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Chrysler 300 Lease Questions

231 messages,  Last post on Jul 28, 2008 at 10:16 AM

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What is this discussion about? Chrysler 300, Chrysler 300C SRT-8, Car Leasing, Sedan

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#16 of 231 Re: Re: Chrysler 300: Lease Questions [mschiavone] by mschiavone Oct 10, 2005 (12:27 pm)
Replying to: mschiavone (Sep 20, 2005 9:34 am) Carman,   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?
#17 of 231 Re: Re: Re: Re: Lease Deal Question by Car_man HOST Oct 17, 2005 (2:36 am)
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
#18 of 231 Re: Re: Re: Chrysler 300: Lease Questions by Car_man HOST Oct 17, 2005 (3:06 am)
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 Replies to this message: maxrider (Oct 18, 2005 6:04 pm)
#19 of 231 Re: Re: Re: Chrysler 300: Lease Questions [Car_man] by maxrider Oct 18, 2005 (6:04 pm)
Replying to: Car_man (Oct 17, 2005 3:06 am) Thanks for the discussion - please tell me if this is a good deal - 300 Touring MSRP$29,150 / 36 month lease / $1700 down / $392 month/includes tax/ 12,000 miles per yr. thanks again MAX
#20 of 231 Re: Re: Re: Re: Chrysler 300: Lease Questions by Car_man HOST Oct 30, 2005 (5:59 am)
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 Replies to this message: maxrider (Nov 03, 2005 5:30 pm) Car_man (Nov 07, 2005 3:35 am)
#21 of 231 Re: Re: Re: Re: Chrysler 300: Lease Questions [Car_man] by maxrider Nov 03, 2005 (5:30 pm)
Replying to: Car_man (Oct 30, 2005 5:59 am) Car_man-   Greetings & thanks,   Here is the deal: 300 Limited AWD MSRP $36875 Selling Price $33472 39 month/39k miles, Trade-In +$1950 Replies to this message: Car_man (Nov 07, 2005 3:35 am)
#22 of 231 Re: Re: Re: Re: Chrysler 300: Lease Questions [maxrider] by Car_man HOST Nov 07, 2005 (3:35 am)
Replying to: maxrider (Nov 03, 2005 5:30 pm) Thanks for the additional information, maxrider. Let's estimate what this car's lease payment should be and see what we come up with. According to my calculations, if you were to lease a 2006 Chrysler 300 Limited AWD with an MSRP of $36,875 and a selling price of $33,472 through GMAC right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $478. If you were to use your trade-in allowance as a capitalized cost reduction for your lease, it would drop this car's payment to around $423. However, I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Chrysler 300 would be exactly the same, regardless of whether you had put $2,000 down, or had made absolutely no down payment at all.   Car_man Host Smart Shopper / Prices Paid Forums
#23 of 231 300 Touring AWD lease by tjbennett Nov 09, 2005 (11:41 am)
Am I way off base in thinking I can get a 300 Touring AWD for around $350 - $360 month? I don't want any of the packages, except maybe a sunroof. What is the going price either leasing or buying and for how many years? Also I don't want to put anything down. Replies to this message: Car_man (Nov 22, 2005 3:19 am) tjbennett (Dec 02, 2005 10:05 am) Car_man (Dec 08, 2005 3:51 am)
#24 of 231 2006 - 300C Lease Help by greyhaired59 Nov 10, 2005 (9:34 pm)
Car_Man   Need help by 9:30AM Eastern time Friday 11/11!   Received the following final offer from the dealer today 11/10. Is this a Good Lease Price?   MSRP: $35,890   Miles: 15,000   39 Month Lease 505.36 monthly (Includes Sales Tax 6% and GAP)   $1,000 Out of Pocket at signing (Includes 1st Month Payment & Registration for term of Lease ~ $352).   I do not know any of the Lease details.   Do you know the What the Residual and money factor should be on this car?   Is this a good deal or could I have done better.   I also found out this evening that Chrysler is now giving a $1,000 cash bonus on Leases for the 300C. The dealer did not mention it. Could be why he improved his best offer late today.   How does this cash bonus usually work?   Is this a good deal with the $1,000 factored into the above?   Thanks
#25 of 231 300C Quote by govols2 Nov 11, 2005 (7:05 am)
Car_Man:   I got an internet quote from a local dealer:   2006 Chrysler 300C MSRP $38,925.00   Cap Cost $36,586.00 plus tax tag title fees (includes $1000 Off)   What should I expect for Money Factor and Residual for 36 or 39 Months?   Many Thanks, David Replies to this message: Car_man (Nov 22, 2005 3:22 am)

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