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Dodge Caravan Lease Questions

76 messages,  Last post on Oct 04, 2012 at 10:26 AM

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

    

Messages Page 8 of 8

#69 of 76 Scammed by a lease by mike71_ca

Oct 22, 2008 (10:01 am)

I had an incident with Dodge in Canada that I hope is okay to share here with the readers of this topic. Very educational and hopefully will help others when they try to close their old lease.
 
I leased a Dodge Grand Caravan in 2001 and paid ~$500/month for 48 months. I returned it 40 months later without any penalties because I got a new 2005 Dodge Caravan and leased it again for 48 months at $370/month. I got tired of Vans so I recently purchased a Dodge Journey which was an excellent decision, I feel. I have it for about 2 months now and it is great for the price.
 
When I made the deal with the sales person at the dealership I told him that I have 5 months remaining on my lease, will you take over that lease if I bought a new car from you ? He said yes, without a problem. He even calculated this price of ~$1900 into the deal and said that it won't be an issue.
 
I spoke with others who have leased cars in the past and returned the cars early to get new cars. They confirmed that they never had to sign anything for the old card when they picked up the new car.
 
I received a letter from Chrysler Financial last week to advise me that I owe them ~$1500 on my lease. I called my sales person and found out that he was only going to pay for 1 month of the lease and I will have to pay for the reaming 4 months. I went down to the dealer and spoke with him and the manager. Neither of them was helpful and all I heard was "I understand but...". I explained to them that it would make no sense to me to carry 2 car payments for the next 4 months had I known this was the deal. I reminded them that my wife was there when I mentioned the 5 months to him. He didn't care, sale was done and he wants nothing to do with me.
 
Very unfortunate situation for which I hope others will learn from. I am taking the dealer to court because I cannot afford to pay this $ figure to Chrysler Financial. Also, I got the media involved to make sure this scam does not happen again to anyone else, a complete waste of time.
 
Any suggestions ? Has anyone else gone through this before ?

#70 of 76 2011 Grand Caravan Lease Rates by phred84044

Jan 28, 2011 (6:57 am)

Can anyone provide current lease rates and incentives for a both the 2011 Grand Caravan Mainstreet and Crew models, 12k miles per year, 36 month lease.
 
Thanks in advance.

#71 of 76 Re: 2011 Grand Caravan Lease Rates [phred84044] by a98gsxr

Feb 01, 2011 (1:04 pm)

Replying to: phred84044 (Jan 28, 2011 6:57 am)
Dodge Credit doesn't lease vehicles anymore. Their value didn't hold up enough for them to return a profit on the off leased vehicles.

#72 of 76 Re: 2011 Grand Caravan Lease Rates [a98gsxr] by shipo

Feb 02, 2011 (12:55 pm)

Replying to: a98gsxr (Feb 01, 2011 1:04 pm)
The fact that "Dodge Credit" doesn't lease Caravans has absolutely nothing to do with the fact that Caravans don't hold their value (any car can be lease at a profit regardless of its expected resale value), and more because there is no such an entity as "Dodge Credit".

#73 of 76 Re: 2011 Grand Caravan Lease Rates [phred84044] by Car_man HOST

Feb 08, 2011 (5:37 pm)

Replying to: phred84044 (Jan 28, 2011 6:57 am)
Hi phred84044. While it is true that Chryselr Financial is not Chrysler's captive finance company any longer, one can indeed still lease a Dodge Caravan if they want to. One of the banks that Chrysler has an affiliation with is Ally (the former GMAC).
 
Ally's current base lease rate and residual value for a 36 month lease of a 2011 Dodge Grand Caravan Mainstreet with 12,000 miles per year are 2.0% and 49%, respectively.
 
The numbers for an otherwise identical lease of an '11 Grand Caravan Crew are 0.5% and 48%.
 
There's also cash incentives on leases of this van, but they vary by region. I would be happy to try to give you an idea of what they're like in your area if you let me know what state you're in.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#74 of 76 Re: 2011 Grand Caravan Lease Rates [Car_man] by huskie13

Apr 08, 2011 (2:39 pm)

Replying to: Car_man (Feb 08, 2011 5:37 pm)
I am looking at buying either a 2011 Grand Caravan R/T or the Town & Country Touring L
What are the current rates and residuals for the R/T and Town & Country
looking at 12K or 10K per year with either a 36 or 39 month term (Whichever is better)
 
We are in IL 60074
 
Thanks

#75 of 76 Re: Scammed by a lease [mike71_ca] by jpf

Apr 09, 2011 (12:00 pm)

Replying to: mike71_ca (Oct 22, 2008 10:01 am)
With all due respect, you need to get everything in writing. That is, you needed to get in writing that the previous lease payments were waived. Never trust a car salesperson's "word."

#76 of 76 Man Van? by steve_ HOST

Oct 04, 2012 (10:26 am)

If you bought a Chrysler "Man Van" like this one, http://edmu.in/Nyzoly, a reporter would love to chat with you about it. Please email PRedmunds.com no later than Wednesday, October 10, 2012 and include your daytime contact information.

Messages Page 8 of 8

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