I’ll let one of the more experienced hackers on here comment reference the numbers, but that discount you worked on the selling price is impressive. I’m also in OH, would you be willing to PM me what dealer you are going through?
You’ve got about 10% off MSRP, the EV credit passed onto you and base Chrysler money factor. I think you’re in pretty good shape here as long as there are no dealer adds or finance office tricks going on.
It looks like all the dealer fees are reasonable, so I think this would be a deal to sign. 10% at base money factor and reasonable dealer fees I think is about as good as we are going to get on one of these now✔️
My understanding has always been that RVs do not lock in from order date and are instead set at purchase date.
Let me know if that’s wrong because I would frankly love if they locked at order date - and it would make planning so much easier (I factory order each vehicle I buy and this part always feels like a gamble!).
For CCAP, the RV and the incentives were locked at order date (based on the myriad of signings lately, mine included). The MF can float we are told (but since it didnt change April to May it didnt matter anyway). Going forward, large changes in MF could affect the deal significantly though if the MF does float month to month.
Also, if you can swing a single pay, you can save a bundle on this one. You likely save ~$2500 or more over the lease term bringing your effective payment way way down.
This was a miss on my behalf. I did not know this and thus did not ask for a price lock on order date (4/29) nor did I ask dealer to honor it when signing.
I went though it quite a bit on the last lease in 2018 and was absolutely unable to get an RV lock. Awesome that it is doable now - this makes much more sense in my opinion. Maybe this is because I hadn’t used CCAP previously. Thank you for the info!
I’ll look on the “bright side” of this and consider it better later on at the lease end - a lower buyout amount means slightly more money in my pocket if there is equity rather than a standard turn-in.