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Chrysler Pacifica Lease Questions

63 messages,  Last post on Jun 24, 2008 at 2:55 AM

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What is this discussion about? Chrysler Pacifica, Car Leasing, SUV

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#56 of 63 Did I do the right thing? by tellmethetruth Mar 06, 2008 (12:26 pm)
Hi, I just turned in my 39 month leased Chrysler Pacifica, 2005, AWD, Touring, with all the extras. I really wanted to purchase this car, but was STRONGLY discouraged from doing so by the dealership. From what I understand about Chrsyler FInancial and Chrysler Corp., there is absolutely no negotiations on end of lease purchase price. It is was it is as was outlined in the lease. Anyway, the buyout was $21 K, which when I researched the value of the car here on Edmonds, that's exactly what came up for this car in excellent shape with only 28,000 miles. But the dealer said they were re-selling these cars for around $16 K and anyone would be a "fool" to pay 21K. So, not wanting to roll over into a Chrysler lease or buy there, I just ended up reluctantly turning the car in. Now I really wonder, Did I do the right thing? I hate the thought of pouring the money into the car and letting it go, and actually I always planned on keeping it. Any thoughts or advice would be most welcome. When does it make sense to purchase your lease? Replies to this message: Car_man (Apr 08, 2008 2:48 am)
#57 of 63 Re: Trying to "buy out" my lease - HELP! [pacifica07] by Car_man HOST Apr 08, 2008 (2:36 am)
Replying to: pacifica07 (Feb 22, 2008 12:15 am) HI pacifica07. Why are you in such a hurry to purchase your vehicle well before the scheduled end date of your lease? You probably would be better off waiting to the very end to decide whether to purchase your Pacifica. By waiting, you have a get out of jail free card that will enable you to just walk away from your truck if it ends up having mechanical problems or being in an accident over the next year or so.   If your Pacifica doesn't have any problems and you still like it at the scheduled end of your lease, then place a call directly to Chrysler Financial 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". If your Pacifica's purchase option price is less than it would cost you to purchase a similar used vehicle, then you should consider buying it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#58 of 63 Re: Did I do the right thing? [tellmethetruth] by Car_man HOST Apr 08, 2008 (2:48 am)
Replying to: tellmethetruth (Mar 06, 2008 12:26 pm) Hi tellmethetruth. Some banks will occasionally negotiate the lease-end purchase prices of vehicles, while others will not. I am not familiar with Chrysler Financial's specific policy on this matter, but it would not surprise me at all if they refused to reduce your Pacifica's end-of-term purchase price. You definitely did the right thing by walking away from your Pacifica rather than purchasing it if you could purchase a similar used vehicle in the real world for significantly less than your leased Pacifica's purchase option price.   More often than not, vehicles' end-of-term purchase prices are too high and consumers are better off walking away from their car or truck at lease-end. By not overpaying for what essentially is a used vehicle, you weren't wasting money. You were actually saving yourself money.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#59 of 63 Honda Pilot - here we come by swampdragon Apr 09, 2008 (4:39 pm)
The Pacifica leased for $459.00 a month for 39 months, without tax and license, with $500.00 down, 12,000 miles a year.   The KE5969 has a CD DVD/MP3 format Radio it is not Video ready.   This is for a mediumly outfitted 2008 model   I priced a Honda Pilot VP 4wd for $335 including all fees - 500 down
#60 of 63 Lease Turn In - 2005 Pacifica AWD by michigangrad Jun 17, 2008 (8:31 am)
I am scheduled to turn in my 2005 Pacifica in September. Unfortunately, in the past week I had a flat in my driver side rear tire. According to Chrysler's turn-in brochure under chargeable events, it states, in parenthesis, all the tires must be the same size, brand, speed rating and meet the manufacturers' specifications. Am I correct that this statement means I cannot get a good used tire to replace the flat? (The dealer told me the tire couldn't be repaired).   Also, in the same week, my check engine light came on. After running the diagnostics the dealer told me that an animal chewed through the wire harnassing and as such, the downstream O2 sensor needs to be replaced. The service department also said that with a mechanical problem such as this, I would more than likely be charged to fix the problems anyway and at an increased cost. Was the service department correct in this statement?   Finally, I have 2 small burn holes on the interior, both of which can be covered by a credit card. Is this something I really need to be concerned about?   Any help and guidance would be tremendously appreciated!   michigangrad Replies to this message: Car_man (Jun 24, 2008 2:52 am)
#61 of 63 Re: "Turn In Fee" [sandyl] by pete6 Jun 17, 2008 (9:17 am)
Replying to: sandyl (Dec 31, 2007 9:33 am) I have leased for at least 25 years and this is the first lease I have ever had with a turn-in fee and mine is $450. Something else that I encountered on my last two leases is that the dealership would not negotiate with me on purchasing the vehicle I was leasing (Mitsubishi and Chrysler). Well, Chrysler would be at almost $5K over blue book value! Replies to this message: Car_man (Jun 24, 2008 2:55 am)
#62 of 63 Re: Lease Turn In - 2005 Pacifica AWD [michigangrad] by Car_man HOST Jun 24, 2008 (2:52 am)
Replying to: michigangrad (Jun 17, 2008 8:31 am) Hi michigangrad. I personally think that you'd be fine with a used tire. As long as it is the same type of tire that is on the rest of the wheels and it has enough tread life left, how are Chrysler Financial or the inspector going to know that it was used?   An animal chewed through a wire, hmmmmm. It's possible but I'm always skeptical about diagnoses like that. If this is the case, you might be charged by Chrysler Financial...or whichever bank you are leasing through...if you return your car with the sensor on, or you might now. One never knows what the inspectors will catch or care about for certain. You certainly would technically be liable for this sort of damage. You can always roll the dice and return your Pacifica with it and see what happens. If you fix the problem on your own, you definitely will have to pay for it. If you take your chances and return the vehicle you might not. Of course, I don't know what the difference in cost between the excess wear and tear penalty and the actual cost to repair this problem would be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#63 of 63 Re: "Turn In Fee" [pete6] by Car_man HOST Jun 24, 2008 (2:55 am)
Replying to: pete6 (Jun 17, 2008 9:17 am) Hi pete6. I;m surprised that you've never had to pay a termination aka disposition fee on a lease before. Most banks charge fees like this to consumers who don't lease their next new vehicle through them.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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