Got this offer at a dealership in OC. Good deal? Looking for something at around the $220 mark with as little down as possible. 12k/36months. Looking for the best car I can possibly get with these parameters.
Find out what the money factor should be from the forums at edmunds.com and any applicable incentives so you can run the numbers yourself for different scenarios instead of relying on the dealer.
Well, for example, you could run it with 0 down or 0 drive offs to hit your goal of the least money down.
It’s also incredibly helpful for making sure that the dealer isn’t be deceptive and offering a really low price but hiding fees elsewhere or marking up the money factor.
Got it - so I see that the MF for this car at 36months/12k miles is 0.00080. With $0 doc fee and $0 acquisition fee, the calculator yields a sub-$100/month price. Am I inputing something incorrectly? Or does this mean that I was getting a bad deal?
Got it - thanks for helping me out on this. Sounds like it was approx. decent. Should have done my hw before I walked in. He pulled the “deal is off the table if you walk away” bit (of course, they are just doing their job). Maybe I can try getting this offer back.