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Dodge Charger Lease Questions

124 messages,  Last post on Mar 11, 2013 at 4:07 PM

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What is this discussion about? Dodge Charger, Dodge Charger SRT-8, Car Leasing, Sedan

    

Messages Page 5 of 13

#39 of 124 Re: 2006 R/T Charger Lease Question [team118] by Car_man HOST

Jan 10, 2007 (3:42 am)

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.
 
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#40 of 124 Re: 2007 Charger SXT AWD lease [tbone08] by Car_man HOST

Jan 10, 2007 (3:45 am)

Replying to: tbone08 (Dec 05, 2006 7:57 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.
 
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#41 of 124 May Charger Lease Rates? by sdcap

May 02, 2007 (10:50 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 124 Lease now? Or, wait for 08 by rain33

May 05, 2007 (11:21 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 124 Charger SRT-8 Money Factor by kmouradian

May 06, 2007 (4:01 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 124 Re: Charger SRT-8 Money Factor [kmouradian] by drwily

May 06, 2007 (6:21 pm)

Replying to: kmouradian (May 06, 2007 4:01 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 124 Re: Charger SRT-8 Money Factor [drwily] by garretohm

Jun 05, 2007 (1:01 pm)

Replying to: drwily (May 06, 2007 6:21 pm)
Have you thought about going to a dealer-only site like www.automart.com?

#46 of 124 Re: May Charger Lease Rates? [sdcap] by Car_man HOST

Jun 07, 2007 (3:05 am)

Replying to: sdcap (May 02, 2007 10:50 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.
 
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#47 of 124 Re: Lease now? Or, wait for 08 [rain33] by Car_man HOST

Jun 07, 2007 (3:10 am)

Replying to: rain33 (May 05, 2007 11:21 am)
Greetings rain33. I don't personally know much about what if any changes are being made to the 2008 version of the Dodge Charger, but you may be able to find out by visiting the following discussion: "Dodge Charger 2006+". It's difficult to say what the 2008 version's lease program will be like when it is introduced. I personally doubt that it will be any better than DaimlerChrysler's current lease program on the 2007 model though.
 
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#48 of 124 Re: Charger SRT-8 Money Factor [kmouradian] by Car_man HOST

Jun 07, 2007 (3:12 am)

Replying to: kmouradian (May 06, 2007 4:01 pm)
Hi kmouradian. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Dodge Charger SRT-8 with 15,000 miles per year are .00266 and 54%, respectively in most of the country (its lease program in its Northeast region is slightly better).
 
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Messages Page 5 of 13

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