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Nobody buys down the interest rate of an auto loan, unless it triggers a lower LTV (loan-to-value), which can qualify a buyer for a lower rate. That doesn't happen often. But a lower loan balance would always be a benefit.
Sometimes you can lower the money factor on a lease with MSDs (multiple security deposits). You can get a substantial rate reduction for posting up a refundable security deposit. On my EQE, I put up a refundable $7,000 for 10 deposits to lower the money factor by 0.0007 (x 2400 = 1.68% APR equivalent = around $93/month). A good return on a $7,000 investment, around 15% tax free.
On leases, it's up to the lender (almost always a captive of the manufacturer) to pass through the credit they get from the Feds. On leases, you get the benefit at the time of purchase. In my case, it was treated as a $7,500 capitalized cost reduction (down payment) on the lease. There are not tax credits on Mercedes' these days because they don't qualify, but to the lender it's a commercial lease, which does qualify.
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