Quote:
Originally Posted by cmhsam
The .00145 residual is the "buy rate" for the Money Factor (MF). The dealer will usually add .0002 - .0004 to the MF so the finance department can make money on the deal. Unless you have a very long relationship with the dealer, and even then there is no guarantee, be prepared to pay above the buy rate for the MF.
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My dealer sent me an estimate today in which he showed me the mf as 0.00145 exactly. Lucky I guess. The price is actually lower than I counted with 0 down.