The term, rent charge, in a car lease contract is used to show the total of all finance charges for the life of the lease. It’s sometimes called “Lease Charge” or “Lease/Rent Charge.” The term is deceptive because it has nothing to do with renting. It’s simply a term that has been held over from the commercial equipment leasing industry. Some lease companies are doing away with the term and simply calling it what it is, Total of All Finance Charges.

See our article, Car Lease Interest Rate, for details on how to calculate lease money factor and interest rate from Rent Charge in a lease contract.