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Dodge Caravan Lease Questions

67 messages,  Last post on Jun 09, 2008 at 9:33 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Dodge Caravan, Dodge Grand Caravan, Car Leasing, Van


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#14 of 67
Under $200/month, 0 down? by backy
Mar 18, 2006 (8:45 am)
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Has anyone seen a Grand Caravan SXT lease deal at less than $200/month, with 0 down? I am seeing some close to that in my town, e.g. $219/month, and several dealers are offering $99/month with $2990 down. I qualify for the DC partner program (1% under invoice) so that could shave a few bucks off.
 
Does anyone know, if a leased car is totalled, what happens? Is the vehicle replaced with another or ???
 
btw, the dealers I talked to all mentioned the $425 disposition fee and made it sound like it was non-negotiable.
#15 of 67
Re: Under $200/month, 0 down? [backy] by Car_man HOST
Apr 03, 2006 (4:35 am)
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Replying to: backy (Mar 18, 2006 8:45 am)

Hi backy. If a leased vehicle is stolen or totaled during your term, you don't get a new vehicle. Your lease is essentially over and your insurance company will pay what it feels is the current market value for your totaled vehicle. If this amount is less than you owe on it, and you have gap insurance you are fine. If you don't have gap insurance, you would have to pay the difference out of your own pocket. Like I said though, either way you aren't getting a new vehicle unless you buy or lease another one.
 
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#16 of 67
Re: Under $200/month, 0 down? [Car_man] by backy
Apr 03, 2006 (6:04 am)
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Replying to: Car_man (Apr 03, 2006 4:35 am)

Thanks for the reply. I think the Chrysler Financial leases have gap insurance, but in any case it appears 0 down and no acquisition fee is the way to go on leases. That way if the vehicle is totalled, the potential loss is lower.
#17 of 67
Re: Under $200/month, 0 down? [backy] by Car_man HOST
Apr 21, 2006 (9:17 am)
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Replying to: backy (Apr 03, 2006 6:04 am)

You;re very welcome, backy. Let me know if you have any other questions.
 
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#18 of 67
Leasing help on 2006 Dodge Grand Caravan by brum
Jun 06, 2006 (7:20 pm)
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Hi, this is my first post so please bear with me. We are looking at a 39 month lease, zero down, 12k or 15k per miles per year. It is an SXT with 3.8 and MSRP of $27,830. Residual of $12,245 and $11,688 resp. I was quoted a monthly lease payment of $364 and $378. This appears to be high to me, what should I expect as a good rate with today's rebates, etc?
#19 of 67
Re: Leasing help on 2006 Dodge Grand Caravan [brum] by arthurking
Jun 08, 2006 (5:11 pm)
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Replying to: brum (Jun 06, 2006 7:20 pm)

well, I bought a 06 DGC SXT, but I did pay attention to leasing option, too.
During memorial day, I saw one of my local dealer has a leasing offer like $249 a month for 27 month with zero down. I think that is a pretty good offer. $364 for 39 months? definitely too high!
#20 of 67
Re: Leasing help on 2006 Dodge Grand Caravan [brum] by Car_man HOST
Jun 11, 2006 (8:21 am)
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Replying to: brum (Jun 06, 2006 7:20 pm)

Welcome brum. If you were to lease a 2006 Dodge Grand Caravan SXT through Chrysler Financial right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00116 and 43%, respectively. The money factor for a lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher. When negotiating your lease on this van, make sure to take the $4,000 lease cash that is currently available on it into account. DaimlerChrysler also has loyalty incentives on it for returning customers.
 
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#21 of 67
Re: Leasing help on 2006 Dodge Grand Caravan [Car_man] by brum
Jun 13, 2006 (7:40 pm)
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Replying to: Car_man (Jun 11, 2006 8:21 am)

Thanks for the info Car_man. I have had several discussions with a dealer and this is what I have so far...MSRP $28,000, selling price $21,455. 12K miles $298 for 27 or 39 months and 15K miles for 310 27 or 313 39 months. This is with $4000 in rebate and $750 as a current Dodge owner. I note in your post #6 to Deejay2099 you calculate the monthly 241 so the figures I have still appear high. I am having trouble relating the buy rate lease factor and residual % to the monthly payment. Should I expect to be able to attain a monthly payment of $240-250 zero down as calculated for Deejay? Help!
#22 of 67
Going to lease on Wednesday need some Q's answd by badtolz
Jul 11, 2006 (8:50 pm)
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Going to lease a 2006 grand caravan sxt. Lease with a trade in on my vehicle ($1900.00)
Here are the specs
1. Used with 7900 miles
2. 3.8 engine
3. Customer Preferred Package - Leather Interior Group
4. Premium Group
5. Power Sunroof
6. 6 Disc cde/dvd changer
7. 1 Yr Sirius Salellite
8. Rear Seat Video System
 
Base Was $27,100
All options was $34,000
 
Vehicle price came to $27,000 because it was a Demo Vehicle.
Got a CAP RED REBATE OF $2500
Trade of my car $1900
 
There are some other numbers I don't understand but bottom line is my monthly payment is $360.00 for 39 Months.
 
How does this sound? Thanks.
#23 of 67
Dodge Caravan Base Lease by kfranci2
Oct 17, 2006 (6:22 am)
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Hi Car_man,
 
I am looking to lease a bare-bones Dodge Caravan with a list price of 20,720. I plan to offer a cap cost of $14,300. I would like to lease for 24, 27, or 36 months. I see leases advertised with 10,500 miles, which would suffice for my needs. Could you please let me know the 0 down payment, MF, and residual for the different time periods? Thank you - K

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