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Dodge Caravan Lease Questions

69 messages,  Last post on Oct 22, 2008 at 9:01 AM

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

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#6 of 69 Re: Lease info for 2006 Dodge Grand Caravan SXT [Car_man] by deejay2099 Jan 23, 2006 (12:21 pm)
Replying to: Car_man (Jan 20, 2006 3:29 am) Thanks Car_man, this really helps, much appreciated. Replies to this message: Car_man (Feb 10, 2006 2:58 am)
#7 of 69 Re: Lease info for 2006 Dodge Grand Caravan SXT [deejay2099] by Car_man HOST Feb 10, 2006 (2:58 am)
Replying to: deejay2099 (Jan 23, 2006 12:21 pm) You;re very welcome, deejay2099. Let me know if you have any other questions.   Car_man Host Smart Shopper / Prices Paid Forums
#8 of 69 2006 Dodge Caravan SXT Lease by apostle31 Feb 23, 2006 (4:35 pm)
Hi I just leased a 2006 Dodge Caravan SXT. It is a 27 month lease with 15,000 miles a year. My total payment including taxes a month is 299.75. This was a no money down lease. Only thing I paid was first months lease payment. However, I have a few problems. They told me at the end of the lease I just turn in vehicle and owe nothing. I re-read lease and I have a $425.00 turn in fee. Also, the Gross Capitalized Cost is $21,378 that amount is in paranthesis and on the right hand column is $22,269. Then you take off the 4,000 for rebates which comes down to 18,269. I thought it should be about $900 dollars less at around 17,000 for the Adjusted Capitalized Cost. This would I think lower my payment considerably. My Residual Value is 10,826 and there is also a rent charge of $196 that I dont understand. Any info on any of my questions or if this is a good lease would be appreciated. Thank You Replies to this message: Car_man (Mar 08, 2006 3:55 am) rjc1072 (Mar 15, 2006 7:36 am)
#9 of 69 SXT lease - $99/month by backy Feb 26, 2006 (1:31 pm)
A local dealer is advertising a Grand Caravan lease for $99/month, $2995 + license + first payment + tax down, for 27 months. No security deposit. It is a SXT with no options, MSRP $27,830. It says "all rebates to dealer" and also that you must lease through DC Credit. This price seems too good to be true, since Dodge is running an ad on Edmunds.com for what sounds like the same kind of lease, but for $179/month. Anyone else see a deal comparable to this?
#10 of 69 Re: Dodge Caravan: Lease Questions [Car_man] by steelerman123 Mar 01, 2006 (6:32 pm)
Replying to: Car_man (Aug 31, 2005 2:50 am) Car_man, Looking to lease the 2006 Dodge Grand caravan. I stopped by local dealership today to get some info. Here is what I have... I have 1997 Plymouth Grand Voyager, leased vehicle that I paid off a couple years ago. Do I qualify for lease loyalty? When I am choosing the van I want, is the price negotiatable, or is the lease amount? I was going to use the little $ equity in the van towards the lease. If they give me $2000 for the old van, where do you think my payments would come in at? If they say $249, can I say " I need to be at $229?" Any insight would be appreciated. Thanks, Jerry Replies to this message: Car_man (Mar 08, 2006 4:20 am)
#11 of 69 Re: 2006 Dodge Caravan SXT Lease [apostle31] by Car_man HOST Mar 08, 2006 (3:55 am)
Replying to: apostle31 (Feb 23, 2006 4:35 pm) Hi apostle31. Chrysler Financial charges a $425 disposition fee (turn-in fee) on every vehicle that it leases. Individual dealers do not have the authority to waive this charge. It sounds as through the dealer neglected to mention or mislead you about this fee. Unfortunately, there is nothing that you can do about this now that you have signed your lease contract and driven off in your vehicle. Similarly, there is nothing that you can do at this point either if you think that your vehicle's capitalized cost is to high. One possible explanation why your van's cap cost is higher than you thought it would be is if your dealer rolled Chrysler Financial's $700 lease acquisition fee into it. These are important items to look at prior to signing your contract. There's really nothing that you can do if you are unsatisfied with them at this point, other than chalk this lease up as a learning experience. Don't worry about the "rent charge." All leased vehicles have them. They represent the interest portion of your vehicle's monthly payment.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: rjc1072 (Mar 15, 2006 7:36 am)
#12 of 69 Re: Dodge Caravan: Lease Questions [steelerman123] by Car_man HOST Mar 08, 2006 (4:20 am)
Replying to: steelerman123 (Mar 01, 2006 6:32 pm) Hi Jerry. That is a good question. I suspect that you do qualify for DaimlerChrysler's $1,000 lease loyalty incentive, but I am not 100% positive that is the case. Your dealer will be able to tell you for certain. The selling prices of leased vehicles are absolutely negotiable just as if you were paying cash for or financing them. You can trade your current vheicle in when you lease, but it would be in your best interest to have the dealer that you are working with cut you a check for it rather than use the proceeds as a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your new van would be exactly the same, regardless of whether you had put several thousand dollars down, or had made absolutely no down payment at all.   Rather than negotiating this van's lease payment, negotiate the lowest possible selling price that you can on it. Once you know what it's price is, I can help you figure out what your lease payment should be.   Car_man Host Smart Shopper / Prices Paid Forums
#13 of 69 Re: 2006 Dodge Caravan SXT Lease [Car_man] by rjc1072 Mar 15, 2006 (7:36 am)
Replying to: Car_man (Mar 08, 2006 3:55 am) I'm actually getting ready to take delivery on a Dodge Caravan tomorrow - I've read this forum and was surprised to see the $425 disposition fee.   Is this fee negotiable? I've always had a GM vehicle and never came across this.   Your comments are appreciated.
#14 of 69 Under $200/month, 0 down? by backy Mar 18, 2006 (7:45 am)
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. Replies to this message: Car_man (Apr 03, 2006 3:35 am) backy (Apr 03, 2006 5:04 am) Car_man (Apr 21, 2006 8:17 am)
#15 of 69 Re: Under $200/month, 0 down? [backy] by Car_man HOST Apr 03, 2006 (3:35 am)
Replying to: backy (Mar 18, 2006 7:45 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.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: backy (Apr 03, 2006 5:04 am) Car_man (Apr 21, 2006 8:17 am)

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