#FACTS
This handbook can be found in FMC Dealer
What is RCL Handbook?
This lease has no monthly invoice
What is an Advanced Payment Plan Lease?
This product can only be sold on FMCC leases
What is Wear Care?
2.50 basis points can be earned
What is the maximum dealer mark-up?
Guaranteed Tier 1 w/proper Visa
What is FELP?
6,000 miles
What is the max miles a leased vehicle can have at inception?
On an APP lease this fee must be paid upfront
What is acquisition fee?
$645
What is Acquisition Fee?
This is not paid when the contract is written at Buy Rate
What is a Flat reserve?
Enrolled in College or a 2 year graduate
What is CSPP 2 Year?
24,36,39,48
What are eligible lease terms?
charged to the customer at end of term if they do not go into another lease
What is Disposition Fee?
$395
What is Disposition Fee?
LBO
What is Lease Buy Out?
Don't worry about your tier 2, this program gives you the next best tier
What is Customer Loyalty Program?
What is Total Before Discounts?
this could happen when the contract comes in with higher figures than approved
What is a tier change?
Waived on all leases
What is security deposit?
Cash, Rebates, and Trade
What is Cap Cost Reduction?
Graduated from a 4 year accredited college within the last 3 years
What is CSPP 4 Year?
115%
What is the max advance for leases?
94%-92% - 87%-85%
82%-80% - 67%-65%
What are borderline tiers?
Lowest customer payment amount allowed
What is $50?
45%
What is the max cap cost reduction?
Service replacement vehicles that are eligible to be sold as new units
What is FCTP/LCTP?