by Corina1231 (Posted Wed, 11 Sep 2013 22:13:06 GMT)
That's the right residual (see my table last page). All your numbers check out. Congrats, you got the VPP deal you deserve!
sitech wrote:
Hi Corina,
Please don't apologize. I should be the one apologizing for not providing all the numbers.
You are correct, the dealer did tack in other "not for profit" numbers to the cap cost.
Negotiated Price = $28,493
Title, License = $90
Acquisition Fee = $595 (this figure is as declared in the employee flyer)
Doc Fee = $80
Total Gross Capitalized Cost = $29,287
Rebate to Dealer = $8152.09
Adjusted Capitalized Cost = $21,134.91
The only thing that bugged me a little was that they couldn't/wouldn't follow the VPP's residual value of $14,529 and instead took it down to $12,506. Finance Manager claimed that was fixed at 40% of MSRP $31,265.
But seeing that they gave me VPP upfront and 5 other dealers did not all the while claiming they do, I closed the deal.
Thank you again for sharing your knowledge. It helped me.
Please don't apologize. I should be the one apologizing for not providing all the numbers.
You are correct, the dealer did tack in other "not for profit" numbers to the cap cost.
Negotiated Price = $28,493
Title, License = $90
Acquisition Fee = $595 (this figure is as declared in the employee flyer)
Doc Fee = $80
Total Gross Capitalized Cost = $29,287
Rebate to Dealer = $8152.09
Adjusted Capitalized Cost = $21,134.91
The only thing that bugged me a little was that they couldn't/wouldn't follow the VPP's residual value of $14,529 and instead took it down to $12,506. Finance Manager claimed that was fixed at 40% of MSRP $31,265.
But seeing that they gave me VPP upfront and 5 other dealers did not all the while claiming they do, I closed the deal.
Thank you again for sharing your knowledge. It helped me.
That's the right residual (see my table last page). All your numbers check out. Congrats, you got the VPP deal you deserve!