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Chrysler Town and Country, Car Leasing, Van
#321 of 407 Re: Leasing 2011 Town and Country Touring L [boomer15]
Mar 15, 2011 (12:28 pm)
I just leased a Chrysler Town and Country Touring L, 36 months, $428.72 per month with $731.22 due at signing. The MSRP was $$35,780. This included rebates totaling $3,250. There was no security deposit and no disposition fee at turn in. I do not have the figures on the residual or the money factor. My 2008 Touring Walter P edition lease is up March 19th, so I did not have much time.
I had leased my 2008 Touring for $394 per month, but it had a disposition fee at turn in of $425. Since I rolled over into another T&C this fee was waived.The 2011 Touring L had a higher MSRP than my 2008 and the L has been upgraded with some things I did not have on the 2008. From what I could learn there is no Walter P edition this year. Not sure if this is a good deal, but I have not seen any super deals out there now.
Be careful when you shop for a 2011 T&C Touring L. Many dealers are ordering there vans with a Tech Equipment Credit showing a minus $1,100 on the sticker. This makes you think you are getting a discount of that amount such as you got on the Walter P Edition. Actually they have removed some very important safety items such as blind spot monitoring, cross path detection, smart beam headlamps, premium tire pressure monitoring and park sense rear park assist. These are listed as standard equipment on the Touring L, but when this Tech equipment credit is on the sticker, these are not built into the van. It is actually a ploy to reduce the MSRP of the vehicle. I have never seen a sticker with a minus on it that removed equipment. Some dealers are ordering all their vans this way.
#322 of 407 Re: Leasing 2011 Town and Country Touring L [fredm6]
Mar 15, 2011 (7:48 pm)
Thanks for the info! Though that is over $100/month more than I'm paying now... ouch! How many miles is that lease for? Do you have any idea what you got for residual and rate? Just for comparison purposes?
#323 of 407 Re: Leasing 2011 Town and Country Touring L [jensen3]
Mar 16, 2011 (6:29 am)
Hi, My new lease is for 12,000 miles and 36 months. My previous lease on the 2008 was for 15,000 miles and 36 months. I got a quote on 15,000 miles and it would have added about $20 a month to the new lease. Since I did not use all my miles on the 15,000 miles lease I opted for the 12,000. If you do need the 15,000 miles though it is much cheaper to do it up front instead of paying for the miles over 12,000 per year.
It is difficult to compare my 2008 lease and the current lease on the 2011. The MSRP on my 08 was $34,165 before incentives and the 2011 is $35,780. The 08 was a Walter P Edition that gave me the DVD Entertainment Group discount of $1,525. I also received a total of $4,250 in various rebates and customer cash. The incentives are not nearly as good on the 2011's. This time my total rebates were $3,250. These incentives are really hard to find. Edmund's only shows an incentive of $750. There is an additional $2,000 plus and Auto show discount of $500.
It is also very difficult to compare the MSRP's of the 08 and the 2011's.
The Touring L includes several standard features that were either not available in 08 or were options. The air conditioning/ heating now includes the automatic system that was only available on the Limited before. The 2011 also has a new engine (3.6 liter Penstar) as standard. In 08 you had three engine options and the more powerful engine was an extra cost option. The 2011 also has a six speed transmission. There are also several other standard improvements that were either not on the 08 or were options.
It really takes a lot of study to figure out all of this.
As for the residual , I believe it is in the 35 or 36 percent range. I do not have the money factor, but will post it when I can get it.
I did not have time to do a lot of shopping, but the ads that I have been reading do not show much different that what I am paying. They will often show a lower monthly payment, but want more money up front (cap cost reduction) and it is often on a van with a much lower MSRP. I also checked ads for Toyota Sienna and Honda. They are usually advertising a van with a lower MSRP or the cheapest level. They will say $299 per month with anywhere from $1999 to $3,000 due at signing. It also says that taxes and fees not included. Not sure if this means taxes on the monthly payment of not. Good luck in your shopping and let me know what you find.
#324 of 407 Re: Leasing 2011 Town and Country Touring L [boomer15]
Mar 19, 2011 (6:58 am)
I just took delivery of my 2011 T&C Touring L yesterday. Got a pleasant surprise, when the Manager told me that there was an another $500 rebate. Chrysler is currently having a Premier Event, which runs from March 16th through March 23d. This made my total rebates $3750. I have found out as I said in previous posts that the Touring L has lots of standard features that were not available before or were extra cost. You need to check it out and do your homework. I also priced Honda Odyssey and Toyota Sienna for a comparable model with same equipment. Could not believe how much more the price and lease payment would have been.
