What is the 1% value based off of

[Jesuscookies]

Is the 1% rule based on MSRP, Selling price, or final after all available incentives?

So if I have a 40K car, with 5K in incentives, and a final selling price of 30K, should I pay 300 or 400 for monthly payments to hit the 1% mark.

Additionally, should the 1% account for everything. I.E. total expense paid / 36 months, should be 1% of what(MSRP / Selling price/ all in with taxes price)?

I have searched, but didn’t find anything that answered this exact question. If it is answered just point me to a link. Thanks.

[Jon]

Truth about infamous "1% rule"

There is no consensus on what it should be, so let’s see what majority of experts think about it. Besides, we never had any polls before Some notes: everyone knows that tax is calculated differently, as well as taxation of incentives, etc. So it will never be Granny Smith apples vs. Granny Smith apples, but will still be apples vs. apples, IMO Also - we agree on $0 down (CCR) 1% should be… poll

[Jesuscookies]

It is a quick an easy figure to use, but worthless without a way to quantitate.