Incentives & MF

m_tmarina20

Hi! I inquired about the MF, Res, & incentives on a car here, and a $250 Dealer Cash incentive was listed. When talking to 2 different dealers, they both said they didn't know anything about it. Do these incentives depend on my circumstances? Is it regional/optional for dealers in different areas? I'm having trouble finding info on this.

Also, I've heard financing depends on your credit score, but since the MF is how it's determined, it seems that it's solely based on the MF itself. (I had one dealer quote double the interest, then I after I pointed out what it should have been, he said he had used the incorrect credit score for the MF.)

Can anyone clarify these 2 questions for me please? Thanks so much in advance!!

kyfdx

m_tmarina20 said:

Hi! I inquired about the MF, Res, & incentives on a car here, and a $250 Dealer Cash incentive was listed. When talking to 2 different dealers, they both said they didn't know anything about it. Do these incentives depend on my circumstances? Is it regional/optional for dealers in different areas? I'm having trouble finding info on this.

Also, I've heard financing depends on your credit score, but since the MF is how it's determined, it seems that it's solely based on the MF itself. (I had one dealer quote double the interest, then I after I pointed out what it should have been, he said he had used the incorrect credit score for the MF.)

Can anyone clarify these 2 questions for me please? Thanks so much in advance!!

It would help if you told us which vehicle, and your location.

Money factors will go up with lower tier credit, just like any financing. But, depending on the make, dealers may also be able to inflate the money factor for extra profit.

m_tmarina20

This was for a Subaru Legacy Premium for zip 93933. Both dealers said they hadn't heard of the $250 incentive. And even after I told them our credit score was 815, they both gave the initial financing w/ a MF of .0010 (it was .00050).

Is the MF listed here taking into account a high credit score (so it could go up if someone had a lower credit score (I have a friend about to lease as well, so trying to help guide him as well)?

thanks!

Michaell

m_tmarina20 said:

This was for a Subaru Legacy Premium for zip 93933. Both dealers said they hadn't heard of the $250 incentive. And even after I told them our credit score was 815, they both gave the initial financing w/ a MF of .0010 (it was .00050).

Is the MF listed here taking into account a high credit score (so it could go up if someone had a lower credit score (I have a friend about to lease as well, so trying to help guide him as well)?

thanks!

The incentive is to the dealer; they don't have to disclose it to you.

Subaru allows dealers to mark up the MF by .00050 - both of them have done so.

Keep shopping.

Have your friend register onto these boards and post their own questions.

m_tmarina20

thank you so much for all of your info!!