25% discount brings it to $663… so it seems like it would need to be much more than that… I was curious for others hacking leftover 2018s what was the going discount they were able to achieve.
However, there’s debate as to how much drive offs can be paid and the monthly still be considered 1%. Ie. a $5k drive off and a monthly payment exactly at 1% really isn’t a 1% deal.
Some people argue it’s only a true 1% deal with zero due at signing, whereas others feel that necessary fees such as tax, title, 1st payment can be paid and the deal still be considered 1%.
Don’t sweat the “1%” thing. It can be calculated however you like as long as you are happy with the deal. Call it whatever you want and figure it out how you want, it is merely a way of comparing your own deals to each other.