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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 2 of 8

#10 of 76 Re: Dodge Caravan: Lease Questions [Car_man] by steelerman123

Mar 01, 2006 (7:32 pm)

Replying to: Car_man (Aug 31, 2005 3:50 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

#11 of 76 Re: 2006 Dodge Caravan SXT Lease [apostle31] by Car_man HOST

Mar 08, 2006 (4:55 am)

Replying to: apostle31 (Feb 23, 2006 5:35 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
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#12 of 76 Re: Dodge Caravan: Lease Questions [steelerman123] by Car_man HOST

Mar 08, 2006 (5:20 am)

Replying to: steelerman123 (Mar 01, 2006 7:32 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
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#13 of 76 Re: 2006 Dodge Caravan SXT Lease [Car_man] by rjc1072

Mar 15, 2006 (8:36 am)

Replying to: Car_man (Mar 08, 2006 4:55 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 76 Under $200/month, 0 down? by backy

Mar 18, 2006 (8:45 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.

#15 of 76 Re: Under $200/month, 0 down? [backy] by Car_man HOST

Apr 03, 2006 (4:35 am)

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.
 
Car_man
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#16 of 76 Re: Under $200/month, 0 down? [Car_man] by backy

Apr 03, 2006 (6:04 am)

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 76 Re: Under $200/month, 0 down? [backy] by Car_man HOST

Apr 21, 2006 (9:17 am)

Replying to: backy (Apr 03, 2006 6:04 am)
You;re very welcome, backy. Let me know if you have any other questions.
 
Car_man
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#18 of 76 Leasing help on 2006 Dodge Grand Caravan by brum

Jun 06, 2006 (7:20 pm)

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 76 Re: Leasing help on 2006 Dodge Grand Caravan [brum] by arthurking

Jun 08, 2006 (5:11 pm)

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!

Messages Page 2 of 8

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