Money factor in negotiation

Carlover1989Carlover1989 Member Posts: 5
edited February 20 in Genesis
Hi there,

Looking at a 2022 GV70 2.5T sport prestige and 3.5T sport prestige in 08648. 36/12k

Also, how can the money factor you use be provided in the negotiation process? Do dealers have to go by this money factor and who calculates it? Thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 207,892

    Hi there,

    Looking at a 2022 GV70 2.5T sport prestige and 3.5T sport prestige in 08648. 36/12k

    Also, how can the money factor you use be provided in the negotiation process? Do dealers have to go by this money factor and who calculates it? Thanks!

    The money factor is provided by Genesis Finance. The dealer can mark it up for extra profit. By knowing the base value, you can decide if the price of the vehicle is reasonable, knowing all factors involved.

    2.5: .00153 MF and 54% residual
    3.5: .00082 MF and 55% residual

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  • Carlover1989Carlover1989 Member Posts: 5
    Thank you! And in a lease that money factor is applied to the entire value of the car before tax or on the monthly payments before/after tax?
  • MichaellMichaell ColoradoModerator Posts: 206,317

    Thank you! And in a lease that money factor is applied to the entire value of the car before tax or on the monthly payments before/after tax?

    Here is how the money factor is used to calculate the lease payment

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