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Smart Shopper Purchasing at the End of Your Lease
711 messages, Last post on Sep 19, 2009 at 10:24 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Hi ... I have a 2006 Chrysler Pacifica base model (4dr wagon, FWD) which I am planning on turning in on 1/20. I have about 35,000 miles on it and it's in good condition. The residual value of the car is $11,101. Currently, Chrysler is not offering me any incentive to stay in the car. I have a $300 turn-in fee, plus the car will need a good detailing ($200) and maybe two new tires ($275). According to TMV, the trade in value is about $10,100. Just wanted to make sure I'm making the right decision here and need some opinions! Thanks!
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Replying to: jnorman76 (Dec 03, 2008 9:57 am) Having said that, I had a Pacifica for 3 years and it gave me quite a bit of trouble  Also, when you say Chrysler isn't offering an incentive to stay in the car, do you mean reducing the buyout price? Have you out-and-out asked them? If not, it's worth a try - you're no worse off if they say no.
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Replying to: kirstie_h (Dec 03, 2008 10:44 am) We had no real problems with our '05 for the 3 years we owned it. I see Chrysler fixed their residuals. Or at least didn't give quite the incentive to the '06s. Ours had an $18k residual and was also worth maybe $12k by the time we were done. I was happy to turn it back in. jnorman, if Edmunds is over on alot of their values. So odds are your rig is worth much less than what you are seeing. I'd dump it and run. They are VERY lax on turn-in, too, so I wouldn't even sweat the numbers. We had a salesguy do the paperwork on ours. He didn't even look at the tires. Did a quick run around the truck, ticked off all the boxes saying it was OK, and off we went. He didn't even notice the misaligned rear bumper from where it had been hit (twice)! |
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Replying to: qbrozen (Dec 03, 2008 11:34 am) |
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Replying to: kirstie_h (Dec 03, 2008 10:44 am)
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Replying to: qbrozen (Dec 03, 2008 11:34 am) I hope they're lax on turn in ... this is my first leased vehicle, and while there's nothing major wrong, I do have one big scratch on the side of the car (not a scrape, but a scratch) that is noticable. A little peeling on the bumper paint, and a couple of dings that are credit card sized or just over. I also hate that I have to pay the $300 turn-in fee.
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Replying to: jnorman76 (Dec 04, 2008 11:15 am)
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Replying to: jnorman76 (Dec 04, 2008 11:12 am)
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Replying to: kirstie_h (Dec 05, 2008 10:38 am) Usually the captive lenders won't deal w/ the customer directly. The refer you back to the dealer. If Chrysler Financial tells the dealer there is no negotiation, the customer will get the same answer.
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Replying to: volvomax (Dec 06, 2008 8:23 am) |
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