Pricing and budget:
This program has a $12,000 maximum loan amount. You can then add on any personal savings and the MFS incentive: $3,000 off a hybrid, $4,000 off a plug-in hybrid, $5,000 off a fully electric vehicle.
You may also access up to an additional $4,000 in a federal tax credit for a used electric vehicle or plug-in hybrid. MFS will work with you to provide budget and financial coaching for the loan.
For a used EV: get up to $9,000 off the cost of purchase + up to $12,000 loan
For a used plug-in hybrid (PHEV): get up to $8,000 off the cost of purchase + up to $12,000 loan
For a hybrid: get $3,000 off the cost of purchase + up to $12,000 loan