What is a money factor?

Money factor is the lease equivalent of an interest rate. Multiply by 2,400 to convert to APR. E.g., 0.00125 × 2400 = 3%.

What is residual value?

Residual value is the estimated worth of the vehicle at lease end. Higher residual = lower monthly payments.

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What is a money factor?: Money factor is the lease equivalent of an interest rate. Multiply by 2,400 to convert to APR. E.g., 0.00125 × 2400 = 3%.
What is residual value?: Residual value is the estimated worth of the vehicle at lease end. Higher residual = lower monthly payments.