Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?
First, ask them what bank they are quoting.
Our numbers come from GM Financial.
Dealer zip is actually 49037. Does that effect MF any when plugging it in? I’m pretty sure it’s GMF.
The Bolt numbers are national.
I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.
Simply insist on the base MF, or shop a different dealer.
I thought dealers could only mark up the money factor by .00050?
It varies by bank. Not sure of GMF's rules on that.
But, GMF uses APRs, then converts them to MFs. (which most banks don't do)
.00008 MF = 0.192 APR
Their quote is exactly 2% higher. So, there is your markup.
Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?
First, ask them what bank they are quoting.
Our numbers come from GM Financial.
Dealer zip is actually 49037. Does that effect MF any when plugging it in? I’m pretty sure it’s GMF.
The Bolt numbers are national.
I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.
Simply insist on the base MF, or shop a different dealer.
I thought dealers could only mark up the money factor by .00050?
It varies by bank. Not sure of GMF's rules on that.
But, GMF uses APRs, then converts them to MFs. (which most banks don't do)
.00008 MF = 0.192 APR
Their quote is exactly 2% higher. So, there is your markup.
Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
Certainly a dealer to shy away from.
But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.
I also believe dealers are not obligated to participate in the family discount program.
Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?
First, ask them what bank they are quoting.
Our numbers come from GM Financial.
Dealer zip is actually 49037. Does that effect MF any when plugging it in? I’m pretty sure it’s GMF.
The Bolt numbers are national.
I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.
Simply insist on the base MF, or shop a different dealer.
I thought dealers could only mark up the money factor by .00050?
It varies by bank. Not sure of GMF's rules on that.
But, GMF uses APRs, then converts them to MFs. (which most banks don't do)
.00008 MF = 0.192 APR
Their quote is exactly 2% higher. So, there is your markup.
Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
Certainly a dealer to shy away from.
But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.
I also believe dealers are not obligated to participate in the family discount program.
Is it legal to mark up the MF by a whooping 2%??
I did find something about if raising the MF by .00075 it waives the acquisition fee. Maybe that's what they are doing? At 1.8% that is almost 2% accounted for.
Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?
First, ask them what bank they are quoting.
Our numbers come from GM Financial.
Dealer zip is actually 49037. Does that effect MF any when plugging it in? I’m pretty sure it’s GMF.
The Bolt numbers are national.
I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.
Simply insist on the base MF, or shop a different dealer.
I thought dealers could only mark up the money factor by .00050?
It varies by bank. Not sure of GMF's rules on that.
But, GMF uses APRs, then converts them to MFs. (which most banks don't do)
.00008 MF = 0.192 APR
Their quote is exactly 2% higher. So, there is your markup.
Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
Certainly a dealer to shy away from.
But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.
I also believe dealers are not obligated to participate in the family discount program.
Is it legal to mark up the MF by a whooping 2%??
I did find something about if raising the MF by .00075 it waives the acquisition fee. Maybe that's what they are doing? At 1.8% that is almost 2% accounted for.
As noted before, we don't know the rules on markups for GMF
Hello, Good evening. Can I please have the incentives, RV and MF for 2021 Bolt LT with DC Fast Charging and Premiere 36/12 and 36/15 in zip code 33411. Thanks!
Hello, Good evening. Can I please have the incentives, RV and MF for 2021 Bolt LT with DC Fast Charging and Premiere 36/12 and 36/15 in zip code 33411. Thanks!
Hi, My wife and I are trying to figure out the deals in our zip code - or anywhere nearby. Omaha, NE - ZIP 68147 Are the lease cash deals and customer incentives etc, stackable? So when I'm figuring the price do I take the total of those different promotions off the MSRP? In any case, could we get the residual and money factor for our area - all trims - for 36/10 as well as 36/12? Thanks!
Hi, My wife and I are trying to figure out the deals in our zip code - or anywhere nearby. Omaha, NE - ZIP 68147 Are the lease cash deals and customer incentives etc, stackable? So when I'm figuring the price do I take the total of those different promotions off the MSRP? In any case, could we get the residual and money factor for our area - all trims - for 36/10 as well as 36/12? Thanks!
There are still some of last years 2020 Premiers out there, and I'm considering leasing one. Could you please tell me the MF, RV%, and incentives on one of these for 36/10 and 39/10? The advertised lease deals on the Chevy websites all have 39 month terms? Nobody seems to ask for 39 month residual values. Am I missing something? Thanks so much for your help!
