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
Lease "money factor"?? what and how is this calculated?
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
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.
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