- #13 of 92
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Re: Current Residual and Money Factor [h0ldem]
by Car_man HOST
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Apr 03, 2006 (3:42 am)
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Replying to: h0ldem (Mar 13, 2006 7:44 am)
I'm glad that you liked the Charger so much, h0ldem. I personally wasn't sure what to think about it when it first came out, but it has really grown on me. I like it now. This car's money factors and residual values vary depending upon how long you lease it for and how many miles per year you are allowed to drive it. For now, I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Dodge Charger R/T through Chrysler Financial on or before April 3rd for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00244 and 50%, respectively. When negotiating your lease on this car, keep in mind that DaimlerChrysler is providing a $1,000 bonus on leases of it and most dealers are getting $1,000 dealer cash back on vehicles sold right now.
Car_man
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- #14 of 92
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Re: Current Residual and Money Factor [Car_man]
by qbrozen
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Apr 03, 2006 (7:34 am)
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Replying to: Car_man (Apr 03, 2006 3:42 am)
sooo... would that be $2k that someone leasing should be able to get off the cap cost?
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- #15 of 92
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Re: Current Residual and Money Factor [qbrozen]
by Car_man HOST
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Apr 23, 2006 (5:41 am)
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Replying to: qbrozen (Apr 03, 2006 7:34 am)
Well, you should have been able to get more than $2,000 off of the capitalized cost of a Charger last month, qbrozen. The $2,000 was only the cash incentives that were available on it. You should have been able to negotiate an additional discount on top of that.
Car_man
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- #16 of 92
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Re: Current Residual and Money Factor [Car_man]
by elchurro
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Apr 23, 2006 (7:44 am)
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Replying to: Car_man (Apr 03, 2006 3:42 am)
Car_Man,
Your post was very informative, even for someone trying to buy. I am looking to buy a Charger SXT (package 27G, 18 in. wheels, Sirius & leather) with an MSRP of $27,052. Including the $1,000 rebate, I have been able to negotiate down to $25,852. I was not aware, however, of the $1000 cash back. I have the following questions that may help with my negotiations:
1. Assuming I have excellent credit, will the $1,000 rebate result in a high interest rate--9% or higher.
2. How much "play" should I get out of the dealer cash back?
Thanks.
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- #17 of 92
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Re: Current Residual and Money Factor [elchurro]
by Car_man HOST
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May 22, 2006 (1:44 am)
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Replying to: elchurro (Apr 23, 2006 7:44 am)
I'm glad that you found it so helpful, elchurro. Chrysler is not currently providing any special finance rates on the Charger right now. As a result, if you finance through it to take advantage of the $1,000 Chrysler Financial Bonus you will have to use its standard finance rates. Most captive finance companies', especially GM's, Ford's and Chrysler's, standard finance rates are fairly high. I'm not sure what Chrysler Financial's current standard rate is, but it's probably around 8.x% to 9.x%. If you want to take advantage of the additional $1,000 bonus, but don't like the high rate, you can always pay your loan off early or refinance your car through an independent bank.
Car_man
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- #18 of 92
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June Residual and Money Factor for Charger R/T
by andre1
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Jun 01, 2006 (9:23 am)
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Car_Man,
For June, are the residual and money factor still 50% and .00244 for a Dodge Charger R/T (15,000/36 months)? Also, what is the same lease information for 12,000/36 months, 12,000/24 months and 15,000/24 months? Thanks!
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- #19 of 92
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Re: June Residual and Money Factor for Charger R/T [andre1]
by Car_man HOST
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Jun 11, 2006 (7:25 am)
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Replying to: andre1 (Jun 01, 2006 9:23 am)
Hey andre1. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of a 2006 Dodge Charger RT are .00333 and 49%, respectively. For a 24 month, 15,000 mile per year lease its current numbers should be .00136 and 58%. The residual values for either of these leases with only 12,000 miles per year would be 2% higher.
Car_man
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- #20 of 92
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August Lease Numbers for 2006 Charger R/T
by andre1
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Aug 08, 2006 (11:27 am)
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Car_Man,
Please provide the August residual and money factors for the 2006 Dodge Charger R/T as follows. Also, is Dodge offering any lease cash this month on this vehicle?
24 and 36 month
12K and 15K miles per year
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- #21 of 92
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Outrageous lease quote!
by kem_7
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Aug 17, 2006 (5:44 pm)
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OK, I'm a little confused here. I went to a Dodge dealer tonight to get a quote for a lease on a 2006 Charger R/T. I have a Saturn Vue that still has ~$1400 in lease payments left. DCX is currently offering Employee Pricing on Chargers, and the one I was looking at would come out to a base price of $28,000 with Employee Pricing. OK, I'm fine with that....here's what I don't get. The dealer came back with a quote of $900 down and $650/month!!!! This is before any credit checks / financing issues / etc....is it just me or does that seem a tad HIGH??? Even if you roll in the remaining lease payments, that would put my base at like $30k....since when does any $30k car come out with a LEASE price of $650/month?? This was the 27/27 term. I just don't get it. And this is for an '06 model when they've got a lot FULL of 06's and 2007's coming off the trucks already. Um, HELLO?? Anyone have any idea how I can get a Charger that's actually REASONABLE?? For $650/month, I'm gonna walk down the street to the BMW dealer and park myself in a 7-series! Anyway...any advice would be helpful. Thanks!
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- #22 of 92
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Re: August Lease Numbers for 2006 Charger R/T [andre1]
by Car_man HOST
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Aug 23, 2006 (3:32 am)
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Replying to: andre1 (Aug 08, 2006 11:27 am)
Here you go, andre1. DaimlerChrysler seems to be pushing two year leases of this car right now. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Dodge Charger R/T, cool vehicle btw, with 15,000 miles per year are .00214 and 58%, respectively. This car's 36 month numbers are .00341 and 49%. If you were to lease it with only 12,000 miles per year, its 24 month residual value would be 1% higher and its 36 month residual value would be 2% higher. DaimlerChrysler is not providing any cash incentives on the '06 Charger this month, other than the ability to purchase it through its Employee Purchase Program.
Car_man
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