Can’t figure out how capitalizes cost reduction is calculated on a loaner/demo car.
CCR is whatever money you pay up front that is not already going toward fees and taxes.
It says on the pic you posted, trade in allowance, rebates, noncash credit, any money down.
Not exactly, that’s only a part of CCR, rebates are technically CCR, it’s just not coming from the buyer.
CCR works the same on new or loaner cars. In this case there’s $10K (!) in CCR of which $6,500 comes from rebates and the rest from out of your pocket. You’re paying $8K up front, of which only $3,850 was for MSDs and $4k to CCR.
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And who do you think the rebate goes to? If you didn’t use it as CCR, you’d walk away with it in your pocket. It is your money, one way or the other.
So I only paid MSDs $3850 plus the first payment $521 upfront. MSRP was $66295 and they discounted the car $14721 including the rebates. Still can’t figure out how they got to $10305 in CCR ?
They may have mistakenly applied $3,850 as both CCR and MSD and somehow credited you the CCR? Was the payment what you had negotiated? Really strange…
Yeah payment is fine
The question was what CCR consists of. Your answer “whatever money you pay up front” is plain wrong. Spin it how you want.
Nope. Not wrong. We both gave the same answer, while yours was slightly more detail. You just fail to understand rebates. They are actually given to you and you, in turn, are giving them to the dealer. But, honestly, do the semantics matter? Are you so desperate to feel you won something? Ok, congrats! You win!
Nope, keep spreading misinformation and calling it semantics. I’ve seen you do this before and get owned by other hackrs. Contrary to what you say, rebates are NOT the same as cash that you put up front. It’s a manufacturer incentive/discount and it’s not the same as money in your pocket.
Dealers pocket rebates all the time because buyers don’t do enough research - but by all means, tell those buyers it’s “money in your pocket.”
The OP asked for a breakdown of CCR, not what you think it is.
CCR is money other than inception fees, MSD, or maintenance products that you pay up front.
Hot tip: Just don’t do it, it won’t come back to you in the unlikely event of total/theft