What are some average interest rates on car leases?


Quick Answer

Car lease interest rates typically amount to about 9 percent annually, as of June 2015, according to eHow. The rate amount is heavily dependent on three factors, including the dealer, the leasing company and the lessee's own credit score. A low credit score could mean paying a 15-percent interest rate.

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Full Answer

To compute the annual percentage rate of charge, obtain the "money factor" from the dealership and multiply it by 2400, explains Money-Zine. A typical money factor is preceded by three zeros. If the dealership gives you a value of 2.92 and not 0.0092, multiply the value by 2.4 instead. To get the best rates, make sure you have a credit score higher than 680.

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