Money Factor - Motor Sports (gambling) - 4 u search,search for you

Money Factor - Motor Sports (gambling)

The money factor is used to determine the lease rate. For all intents and purposes it is the lease equivalent of the interest rate on a conventional loan. The money factor is the current annual percentage rate divided by 24. To figure out the equivalent interest rate, multiply the money factor by 2400. The money factor usually has two zeroes after the decimal point before the rest of the number, for example 0.004133, so any differences in the figure seem very small, but translated into an interest rate they can make a great difference in the actual finance cost of a lease.

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