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Prices Paid: Buying & Leasing Experiences Chrysler Town & Country Lease Questions
281 messages, Last post on Aug 02, 2008 at 3:25 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: bobtnj (Mar 28, 2008 10:04 pm) Dealer is Seaview Chrysler in Eatontown, NJ. OK.... so my wife went there Friday night and drove the vehicle. She liked it. So we went together Saturday. I drove it. Thought it was pretty nice. We liked the gadgets. So we went in to discuss the numbers. This, of course, as I suspected, is where it fell apart. Now, I can't completely blame them. For one, I did not think of all the angles. ALSO, a big big mistake on my part is that I misread the ad. The $199/mo with $1999 down was for a DODGE!! Dumb on my part? Yes. But, at the same time, I can't help but wonder why in the world I would get an ad from a Chrysler dealer that included a BS lease number for a Dodge. The sales manager admitted it was deceiving. Here the picture was of a T&C, the ad had the name of their Chrysler dealership at the top, yet the fine print stated Dodge Grand Caravan SE New Day edition. The angle I missed was the shuffling of the rebates. Whereas I was giving up the $1k loyalty rebate in exchange for $1500 off my current lease contract, the advertised lease deal included $1k off for loyalty. SO, if I wanted that advertised number, I needed to come up with the difference since my loyalty was going towards my current lease. Seems obvious now, but I just didn't see through the smoke and mirrors clearly. Anyway, long story short, while I was a bit peeved, it was mostly at myself. I mean, I knew it sounded too good to be true. I do fault them for not clarifying sooner. I never hid the ad. When I called, I stated the terms. I said this was on a signature series and its $1999 down and $199/mo. Salesman checked with the manager, called me back, and said the ad was accurate. So that was really just a flat out lie or stupidity on their part. But, putting that aside, they really did try to make the deal happen with the real-world numbers. And we wound up not all too far apart in the end. I believe it was around $4k down and $329/mo, if I'm not mistaken (and, let's not forget, over $2k of that was going toward our current lease, so if that was out of the equation, we're talking about $1700-$1800 down and $329/mo on a sig series, if I'm not mistaken). So, really, about $80/mo more than I expected based on the ad (which was for a Dodge, anyway). The end result is that my wife likes the vehicle and wants one. Which is a good thing. I've been trying to get her in a minivan for a LONG time, and she just keeps insisting on SUVs. So, I believe when our lease is nearly up in Aug or Sep, if the rebates are decent, we should be able to lease a T&C for the price we are after. |
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Taking delivery of an ordered T&C Signature next week. Can you let me know what the current money factor and residual's are for this vehicle? Thank You. |
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Replying to: aunixguru (Apr 01, 2008 2:05 pm) Thanks for any info, LDunk
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Replying to: ldunk99 (Apr 02, 2008 3:21 pm) You can also ask the salesman at a dealership to show you the sheet that lists all the rebates and incentives. Keep in mind that some of these are different for a lease than a sale. I really don't know why it is so difficult to find out the exact rebates and incentives. Hope someone can answer this. |
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My recent leasing experience showed me that there is little disclosure regarding the details of the lease at most dealerships. The six dealerships I contacted all just gave me the MSRP, the cost per month, length of lease and miles per year. To find out the residual or the money factor, I had to ask. None showed me how they arrived at the monthly payment. From my previous leasing experience I felt that there were Federal Regulations regarding disclosure of lease details. I recently did some research and found some information. I strongly recommend that anyone who is considering leasing or in the process of leasing do some research. I found an interesting article on the website of The Automotive Dealership Institute entitled Automotive leasing in todays market. In the article it refers to Regulation M which was adopted in 1998 under the Federal Consumer Product Agency. You can find it as follows: www.autodealerinstitute.com/news/automotive-leasing-in-todays-market. You might want to mention this regulation and the disclosure requirements when negotiating your lease. If that link does not take you to it, just type it in Google and you should get a link to it. |
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Replying to: aunixguru (Apr 01, 2008 2:05 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Apr 08, 2008 3:39 am) I am planning on only 12,000 a year. How does that affect the rate? Is the $1500 you mentioned in additon to the $1500 national on T&C and $1000 lease loyalty for a total of $4000? Thanks again carman.
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There is a new lease offer on Chrysler.com in my area (NJ - Monmouth County). It offers a Town and Country signature edition for 299/mnth plus $1999 due at signing for 27 months. Car_man, could you please tell me the money factor and residual on this deal. In addition you please tell me the money factor and residuals for the T&C signature edition for 36 months for 10K and 12K miles per year. Thanks for your help!
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Hi all, first post at this forum. I was looking at a T & C Touring last night with the New Day Package plus Nav. The dealer offered me invoice - 1500 for the national rebate and - 1000 more for trading in an Odyssey so the price was 28390 at that point.. The numbers came out to $404 / mo for 12k miles and 36 months with no money down (they are rolling the normal first payment + license into the lease so I have nothing due at signing).. Does that seem like a good deal? I've never done a lease before but it seems like a lot of car for the money. Can't believe all the features I get compared to a comparably price Honda Ody. I know some people say Honda's last longer but if I'm getting a 3 year lease, what's the difference and also, my 2002 Ody is having some pretty suspect tranny problems and I'm getting jerked around a bit by Honda on that even though I have an extended warranty. Anyway, if any of you car guys could tell me if that sounds like a reasonable deal, I'd appreciate it. Thanks! Also any obvious pitfalls about leases that a noob like me may not have thought of?
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Hi, This is my first post...I am following quite a few posts  . I am looking for T&C lease..here is what I have so far... T&C Touring w/ Leather and two DVDs (no navigation) MSRP $32,500 (rounded) Invoice $30,000 After all rebates $28,850 Resale value $21,000 Lease term 27 months Total Miles 23,000 Monthly payment $369 and $0 down I am not convinced about invoice price. It was hard to find similar model configuration on any online resource. Could any of you tell me if these numbers make sense? Funny thing was...dealer even did not show me any other models for the van!? Is this common? Thanks!
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