Last post on Sep 16, 2007 at 5:21 PM
You are in the Prices Paid & Leasing Experiences Archive
What is this discussion about?
Dodge Durango, SUV
#109 of 149 Re: 2006 durango lease [uffllaa]
Dec 30, 2005 (3:26 am)
Hi uffllaa. This truck's exact money factor and residual value will vary depending upon how long you lease it for. 39 months is by far the most attractive lease term for this model right now, so I will assume that is the length lease that you want. If you were to lease a 2006 Dodge Durango Limited 2WD (I assume that you want the 2WD model) through Chrysler Financial right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00001 (as you were told) and 43%, respectively.
Smart Shopper / Prices Paid Forums
#110 of 149 I think dealer is trying to scam me with his mistake.
Feb 06, 2006 (6:08 pm)
Today is 2/06/06. I leased a car on 12/27/05 & paid dealer 1st month payment of $398 on 39 mo. lease. I never received payment book so I call ChryslerFinancial daily because I want to pay for my leased Durango. They say the same thing everyday-that I should call dealer since 5 weeks is too long for paperwork to reach them.
Today I get a call from the dealer after 5 weeks asking me to come into the dealership because HE made a mistake on the sales tax. He promised me that he will keep the payment the same.
I just looked at my old contract and notice that the buy back is stated at $3.00 on my new leased car (its a $30,000 car). I told dealer to mail me the
new contracts and I will put them side by side and if the monthly rate is the same and he only changed the state sales tax as he stated was the problem, I will sign them. (Im still waiting for papers).
If the buyback is changed on the new contract, which I think they are up to...should I call my lawyer? ChryslerFinancial told me the if the lease is
not right, they dont buy the note and send it back to the dealer, so I think he is sitting on a hot potato. Any advice?
My friend tells me that dealer should have approached me honestly regarding the problem and since they are using a lie to get new papers signed, that I
should dispute dealer?
#111 of 149 Re: Dodge Durango: Lease Questions [Car_man]
Mar 20, 2006 (10:15 am)
I want to lease a 2006 Durango SLT for 36mo.(12,000mi per yr.), 4X4,4 door Sport. Mfr's list: $35,500, Dealer price after $3000.rebate and dealer discount: $29,747. My credit score is excellent. Clean deal with no trade in. What would the Residual rate be and the approx.interest rate? What would the right Acquisition Fee be? With a good credit score,should the security deposit be waived? What should my monthly payments be with $8000.00 down payment? I will be dealing with Northtown Dodge in Amherst, NY
#113 of 149 Re: Dodge Durango: Lease Questions [crog]
Apr 03, 2006 (3:53 am)
Hello crog. If you were to lease a 2006 Dodge Durango SLT 4WD through Chrysler Financial on or before April 3rd for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00004 and 45%, respectively. As you can tell, this is a very low money factor. It is equivalent to an interest rate of around one tenth of one percent. When negotiating your lease on this truck, make sure to keep in mind that DaimlerChrysler is currently providing $4,000 lease cash on it and that most dealers are getting an additional $1,000 dealer cash on top of that. Make sure to take all of this cash into account when negotiating your lease. Chrysler Financial's current base lease acquisition fee is $700. This fee was recently raised, but in exchange for the increase Chrysler Financial now waives its security deposit requirement on all leases.
You definitely do not want to make an $8,000 down payment on a lease off this truck. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Durango would be exactly the same, regardless of whether you had put $8,000 down, or had made absolutely no down payment at all.
I'll work up a zero down lease payment on this truck for you. According to my calculations, if you were to lease a 2006 Dodge Durango SLT 4WD with an MSRP of $35,500 and a selling price of $29,747 through Chrysler Financial right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $385.
Smart Shopper / Prices Paid Forums
#114 of 149 Lease Questions... Outrageous (I think)
Jul 20, 2006 (8:37 am)
I have leased a 2000 Durango, bought a 2003 Durango, and have recently gone to the dealership for a 2006 Durango. I have 35,000 miles on the Durango now - about 38 months old.
Looking for a 2006 SLT, 4.7 ltr., 2WD... there was a "G" package with entertainment / DVD / sirius... and a sticker of $34,000.
They submitted me a "deal" of 12,000 per year, 39 months... $588 a month - $0 down. The $588 is a before tax payment - so about $625 a month.
Wow... blew me out of the water. After seeing other leases above - what lease payment should I be expecting? THANKS -
#115 of 149 Re: Lease Questions... Outrageous (I think) [scott451]
Jul 31, 2006 (2:10 am)
Hi scott451. That lease payment does sound a little high to me. That's a lot of money to spend for a Durango. I would be happy to use Chrysler Financial's actual lease program to calculate what this truck's lease payment should be for you, however in order for me to do so I need you to provide me with its selling price. Let me know and I'll crunch some numbers.
Prices Paid Forum
#116 of 149 Another lease question CarMan
Sep 12, 2006 (5:59 am)
You ran a lease quote above for someone for 36 months. What should a lease for 24 months be for a 06 Durango 4x4 SLT MSRP 35500 with purchase price of 29500. 12000 miles. Thanks
#117 of 149 Re: I think dealer is trying to scam me with his mistake. [bizpro1]
Sep 14, 2006 (4:50 pm)
I would definitely talk to your lawyer. It sounds like you could own that new car for what...$3.00??. The dealer (Salesman) is in HOT WATER, that's for sure.
Let us know what happens.
#118 of 149 Re: Another lease question CarMan [msusimon]
Sep 20, 2006 (2:17 am)
I'd be happy to help you out, msusimon. This truck's lease program actually varies by region. The Northeast or Great Lakes regions have a much more attractive lease program on it than the rest of the country does. If you are outside these areas, don't bother leasing one. If you are in one of the regions, according to my calculations, if you were to lease a 2006 Dodge Durango SLT 4WD with an MSRP of $35,500 and a selling price of $29,500 through Chrysler Financial right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $516.
Prices Paid Forum