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Dodge Caravan Lease Questions

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

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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#53 of 69
Re: Money Factor on a 2008 GC SXT [bigslick] by Car_man HOST
Apr 08, 2008 (2:46 am)
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Replying to: bigslick (Mar 04, 2008 10:39 pm)

Welcome bigslick. I take it that you are a poker player . The .00130 money factor that you saw mentioned earlier is still Chrysler Financial's buy rate for a 36 month lease of a 2008 Dodge Grand Caravan SXT. All lessees are required to pay their vehicles' first month's payment at lease signing, so that would not have any impact upon your van's money factor. It is difficult for me to back into the money factor that was actually used on this deal without knowing what your van's full MSRP is. Regardless of whether the dealer charged you .00155 or .00130 this is still a pretty good deal. Don't worry about it now because your deal is already done. Just make sure to stop back here to Edmunds.com before you sign on the dotted line the next time you are in the market for a new ride . Enjoy your new Caravan.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#54 of 69
Re: Considering buying pre-leased 2005 G.C. SXT [meandm] by Car_man HOST
Apr 08, 2008 (2:57 am)
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Replying to: meandm (Mar 11, 2008 7:18 am)

Welcome aboard, meandm. When the dealer leased this van to the retired couple they essentially sold it to Chrysler Financial. In order for that couple to get out of their lease early, which usually is a very bad idea, the dealer would have to purchase the van back from Chrysler Financial. The dealer definitely did not get the van for free. Even if they had, it really does not have an impact upon what it is worth on the open market. The dealer is not going to sell it to you for less than what the market dictates that someone else is likely to pay them for it just because they got a good deal on it (they probably didn't anyhow). You should be able to get an idea of how much you will have to pay for the Caravan that you are interested in by looking it up over on the Used Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#55 of 69
Re: Lease signing question [mthompxx] by Car_man HOST
Apr 09, 2008 (1:15 am)
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Replying to: mthompxx (Mar 13, 2008 9:47 am)

Hi Matt. Unfortunately, the fact that you signed the lease papers does not mean that Chrysler will approve your deal. It sounds like the dealer just let you drive off in your van before the deal was completely finalized. If you don't get a control number, you will probably either have to give your Caravan back to the dealer or pay a higher price for it. Sorry that I don't have better news for you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#56 of 69
Current Lease Rates on GC SXT by csteinbe
May 19, 2008 (8:02 pm)
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I asked about this in another thread, but car_man seems to have the facts.
 
What's the current Chrysler Financial lease rates for a 2008 Grand Caravan SXT (25L if it matters)?
 
I was quoted 46% and .00170, and there is also a $130 annual fee on the deal sheet that I don't understand.
 
Thanks,
 
Craig
#57 of 69
Re: Current Lease Rates on GC SXT [csteinbe] by csteinbe
May 20, 2008 (7:58 am)
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Replying to: csteinbe (May 19, 2008 8:02 pm)

Forgot some important details: 39 (or 36) month & 15K/yr
#58 of 69
Re: Leasing help on 2006 Dodge Grand Caravan [Car_man] by romarriott
May 22, 2008 (8:43 am)
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Replying to: Car_man (Dec 21, 2007 2:56 am)

Carman,
 
   If I wanted to get an a lease amount for a 2008 Dodge Grand Caravan SXT with a couple of options. The MSRP is $30,910. I will be negotiating for the selling price of $29,500.
 
   There is a cash allowance of $2500 until June 2. How would the cash allowance work? Do you also take that off the final selling price and use that price when calculating the lease amount? Excuse the beginner questions but it sounds like you are very helpful on these things and could help me out.
#59 of 69
Re: Leasing help on 2006 Dodge Grand Caravan [romarriott] by romarriott
May 22, 2008 (8:45 am)
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Replying to: romarriott (May 22, 2008 8:43 am)

Read someone else's post and forgot to mention 12k/ year and for 36-month lease.
 
Thanks
#60 of 69
Re: Leasing help on 2006 Dodge Grand Caravan [romarriott] by odymomma
May 22, 2008 (12:23 pm)
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Replying to: romarriott (May 22, 2008 8:43 am)

You should be able to do much much better than 29500 on a sticker of 30,910. You're basically inviting them to stick it to you. Research the prices paid and negotiate much harder than you are. You should be around 26,500 inc. the rebate.
#61 of 69
Re: Leasing help on 2006 Dodge Grand Caravan [romarriott] by csteinbe
May 22, 2008 (7:55 pm)
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Replying to: romarriott (May 22, 2008 8:43 am)

Think of the cash allowance as a contribution to your down payment. Negotiate the price of the van first, and ignore any references to the allowance until you are done. The allowance comes from Chrysler not the dealer, and it shouldn't be considered part of the dealer's contribution to the negotiation.
#62 of 69
Re: Current Lease Rates on GC SXT [csteinbe] by csteinbe
May 22, 2008 (7:57 pm)
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Replying to: csteinbe (May 20, 2008 7:58 am)

So, I finished my deal today. The .00170 money factor and 46% depreciation were on a Chrysler Financial lease for 39mo/15K on a Caravan SXT, so I would have to assume those are current as I don't think dealers can move on those numbers.
 
The $130 fee I saw on the deal sheet was for registration.

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