#325 of 407 Great Deals going on now
Mar 19, 2011 (7:02 pm)
We just got a 2011 T&C Touring-L with Dual Screen DVD and a 430N (with the Garmin NAV)
Res of 49%
MF of 0.032 (0.77%)
12k/miles 36 month
We paid a total of $2600 (for Tax and 1st months payment) up front and our lease payment is $387/mth. Sucks that in IL we pay tax up-front on the full price of the Van, we do not get to just pay tax on each payment.
We got $3250 in discounts and negotiated them down another $5457 (Including them paying for title, license, doc fee and any other fee's. The total out the door price before any discount was $39603, total discounts was $8707. No security dep no turn in fee. Adjusted cap cost $30896.
Very happy with the deal apart from the 1 1/2 hour it took from the time we said yes and shook on it and the time we drove away.
#326 of 407 Re: Leasing 2011 Town and Country Touring L [fredm6]
Mar 20, 2011 (4:14 am)
OK. Patients works. $2,500 down (w first payment) and $304 wtax per month with a car rental warranty included (I wanted this because my last one broke down a lot and we keep being without a car). MSRP $34,500.00. 12000 mpy. Touring with DVD, Nav, blackberry pearl and most of the bells and whistles. Only 1 TV (who cares) and no leather (big whoop). Even a smoother drive. I like it.
#327 of 407 Re: Leasing 2011 Town and Country Touring L [boomer15]
Mar 20, 2011 (6:46 am)
Sounds like you got a good deal. Wish I had more time to shop and compare. Hope you like the new features on the 2011.
#328 of 407 Re: Great Deals going on now [john_2011]
Mar 20, 2011 (6:54 am)
Your deal was better than mine. Sorry you had to pay all tax up front. My payment included the tax just on the period of the lease. Had to pay taxes up front on the $3750 rebates though. That was $262.50. Some other brands in our area are advertising low monthly lease payments and then in fine print it says "taxes, fees, etc not included". I tried to compare my deal with one for a similar Honda and Toyota Sienna. Very difficult due their options and trim levels. I did find out that my payments would have been well over $500 per month and I could not get some of the new safety tech features that are on the T&C.
#329 of 407 2011 T&C lease - Touring L
Apr 04, 2011 (6:29 am)
Seems we're all pretty much in the same ballpark from what I've read. Should give people a decent idea of what to expect or how much. Here's how my lease went.
Picked up my lease last week. Returned my lease on a 08 grand caravan. New lease is on the Touring L MSRP 35,015. Leather (which of course is what the "L" is for), dual DVD option, 1yr sirus radio and 1yr sirus tv, (no NAV), Power third row option which I didnt care about but happen to be in the van I liked. Sticker of 35,015 was after that minus 1,100 tech credit for the same few options already mentioned in this post. Seems thats more common than I thought.
Anyway heres what I paid. Insentives totaled 3,250. My total out of pocket was 2,500 and my payments are 385 for 36 months with 15,000mpy. They also are making my last 4 payments on my 08caravan which totaled 1,300.
I could have paid 10 more a month for the nav but I already have a portable one so even though 10 more a month wasnt much I felt it was a waste of 360 to do so. On the van with the nav I would have lost that thord row power stow seat. Not that I cared about that option but point being is that the price of the van didnt change much and I would have basically paid 10 more a month (360) for the same priced sticker.
I think over all in the end it was a pretty good deal. Two other dealers I went to. First one couldnt come close at all and the second was better than the first but still unable or unwilling to beat or even mach the deal I had and that was after going back there with the deal.
#330 of 407 2011 Limited Lease
Apr 14, 2011 (11:17 am)
We just leased a new 2011 Limited last night. my wife has the paper work so this is from memory, but the important part is at the end.
after a long and fun negotiation we got to the following deal.
MSRP $39,495 Sales price $36,181 ~ $1,000 under invoice
They gave us an extra $1000 for our trade then they wanted to. we traded in an 08 Mazda CX9 with 3 months left on lease. the buyout for the lease was $20,995 they gave us $23,000. the car was a little rough also
the residual on the lease was 48% on 10k miles
and the money factor APR was .77
with taxes title and incentives
we put $2,500 down and are at $430 per month.