For the folks that have gone through 4xe’s like they change their socks, is there a Chrysler loyalty rebate after you leased the first one?
There is not. Good question though.
Oh well, that’s a shame.
$720 seems fair😎
Pretty sure the temp Reggie doesn’t entitle you to keep the car and drive 10k miles. I am also pretty sure the minute you refuse to return the car to the dealer after they tell you the deal is unfunded they can report the car stolen and have it repo’ed.
They can’t report it stolen because it’s not stolen, the dealer, for whatever reason was unable to complete their portion of the purchase/lease contract (ie funding deal, etc), and decided to unwind the deal aka breaching their contract agreement.
If the buyer is in possession, he can drive all he wants. The Dealer is the one breaching contract by unwinding the deal, or being unable to fund the original contract.
This happened to me in 2018, a credit union took 3 months to fund the deal because they were running out of cash (they actually stopped their leasing program) so dealer tried to offer me different terms (1.5 months after signing) or unwind the deal. They got the car back 3 months later with 3500 miles… it was the lenders fault that the lease didn’t get funded, but the dealer takes the loss because they chose the lender and offered their lease terms but we’re unable to Close the deal with no fault of mine.
I made the dealer sign a release of liability before returning the vehicle (which they came and got from my house).
@Bostoncarconcierge @TheBigTuna I get what you guys are saying, but it is frustrating…especially since this was (in a way) caused by the dealer’s greed. I understand we can only hope that things are played in our favor, when the tables are reversed (part of the dynamic of the deals). I don’t know what the new rate will be yet, but is the lease unable to be funded because of the level of mark up on the original contract? That is where my issue lies.
I will play fair with the dealer, but I’m hoping they make it right somehow as well.
This thread has had enough negativity for one evening lol. I was able to take delivery Thursday evening. My wife drove it home, where it was parked all weekend while we were out of town. I drove it for the first time today and snapped a couple of photos. It is fun so far. I think the sound strange and exterior lighting are my favorite parts. The taillights look awesome and the headlights were bright following behind me. I was a little shocked.
How do you figure? Ccap changing the program and them calling you to resign because the program has changed isn’t due to them being greedy.
I was looking as the possibility of the deal not being funded because the markup had pushed us over where it is allowed to be (once the buy rate had dropped). I don’t even know for certain whether that is the case or not. I was inquiring on here and it started a small wildfire.
I just don’t see what the actual issue is. You agreed to a deal with a mark up, ccap changed the programs resulting in saving you money and the dealer asked you to resign at the same terms you agreed to, just reflecting the now lower mf.
Being greedy would have been if ccap lowered the mf and they just kept things the same, increasing their profit.
Are they not capped on the amount they’re able to mark up the MF?
I believe the caps were posted above, so they may not have had any option here but to have you resign, but I still don’t see how they were being greedy. Not doing you any favors, perhaps, but I don’t see any malice beyond that.
Personally, I’d resign it and move on without giving it a second thought.
Just be glad that they didn’t sell it to you for the equivalent mark up at buy rate instead and then just pocketed the mf reduction.
If they have no option other than to have me resign, they wouldn’t have the choice of pocketing the MF reduction…correct?
I also don’t even know what the new numbers on the contract are, so there are many assumptions being made here…
That’s how my dealer stole from me on my first lease Pacifica hybrid. Dealer told me I’m Tier 1 and I asked why isn’t my MF 0.0015 instead of 0.00223, and dealer lied to me saying that’s what the CCAP approval came back as. Dealer had the chance to be honest and say they marked up the MF the maximum allowed 0.00073, but dealer chose to lie to me.
Yes, I have suspicion that the dealer capped out of the MF markup, so now the deal can’t be funded; theirs savings that they’re offering me now may not be a “savings” at all.
Structure of the deal may be the same, I may be paying less rent money per month, but the inconvenience would be caused by the choice they had made.
…Capped from the previous MF. Now there’s a new MF and a new cap.
If you knew about the bumped MF why does it matter now if you were okay with it. Won’t the lower payment increase your profit with the flip?
Guys, I don’t mean to get sappy, but I’m in love with my Jeep.
Everywhere I drive it, everyone gets the biggest ear to ear grin. Especially when they see ME behind the wheel.
Everyone wants to talk to me about it. Girls are obsessed, guys want to bust my balls. Everyone gets a laugh, everyone gets a smile.
Two bikers pulled up next to me at a light, and exclaimed “it’s a rental!”.
I said “No he’s mine ”
All three of us busted our asses laughing.
Sometimes the world gets so heavy, it’s nice to goof around.
Thank you, @Clutch.
I don’t think anybody mentioned this:
When you get the new contract, just be sure it is still with CCAP and all of this isn’t for them to get some benefit with a different bank.
A friend of mine who went through Chapman just told me “oh, and I got it for a little less because they used US bank.”
Uggghhhh… that great sense of disappointment when you help someone get a deal and they screw it up last minute because they didn’t call you before signing.
He’s a beauty! Congrats and enjoy in good health. Looks incredible. Love Tuscadero!