Peak will be over when cars are on lots in excess, which is not happening for a long time, if ever again. These will be flippable as long as the tax credit is around.
Or…they are being nice.
Who is going to tell him that we out here optioning jeep well over 70k
Hell, it’s quick and easy to get a 392 up over 85.
And writer out here basing 50k jeeps
Go back and sign it’s not unusual they are helping you out. It happens when Manufacturer changes their finance rates as well.
I was asking what is the maximum that they are allowed to mark the rate up. Im wondering if my rate was technically marked up (and was higher) than allowed because Chrysler had lowered the MF rate.
So they’re offered to bring it down because the dealership has to, but it will still be marked up the same percentage. If that is the case, they’re doing nothing “good” for me at their expense.
Incentivized Participation Maximum incentivized markup is 0.00042 on tiers 1 through 5
Standard Participation Maximum standard markup is 0.00073 on tiers 1 through 4
Well, they’re saving you $20/month from what you signed no matter which way you look at it.
And, it sounds like you haven’t even run your own numbers and are speculating/assuming the dealer juiced the rate.
Why not run the numbers you signed through the calculator and get an answer?
Just calculate out your deal and youll know what MF is used.
Jinx!!!
Enter @mllcb42 and leasing 101 link🤪
I know they marked the rate up. I ran the numbers several times before taking delivery.
Whats the deal?
What was the mf they charged on your contract?
Dude, wasn’t this the car you took off the lot? Didn’t you get a “decent” discount for an on the lot truck?
How else did you think they were going to make money on you?
1st, you made a rookie mistake. This is where you calculate everything before you go in and sign and know you numbers so they match spot on. Any discrepancies could’ve been sorted out before.
Did you account for the recent MF drop?
You’ve been very active on this thread, so I’m not giving you a pass on this. This is where rookies/beginners and experienced (knowledgeable) leasers differentiate themselves.
You left a door open behind you thru your negotiations and they (the dealer) got in.
Where did I say any of this? I knew exactly what my deal was going in. I don’t give a damn if the money factor is marked up or not (which it is) as I’m not keeping the Jeep long anyway. Everything was calculated before I had signed. The dealer didn’t have its sh*t together one way or another and is now backtracking. It’s also hardly worth my time and fuel money/mileage to make a return trip to save $20/month, when it MAY save me $20-$40 after I dump the Jeep in a few months.
Without the correct paperwork, the deal isn’t going to get funded, which means it won’t be your lease to flip. Maybe they will mail / FedEx the docs to you?
Ccap changed the mf mid month a few days back. My guess is the dealer had you sign before the mf change but didn’t submit it quick enough and now the mf is lower, so they have to have you resign.