I think the Rate Findr calculator is giving the wrong MF on the LT trim for a 2026 Chevrolet Colorado 4WD. It shows almost 12% APR: MF 0.00487917 with 24mo/10k. This is for any zip I checked in GA/FL, 31313 and 34711 as examples. What’s going on? Example vin: 1GCPTCEK0T1111390**.**
Saw this as well. Checking in edmunds forums to see what they say.
What do you think it should be?
It looks like they’re doing a rate with an inflated rv and a higher mf
Considering every other MF is below 9% (APR), 11.7% doesn’t seem to fit for just the 24mo. I could be wrong, but there are more LT’s out there than any other trim. Still a ton of 2025’s available too. Seems weird that they’d jack up the MF so much from last month, which was 0.00281, or 6.74%.
What did you find out here?
That’s not a good basis for what a mf should or shouldn’t be
I appreciate the criticism. Do you have some examples of what would be a good basis for explaining what the MF should/shouldn’t be?
There is only one way of explaining if the mf is wrong and that is listing what the actual correct mf is.
They appear to be incentivizing the residual value which really throws any comparisons out the window.
And… just confirmed it is correct via Edmund’s forum. .00488 MF and 83% residual
Still seems weird to increase it so much from the previous month while they had the same RV of 83%, but I’ve only been exploring/researching all this stuff for a few months, and maybe that’s a common practice. Sorry for the false alarm everyone!
I think the manufacturer/captive bank choose whatever they want to incentive financing or leasing or certain models over others. While there is often consistency from month to month, I don’t think there’s necessarily a reason to expect consistency.
2 Likes