Last post on Feb 08, 2009 at 10:34 AM
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Chrysler Crossfire, Chrysler Crossfire SRT-6, Coupe, Convertible
Dec 03, 2006 (4:23 am)
Hi Candice. I am sorry to say that 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. Chrysler is running an early lease termination program for select vehicles right now, but this promotion only waives three payments so you are still going to have to pay a ton to get out of your Crossfire lease early.
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#250 of 253 2005 Crossfire Roadster Limited - discontinued
Nov 05, 2007 (10:56 am)
At the end of '05, I leased a new 2005 Crossfire Roadster Limited. I still LOVE MY CAR. My lease will be expiring soon, and I need some advice. Now that Chrysler has announced the Crossfire will be discontinued, is this a good car to hold onto because so few were made (more collectible), or should I turn it in at the end of the lease because maintenance for a discontinued car will be very difficult and expensive in the long run. Maintenance already is very expensive, and I'm concerned about outrageous costs and limited replacement parts in the future.
#251 of 253 Re: 2005 Crossfire Roadster Limited - discontinued [curlytopd1]
by kyfdx@Edmunds HOST
Nov 05, 2007 (4:09 pm)
I don't think the Crossfire is ever going to become a true collectible.. Parts could get expensive, eventually, just because a lot of them are sourced from Mercedes..
What you really need to find out, is the actual value of your car vs. the residual value that Chrysler Financial will charge you to buy it.
For more input on that, try posting in the general Chrysler Crossfire discussion..
Host-Prices Paid Forums
Feb 08, 2009 (8:07 am)
i am coming to the end of my lease on my crossfire.
some small scratches in paint, 26 k everything else mint.
what is my best option and is chrysler offering any deals on lease buy outs?
#253 of 253 Re: lease purchase [gordyduff]
Feb 08, 2009 (10:34 am)
Chrysler Financial is offering me a $6000 reduction to my lease buy out if i decide to purchase the lease to my 2005 Jeep Grand Cherokee. I would suggest you contact C.F. and see what they offer you on your crossfire.