Hmm that still does not convey clearly the drastic difference.
% funded is not the issue.
It's what is that percentage from.
While almost all banks states % financed from Final Sales Price ( including Delivery Fees, Sales Tax, Registration, title, plates).
Allegacy does not they only fund 90% of MSRP. This excludes delivery fee, sales tax, registration, title plates.
In other words, if two credit unions both approve you for the following car config:
AWD $62,000
Delivery Fee $1,000
Subtotal $63,000
Sales Tax $3,780
Final Sales Price $66,780
Allegacy:
- $67,000 Not to exceed 90% MSRP
- Max Amount Lended/Financed $55,800
Everybody else:
- 67,00 90% Final Sales Price
- Max Amount Lended/Financed $60,107
That's an additional $4,307 dollars needed to be paid on downpayment/ at delivery.
IMHO It merits a note on their row over their 90% explaining that is MSRP and not the Final sales price.