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Chrysler 300 Lease Questions

231 messages,  Last post on Jul 28, 2008 at 11:16 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#54 of 231
300 Touring SWD 2006 Lease..Help! by genie0120
Feb 16, 2006 (8:26 pm)
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Car Man I need your help! I am from Pittsburgh PA and spent the whole day today trying to run numbers with a dealer to lease the 2006 300 Touring AWD. (it is not the "C" or SRT8) Quote price was 32,205 with a "selling" price of $30,900 (claiming that was their invoice price and that is what they would sell it to me for)
 
36 months lease, 12,000 miles, $700.00 down (just for first month, tax, etc) came out to $539 including taxes. After reading,,,I feel a little beat! (I was seconds from taking the car home,,glad I didnt!) Can you please calculate this for me and see what you come up with!
 
Thanks for your help!
G
#55 of 231
Re: What questions must I ask the dealer before.... [Car_man] by radar521
Feb 20, 2006 (7:12 pm)
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Replying to: Car_man (Feb 09, 2006 4:53 am)

CarMan, learning alot reading this site. 2006 300C AWD 5.7, Invoice $40,254, dealer goes to $37,400, 36 mos, 12K, I want to put inception costs down only. Can I expect to lower sales price further or is that unrealistic? What would be the residual & money factor if I purchase by 2/26/06? Dealer is loaded with cars, showroom under construction, doesn't have my color but for the right deal I would choose my second. Thanks.
#56 of 231
Residual Value 58% by radar521
Feb 21, 2006 (10:22 am)
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CarMan, can you tell me what the residual value is 58% of on the 300C AWD 5.7, 36 month lease. Is it MSRP including options or Invoice including options? Currently have offer of $505.16 x 36 months, $1000 out of pocket to cover 1st month, reg, plates, all taxes included. Wondering how RV percentage was calculated to arrive at the actual RV. Thanks
#57 of 231
Re: 06 300C Lease [sah2] by Car_man HOST
Mar 08, 2006 (3:55 am)
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Replying to: sah2 (Feb 15, 2006 10:38 am)

You're very welcome, sah2. I'm glad that I was able to help you out. Thanks for taking the time to stop back and let us all know how everything turned out. Enjoy your new ride!
 
Car_man
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#58 of 231
Re: 300 Touring SWD 2006 Lease..Help! [genie0120] by Car_man HOST
Mar 08, 2006 (4:00 am)
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Replying to: genie0120 (Feb 16, 2006 8:26 pm)

I'd be happy to work up a lease payment on this car for you, genie0120. According to my calculations, if you were to lease a 2006 Chrysler 300 Touring AWD with an MSRP of $32,205 and a selling price of $30,900 through Chrysler Financial right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $459. As you can see, the payment that I came up with is quite a bit lower than the one you were quoted, even if it includes tax. Make sure that the dealer you are working with is using a money factor of .00241 to calculate your car's payment.
 
Car_man
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#59 of 231
Re: What questions must I ask the dealer before.... [radar521] by Car_man HOST
Mar 08, 2006 (4:05 am)
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Replying to: radar521 (Feb 20, 2006 7:12 pm)

I'm glad that you have learned so much by visiting this site, radar521. If I am reading your post correctly, you are getting this car for several thousand dollars below dealer invoice. If this is the case and you didn't mislabel the MSRP as the invoice price, you are getting a very good deal and I doubt that you will be able to get a better price than this. If you were to lease a 2006 Chrysler 300C 2WD through Chrysler Financial right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00216 and 58%, respectively.
 
Car_man
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#60 of 231
Re: Residual Value 58% [radar521] by Car_man HOST
Mar 08, 2006 (4:07 am)
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Replying to: radar521 (Feb 21, 2006 10:22 am)

Hey radar521. Vehicles' residual values are always a percentage of their full MSRP, including the destination charge and the MSRPs of any factory-installed options. A few banks, like Toyota Financial Services have strange residualization policies, but this is how it works with most captive finance companies, including Chrysler Financial.
 
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#62 of 231
300C AWD money factor & residual by fredg5
Apr 06, 2006 (6:18 pm)
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Hey CarMan - you're the best answering all these questions!
 
Can you answer one for me? I'm looking at a 300C AWD for 15k miles, 36 months in the Philadelphia area. What kind of money factor and residual should I be expecting?
 
Thanks!
fredg5
#63 of 231
Re: 300C AWD money factor & residual [fredg5] by fredg5
Apr 07, 2006 (7:27 am)
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Replying to: fredg5 (Apr 06, 2006 6:18 pm)

CarMan -
My dealer gave me a quote of 36 months, 56% residual, and a .00246 Money factor with a payment of $642 on a 300C AWD with an MSRP of 41310, with a cap cost of 39005. How does that sound?
 
Thanks again for all your help!

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