For Lease Rate we have terms and definitions in 5 topics. The topics are Auto Lease, Auto Loan, Automotive, Finance and International Business.

Lease Rate (Auto Lease)

A percentage used by some lessors or assignees to describe the rent charge portion of your monthly payment. However, no federal standard exists for calculating the lease rate. Any rates or factors used in lease calculations do not have to be disclosed under federal law. If a lease rate is given as a percentage in an advertisement or on any lease form, the ad or form must also state, "This percentage may not measure the overall cost of financing this lease." Some states may require disclosure of the lease rate calculated according to the state's definition of the lease rate.

Lease Rate (Auto Loan)

The equivalent simple annual interest rates implicit in the minimum lease rentals. This is not the same as the interest rate implicit in a lease, which reflects the compounding effect. These are generally defined as Rs. per 1000.

Lease Rate (Automotive)

The monthly finance cost of a lease, similar to the interest rate on a conventional loan. Determined by the money factor.

Lease Rate (Finance)

The payment per period stated in a lease contract.

Lease Rate (International Business)

The periodic rental payment to a lessor for the use of assets. Others may define lease rate as the implicit interest rate in minimum lease payments.

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