The rent charge on a car lease refers to the total sum of finance charges that the lessee will pay over the entire term of the car lease. The rent charge is also known as the “lease charge” and it is one of the three components of what is paid for over the term of …
When visiting a dealership for the purpose of leasing a new vehicle, you rarely hear the term “lease factor” being used by salesmen or managers. The lease factor or money factor can be defined most simply as a small decimal number that is similar to an interest rate. This small number is used to calculate …
How to Convert the Lease Money Factor into an APR Interest RateRead More »
