Inflation Reduction Act
We have three major announcements to make and we are excited for the journey that lies ahead with these new changes!
(1) Wrangler 4xe, Grand Cherokee 4xe, and Chrysler Pacifica Hybrid Orders (Ending 8/31!)
As you may know by now, the Inflation Reduction Act (“IRA”) was finally passed earlier this week and boy is it a complex Bill! There are many uncertainties surrounding the applicability of this new Bill on EV and PHEV cars for next year, particularly as it relates to the $7500 federal credit that has applied to PHEV Jeep and Chrysler cars for the last two years. But one thing is certain — we won’t let this Bill impact our ability to deliver amazing cars to our customers at the most competitive prices around! To achieve that goal, we have had to make some difficult choices regarding the future ordering of Wrangler 4xe, Grand Cherokee 4xe, and Chrysler Pacifica cars.
Beginning on September 1, 2022, we will no longer be accepting orders for a Wrangler 4xe, Grand Cherokee 4xe, or Pacifica Hybrid. The last day to place an order for one of these cars will be August 31, 2022 by Noon EST. The reason for this is simple: we don’t want to risk any orders that would have been placed after 8/31 to arrive past the New Year and potentially be precluded from receiving the $7500 federal credit. But not to worry! We have a plan in place to mitigate this change, which is our second announcement below.
Please Note: For those of you who are willing to assume the risk and still order one of these cars after 8/31, we are able to continue placing orders through our Arizona dealer only. Please contact us for more details.
(2) Our Plan - In-Stock Wrangler 4xe's
Realizing the impacts the IRA Bill may have on PHEV cars, we proactively worked with our dealer over the last few weeks to pre-order several hundred 2023 Wrangler Sahara and Rubicon 4xe's to secure inventory scheduled to arrive before the end of this year, just in time to reap the full benefits of the $7500 credit — whether you’re leasing or purchasing. Since the Wrangler 4xe remains on the list of cars eligible under the IRA to receive the tax credit in full through December 31, 2022, we want to maximize the chances of our customers receiving their cars (and the credit) by year-end. These cars will be sold as in-stock units and they are not modifiable. On a lease, the $7500 is still being passed on as a cap cost reduction and on a purchase signed before year-end, the $7500 can still be claimed as a tax credit on your 2022 taxes (please speak to a tax professional to confirm this can apply to you).
Below are our discounts on these in-stock Wrangler 4xe’s, along with a link to access the builds for the first 50-100 units that are expected to arrive between October and November:
2023 Wrangler Sahara 4xe
5% off MSRP on all units (plus $500 additional with Affiliate if it applies on the 2023 4xe)c
2023 Wrangler Rubicon 4xe
<$66k MSRP = 5% off MSRP (plus $500 additional with Affiliate if it applies on the 2023 4xe)
$66-$70k MSRP = 6% off MSRP (plus $500 additional with Affiliate if it applies on the 2023 4xe)
>$70k MSRP = 6.5% off MSRP (plus $500 additional with Affiliate if it applies on the 2023 4xe)
It is also worth noting that the Wrangler 4xe’s are over 6,000 lbs. in their Gross Vehicle Weight Rating and therefore could qualify for a Section 179 tax benefit on a purchase (please speak to a tax professional to confirm this can apply to you). This is a great way for anyone looking for one of the best bang-for-buck PHEVs in the market to secure theirs before year-end and at the same time maximize their tax savings.
(3) Chrysler Capital and Ally Leases
Our last major announcement is the decision to switch from Chrysler Capital to Ally for leasing through our Louisiana dealer starting September 1, 2022. As many of you know, the residuals and money factors from Chrysler Capital have gotten worse over the course of the last several months, and that has translated into much higher payments than we (or our customers) anticipated at the time orders were placed during that same time period. To help alleviate the increase in overall lease payments, our Louisiana dealer has decided to start using Ally as the bank to set up its leases for any orders placed on 9/1 or later, or in-stock cars sold on 9/1 or later.
Ally has generally been yielding lower overall lease payments due to its high residual values, which has been great for our customers who are simply looking for the lowest payment lease on a brand New Wrangler 4xe. Ally also differentiates itself by allowing customers who want to exit their lease early from being able to transfer out of their lease (please independently confirm this), which is something Chrysler Capital does not currently allow. These flexibilities, combined with lower lease payments, have prompted this change through our Louisiana dealer.
Please Note: This announcement regarding Ally does NOT apply to existing orders! Those who have ordered through us before 8/31 will actually have the choice between either Chrysler Capital or Ally as the bank for their lease when their car arrives and they sign for it.
We truly hope everyone is as excited about these upcoming changes as we are. Please do not hesitate to reach out if you have any questions at all! We are always available to you all
"We cannot direct the wind, but we can adjust the sails.”
– Dolly Parton