Since the interest rates have gone up (and I don’t think they will go down soon), it might be beneficial to create a wiki for all lenders who allow applying MSD to reduce the money factor. I am also adding a ‘One Pay Reduction’ (which is different from the ‘One Pay Money Factor’) to this list. I’ll keep updating this list and appreciate everyone’s help. Lenders that Allow MSD
Yes - but - Mazda won’t let certain states do MSDs (regardless of where you buy the car from) - and often times Mazda dealers hate doing deals that involve MSDs because there’s often funding issues. YMMV
@AutoNinjas Thanks for respond , I know certain state like NY never allow MSD and I have never seen one pay reduction, but for Audi do you have reduction per MSD?
No need to apologize , I also realize many people who visited that page probably didn’t read the footnotes. But I tried my best to link to threads where many of the background questions were answered - in that case, I linked to the relevant laws in NY because someone asked for the reference, so nobody ever need look that up again.
No on ally and usbank. Tfs prob has the best msd rate reductions of anyone I’ve seen. Many cars get around a 50% return over 3 years maxing out at 9 msds.
No msds for nyers def hurts though. I think I would sell 10-15% more Toyotas if they did. Dumb law not in the best interest of their constituents
I wonder what the spirit of the law was, MSDs, aren’t they intended for buyers with lower credit ratings to help them buy down the rate closer to prime?
Possible protect vulnerable lendees sort of thing?
I tried to look up why that law exists in NY and couldn’t find much. I would speculate it was meant as a consumer protection but like most laws, just hurt more than it helped. I’d imagine a decent amount of money leaves the state to NJ each year from the small minority of people that use and understand msds.
, I also realize many people who visited that page probably didn’t read the footnotes. But I tried my best to link to threads where many of the background questions were answered - in that case, I linked to the relevant laws in NY because someone asked for the reference, so nobody ever need look that up again.