Car Leasing Glossary - Net Interest Rate

Net Interest Rate (car leasing term)

This is the total interest rate for the lease. It represents the true cost of the lease offer. Because it considers all factors that influence the cost of the lease, it is directly comparable to bank and credit union loan rates (define: credit union loan rates). The lower the net interest rate, the lower the cost of the lease.

Car Leasing Non-segregated Disclosures