SIGNED: 2024 Volvo XC60 $940/month, $0 down, 36/7.5k

[mllcb42]

@LBoston

Leasing doesn’t amortize like a finance loan or mortgage. Interest (“rent charge”) and payment are constant

Proving Money Factor x 2400 = Interest Rate

Apologies is this is explained elsewhere. I searched and could not find anything to answer this specific question: So I’m already well aware of the rule of thumb to convert MF to APR you multiply MF by 2400. However: I’m trying to “prove” this and the math isn’t working out for me and I’m not sure what I’m missing. So I figured I would pop in here and see if someone can point out where I’m going wrong. I’m exploring the idea of leasing a Kia EV9 because the only way to access the EV tax credit…