- #8 of 90
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Re: Dodge Charger Lease Payment [Car_man]
by jdifot
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Mar 05, 2006 (5:40 pm)
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Replying to: Car_man (Feb 10, 2006 4:02 am)
Car_man,
Quick question. I just signed up for a deal with a local dealer on a charger SE. MSRP $22,995, Payments of $275 per month, with $2775 down and $825 for aquisition registration and taxes, residual of $12,187. Am I getting a good deal? I have already paid $1,100 for the first month, aquisition, taxes, and registration but have not taken possesion of the vehicle. I believe I can still back put if I find a better deal. Your advise would be much appreciated.
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- #9 of 90
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Re: Dodge Charger Lease Payment [Car_man]
by t_o_n_y
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Mar 07, 2006 (11:24 am)
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Replying to: Car_man (Feb 10, 2006 4:02 am)
Sorry Car_man - here is what I know so far:
The total price is $23,517 (without startups). That includes the $1000 incentive currently offered.
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- #10 of 90
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Re: Dodge Charger Lease Payment [jdifot]
by Car_man HOST
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Mar 08, 2006 (5:22 am)
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Replying to: jdifot (Mar 05, 2006 5:40 pm)
Hi jdifot. You never mentioned the selling price of the car that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what this car's selling price is.
Car_man
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- #11 of 90
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Re: Dodge Charger Lease Payment [t_o_n_y]
by Car_man HOST
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Mar 08, 2006 (5:26 am)
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Replying to: t_o_n_y (Mar 07, 2006 11:24 am)
Don't worry about it, Tony, community members leave out this sort of information all the time. OK, if you were to lease a 2006 Dodge Charger SXT with an MSRP of $26,345 and a selling price of $23,517 through Chrysler Financial right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $355.
Car_man
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- #12 of 90
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Current Residual and Money Factor
by h0ldem
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Mar 13, 2006 (8:44 am)
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My wife and I test drove Chargers over the weekend. We had a great time. We're seriously considering an R/T. I was wondering if anyone had current residuals and money factors for the R/T, so that I can put some numbers together?
Thanks in advance.
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- #13 of 90
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Re: Current Residual and Money Factor [h0ldem]
by Car_man HOST
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Apr 03, 2006 (4:42 am)
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Replying to: h0ldem (Mar 13, 2006 8:44 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 90
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Re: Current Residual and Money Factor [Car_man]
by qbrozen
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Apr 03, 2006 (8:34 am)
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Replying to: Car_man (Apr 03, 2006 4:42 am)
sooo... would that be $2k that someone leasing should be able to get off the cap cost?
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- #15 of 90
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Re: Current Residual and Money Factor [qbrozen]
by Car_man HOST
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Apr 23, 2006 (6:41 am)
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Replying to: qbrozen (Apr 03, 2006 8:34 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 90
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Re: Current Residual and Money Factor [Car_man]
by elchurro
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Apr 23, 2006 (8:44 am)
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Replying to: Car_man (Apr 03, 2006 4:42 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 90
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Re: Current Residual and Money Factor [elchurro]
by Car_man HOST
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May 22, 2006 (2:44 am)
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Replying to: elchurro (Apr 23, 2006 8:44 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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