Ourisman69
On my 392, it made sense to do as long as I held it for no more than 10 months. Thatâs about how long the increase in rent charge took to offset the upfront incentive.
When was the CCAP first payment incentive in effect?
Is there an end-date?
Itâs not actually an incentive, as much as itâs a lease structuring option that gets captured in the lease paperwork as a non-cash credit/incentive.
Itâs a hard sell on a 4xe (or anything else with upfront incentives), as you would need to convince the dealer to structure the deal in a way that they usually donât in order to not have an upfront payment⌠which you already donât have to have because of the incentive.
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Fellas. just got an email from clutchâs LA dealer that my jeep is in and itâs time to do the credit app.
Iâm on vacation in Mexico, so I havenât had a chance to keep up with this thread daily like I do when at home. Has there been any incentives or mid month corrections on lease numbers? E.g. acquisition fee waive and such?
How are we feeling about august numbers? Is it feeling like they might tread up or down?
There were a couple acq fee waivers that went away. Havenât seen any appear.
I wouldnât expect August to trend up.
Is the acq fee $595 or $895 (after mark up)?
This is a hard question to definitively answer as CCAP does not publish a fixed acq fee rate. What they do publish is that the dealer may mark up the acq fee by no more than $300 when the acq fee is â$595 or moreâ. That means that an acq fee of $895 may be $595 with a $300 or mark up, or it may simply be a base acq fee of $895.
Multiple brokers have stated that ccap occasionally comes back at different acq fee amounts, including one posting an approval from CCAP that listed $895. In turn, there are others that claim itâs always $595 and anyone charging $895 is marking it up.
Of course, I saw a ccap acq fee a few days ago that was $995, which seems to disprove the notion that $595 is always the base rate, as $995 exceeds the $300 max mark up amount, meaning it had to start higher than $595.
Long story short, expect to pay $895 and it if comes back cheaper, great.
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Makes sense! Thanks for the detailed response.
Another Delivery UpdateâŚ
Jeep took off from Houston late Monday night and they actually made it all the way into California (San Bernadino/Riverside area) by late night Tuesday. Sat until this afternoon when they drove to a different parking area. Spoke to dispatch this morning and they said the driver would call me but havenât heard anything yet.
Iâm not really one to complain but has anyone ever been compensated for a late delivery or had the price discounted when delayed?
Can you please elaborate or guide (to some link) what this means. I will be signing mine today or tomorrow. Was thinking of doing $500 down (which was the deposit), and then all into monthly payments.
With CCAP, you can do a âsign and driveâ lease, where you trade an increased mf (.00029 increase for most terms, more for 24 months) for ccap paying your first monthâs payment.
On a vehicle without incentives, itâs easy to justify. You just donât want to pay any drive offs.
On a 4xe, itâs a much tougher sell, as you can do a $0 das lease that is not a âsign and driveâ by having the incentives cover your drive offs. You need to convince the dealer that they need to structure the lease in a way that doesnât make sense and doesnât appear to favor you at all. Unless they know youâre flipping and donât care, donât expect them to go willing.
The details on how it gets handled on the lease contract are here: https://training.chryslercapital.com/wp-content/uploads/2018/04/CC-DLR_30905-3-CC-Sign-and-Drive-Handout-2.pdf
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Front camera
What is your payoff? And are you making any $$?
Nope, no front camera on my buildâŚ
For me to make any $$ on this, Payoff is not the only thing, I need to consider initial cost associated with shipping, broker fee, ACQ fees, Tax, Title and Doc fees.
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Very detailed - did not know about this. To confirm, this means MF gets marked up, however, you end up making 35 payments over the 36 month term. Do they make the payment for you or is it just deducted from the cap cost? I assume either way, as long as interest for the number of months less than your monthly, youâll end up ahead on a flip?
I always paid based MF and put down 1st month + TTL.
Do any of the high volume dealers discuss here do this?
Ccap actually makes the payment. It shows up as a credited transaction in your account.
A handful of us have had success doing this on 392/trx leases, where itâs particularly high value. On the 4xe, your savings arent near as much and itâs a much harder thing to justify to the dealer. I think i have only seen one 4xe person having success.
Yes this will be dependent upon the dealer. As @mllcb42 mentioned, the $0 DAS is using the $7500 incentive to cover your DAS and will not trigger a âsign and driveâ mf mark up of .000029 increase. If the dealer checks the box âsign and driveâ on the lease contract then that will trigger the mf mark up.
Either way $0 DAS or âsign and driveâ you donât make first payment. The 2nd payment will be made after 30 days. Essentially if you time it right and you flip it, $0 out of pocket (excluding broker fee/shipping).
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Just messing around with the Jeep configurator for 2023 HA. It doesnât allow you to order Sting Gray with Grey interior. Glitch?