RAM Lease Help in NW PA

Ask the Hackrs
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41

Yep, if you have any PA specific questions feel free to ask. Best of luck!

42

Ok received first full layout - RAM Big Horn 4x4 Quad Cab 36mo/10k through Chrysler Mid Atlantic
Tier 1 Credit
MSRP:$43,860
Base Invoice: $41,100
Lease Rebate: $4000
Lease Cap: $37,100
RV: 55% so $24123

Now they have “Interest Factor” at .00024 (Edmunds had said .00003)
with an APR of 1.006% but in the Leasehackr Calc .00024 was .58%?

Total Fees:
Doc Fee: $250
Reg.: $36
Title Fee $22
Tire Fee $5
So $313 Total

So this leaves me with $405.87 a month

Thoughts…

43

Ohio dealer from the doc fee,

That probably is a money factor markup;

There is holdback, and many other factors that go into discount, ‘invoice’ is not the biggest discount you can get.

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44

so can ask for .00003 MF and $37500 Invoice would put me in at $286

45

Don’t ask for invoice unless you want to leave money on the table.

46

isn’t one of the main objectives to get the sale price down? Ha, I am so confused

47

Absolutely. So why ask for invoice when you should be able to get the sale price down further?

48

ok clearly I am screwing up vocabulary/lingo…I was saying I would ask for sale price of $37500 (currently he is at $41,400) with the addition of $4000 Rebate.

49

Gotcha. Invoice is a specific number on a vehicle that represents the dealer’s “cost” (although with multiple profit streams, leasing/selling a vehicle at invoice may show as a $0 profit deal, it actually isn’t).

50

ok so would my appropriate wording be a “dealer discount” of $3900
(MSRP 41,400-37,500 = $3900)

51

Correct. We try to focus on pre-incentive discount to clearly delineate between what is coming from the dealer and what is coming from the manufacturer.

2 Likes
52

Any update? How’d you do?