There are still some of last years 2020 Premiers out there, and I'm considering leasing one. Could you please tell me the MF, RV%, and incentives on one of these for 36/10 and 39/10? The advertised lease deals on the Chevy websites all have 39 month terms? Nobody seems to ask for 39 month residual values. Am I missing something? Thanks so much for your help!
Hi there, could I please get the MF, RV, and incentives for 2021 LT and Premier in zipcodes 94121 as well as 37208 for a 36/10, 39/10 and 48/10? Thank you!
Hi there, could I please get the MF, RV, and incentives for 2021 LT and Premier in zipcodes 94121 as well as 37208 for a 36/10, 39/10 and 48/10? Thank you!
LT .00013 MF and 53% residual .00013 MF and 51% residual .00029 MF and 44% residual $4000 lease cash $1400 customer incentive (CA only)
Premier .00008 MF and 53% residual .00008 MF and 51% residual .00023 MF and 44% residual $5000 lease cash $4400 customer incentive ($3000 in TN)
I always trust your numbers but the dealer today came back with some crazy monthly payments.
By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.
I always trust your numbers but the dealer today came back with some crazy monthly payments.
By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.
Dealer cannot alter the residual value; it's fixed by the bank.
I guess the question is - which bank? Our numbers come from GM Financial.
Comments
But, GMF uses APRs, then converts them to MFs. (which most banks don't do)
.00008 MF = 0.192 APR
Their quote is exactly 2% higher. So, there is your markup.
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But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.
I also believe dealers are not obligated to participate in the family discount program.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I did find something about if raising the MF by .00075 it waives the acquisition fee. Maybe that's what they are doing? At 1.8% that is almost 2% accounted for.
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$4000 lease cash
24 month term not offered
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Prem - .00008 and 53%; $5000 lease cash; $1000 customer incentive
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36 months, 10k mi/yr
in ZIP 30316? Thanks so very much!
$5000 lease cash
$1000 customer incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Good evening. Can I please have the incentives, RV and MF for 2021 Bolt LT with DC Fast Charging and Premiere 36/12 and 36/15 in zip code 33411.
Thanks!
.00013 MF and 50% residual
$4000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello can I get the new RV, MF and incentives for may, Bolt 36/10 both Premier and LT. Zip Code is 91042
LT - .00013 and 53%; $4000 lease cash
Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get the current RV, MF and incentives for 36/10 both premier and LT. Zip Code is 73160.
Thank you.
Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi there, looking at a 2021 Bolt EV. Could I get the MF, RV, and any incentives for a 2021 LT with fast charge? I’m in 94608. Thanks!
.00013 and 53%; $4000 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My wife and I are trying to figure out the deals in our zip code - or anywhere nearby. Omaha, NE - ZIP 68147
Are the lease cash deals and customer incentives etc, stackable? So when I'm figuring the price do I take the total of those different promotions off the MSRP?
In any case, could we get the residual and money factor for our area - all trims - for 36/10 as well as 36/12?
Thanks!
LT - .00013 and 53%; $4000 lease cash
Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive (stackable)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you! My wife said she saw something about a $12,000 rebate but I'm guessing that doesn't apply to leases.
Thank you! My wife said she saw something about a $12,000 rebate but I'm guessing that doesn't apply to leases.
Nope, it doesn't.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00008 MF and 50% residual
$5000 lease cash
$3000 customer incentive
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Prem - .00008 and 53%; $5000 lease cash; $4400 customer incentive
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Sorry, 1st time I forgot the term/miles.
Thanks!
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Thanks so much for your help!
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.00013 MF and 53% residual
.00013 MF and 51% residual
.00029 MF and 44% residual
$4000 lease cash
$1400 customer incentive (CA only)
Premier
.00008 MF and 53% residual
.00008 MF and 51% residual
.00023 MF and 44% residual
$5000 lease cash
$4400 customer incentive ($3000 in TN)
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Howdy friends,
Looking for RV, MF, incentives on a 2021 BoltEV Premier 36/10 in 76180. Thanks!
$5000 lease cash
$3000 customer incentive
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No one tries very hard to sell EVs in this state! Haha
Honestly that’s not bad for TX
I always trust your numbers but the dealer today came back with some crazy monthly payments.
By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.
I always trust your numbers but the dealer today came back with some crazy monthly payments.
By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.
Dealer cannot alter the residual value; it's fixed by the bank.
I guess the question is - which bank? Our numbers come from GM Financial.
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MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello,
Looking for RV, MF, incentives on 2021 BoltEV LT and Premier 36/10 in 15086. Thanks
Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
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Would those numbers be the same for the 2020 model year? I was able to find a few Bolt Premier 2020 at a reasonable driving distance.