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Chrysler Sebring Prices Paid and Buying Experience - READ ONLY

79 messages,  Last post on Jun 24, 2008 at 3:00 AM

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What is this discussion about? Chrysler Sebring, Coupe, Convertible, Sedan

Messages Page 8 of 9

#65 of 79 Leasing question by princessgoodie

Aug 12, 2007 (5:37 pm)

Hello
 
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] by Car_man HOST

Aug 28, 2007 (2:38 am)

Replying to: rh7036 (Jul 26, 2007 10:08 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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#67 of 79 Re: Leasing question [princessgoodie] by Car_man HOST

Aug 28, 2007 (2:42 am)

Replying to: princessgoodie (Aug 12, 2007 5:37 pm)
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.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#68 of 79 Leasing an 08 Sebring Touring Sedan Signature Series by flygirldi

Jan 08, 2008 (8:44 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] by tedebear

Jan 08, 2008 (9:41 pm)

Replying to: flygirldi (Jan 08, 2008 8:44 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 -
 
MSRP: $21,315
Friends: $19,142
 
Signature Series value package with sunroof -
 
MSRP: $22,705
Friends: $20,408
 
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.

#70 of 79 Re: Leasing an 08 Sebring Touring Sedan Signature Series [tedebear] by flygirldi

Jan 09, 2008 (6:57 pm)

Replying to: tedebear (Jan 08, 2008 9:41 pm)
Sorry for the confusion, the paperwork shows it as a Sebring Touring Signature series, but on the website you're correct, you just select Signature Series when building your own. So the car I've been quoted for at the dealer is an 08 Sebring Sedan Signature Series with a power sunroof as the only option. I'm in Detroit, MI the zip code I'm dealing in is 48075.
 
The Friends price you list for this car is much cheaper than what the dealer gave me. He gave me $21,477. I thought that seemed high when I saw the employee price listed on the invoice as $20,533. The dealer took the invoice and I did not get to keep a copy.
 
I appreciate you getting me this information and for also getting me a better estimate with my exact zip code.
 
Thank you again for your efforts.

#71 of 79 Re: Leasing an 08 Sebring Touring Sedan Signature Series [flygirldi] by tedebear

Jan 09, 2008 (9:27 pm)

Replying to: flygirldi (Jan 09, 2008 6:57 pm)
I checked the Friends price again, using the new zip code you provided. The discount and rebate are the same as what I quoted before. You didn't mention a color and the only one with an additional charge would be the Red Inferno, which is $225 more than the others. I used the default color silver.
 
MSRP: $22,705
EC: $20,108
Friends: $20,408
 
Although the EC program is no longer available I included it if you were curious. Both discounts include a $500 rebate which expires on 02/29/2008. An additional $200 program fee would be added to the EC price by the dealer. Not much difference between the two discounts after all that.
 
If you change your mind and want to see how much other options would increase the price you can build one on Edmunds. They will show you the MSRP as well as the dealer invoice. The Friends discount price is 1% below invoice. Any rebates or other price incentives are subtracted from the Friends price for even more savings.

#72 of 79 Re: Leasing an 08 Sebring Touring Sedan Signature Series [tedebear] by flygirldi

Jan 11, 2008 (8:37 am)

Replying to: tedebear (Jan 09, 2008 9:27 pm)
Thanks so much. This is great information to have. The car is in silver, so it was great you did the default color. I do like the Red, but I did see that it was an extra cost and chose not to go that route.
 
Now the question is to lease or buy. I drive a lot so everyone is telling me not to lease, but I don't see myself driving this car for the next 5 to 10 years. I'm getting quotes for leasing prices with 18k and 20k mileage. People say that is nuts and I should just buy. I'd appreciate your opinion if you have time.
 
Thank you.

#73 of 79 Re: Leasing an 08 Sebring Touring Sedan Signature Series [flygirldi] by tedebear

Jan 11, 2008 (11:43 am)

Replying to: flygirldi (Jan 11, 2008 8:37 am)
Since I've never leased anything I'm probably not the best one to give advice on that. I do know that you're limited on annual miles with a lease and there are penalties if you go over. I would imagine a lease with an 18-20k mile annual limit costs a lot more than something with 12k/yr terms.
 
You might try a Google search on lease versus buy. There are several good articles.
 
BTW, I bought an Inferno Red Sebring in September. The chrome accents make the whole package look very nice.

#74 of 79 Money Factor and Residual % by jgreenberg

Mar 11, 2008 (1:39 pm)

Carman,
 
Can you tell me what the current money factor and residual percentage are for the 2008 Sebring Convertible Limited edition for 36 months and 10, 500 miles.
 
The dealer in New Jersey is offering MF of .00163 and Residual of 49% thru Daimler Chrysler
 
Thank You

Messages Page 8 of 9

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