13.92% | 0.0090 | 21.60% |
| 0.0027 | 6.48% | 0.0059 | 14.16% | 0.0091 | 21.84% |
| 0.0028 | 6.72% | 0.0060 | 14.40% | 0.0092 | 22.08% |
| 0.0029 | 6.96% | 0.0061 | 14.64% | 0.0093 | 22.32% |
| 0.0030 | 7.20% | 0.0062 | 14.88% | 0.0094 | 22.56% |
| 0.0031 | 7.44% | 0.0063 | 15.12% | 0.0095 | 22.80% |
| 0.0032 | 7.68% | 0.0064 | 15.36% | 0.0096 | 23.04% |
| 0.0033 | 7.92% | 0.0065 | 15.60% | 0.0097 | 23.28% |
| 0.0034 | 8.16% | 0.0066 | 15.84% | 0.0098 | 23.52% |
| 0.0035 | 8.40% | 0.0067 | 16.08% | 0.0099 | 23.76% |
| 0.0036 | 8.64% | 0.0068 | 16.32% | 0.0100 | 24.00% |
