- #260 of 286
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Re: Money Factor and Residual [lklein1]
by Car_man HOST
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Jul 22, 2008 (1:54 am)
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Replying to: lklein1 (Jul 07, 2008 6:34 pm)
Hi lklein1. According to the latest information that I have seen, Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Chrysler Town & Country Touring with 15,000 miles per year .00162 and 54%, respectively. The numbers for an otherwise identical 36 month lease of this van are .00154 and 46%.
When negotiating your lease, make sure to take advantage of the $2,500 to $3,500 lease cash (the amount varies by region) and $500 bonus cash that Chrysler is currently providing on this model.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #261 of 286
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Re: Money Factor and Residual [Car_man]
by iamfrank
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Jul 22, 2008 (6:31 am)
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Replying to: Car_man (Jul 22, 2008 1:54 am)
I just received another $1k certificate yesterday in the mail. Does Chrysler really expect me to PAY for their vehicle?!?!? Additionally, around here (Detoilet, Michigan) ... 27 months is a better value than 24 or 36 month leases.
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- #262 of 286
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Re: Money Factor and Residual [iamfrank]
by vs2424
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Jul 22, 2008 (12:00 pm)
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Replying to: iamfrank (Jul 22, 2008 6:31 am)
Ummm, Hi IamFrank,
I would be more than happy to take that $1000 coupon off your hands
if it's transferrable. I will be a first time Chrysler customer. I am nervous if anything goes wrong with the minivan because I hear the dealer service dept. is beyond horrible. Do I have to go to a dealer to get my service done if leasing? 
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- #263 of 286
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Re: Money Factor and Residual [vs2424]
by fredm6
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Jul 25, 2008 (5:15 pm)
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Replying to: vs2424 (Jul 22, 2008 12:00 pm)
It was just announced today on NBC Evening News that Chrysler is getting out of the lease business due to the declining value if used cars, especially minivans, trucks and large SUV,s. I am glad I leased in March. Anyone else know anything about this?
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- #264 of 286
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Re: Money Factor and Residual [fredm6]
by iamfrank
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Jul 25, 2008 (5:57 pm)
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Replying to: fredm6 (Jul 25, 2008 5:15 pm)
Roomer Mill around here in Detroit (Detoilet) is Chrysler's new slave master ... Cerberus actually wants to make money on Chrysler products. They can't make money subsidizing their lousy resale values on their vehicles .. .hence ... out of the Leasing business ... temporarily we think. Also they own/have an ownership in GMAC and we believe GM is next in line. This really stinks because my T&C is due next week and I cannot get near the $189 w/tax that I am paying currently. I am being quoted $340 ... which is forcing me to look at Honda.
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- #265 of 286
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Re: Money Factor and Residual [vs2424]
by iamfrank
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Jul 25, 2008 (6:02 pm)
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Replying to: vs2424 (Jul 22, 2008 12:00 pm)
I usually only lease Chrysler products for 27 months. Anything that goes wrong .. (ie. rear power door, rear interior plastic molding that fell off, weather stripping around rear hatch, having to duck under the weather stripping while getting in the car) will be returned to Chrysler in that manner next week. I had it in once for the ubiquitous low tire pressure light (in the winter which was never remedied) and they replaced my front suspension for some reason.
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- #266 of 286
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Re: Money Factor and Residual [Car_man]
by iamfrank
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Jul 25, 2008 (6:07 pm)
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Replying to: Car_man (Jul 22, 2008 1:54 am)
Here is what I just received for 27 months; 15k:
Touring: .00137 and 53%
Touring Signature: .00187 and 53%
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- #267 of 286
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Re: Money Factor and Residual [iamfrank]
by lklein1
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Jul 25, 2008 (6:23 pm)
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Replying to: iamfrank (Jul 25, 2008 6:07 pm)
Omg, unless you pull the trigger over the next few days it isn't going to happen with Chrysler Financial. I can't believe they are going to stop leasing. My local dealer has 60 2008 Town and Country's on the lot. These are going to take forever to sell. What are they thinking?
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- #268 of 286
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Money Factor and Residual
by sgallimore
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Jul 25, 2008 (7:50 pm)
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I was debating whether to lease a '08 or buy my '05 after lease. It has 30k miles and I know the owner.. me. Chrysler Financial called on Monday - I was 11 days away from turning it in or buying and they offered me $2,200 off the residual if I would buy it.
Plus, they took off the $400 security deposit immediately. I couldn't pass it up. Took the local Business Manager at the dealer a while to accept it. What a sweet deal!
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- #269 of 286
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Re: Money Factor and Residual [sgallimore]
by iamfrank
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Jul 25, 2008 (9:08 pm)
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Replying to: sgallimore (Jul 25, 2008 7:50 pm)
Duuuuuuude ....
Those are disposable' cars ... I made the mistake of buying the minivan off the lease and had to dump it less than a 1.5 years later because of all the problems the vehicle had.
I would lease the '08's...
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