I plan on purchasing a PHEV via leasing the vehicle to fully realize the $7,500 credit through a lease rebate because I cannot claim another $7,500 credit this year due to insufficient tax liability, thus an outright purchase is off the table. I have a great relationship with my dealer sales manager…

[image] sarugby4life: if it does not matter Depends on your state tax rules and if theyre offering an acq fee waiver for any periods

[image] Ampersand: What’s more, thanks to a heads up from another LH member, I took advantage of the CCAP sign and drive lease deal This is definitely the way to go. Probably could optimize it by doing a 24 month lease too to maximize how much depreciation gets covered by that first payment

I thought acquisition fee is already baked in?

So is the lease payoff then just the RV value plus applicable sales tax?

Payoff is the adjusted lease balance plus buyout fee plus applicable taxes and fees. The adjusted lease balance is basically the adjusted cap cost less any applied base payments (payments less rent charge and monthly tax)

OK, but for CCAP is it not the RV (say 36/10) plus any remaining rent payments right? I know I’ve asked the same question 100 times, but just want to make sure the payoff will not be subject to all remaining lease payments (plus interest). As then this makes no sense. If interest is removed from rem…

[image] sarugby4life: OK, but for CCAP is it not the RV (say 36/10) plus any remaining rent payments right? Rent is the interest portion. You will be responsible for the depreciation portion, not rent. [image] sarugby4life: all remaining lease payments (plus interest) Entire lease pay…

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Chrysler Capital - lease & immediate buyout?

Ask the Hackrs Buy/Finance

mllcb42 February 21, 2023, 6:52pm 27

Ccap occasionally offers acq fee waivers on some vehicles/some lease terms

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