who decides MF and residual? The dealership or car company?
The banks list RV and MF and the dealer is allowed to ‘add to’ the MF.
To clarify a bit more, the rv is set entirely by the bank. The dealer has absolutely no say.
The bank sets a base mf, referred to as “buy rate”. The dealership can mark up the mf above what the bank sets. Different banks allow for a different maximum amount of mf mark up.