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Prices Paid: Buying & Leasing Experiences Chrysler 300 Lease Questions
231 messages, Last post on Jul 28, 2008 at 10:16 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Well I finally did receive numbers on a proposed lease from the dealer in Central Pa. Here are the proposed terms for a 300C SRT with the following options: SRT Option Package 1, SRT Option Package 2 and Kicker sound system. I did not opt for the rear DVD. MSRP on this car, so equipped, is $46795: 1. Selling price is MSRP ($46,795). 2. Money factor is .00195 3. Residual is (allegedly) 56% 4. 18,000 miles per year 5. Term is 36 months. 6. Sales tax of 8.625% (I live in NYC) is rolled into the payment. Dealer claims that the monthly payment is $835 per month with taxes rolled into the payment. Here's the rub: when I ran these numbers through the lease calculators on www.leaseguide.com and www.morebusiness.com and www.mortgages.interest.com, I get $775.90 per month--NOT the $835 per month that the dealer is quoting me. When I ran these number through the lease calculator on Bloomberg.com, I get $767.09--again NOT the $835 per month that the dealer is quoting me. Sadly, I again come to the conclusion that the dealer is ripping me off (although not nearly to the extent of the amounts that the Westchester and Bergen County dealers attempted to gouge me). Am I wrong?? Looks like I will be getting the Infiniti M45 at this rate (Best quote I got was $1,000 over invoice for a fully loaded M45 Sport (all options other than full aero kit and rear DVD) with monthly payments of $737, taxes rolled in, and, for that lease, the numbers do add up). |
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You're welcome 540dude. The 300 is a cool looking vehicle, but for $1,000 a month the trunk better be filled with gold bullion. All these Chrysler dealers messing with me would leave a bad taste in my mouth too. At this point, I'd probably go with a different brand if I was in your situation. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 09, 2005 4:01 am) |
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Replying to: mschiavone (Sep 20, 2005 9:34 am) I was quoted a 06 AWD Limited 300. Including the options, MSRP was 35,600. The price he gave me was 33,230. He said the residual is 55% and money factor .00328 (seems really high). I stated I only wanted a 36 month lease but the salesman said Chrystler wouldn't let them go do a 36 month, only a 39 month. Is this really true?? For 39 months, 12k miles and 2500 down, the payment was 528 a month for the lease. Seems really high. Can you give me your residual and money factor for this trim? |
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I am glad that you ended up finding a car that you will be happy with without being taken advantage of, 540dude. Enjoy your new M45  . Car_man Host Smart Shopper / Prices Paid Forums |
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Hi mschiavone. The salesperson who told you that Chrysler Financial would not let them run a 36 month lease on this car was not exactly telling the truth. You can do a 36 month lease on a 2006 Chrysler 300 right now if you want to, but the 39 month lease program is more attractive and probably the way that I would go if I was interested in leasing one right now. The money factor that you were quoted is definitely too high. Chrysler Financial's buy rate money factor for a 39 month lease of a 2006 300 Limited AWD is currently only .00228. The 55% residual value that you were quoted is correct though. Let's calculate a 39 month lease payment for this car using Chrysler Financial's actual base lease program and see what we come up with. According to my calculations, if you were to lease a 3006 Chrysler 300 Limited AWD with an MSRP of $35,600 and a selling price of $33,230 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $471. With a $2,500 down payment, which I highly advise against, the payment for an otherwise identical lease would drop to around $401. As you can see, the deal that you were quoted is terrible. Man, what's with Chrysler dealers gouging consumers so badly on the 300 anyhow? Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 17, 2005 3:06 am) |
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No problem maxrider. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what this car's selling price is. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Oct 30, 2005 5:59 am) Greetings & thanks, Here is the deal: 300 Limited AWD MSRP $36875 Selling Price $33472 39 month/39k miles, Trade-In +$1950
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Replying to: maxrider (Nov 03, 2005 5:30 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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