- #30 of 90
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Lease Numbers for 2006 Charger
by andre1
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Oct 03, 2006 (8:34 am)
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Car_Man,
Please provide the October lease numbers (money factor, residual) for the 2006 Charger R/T and SRT models. Please provide these numbers for 24 and 36 months for 12K and 15K miles per year. Also, does the $2000 lease cash still apply for October. Thanks!
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- #31 of 90
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Re: Lease Numbers for 2006 Charger [andre1]
by Car_man HOST
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Oct 11, 2006 (3:20 am)
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Replying to: andre1 (Oct 03, 2006 8:34 am)
Hey andre1. Here you go. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Dodge Charger R/T with 15,000 miles per year are .00134 and 56%, respectively. The numbers for an otherwise identical 36 month lease are .00225 and 47%. If you were to lease this car with only 12,000 miles per year, its 24 month residual value would be 1% higher and its 36 month residual would be 2% higher. The $2,000 bonus for deals through Chrysler Financial is still available in October.
Car_man
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- #32 of 90
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2007 Charger SXT AWD lease
by tbone08
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Oct 12, 2006 (6:58 am)
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I live in NY and will be coming out of my lease of a Dodge Durango in January but want to see if the dealer will absorb some of the payments. I want to lease a 2007 Dodge Charger SXT All Wheel drive through Chrysler Financial for 36 or 39 months with 12,000 miles per year depending on which will be a lower payment. I priced one out at $28,400. What is a good monthly payment with no money down? Are the dealers flexible with the cost? Is Dodge or Chrysler Financial offering any lease cash rebates/incentives on this vehicle?
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- #33 of 90
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Re: 2007 Charger SXT AWD lease [tbone08]
by Car_man HOST
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Nov 02, 2006 (5:42 am)
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Replying to: tbone08 (Oct 12, 2006 6:58 am)
Hi tbone08. When you say that you "price one out" at $28,400, do you mean that this is this car's MSRP or selling price? I need both of these numbers to estimate what this car's lease payment should be for you. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. When negotiating your selling price for this car, keep in mind that DaimlerChrysler is currently providing a $500 bonus on it for leases through Chrysler Financial. Anyhow, let me know what the MSRP and selling price are and I'll crunch some numbers for you.
Car_man
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- #34 of 90
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Re: 2007 Charger SXT AWD lease [Car_man]
by tbone08
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Nov 03, 2006 (11:56 am)
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Replying to: Car_man (Nov 02, 2006 5:42 am)
Hi Car_man. I got that price off one of the internet buying sites. I just configured the vehicle again on Edmunds.com. The MSRP is $31,395, the Invoice is $29,101 and TMV is $30,341. Thanks for the heads up about the $500 bonus. Where can I find that information to print out? Also, since I am a currently leasing through Chrysler Financial would they provide me with a "Lease Loyalty" bonus as well?
Thanks.
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- #35 of 90
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Interested buyer
by cocolo2k
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Nov 13, 2006 (7:13 pm)
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I want a short term lease and looking at different cars, at first I dint want American but i thought if i was leasing what would it matter. I like the charger and the 300 limited and I wanted to know whats the lowest price people have gotten on a v6 with navigation? I am in NY if it matters. I am interestedin a price in the 300's if not lower
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- #36 of 90
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Re: 2007 Charger SXT AWD lease [tbone08]
by Car_man HOST
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Dec 03, 2006 (6:48 am)
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Replying to: tbone08 (Nov 03, 2006 11:56 am)
Hey tbone08. You can find out what incentives are currently available on this car by visiting the following section of this site: Edmunds.com Current Incentives & Rebates. If you have any questions about the programs that are listed in that area please feel free to ask and I'll try to answer them for you. DaimlerChrysler usually provides a $1,000 lease loyalty incentive on select models, unfortunately the 2007 Dodge Charger is not one of them.
Car_man
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- #37 of 90
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2006 R/T Charger Lease Question
by team118
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Dec 04, 2006 (7:41 pm)
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Car_man;
Great site! I would like to lease a 2006 R/T Charger, MSRP - $34,360. "My price" is $32,461 minus $2,000 in rebates ($30,461 for the car).
I am being told a 39 month lease with 15k miles will be about $564 with nothing down. That price includes all NY taxes and dealer charges.
What is the residual for this car? and what does "Rate lease money factor" mean?
Is there anything I am missing? This is a business car and I want to make sure I am getting the best deal for the company and our shareholders.
Thanks!
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- #38 of 90
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Re: 2007 Charger SXT AWD lease [Car_man]
by tbone08
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Dec 05, 2006 (7:57 am)
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Replying to: Car_man (Dec 03, 2006 6:48 am)
Hi Car_man, Thanks for the info. Can you run lease numbers for me? I would like to lease a 2007 Charger SXT AWD, New York State MSRP -$30,810, My price is $28,803. Terms 36months/12k miles per year. No money down. What is the monthly payment?
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- #39 of 90
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Re: 2006 R/T Charger Lease Question [team118]
by Car_man HOST
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Jan 10, 2007 (3:42 am)
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Replying to: team118 (Dec 04, 2006 7:41 pm)
Hi team118. Money factors are used to calculate the interest portion of vehicles' monthly payments (residual values are used to calculate the other part, the depreciation portion). A vehicle's "buy rate" lease money factor is the number that is published by the bank that you are leasing through. Banks essentially provide dealers with a list of what their buy rates are for every vehicle that they lease. It is important to know what the buy rate is for the vehicle that you want to lease because dealers are often allowed to "mark-up" vehicles buy rates to add additional hidden back-end profit to deals. By marking your vehicle's money factor up, dealers are essentially charging you a higher interest rate for your lease and then getting a kickback from the bank. This is not as much of an issue with a lease through Chrysler Financial as it would be for a lease of a luxury brans, like BMW. BMW dealers are notorious for marking up vehicle's money factors. You can see exactly how vehicles' money factors are used to calculate lease payments by checking out the following article: Calculate Your Own Lease Payment.
Having said all off this, unfortunately DaimlerChrysler is no longer providing lease support on 2006 models. If you really want to lease a Dodge Charger, you actually may be better off going with a 2007 model. It will have a much more attractive lease program available on it right now, i.e. a lower money factor and a higher residual value.
Car_man
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