Pricing and budget:
This program has a $12,000 maximum loan amount available to eligible applicants with FICO scores lower than 635 who do not have unpaid repossessions or collections, or other bad debt. You can then add on any personal savings and the MFS incentive: $3,000 off a new hybrid, $4,000 off a used hybrid, $5,000 off a plug-in hybrid, or $7,000 off a fully electric vehicle.
Therefore, for a used EV: get up to $7000 off the cost of purchase + up to $12,000 loan
For a used plug-in hybrid (PHEV): get up to $5,000 off the cost of purchase + up to $12,000 loan
For a new hybrid: get $3,000 off the cost of purchase + up to $12,000 loan