Do dealers markup money factor for leases direct from manufacturers leasing arm?

I’m about to visit a Hyundai dealer to lease a Kona electric due to the $7500 lease cash. Wondering if a dealer can still mark up the money factor if it’s directly through Hyundai Financial or does marking up only occur with banks? I’m in upstate NY.

They can absolutely mark it up but some of the lenders set limits and/or other rules on how the dealer can change it.

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