Can someone help me understand what goes into the Capitalized Cost Reduction

Ask the Hackrs
1

Will be walking into the dealership soon to discuss and sign after we agreed on MF, MSDs etc.

I’m still trying to understand what the $1502.79 that’s marked as Capitalized Cost Reduction includes. I’m paying doc and registration fees up front ($923) and the security deposit due to the MSDs.

The first month and taxes are also accounted for but I can’t seem to understand where the other $1502.79 comes from. I’ll be asking when I go in but wanted to see if there were any insights before hand.

Just as a note I added $2,094 as additional Cap Items (acquisition fee and service plan)

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2

Nothing goes into it. Cap cost reduction is a down payment going directly to lowering the capitalized cost.

3

Hmm understood but I’m trying to do 0 cash down. When I asked him that he mentioned: The $1502.75 is the working cash after the MSD, payment and fees. Originally, you wanted to cover the upfronts out of pocket, the was the idea of putting extra cash down. The $1000 rebate is covering the majority of the upfronts.

But after that what’s really left…

4

Sounds like the salesman either didn’t get the message or ignored the message.

5

You’re doing $2,4xx DAS in addition to your MSD.

Some of that DAS and the $1,000 rebate is being applied as CCR

6

Of the money due at signing (not including MSD), $1944 is fees - first month, doc fee, registration (welcome to Seattle), taxes on rebates, etc. Then it looks like they’re including another $500 in cash (to get you to $24XX upfront + MSD) and $1000 rebate that is being used as capitalized cost reduction.

The 1502 capitalized cost reduction is the $1000 rebate + $502 in cash.