- #37 of 92
-
2006 R/T Charger Lease Question
by team118
-
Dec 04, 2006 (6:41 pm)
-
|
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!
|
- #38 of 92
-
Re: 2007 Charger SXT AWD lease [Car_man]
by tbone08
-
Dec 05, 2006 (6:57 am)
-
|
|
Replying to: Car_man (Dec 03, 2006 5:48 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?
|
- #39 of 92
-
Re: 2006 R/T Charger Lease Question [team118]
by Car_man HOST
-
Jan 10, 2007 (2:42 am)
-
|
|
Replying to: team118 (Dec 04, 2006 6:41 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
Host
Prices Paid Forum
|
- #40 of 92
-
Re: 2007 Charger SXT AWD lease [tbone08]
by Car_man HOST
-
Jan 10, 2007 (2:45 am)
-
|
|
Replying to: tbone08 (Dec 05, 2006 6:57 am)
No problem, tbone08. I'd be happy to crunch some numbers for you. According to my calculations, if you were to lease a 2007 Dodge Charger SXT AWD that has an MSRP of $30,810 and a selling price of $28,803 through Chrysler Financial right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $475.
Car_man
Host
Prices Paid Forum
|
- #41 of 92
-
May Charger Lease Rates?
by sdcap
-
May 02, 2007 (9:50 am)
-
|
Does anyone know the current Lease Money Factors and Residuals for Chargers? I cant seem to google a buy sheet with this info. Trying to figure out which lease program is most advantageous.
Thank you in advance.
|
- #42 of 92
-
Lease now? Or, wait for 08
by rain33
-
May 05, 2007 (10:21 am)
-
|
|
I have been looking at cars for while and love the charger - SXT w/ AWD. Would it be better to wait for an 08 model? Any changes in trim or options in the next year? Plus, which year is going to have better "incentives" for a new lease?
|
- #43 of 92
-
Charger SRT-8 Money Factor
by kmouradian
-
May 06, 2007 (3:01 pm)
-
|
Car_Man,
My lease on my 2004 Chrysler Crossfire isn't up till the end of Sept. I recently got a letter stating that Chrysler will waive my last 5 lease payments if I decide to stay within the Chrylser family.
Looking at possibly leasing a 2007 Charger SRT-8. I know there is $3500 lease cash available. Just need to know what the money factor and residual is. This would be for a 36 month lease at 15k miles/yr.
Thanks and hopefully will be sporting a new SRT-8 soon! Yes, I know gas is $3.00/gallon and it gets 14/20 EPA. But you only live once! 
|
- #44 of 92
-
Re: Charger SRT-8 Money Factor [kmouradian]
by drwily
-
May 06, 2007 (5:21 pm)
-
|
|
Replying to: kmouradian (May 06, 2007 3:01 pm)
Hey kmourdian I'm not Car Man but I think I can help. Since the introduction on the lease cash I myself am about to lease a Charger. If you go with 36 months your residual is 54% and your money factor is .00312. However, I went with 27 months which has a factor of 62% and a money factor of .00269. Hell of a choice this thing is a beast! Good luck.
|
- #45 of 92
-
Re: Charger SRT-8 Money Factor [drwily]
by garretohm
-
Jun 05, 2007 (12:01 pm)
-
|
|
Replying to: drwily (May 06, 2007 5:21 pm)
Have you thought about going to a dealer-only site like www.automart.com?
|
- #46 of 92
-
Re: May Charger Lease Rates? [sdcap]
by Car_man HOST
-
Jun 07, 2007 (2:05 am)
-
|
|
Replying to: sdcap (May 02, 2007 9:50 am)
Greetings sdcap. This car's lease program varies by term, mileage allowance, and trim level. For now I will assume that you are interested in a 36 month lease of a 2007 Dodge Charger SXT with 15,000 miles per year. Let me know if you want something different. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of an '07 Dodge Charger SXT with 15,000 miles per year are .00254 and 49%, respectively in most of the country if you qualify for its top credit tier. I said "most of the country" because this car has s slightly better lease program in DaimlerChrysler's Northeast region. When negotiating your lease on this car, make sure to take advantage of the $1,500 lease cash and $500 bonus cash ($2,000 total) that are available on it.
Car_man
Host
Prices Paid Forum
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
