yea i’m down a car. not fun
We are under a different market now, I think that everyone agree on that.
In my view, this deal is not profitable for flippers, the RV for the MY23 came up just 1 percent, and the MF went also up. The average profit reported for the flippers during the last month is about 2k with some cases reported at break even. Not sure who would like to take delivery of a 60-70K MRSP monster to pocket just 2k, I would not take that risk.
There are thousands of new 4xe available for sale online. This is also the reason why the reselling market is almost dead.
RV and MF have little/no impact on flipping profit.
Your risk is the full cost of the lease, not the full MSRP of the vehicle. In this case, maybe about 22k on average. However, you could always sell it at a loss. Upside might be about $3k and downside might be losing $1k…
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With the EV tax changes its a wildcard on resell values into new year
Also, I assume there is seasonality with Wranglers and resell market values given Fall and Winter approaching
I ordered a 4XE that I could live with for 1-3 years if needed. Flipping would be a bonus, but was never expected (ordered mid-March and finally made it to the dealer in time to lock the Aug numbers).
Agreed. If you have a deposit to lose, making a couple grand with some work is worth it vs. losing $1k.
If you don’t have a large deposit to lose then maybe you walk.
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you can lose 1k with certainty (deposit)
or you can gamble and potentially lose 1k, or break even and drive a free car for a couple months, or make a few k. I know which option I’m taking.
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Does anyone know if the MRM number includes destination fee? Assuming it does.
Been 2 weeks since its been built. Shipping still TBD. Pretty typical? Going to Clutch’s southern dealer.
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I’m not sure there is a typical - mine started production yesterday, but has an estimated Delivery date of 10/1.
Renee just told me the 7500 is good on the 2023. CCAP issuing updated sheet tomorrow.
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Man you really got em on speed dial
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Great news for incoming 2023 orders.
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I had a really nice chat with Renee too.
They have everyone with a deal ready to go lined up in order and ready to go once this happens and they’ll hit them as they are stacked up.
She said a ton of people have been reaching out to see if they could get priority and a few being mean and/or angry to them. Seriously I hope that’s not any of us thinking thing being pissy over something they have no control over will help. They’ll get to you and they have a ton of deals to process. Make sure she has everything they asked for (control number, license etc) and for the love of God be nice.
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Yes! Now if I can just get mine built and delivered this year….
Just signed a CCAP lease with a northeast dealer on a 2023 yesterday. $7500 was applied without even mentioning it.
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Yeah our dealer has been applying it for all 2023s. Told you nothing to worry about.
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interesting - she called me 2 hrs ago and told me she was still waiting on confirmation… guess she now has the confirmation. Said CCAP wouldn’t approve leases without official documentation…
@harrydogyo yeah, unfortunately she told me the same. people are being nasty stomping their feet and trying to get ahead… jesus let the people do their jobs in peace
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Yes o think she said CCAP was waiting for final approval and they literally gave it 10 mins ago
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I had the same issue with LC/Koons twice. built then all the sudden shows as delivered
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