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Dodge Durango, SUV
#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
#119 of 149 Is this a Good Deal on 06 Durango SLT Lease?
Nov 07, 2006 (8:07 am)
We are highly considering the lease of a new 06' Durango SLT from a dealer in Columbus OH. Cloth/DVD/tow package/3rd row seat. Sticker $36,035. Dealer saying with an 01’ Town and Country LX (59k miles) as trade, that we owe 2,500 on, and nothing else out of pocket, lease with tax for 12K a year and 27 month lease is 298.00 per month. Claims residual is 50% or 17,650 and money factor of 1.968, though the money factor he emailed me does not appear to be in a correct format.
#120 of 149 Re: Is this a Good Deal on 06 Durango SLT Lease? [dodgehappy]
Nov 07, 2006 (10:58 am)
This sounds like a FANTASTIC deal - I am looking for the same - Can you let me know if you sign the papers & take it home for that price?
#121 of 149 Re: Is this a Good Deal on 06 Durango SLT Lease? [kfranci2]
Nov 07, 2006 (11:04 am)
I will be happy to let you know how things go if we move forward!
#122 of 149 got some updated numbers on 06 SLT lease
Nov 07, 2006 (5:06 pm)
I emailed with the dealer again today. Any pros out there think its a great deal or just average? should I ask for better?
New 06 Durango SLT w/ tow pack 3rd row and DVD player
Total Rebates and Incentives $8,000.00
Net Price of Durango$25,290.00
Term 27 Months
Money Down via trade in- $3000.00
Money Factor .00082
montly approx pymt with tax $298
#123 of 149 Re: got some updated numbers on 06 SLT lease [dodgehappy]
Nov 08, 2006 (6:11 am)
Hi dodgehappy - I'm confused about your $ down - are you putting $300 down or is that a negative payoff of your current car? Looks like you must be getting a "red dot" car since what I understand of rebates are that it's $6000 for the durango + $1000 for lease + $1000 for unit in inventory since 4/1/06. The money factor and residual (if it is still 50%) look good. Are you paying for the DVD player or was it included for free? I've seen it both ways on the ones I've lookd at.
#124 of 149 Re: got some updated numbers on 06 SLT lease [kfranci2]
Nov 08, 2006 (6:28 am)
Hopefully this will clarify... We have an Chrysler minivan that we owe $2,500 on and the dealer stated they will give us $5,500 for it if we trade.
Does 50% sound right on the residual for a 27 month SLT lease?
What do you mean by "red dot", is that a car sitting since April? Is it a bad idea to pick up one of those?
Not sure on the DVD player, I just know it is part of the sticker price, but I haven't seen the sticker yet to confirm if it was a free option. Does that make a big difference in the lease?
The dealer did tell me yesterday the lease he calculated the $298 payment on is actually based on a car price 500.00 higher then the correct vehicle price after all rebates. Should the payment go down now because of that 500.000, and if so by how much?
#125 of 149 Re: got some updated numbers on 06 SLT lease [dodgehappy]
Nov 08, 2006 (7:40 am)
Hi dodgehappy, The 50% residual sounds good to me, but if you are putting $3000 as a downpayment, then your payment looks a little high for me.
Take a look at the DVD player. If it was a no-cost option, then it gets added into the MSRP for the residual, but does not get added into your negotiated price for the Durango. basically, you get 2 good benefits, the residual is higher because you have it, but you don't have to pay it.
I would ask for some more details before pulling the trigger. It's possible this dealer is marking up the interest rate to get more $$ for him (bad for you).
I don't think it's bad to buy a car on the lot since April - they haven't changed at all and it allows you to get an extra $1000 off!
#126 of 149 Re: got some updated numbers on 06 SLT lease [kfranci2]
Nov 08, 2006 (7:50 am)
So with the .00082 money factor the dealer claimed he is working with the the $3000 down plus rebates, the payment doesnt seem to add up, at a 50% residual?
#127 of 149 Re: got some updated numbers on 06 SLT lease [dodgehappy]
Nov 08, 2006 (9:45 am)
It doesn't appear to add up to me. I am pricing a Durango listing at $38.5K with an invoice of $34K and if you take the 8,000 rebates off and 50% residual, then i get a payment with 0 down of $298.