D&M Auto Leasing offers convenient car leasing to customers in such Texas communities as Dallas, Houston, Fort Worth, and Grand Prairie. D&M Leasing offers competitive rates as well as high-quality customer service to help borrowers understand the financial aspects of the auto-leasing process.
The money factor, also known as the lease factor or simply the factor, relates to the amount of finance charges that a borrower will pay on an auto lease. A borrower can use this number to find his or her interest rate by multiplying the money factor by 2,400. For example, a money factor of .00250, multiplied by 2,400, becomes 6.0 percent.
Money factors can vary from one financing company to another, as well as from one borrower to another. A borrower with a higher credit score may be able to secure a lower money factor and thus a lower interest rate, while someone with a poor credit score may receive a higher money factor. Financing companies may also need to incorporate dealership factors, including commission or buy/sell rate, though companies do have the leeway to set their own interest rates, based on what they believe is most suitable.
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