Hello,
I have some queries which I wanted to clear regarding MF. I am a first time buyer with no Auto Loan History and also brand new to the Leasing aspect.
- I have tried a lot to get a quote from many dealers which includes the MF they are charging/offering but no-one seems to give a value to me for MF without having to go through a Credit Application. I am surprised how people negotiate to get the MF value which is being offered to them by the dealer and post their deals which they are being offered here on LH Forum. Do they also get it after doing a Credit application or is it something which we can come to know without doing a application?
- I understand that the dealers would be marking up the MF(When comparing it to the Base MF from Edmunds) but I know we can negotiate with them to lower the MF. Does the MF depend upon the Credit score and would it change for me after a credit application. If that’s the case then no-matter how much I try to negotiate with the dealer to lower the MF, would it not get changed/affected post my credit application?
- I believe the Bank/Financial Service basically offers the MF and then the dealer basically marks it up for their own profits. Is my assumption wrong?
I know these are probably very basic and silly questions to ask, but I would really appreciate if these are answered as it will help me to better understand the whole leasing aspect.