[li33gwm]

Nope. CCAP is the way to go on these. There's very little price difference in the lease itself and you get significantly more flexibility with buyouts and the ability to sell to a 3rd party dealer at any point.

If you haven't taken delivery yet, I would do everything you can to have them rewrite the contract with CCAP. Leverage the fact that the salesman said he thinks you can buy it out and the contract not allowing it.

Thanks and I imagine that all the same incentives/rebates apply to both financing companies. Do you happen to know the MF and residual for. CCAP. The deal I had written up was for 24 mo and 7500 miles. If I have to go 36 mo I have no problem. Any info I have will be helpful.

 

[Clutch Auto Deals]

Thanks and I imagine that all the same incentives/rebates apply to both financing companies. Do you happen to know the MF and residual for. CCAP. The deal I had written up was for 24 mo and 7500 miles. If I have to go 36 mo I have no problem. Any info I have will be helpful.

What's your zip code? Incentives are the same between the two options, but I'll double check them as well for you.

 

[li33gwm]

What's your zip code? Incentives are the same between the two options, but I'll double check them as well for you.

Thanks so much again. Zip is 11788

 

[Clutch Auto Deals]

CCAP doesn't do a 7500 mile term. Their 24/10 is .00192 and 65%.

SFS 24/10 is .00245 and 67%

Incentives should be $11500 and add another $1000 for the jeep.com TDM... you have the jeep.com tdm, yes?

 

[li33gwm]

CCAP doesn't do a 7500 mile term. Their 24/10 is .00192 and 65%.

SFS 24/10 is .00245 and 67%

Incentives should be $11500 and add another $1000 for the jeep.com TDM... you have the jeep.com tdm, yes?

Thanks; would consider going to 36 mo if CCAP rate is better. Have the Jeep.com TDM, plus a Sams Club $1K and $500 NY Clean Pass. Not sure if I qualify for Conquest as I have 6 mo left in Volvo lease.

 

[Clutch Auto Deals]

On the GC 4xe, you do either 24 months or 39 months. The 36 programs aren't as strong.

No conquest on these and I'm not seeing anything for Sams Club.

How much of a discount is the dealer giving before incentives?

 

[4xeFanFL]

Thanks; would consider going to 36 mo if CCAP rate is better. Have the Jeep.com TDM, plus a Sams Club $1K and $500 NY Clean Pass. Not sure if I qualify for Conquest as I have 6 mo left in Volvo lease.

39 months is even better with CCAP.

 

[li33gwm]

On the GC 4xe, you do either 24 months or 39 months. The 36 programs aren't as strong.

No conquest on these and I'm not seeing anything for Sams Club.

How much of a discount is the dealer giving before incentives?

It is supposed t be 4% off but I didn't see those numbers yet (I. know I should have!). MSRP is $62,555 and with $3K down + DMV payments came out to $519/mo for the Stellantis 24/7.5K lease.

If I did my math correctly interest rate is 4.6 from CCAP and 5.8 from Stellantis. Not sure how much the 2 point difference in residual makes up for that. Any change on rate and/or residual when going to 39 mo?

 

[4xeFanFL]

It is supposed t be 4% off (...)

Is that off MSRP or invoice?

 

[Clutch Auto Deals]

For 39/10, CCAP is .00172 and 53%. SFS is .00207 and 55%. The extra mf pretty much offsets the 2% change in rv so monthlies are usually within a couple dollars.

 

[li33gwm]

Is that off MSRP or invoice?

Off MSRP. According to the salesperson my price is supposedly just below invoice.

 

[4xeFanFL]

For 39/10, CCAP is .00172 and 53%. SFS is .00207 and 55%.

The good thing is that even at an identical payment, a lower MF and residual is preferred since you are paying off more with each payment.

This matters especially with CCAP since they allow (early) buy-outs.

 

[4xeFanFL]

Off MSRP. According to the salesperson my price is supposedly just below invoice.

That's what I got back in January. On my MY23 orders, I was able to secure 5% below invoice and I probably could have pushed for more.

There is a local dealership offering 7% below invoice with Affiliate Pricing.

