- #199 of 281
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Leasing 2008 Chrysler T&C Touring Signature Series with Swivel and Navi
by apadmana
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May 27, 2008 (4:31 pm)
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I am trying to lease a Leasing 2008 Chrysler T&C Touring Signature Series with Swivel, Navigation dual DVD with 5 dvd changer, MyGIG, leather interior in Raleigh, NC. I was quoted $375 with $900 down for 36 months and residual value of $16000. Does this sound like a good deal?
Can folks out there help me on arriving at a good price? Any options to get a better deal?
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- #200 of 281
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Re: Leasing 2008 Chrysler T&C Touring Signature Series with Swivel and Navi [apadmana]
by geeves229
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May 27, 2008 (5:11 pm)
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Replying to: apadmana (May 27, 2008 4:31 pm)
hard to say if it is a good deal. I can tell you that they should be using a 50% residual, and .00140 money factor. Don't know what your tax rate is in N.C. If it helps at all I put together some numbers for a T&C signature series with an MSRP of $32,500. I am not positive that I am figuring these numbers correctly because I have had a couple quotes around $425 a month with $0 down.
MSRP-32,500
Negotiated Price-27,200 (including $3000 rebate)
50% residual of MSRP=16,250
Cap Cost- (27,200-16250=10,950)
10,950 / 36 months= 304.16
Money Factor (27,200+16,250= 38,150*.00140=60.96)
304.16+ 60.96=365.12 (Total without tax)
365.12 * 1.0825(New York State Sales Tax)= $395.24
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- #201 of 281
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Is this right????
by geeves229
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May 28, 2008 (8:40 am)
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I spoke to a internet sales manager today that told me that Chrysler has a $700 "acquisition fee". I stated that I believed it was the destination charge ($770)he was referring to, but he stated that they are different charges. He stated that chrysler financial charges it as part of a lease, but I have never heard of it before. Does anyone know if this is a legitamate charge, or can it be waived????
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- #202 of 281
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Re: Is this right???? [geeves229]
by dodgehappy
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May 28, 2008 (8:46 am)
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Replying to: geeves229 (May 28, 2008 8:40 am)
I am pretty sure all leasing companies charge an acquisition fee as part of doing business. For the most part I do not think they are waived. The ones I have seen tend to be in the $550-800 range, but most around $600-700. Someone please correct me if I am incorrect!
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- #203 of 281
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Re: Is this right???? [geeves229]
by fredm6
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May 28, 2008 (10:12 am)
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Replying to: geeves229 (May 28, 2008 8:40 am)
I leased my T&C in March and when I signed the papers there was an acquisition fee of $700 listed. I had not heard of it before, but at that point it was too late for me to get out. Sounds like they are all doing it. It is crazy to have to pay that amount just to acquire a vehicle. After my own leasing experience in March and my Daughters last week, all that I can say is that it is a "jungle" out there when it comes to buying or leasing a vehicle today.
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- #204 of 281
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Re: Is this right???? [dodgehappy]
by fredm6
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May 28, 2008 (10:18 am)
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Replying to: dodgehappy (May 28, 2008 8:46 am)
I just did a search on Google and found an excellent explanation of lease acquisition fee. Go to Google and type in "lease acquisition fee" and then you should see about the fourth down "Earl Stewart on Cars, Lease Acquisition Fee". Hope this helps. It seems that it is just a profit for the banks or leasing companies and all of them are doing it.
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- #205 of 281
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Re: Is this right???? [fredm6]
by dodgehappy
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May 28, 2008 (10:27 am)
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Replying to: fredm6 (May 28, 2008 10:18 am)
And the dealers can usually mark up the acquisition fee some too to make more profit… it never ends!
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- #206 of 281
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Re: Is this right???? [dodgehappy]
by geeves229
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May 28, 2008 (5:02 pm)
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Replying to: dodgehappy (May 28, 2008 10:27 am)
Thanks for the info. It never ends with the suprises.... I have two dealerships telling me that they can do a money factor of .00087. I thought the money factor is suppose to be .00140. I would not be complaining if I could get a lower interest rate, but it is not consistant. Does anyone know if the .00087 money factor is available, or are they just using it to lure people into the dealership???? I am looking to lease 3 years/ 12k a year.
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- #207 of 281
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Is this a good deal?
by jensen3
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May 31, 2008 (8:21 am)
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Replying to: Car_man (Aug 31, 2005 3:36 am)
I met yesterday with my local dealership here in South Dakota. He offered me a lease for $390/month (10,500/miles/year) for an 08 T&C Signatures Series with a sticker of $32,760.
PLEASE HELP!
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- #208 of 281
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Re: Is this a good deal? [jensen3]
by fredm6
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May 31, 2008 (11:37 am)
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Replying to: jensen3 (May 31, 2008 8:21 am)
It is really hard to tell now since the $2.99 gas deal has been made part of the incentives. I leased in March for $394 per month , 12,000 miles per year for 36 months, with about $700 up front which included the first months payment, taxes on the rebate (state) and doc fees. I have seen better deals than mine on this forum.
How much are you paying at delivery? Are you getting the $2.99 gas deal for 36 months. What rebates are you getting? I feel that you should get at least 12,000 miles per year. Does your payment include taxes?
Do you have a trade?? I would hold out for a better deal. If you take the gas deal you will get less in rebate. Let us know what you do.
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