Quote:
Originally Posted by Maitre_Absolut
I get 3.75%. The only way is guess and check.
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I don't think you have to guess and check...there should be a mathematical formula to derive money factor.
I haven't been on leasehackr in a while (their forum there would easily answer all your lease questions) but if i recall correctly:
Money Factor = (Rent Charge / # of Months) / (Adj Cap + Residual)
So your money factor is 0.00155
Multiply by 2400 to get the interest rate = 3.72%