mllcb42 I didn’t know Jeep had a hybrid option though the mileage on electric is low relatively and I don’t know where it stands in terms of reliability.
HHH_SHAH That’s a really good point. I think I am looking to go Hybrid for exactly those 2 reasons you mentioned.
My daily commute is about 10 miles (round trip) and I get free charging at work (also residential electricity is relatively cheaper in this area compared to the other providers). Gas is expensive in NorCal but I can usually get around with Costco gas which makes things a tiny bit easier.
The shorter commute and being able to recharge at work every week or so is another incentive and besides we don’t have frequent long distance travels either.
Yeah, a certain senator from WV already caused me $$$ on a separate non-car related bill.
I ordered the X5e on January 2022 in NorCal at MSRP and took delivery in May, They gave me the Jan 2022 program which was finance at 1.9%. If the LCI was for 2023 model I probably would’ve canceled since I was financing and not leasing. Agreed with everyone here that if you cannot take advantage of the $7500 then all the more reason to wait, if tax credit gets reduced in March then dealer probably will discount and deals will be better for a 2023 lease. It’s my wife’s car really and we get gas every couple months (also at Costco) with our driving pattern.
I just asked my HVAC guy to give me an updated quote for new AC install and it’s about 1K higher.
Are they going to discontinue the 45e after March when they start taking orders for the LCI? If that’s the case you may not have a chance to get one at a discount since there are not too many in inventory.
Is this just to compare more easily, or is a cash incentive better/worse than a price reduction? I think of them as equal since they both impact the cap cost the same right?
Most states tax incentives. Some states will not tax incentives direct to the dealership, but most incentives are paid to the consumer, so they end up being taxed.
Assuming incentives are not taxed, it doesn’t seem to impact the total cost from what I can tell, so I am just confirming that thought process. As in, a $1,000 off MSRP is just as impactful as a $1,000 cash rebate. Both reduce cap cost by $1,000 and residual is unchanged.
Really I was just recalculating some offers I had in excel to recreate the LH calc simply to ensure I understood the math. Once complete, I was trying to figure out how to compare deals if one had a better discount and the other had a better incentive (or lower fees), and it didn’t seem to matter as long as cap cost was the same. So long story short, I just am curious when comparing how good a deal is… not too concerned with monthly payments assuming the math checks out.
Then you definitely want to separate out the discount and the incentives so you can actually normalize the deals.
Incentives come from the manufacturer, not the dealer. If one dealer is giving you less, theyre likely hiding it in the discount and actually giving you less discount. Separating them lets you properly compare.