- #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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- #270 of 286
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Re: Money Factor and Residual [iamfrank]
by lklein1
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Jul 26, 2008 (4:05 am)
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Replying to: iamfrank (Jul 25, 2008 9:08 pm)
Well, I'm bummed. I'm not ready to lease until October and while I could purchase a T and C with cash I don't want to for the same reason Chrysler is getting out of leasing. I guess I will be leasing a Volkwagen Routan in Ocotber -- exact same interior at T & C with Volkswagen badging. Hopefully, they wil have favorable lease terms.
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- #271 of 286
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Money Factor and Residual
by sgallimore
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Jul 26, 2008 (1:35 pm)
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Frank, what kind of problems, major?
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- #272 of 286
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Re: Money Factor and Residual [lklein1]
by iamfrank
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Jul 26, 2008 (6:44 pm)
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Replying to: lklein1 (Jul 26, 2008 4:05 am)
I'm LMAO ...
The Routan IS a Town & Country (minus Stow & Go)! It comes out of the Windsor minivan assembly plant using Chrysler's engines, transmissions, vendors for seating, carpeting ... etc. Don't be fooled by the badging (not to mention VW has terrible quality write ups in Consumer Reports as well)
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- #273 of 286
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Re: Money Factor and Residual [sgallimore]
by iamfrank
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Jul 26, 2008 (6:47 pm)
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Replying to: sgallimore (Jul 26, 2008 1:35 pm)
I had an engine vibrations that was fixed during the warranty period return and the car and engine were leaking 'stuff' all the time. I couldn't take the car in anybody's driveway without soiling it. I am trying to remember other stuff, but I'm having a senior moment.
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- #274 of 286
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Re: Money Factor and Residual [iamfrank]
by lklein1
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Jul 27, 2008 (4:31 pm)
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Replying to: iamfrank (Jul 26, 2008 6:44 pm)
Yes, that is what I am saying. The Routan is a T & C basically with VW emblem on the front. It's the same engine--so shouldn't the quality be the same just has a VW stuck on it? The only reason I would go with the Routan is because I want to lease and my current lease is up in November long after Chrysler quits doing subsidized leases.
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- #275 of 286
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Re: Money Factor and Residual [lklein1]
by iamfrank
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Jul 27, 2008 (5:53 pm)
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Replying to: lklein1 (Jul 27, 2008 4:31 pm)
I see your logic. This is my take. Chryler up until this year was forced to produce cars and attempt to make money on volume because they had to pay their UAW/CAW workers nearly 90% of their wages to watch Oprah. Now they are under a new contract and they are buying out senior union members to hire new ones at $15/hr. Chrysler will cut capacity in the future to reduce supply. I think they'll return to leasing after a cooling off period but the leases of today will be a distant memory. On the other hand, VW is one of the most profitable auto companies. Even with a new models returning high residual rates I wouldn't hold my breath and think they will offer anything that compares to what you and I are used to.
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