Money factor
Money factor
A money factor is used to determine the lease rate for an automobile. It is the lease equivalent of the interest rate on a conventional loan. The money factor is the current annual percentage rate divided by 24.
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National Rates
| Loan Type | Today |
|---|---|
| 30 Year Fixed |
6.05
|
| 15 Year Fixed |
5.73
|
| 5/1 Adjustable |
5.78
|
Rates may contain points
