Last post on Jun 24, 2008 at 2:00 AM
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Chrysler Sebring, Coupe, Convertible, Sedan
#60 of 79 Re: want to get out of my '04 Sebring lease (1 yer to go, ca. $4k left) [th
Jun 07, 2007 (1:40 am)
Hi thibaud. I am sorry to hear that you are so unhappy with your car. Unfortunately, it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.
You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.
Prices Paid Forum
#61 of 79 Re: Sebring Limited Lease ?? [smo1345]
Jun 07, 2007 (1:43 am)
Hi smo1345. Do you know what selling price you are entitled to get on this car? If you let me know what the selling price is, I can use it to calculate what your monthly payment would be if you were to lease it.
I see that you are considering trading in your current car when you lease your new Sebring. There's nothing wrong with trading in a vehicle when leasing, but it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments on leased vehicles because those who do risk losing all or part of their money if their vehicle is totaled in an accident or stolen and never recovered.
Prices Paid Forum
#62 of 79 Current Chrysler Financial Sebring Lease Rates
Jun 18, 2007 (9:05 am)
What is the current MF and RV from Chrysler Financial for 2008 Sebring Convertible Touring or Limited?
#63 of 79 Re: Current Chrysler Financial Sebring Lease Rates [smiller685]
Jul 17, 2007 (1:43 am)
Hi smiller685. This vehicle's lease program varies slightly by region. If you let me know where you are, I can double check that this is the program that is available in your area. Also, you never mentioned how long you want to lease for or what mileage allowance you need. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. In most of the country, Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Chrysler Sebring Convertible Touring with 15,000 miles per year are .00224 and 49%, respectively. The numbers for an otherwise identical lease of an '08 Sebring Convertible Limited are .00239 and 51%.
When negotiating your lease on this car, make sure to take advantage of the $1,000 lease cash and $500 bonus cash that DaimlerChrysler is currently providing on it. They will help you to negotiate an attractive capitalized cost for your lease.
Prices Paid Forum
#64 of 79 buy out lease?
Jul 26, 2007 (9:08 am)
My lease on a 2004 sebring sedan is ending, and I'm considering purchasing the car. It has about 26,000 miles on it, with a sunroof, heated driver's seat, and leather interior. My residual value is listed at 8,400. Does this seem like a good buy?
The only possible negative is that the car was in an accident in May, and while the car was repaired by a dealer site and seems fine, I'm a little concerned about potential long term effects. It was a rear side passenger impact, and the frame did need to be tweaked to get the correct allignment. Should I think twice about purchasing after this kind of accident?
Aug 12, 2007 (4:37 pm)
I am thinking of leasing a 2008 Chrysler Sebring touring convertable. The prices is 28,945. They gave me a lease price of $325 month with putting $5000 down. I am not feeling that I have gotten a good deal. I have not sihned anything yet . Do you think that is a good deal.
#66 of 79 Re: buy out lease? [rh7036]
Aug 28, 2007 (1:38 am)
Hello rh7036. I am not personally all that familiar with what the market is like for used Sebrings right now, but you may be able to get an idea if the purchase option price for your leased car is reasonable by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
Regardless of how good a price this is, you definitely should place a call to Chrysler Financial, or whichever bank you are leasing your car through, to see if they are willing to negotiate your car's purchase price. More often than not banks are not willing to do so, but sometimes they will and you don't have anything to lose by trying. If your initial contact at the bank is unwilling to work with you, try speaking with a manager.
Having said all of this, I just read that your car was in an accident. I personally would never purchase a leased vehicle that has been in an accident. One of the beautiful things about leasing is as long as your car was repaired properly, you can walk away from a vehicle that has been in an accident and force the bank that you are leasing through to absorb the diminished value rather than taking the it yourself.
Prices Paid: Buying & Leasing Experiences Forum
#67 of 79 Re: Leasing question [princessgoodie]
Aug 28, 2007 (1:42 am)
Hello princessgoodie. I see that you are considering making a $5,000 down payment on your lease. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing part or all of them if their car or truck is totaled in an accident or stolen and never recovered. You would be much better off keeping the five grand in the bank and going with a zero down lease.
It is difficult for me to evaluate this deal without knowing what this car's MSRP is. The MSRP will show me how much of a discount you are being given on it. Let me know what this number is and I will be happy to tell you what I think of the deal that you were quoted.
Prices Paid: Buying & Leasing Experiences Forum
#68 of 79 Leasing an 08 Sebring Touring Sedan Signature Series
Jan 08, 2008 (7:44 pm)
I'm in Detroit and I'm currently leasing a Jeep that has two payments left. I've been given a price to lease a new 08 Chrysler Sebring Touring Sedan Signature Series/4 cyl w/power sunroof. They list the sell price as $21,477. I'm being told that is with my Friends/Family discount. I want to use the $500 cash allowance Chrysler currently offering as my down payment. I don't think the $21,477 is discounted with friends/family when the EP price listed on the invoice says $20,533. Can someone tell me what the friends/family discount price should be? I'm looking to lease this time around for 30 months 20k miles per year.
Thank you for your assistance.
#69 of 79 Re: Leasing an 08 Sebring Touring Sedan Signature Series [flygirldi]
Jan 08, 2008 (8:41 pm)
08 Chrysler Sebring Touring Sedan Signature Series/4 cyl w/power sunroof.
I'm having a hard time trying to determine which Sebring this is. Chrysler lists a Touring and they also list a Signature Series. I priced them both for you.
Touring with sunroof -
Signature Series value package with sunroof -
Both of the Friends discount prices include the $500 rebate, which expires 02/29/2008. Also, I used a zip code in the St. Louis area for the discount price. If you'll provide me with a zip code in the NY area I can give you a more accurate estimate.
Although the MSRP stays the same across the country, rebates and discounts vary by region.
Go to www.chrysler.com and click on the Build My Own tab. Go through the build process and let me know which model it is and the MSRP when you're through and any options you select that cost extra.