Lease rate

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Lease rate

The payment per period stated in a lease contract.

Lease Rate

In a leasing agreement, the interest rate. For example, when one leases a car, the bank or leasing company buys the car from the dealer, and lends its use to the driver until he/she pays back the purchase price plus some extra money. The extra money is the interest or lease rate. It is presented as a very small number, say .00220. One arrives at this number by dividing the APR by 2400. In this case, .00220 is the equivalent of a 5.28% interest rate. It is also called the money factor or simply the factor.
References in periodicals archive ?
The report said "subdued demand along with increased supply from within newer development areas in Dubai is expected to see a marginal decline in warehouse lease rates during 2011".
So although rents are down from the market peak, lease rates have preserved substantial increases from the previous market cycle.
The most expensive property during the third quarter was on Los Angeles' Westside, where lease rates averaged $1.
Although lease rates may vary depending on dealer participation, the monthly lease rates are significantly improved and provide exceptional value.
By 2004, lease rates will be higher as the market nears equilibrium.
Lease rates in the Valley were 69 cents and sales rates $81.
In Class-A buildings, lease rates are up at least a nickel from a year ago and now in the $1.
9 percent on a wide variety of HP business PCs, workstations, servers and printers; or special lease rates as low as 0 percent for up to 60 months on nearly every HP printer.
He also noted that during the past two years the lack of supply and demand for space has driven lease rates up about 30 percent.
However, we expect lease rates to remain soft for a while," Reitz continued.
Most of the stores occupy space in high-traffic malls with above-average lease rates.
31, Saab is also offering attractive lease rates for all 1993 9000 and 900 models, with no money down.