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Dodge Magnum Lease Questions - READ ONLY

51 messages,  Last post on Sep 23, 2009 at 6:52 PM

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What is this discussion about? Dodge Magnum, Dodge Magnum SRT-8, Car Leasing, Wagon

    

Messages Page 3 of 6

#19 of 51 Re: Dodge Magnum: Lease Questions [uptempoballer] by Car_man HOST

Dec 30, 2005 (5:50 am)

Replying to: uptempoballer (Dec 29, 2005 2:26 pm)
Hi uptempoballer. Let's assume that you are able to get this car for $500 over invoice and see what its monthly payment should be like. According to my calculations, if you were to lease a 2006 Dodge Magnum RT AWD with an MSRP of $37,820 and a selling price of $34,872 ($35,372 invoice minus $1,000 Chrysler financial bonus + $500 for the dealer) through Chrysler Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $587. The lease money factor and residual value that you used for this car are correct, but the payment that you came up with is a little different than mine. Perhaps you were using a higher selling price than I did.
 
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#20 of 51 2006 Magnum RT Lease by arch1sf

Feb 07, 2006 (5:12 pm)

Hello Car Man. I have a 2003 Murano lease that will end in April 2006. I am looking at a 2006 Dodge Magnum RT (say $34,300 TVM w/ options) to lease. I had a great 39 mo/12K lease on my 2003 Murano SL AWD (loaded) ($37,300 MSRP - $35,500 Gross Cap w/ $2800 down = $436/mo + tax). By my math, this had a 58% Residual (purchase option $20,400). It would appear that in today's market, I will not come close to this MSRP/Lease Payment? What can I expect (San Francisco, CA)? If I were to try to get the same terms with a new Murano, would it be any better than a Magnum?
Thanks,
JS.

#21 of 51 Re: 2006 Magnum RT Lease [arch1sf] by Car_man HOST

Feb 10, 2006 (4:34 am)

Replying to: arch1sf (Feb 07, 2006 5:12 pm)
Hi arch1sf. I can't work up a sample lease payment on the Magnum that you want for you without knowing its MSRP, as well as the selling price that you mentioned. Let me know and I'll run some calculations for you. When negotiating your lease on this vehicle keep in mind that DaimlerChrysler is currently providing $1,000 bonus cash and $1,000 dealer cash on it. These incentives will help you to negotiate an attractive capitalized cost.
 
The 2006 Nissan Murano's lease program is more attractive than the 2006 Dodge Magnum's program is right now, but Nissan does not have the same level of cash incentives on the Murano as DaimlerChrysler does on the Magnum. If you provide me with MSRPs and approximate selling prices for both models, I can tell you exactly which one would be less expensive to lease right now.
 
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#22 of 51 2006 Magnum RT vs 2006 Murano SE AWD lease by arch1sf

Feb 10, 2006 (11:13 am)

Car Man,
I would assume the following for each car:
 
Magnum: MSRP $35,675 - Selling Price $34,500
Murano: MSRP $38,055 - Selling Price $35,900
 
I have based both selling prices essentially on Edmunds TMV (true market value) prices for what these are selling for (based on my zipcode).
Thanks for any help you can be.

#23 of 51 2006 Magnum RT (Help!) by arch1sf

Mar 03, 2006 (9:18 pm)

Car man, Help!
I have negotiated the following:
2006 Magnum 2WD R/T (loaded) MSRP $38,160
Selling price $33,160 (this is $4,000 off msrp Dealer plus $1,000 off Chrysler Financial)
I asked for a 36mo/12K lease.
The dealer is saying that current money factor is .0031 and residual is 49%. Based on your previous posts for this car, both of these seem high (especially the money factor...).
I need your advice badly to either talk or walk...
Thanks-
(from San Francisco)

#24 of 51 2006 MAgnum R/T Lease by rynpamn21

Mar 06, 2006 (3:06 pm)

Hey Car_man! I hope you can come back soon. I almost drove off in a Magnum R/T right now but the Dodge Dealership in Cerritos is trying to stick me with high lease payments. I was looking at a 06 magnum r/t, msrp 33,085. Got them down to $27,995. They said that I am getting an extra $1000 off. I went to leaseguide.com and used their calculator. For a 39 month, 12miles a year lease, I got a quote of 435.09 w. tax and license using .00333 money factor, acquisition fee of $700 and 50% residual. When I went to the dealership they quoted me for $475 using the same numbers. Who made the mistake here? Tax for me is 7.75%. Please help....

#25 of 51 Magnum R/T Lease Rates by arch1sf

Mar 08, 2006 (1:08 pm)

Car Man,
In my earlier post I referred to MF and Residual from the dealer. He faxed me a page with the heading "West Business Center Programs (A+ through B Tiers)" with variuos dodge models listed and rates. This does list "Effective Dates" typically from 1/10/06 to 3/31/06. I am interested if this matches what you refer to as DaimlerChrylser rates (see my earlier post for specifics). I am not sure if I belive him yet...
Thanks-
San Francisco

#26 of 51 Re: 2006 Magnum RT vs 2006 Murano SE AWD lease [arch1sf] by Car_man HOST

Mar 09, 2006 (3:37 am)

Replying to: arch1sf (Feb 10, 2006 11:13 am)
Thanks for the additional information, arch1sf. OK, if you were to lease a 2006 Dodge Magnum RT 2WD with an MSRP of $35,675 and a selling price of $34,500 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $584.
 
If you were to lease a 2006 Nissan Murano SE AWD with an MSRP of $38,055 and a selling price of $35,900 through NMAC right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around a much more reasonable $480.
 
Keep in mind though that most smart consumers who shop around can easily beat the TMV prices that are listed here at Edmunds.com.
 
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#27 of 51 Re: 2006 Magnum RT (Help!) [arch1sf] by Car_man HOST

Mar 09, 2006 (3:41 am)

Replying to: arch1sf (Mar 03, 2006 9:18 pm)
Hey arch1sf. Unfortunately, the money factor that you were quoted for this vehicle is correct. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month, 12,000 mile per year lease of a 2006 Dodge Magnum 2WD are .00329 and 52% respectively for consumers who qualify for its top credit tier.
 
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#28 of 51 Re: 2006 MAgnum R/T Lease [rynpamn21] by Car_man HOST

Mar 09, 2006 (3:44 am)

Replying to: rynpamn21 (Mar 06, 2006 3:06 pm)
Hi rynpamn21. I just worked up a sample lease payment on this vehicle for you and according to my calculations if you were to lease a 2006 Dodge Magnum RT 2WD with an MSRP of $33,085 and a selling price of $27,995 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $426.
 
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