I have good to excellent credit, and dealers are quoting me based on my admission of that - they have yet to run my credit. I’ve been told the MF for a vehicle I’m looking to lease (2017 VW Passat R-line) is .0001 for ZIP 75038 via this forum, but a dealer quoted me 0.0126. I’m waiting on another dealer to give me pricing on this car today.
I looked at another vehicle, the 2017 Ford F-150 XLT SuperCrew 4X2 - 2.7L V6 Ecoboost, and was told that the MF was 2%, but the dealer gave me a price with a MF of 0.00125 (3%).
So is the MF pretty much a number that is negotiable like the price? Just wondering why I’m getting different numbers from the dealer vs the numbers being reported here.
There is a minimum BASE MF that the bank sets as their cut of the profit. The dealer can raise up the MF and pocket the difference.
I would go to edmunds to get the actual numbers. Don’t ever convert into APR btw this is a clear sign to the dealers you’re not familiar with leases. Just remember MF is always a decimal that you have to multiply by 2400 to get APR.
Post the model and trim, your state, and how many miles/term