Considering 4xe - help

[n5ac]

It costs me $1.23 per charge and gas is about $2.85/gal. My electric bill is around $40 more expensive per month.

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[speedymart]

It costs me $1.23 per charge and gas is about $2.85/gal. My electric bill is around $40 more expensive per month.

Depends where you live. Mine was over $500 last month just from running the A/C during the heatwave.

 

[Luxy60]

Honestly would've considered a diesel for the torque and range, but it's silly to choose the diesel when they're paying me $7500 to lease the 4xe and diesel prices are still very high. That $7500 is enough money to pay for something like 35,000 miles worth of gas, even if I never plug in the 4xe (which I do).

FCA (DBA Chrysler Credit) is well aware folks that otherwise wouldn't qualify are choosing to lease vs purchase to score the $7500 tax credit and have jacked up their money factor accordingly. It's currently around .0039 (~9.4%). So useless you plan to refi or buy out your lease relatively soon, you'll be paying a lot more in rental charges.

 

[martoaj]

FCA (DBA Chrysler Credit) is well aware folks that otherwise wouldn't qualify are choosing to lease vs purchase to score the $7500 tax credit and have jacked up their money factor accordingly. It's currently around .0039 (~9.4%). So useless you plan to refi or buy out your lease relatively soon, you'll be paying a lot more in rental charges.

Some of us have great credit and qualified for the base Money Factor through Chrysler Cap. The rent charge was very low. People should always check and negotiate the Money Factor, just like they do with a purchase -- nothing new with CCAP or new today.

I realize rates are generally much higher now, but so are new car loan interest rates on long loans that many of those same people would get to finance a purchase too.

 

[Luxy60]

I spoke with a long time sales manager the other day and he admitted he has never seen CCAP MF's as high as they are right now for tier 1, or any credit rating (they vary considerably by vehicle). Rates in general are super high but that alone does explain/ justify these MF's.

 

[martoaj]

I spoke with a long time sales manager the other day and he admitted he has never seen CCAP MF's as high as they are right now for tier 1, or any credit rating (they vary considerably by vehicle). Rates in general are super high but that alone does explain/ justify these MF's.

It kinda felt like they really overextended themselves early on with very good MFs and high residuals on 4xes, and were struggling to meet demand. Seems like they finally realized they don’t need to incentivize them THAT hard to hit quotas. They likely hit the point where they started more leases then they want to keep a balance of inventory, and now it’s an over correction.

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