Hello
Rate Findr not showing Subvented options for Genesis GV 60 Performance trim in 11213. They were there before but now they aren’t. Just confirmed through Edmunds forum Subvented remains an option for 11213.
Again, what’s your payment & DAS using these inputs?
Enter them manually into the LH calc and post a link to the results
Not true, if i put in my zip it does, when i put in OPs it doesn’t even get the same incentives. Odd
Hmm, thanks for sharing. I think that is the first that I’ve heard of that.
Ratefindr shows subvented lease programs all the time
Yeah, I believe I am thinking of a different calculator
Unfortinetly I can’t becasue, see later in the thread, Rate Findr not working… or the Subvented Lease is no longer available. Dealer telling me it isn’t (which probably means it isn’t) but Edmunds forum saying that it is… strange that they would pull a lease incentive from one day to the next, no? Unless they are going through inventory quickly and no long need the incentive?
At any rate, I was using $0 DAS, Zero drive off, and my payment was coming out to $680.
Well if you do get it., mash the heck out of the boost button! Lol
Again, RateFindr missing an input doesn’t stop you from using the calculator
Yeah, when I test drove it the salesperson felt the need to prepare me for the kick. It was sick!
You really should take another look at the point @mllcb42 was making above. Your takeaway that the deal with a lower MF was better was incorrect.
RateFindr working again. Hope this link works. Thanks in advance for any thoughts/feedback.
I’m very interested in knowing how OP arrives at the conclusion that 550 a month with base MF is cheaper than 500 a month with marked up MF?
We have been working with our data provider to fix the gap in information. Subvented program now shows up for OP’s 11213 zip code.
Clearly I don’t understand the relationship between monthly amount and money factor mark-up. So can someone explain? Just continuing to ask to hear my faulty reasoning is not helpful. Why is $500 with a marked up MF cheaper than $550 at base MF?
Lease payments include both depreciation and rent charges (finance charges), so with the DAS being equal, simply multiply the lease payment by the term and compare the results.
On a 36-month lease, using your reference payments,
36 * 500 = 18,000 (marked up MF)
36 * 550 = 19,800 (base MF)
18,000 < 19,800
Thanks for this.
Based on what I’m targeting through the Calculator, I was intending to be transparent with the dealer about tell them what I’m looking for. That includes the base MF. Is the lesson here not to share that because I may be leaving some money on the table?
People are telling you it doesn’t matter. The payment you want is what it is and the dealer can either say yes or come at you with a different payment. How the dealer gets to that payment is irrelevant to you the buyer.
I think it’s a good approach with the caveat that the person at the dealership you are talking to doesn’t necessarily know every incentive or program for every vehicle every month perfectly, it’s possible that you might know it better than them and giving them a hint might help close a deal. I think that’s pretty rare though.
Let’s go back to the start of the marked up mf conversation. It was suggested that you needed to ask the dealer what mf they were using as if they were marking it up, you would be being taken advantage of.
The point that I’ve been trying to make is it doesn’t matter. If you establish your target deal based on buy rate, then if they get to your target deal, it doesn’t matter what money factor is being used.
Worrying about if they’re marking up the money factor requires you to have asked them for a quote in the first place and be trying to decipher their quote. By doing that, you’ve set yourself up for failure because you A) are letting them drive the negotiations and B) would only have to be trying to decipher their quote because you failed to establish what a good deal was to start with.
Failing to know where you’re trying to get to AND letting them drive the negotiations is the quickest way to overpay.