Money Factor Calculator
Enter the money factor from a lease quote to see the equivalent APR you are being charged.
- Free
- No sign-up
Enter the money factor to see the equivalent APR.
Worked example
With these example inputs:
- Money factor0.0025
Equivalent APR: 6.0%
- Monthly rate0.5%
- Monthly rent charge on 30,000$150.00
Frequently asked questions
How do you convert a money factor to APR?
Multiply the money factor by 2,400. A money factor of 0.0025 equals a 6% APR, which makes lease finance charges easier to compare with a loan.
Why is the money factor written so small?
Leases quote the rate as a tiny decimal instead of a percentage, which can hide how expensive it is. Converting to APR reveals the true cost of the lease financing.