Hello folks, I leased my car back in July 2006. I was looking over my contract and I couldn't find the money factor amount anywhere. Does anyone know how I can calculate the money factor from the other information I have on the lease contract?

Car: 2006 base G35 sedan w/ sunroof 5AT
12,000 miles per year for 24 months

Amount due at lease signing ...................$3000
..cap cost reduction.............................. $2202.53
..first payment .......................................$305.01
..Registration fees.................................. $257.00
..Tax on Cap Cost Reduction .....................$181.71
..Dealer Doc Prep fee ................................$45.00
..CA Tire .................................................. $8.75


Agreed upon value of car....................... $30054.08
Acquisition fee........................................ $550
Gross Cap Cost..................................... $30604.08
Cap Cost Reduction................................. $2202.53
Adjusted Cap Cost................................. $28401.55
Residual Value ..................................... $22644.00
Depreciation amount................................ $5757.55
Rent Charge........................................... $1004.69
Total of Base Monthly payments ................ $6762.24
Lease Payments ...............................24
Base Monthly payment................................ $281.76
Monthly tax's ............................................. $23.25
Total monthly payment .............................. $305.01


money factor .................................................. ??
residual % .................................................. .... ??

Car was leased in July 2006 in CA

 

M/F is 0.00082 (1.97%)

Residual % is Residual Value (22644) divided by MSRP (unknow), my guess is around 67%.

 

Sweet, can you please tell me how you calculated the MF? Thanks!

 

Money factor they give you but the interest rate you usually have to figure. The interest rate is the money factor times 24 (regardless of term) so by that the money factor is interest rate divided by 24. Hope that helps.

 

Find an on-line lease calculator and plug the known numbers in and adjust the M/F till it matchs your monthly payment...

http://www.cars.com/go/advice/financ...ull&flt=n_rval