The term, Money Factor calculator or Money Factor to Interest Rate converter, as it relates to car leasing, refers to either 1) converting APR interest rate percent to money factor, or 2) converting money factor to APR interest rate percent.

It’s easy enough to do the conversion in either direction.

If you already have APR interest rate, simply divide by 2400 to get money factor. Or if you have money factory and want APR interest rate, multiply by 2400. (Yes, it’s always 2400).

Example 1 – If you have APR interest rate: 4.5%. Divide by 2400. Money Factor = .001875

Example 2 – If you have Money Factor: .001875. Multiply by 2400. APR Interest Rate = 4.5%

That’s the manual way. See below for a simple calculator that does the conversion math for you.

Here’s a convenient interest rate to money factor converter calculator that lets you easily convert back and forth, either way. Simply enter one of the numbers and the other instantly appears.

The Money Factor you receive from a dealer for an actual lease may vary, depending on the lease finance company, and depends on your current credit score.
The higher your credit score, the lower the Money Factor.