Anyone know? I asked Edmunds and they weren’t sure.
I think you misunderstood their response.
They’re saying the mf post-single pay would be either .00005 or .00001, because that’s the lowest that it’ll go, not that the reduction is either .00005 or .00001.
The difference between .00001 and .00005 on a 27 month lease is like $50.
Right, sorry, I understand the cost difference between the .00001 and .00005 MF, I guess I should have explained better what I am asking:
What will the new MF be for a single-pay if the current 27 month MF is .00031?
I’ve done single-pay before, but it’s always been so many pts of a reduction from the current MF. I’m confused (clearly), since I guess the current .00031 MF is already so low. TIA
On a 27 month SFS lease, there is a .00036 mf reduction. There is a minimum mf, however, than a one pay can’t reduce the mf below. For sfs, that is .00001. You only get a partial reduction.
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So the effective reduction is .00030 (from .00031 to .00001) which doesn’t seem very enticing
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