 

[Clutch Auto Deals]

There is a local dealership offering 7% below invoice with Affiliate Pricing.

That's a strong discount, although many of the Florida dealers do mark ups on the MF and insanely high dealer doc fees. It's not usual to see $1500 dealer doc fee coming out of many of the places in Florida between doc fee and e-title.

On orders, I do 7-8% off msrp(depends on trim), but much lower dealer doc fee and no markups, so works out to be in the same neighborhood. Sadly, I can't get there on inventory units some of my dealers have (although if I could, I probably wouldn't have any more inventory units).


4% off msrp on an in-stock unit, as long as there aren't any mark ups, isn't bad for a NY dealer. You usually need to get a state or two away to find the better deals up in that neck of the woods.

 

[li33gwm]

That's what I got back in January. On my MY23 orders, I was able to secure 5% below invoice and I probably could have pushed for more.

There is a local dealership offering 7% below invoice with Affiliate Pricing.

Which dealership? I can buy in FL as well.

 

[4xeFanFL]

Which dealership? I can buy in FL as well.

The 7%-offer was from Lakeland CDJR.
Let me see if I find the offer...

 

[4xeFanFL]

Found it:

https://www.jlwranglerforums.com/forum/threads/florida-dealer-under-invoice-suggestions.13472/page-3

 

[4xeFanFL]

That's a strong discount, although many of the Florida dealers do mark ups on the MF and insanely high dealer doc fees. It's not usual to see $1500 dealer doc fee coming out of many of the places in Florida between doc fee and e-title.

Not only that. In my area, dealers are now adding these "value packages" on top of the vehicles - like $3k for nitrogen and other useless stuff.

 

[li33gwm]

That's a strong discount, although many of the Florida dealers do mark ups on the MF and insanely high dealer doc fees. It's not usual to see $1500 dealer doc fee coming out of many of the places in Florida between doc fee and e-title.

On orders, I do 7-8% off msrp(depends on trim), but much lower dealer doc fee and no markups, so works out to be in the same neighborhood. Sadly, I can't get there on inventory units some of my dealers have (although if I could, I probably wouldn't have any more inventory units).


4% off msrp on an in-stock unit, as long as there aren't any mark ups, isn't bad for a NY dealer. You usually need to get a state or two away to find the better deals up in that neck of the woods.

Gonna have to actually see all the numbers laid out tomorrow. Just used the Edmunds calculator and it came out less of course. Here's what they say are all the rebates/incentives - adds up to $14,500:

• 2023 CCAP Chrysler Capital Financing Tax Credit Reduction - $7,500
• 2023 Lease Bonus Cash - $1,000
• 2023 Jeep Grand Cherokee IDL Lease Bonus Cash - $2,750
• 2023 Jeep Grand Cherokee Lease Bonus Cash - $3,000
• TDM - $1000

With 4% off and

 

[li33gwm]

This is from Edmunds Auto Lease calculator. Automatically put in the MF and Residual which of course matches here. Does this look right in its calculations or am I missing something perhaps not here?

2023 Jeep Grand Cherokee 4xe 4dr SUV 4WD (2.0L 4cyl Turbo gas/electric plug-in hybrid 8A) Great Deal — 3% off of MSRP
Pricing Details
MSRP: $62,255
Selling Price Before Incentives (Estimated Savings 3.00%): $60,387
Cash Incentives: $15,250
Selling Price After Incentives: $45,137
Residual value: 65%
Annual Miles: 10000
Trade-in and Down Payment
Value of Your Trade-in: 0
Amount Owed on Your Trade-in: 0
Cap Cost Reduction: 0
Financing
Acquisition Fee: $795
Lease Term (months): 24
Estimated Money Factor (Equivalent to 4.61% APR): 0.00192
Credit Tier: Excellent
Security Deposit: 0
Taxes & Fees (Includes acquisition & dealer fee in amount shown): $1,917
Estimated Monthly Payment
Total of Lease Payments: $9,699
Monthly Lease Payment (Before Taxes and Fees): $359
Taxes and Fees: +$82
Monthly Lease Payment (After Taxes and Fees): $441