audiracer
April 15th, 2004, 00:27
me not being an accounting expert or a CPA, what does the "money factor" mean and how do you calculate it for the leasing programs?
TIA
Bauer
April 15th, 2004, 01:12
Money factor is like an interest rate on a loan, it is used to calculate how much the finance company will be charging you for the use of the money. If you use the search feature on the site you will find a thread with a calculator and explination. I belive Jconnely is the one who posted it. I hope this helps.