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Chrysler 300 Lease Questions
228 messages, Last post on Jun 24, 2008 at 2:44 AM
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Dear Car_Man, I received the following proposal: MSRP $46,745 36 month lease 15,000 miles per year SRT OPTION GROUP 1&2 Residual value 47%, $20,181 Cap Cost $42,939 Lease Money Factor 0.00165 Drive off costs $1811 (includes the following) 1st month $759.68 Fee & Ins $371.75 Upfront taxes $55.28 Cap reduction (cash) $625 Tax Rate 8.25% Total monthly payment: $759 Checking your previous responses, the money factor looks okay, but the residual is too low. Your advice would be greatly appreciated whether or not this is a good deal. Many thanks!
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That monthly payment is insanely high. Also, with the $2000 - $3000 rebate on that car, you should get it at around $39000. I just got a quote on the exact same vehicle at the following: MSRP - $46745 Cap Cost - $39000 Residual (3 year, 12K miles per year) - 58% Money Factor - .00165 Based on the above, my payment is less than $500/month with NO money down. There are a TON of these SRT8's left, don't pay anything over $39000. Check on EBay; they are going for thousands under Invoice.
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Replying to: andre1 (Nov 07, 2006 3:32 pm) Thank you so very much for the feedback (and quick too)! Is the dealer that quoted you in the Los Angeles area? If so, I would like to call them. Thanks again. |
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Mrdrifty, Unfortunately, the dealer I quoted is on the east coast, so I'm not sure about west coast dealers. But, you should still get the payment much closer to $500/month. Check on carmax.com. They have new 300C SRT8's at their LA dealer for $7000 off MSRP. And you can lease from them also. Print it out and force your local dealer to match the CarMax no-hassle price.
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Replying to: andre1 (Nov 08, 2006 9:09 pm) |
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Are these the current lease numbers for Chrysler 300C AWD or did they change? i.e. Lease Cash / Rebate = $3000 Money Factor = 0.0165 36 months, residual = 56% for 15,000 miles Thanks... Also what is the markup, i.e. is it reasonable to negotiate invoice price and then apply the lease cash to a lease. Thanks
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Could you please verify some numbers for me. 2006 300C 36 month lease MSRP $35350 Net cap cost: $30362 (includes $3000 rebate) Upfront: $767 12000 miles per year Residual: 56% money factor: .00203 Payment of $395 Also, I see that they are making me prepay and finance the up front sales tax on the entire deal. is this normal? Thanks
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Car_Man, On another site, I found reference to Chrysler offering $2000 customer cash (Type 1, program 74C61) and $2000 lease cash (Type L, program 74L61) on all remaining 2006 300C (including the SRT-8). Can both of these be used on a lease for this vehicle? Thanks.
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I have been in the process of searching for an SRT-8. I am on the West coast of Florida. A previous subscriber stated there are a lot of these left on lots. Let me tell you this is 100% true. One dealer in Orlando has 15 06's left. Most dealers I have researched have 3 to 6 of these units left. They seem to be ready to deal. $2K rebate + $1k Old Age Unit Rebate. $1K Chrysler Financial money went away. My question is are the residual values for this car still at 56% for 36 months (15K) and are the monet factors at .00165? Thanks
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The link below has the rates for the SRT-8 slightly changed in November to 55% residual and .00163 money factor. Also, you should easily get $7000 off MSRP on the 300C SRT-8 when all rebates are factored in. CarMax new cars has some of them at almost $8000 off MSRP. http://forums.roadfly.com/forums/financing/8106455-1.html" target=_blank>link title |
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