**Important:**
When a car dealer quotes you a *Money Factor*, you can always multiply that by 2400 to get a very good feeling about the actual interest rate %. Also, the monthly payment calculated by the *Money Factor* is always slightly **lower** than that calculated by the 'real' formula.

For example, if a dealer tells you his lease *Money Factor* is .0025, then you simply multiply that by 2400 to get 6. Now you know that the actual interest rate behind this *Money Factor* is slightly **below** 6%.

Sometimes a dealer will give you a *Money Factor* like 3.1 so it sounds like a low interest rate. In this case you just multiply that number by 2.4 and immediately know that the interest rate is about 7.44%.