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Dodge Charger Lease Questions

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

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

    

Messages Page 8 of 13

#71 of 124 Re: Monthly payments [lewielew] by Car_man HOST

Apr 09, 2008 (2:20 am)

Replying to: lewielew (Feb 24, 2008 6:40 pm)
Hi lewielew. Let's work up a sample lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2008 Dodge Charger SXT that has an MSRP of $26,385 and a selling price of $23,045 ($500 over invoice minus the $2,000 cash incentive) through Chrysler Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $338. I worked up a 3 year lease for you because Chrysler is not currently providing much in the way of support on 4 year leases of this model right now. The 36 month term is a better deal.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#72 of 124 April Lease Rate by wolfews6

Apr 14, 2008 (7:21 am)

My local paper (NW Ohio) has a 2008 Charger SE plus pkg for $109/ mo for 10,500 mi/yr and 24 mo. This is with $1998 down (includes first months pymt) and also includes employee discount and lease loyalty.
 
Does anyone know the 24 month residuals values for the SE plus, the R/T and the AWD R/T? It would also be helpful to know the money factor for each.
 
With the SE Plus I estimate that a $0 down sign and drive lease including taxes would be about $220.
 
I would like to lease an AWD RT, but depending on the residual and money factor it could be $400+ a month.
 
I plan to contact the dealer in the next couple of days. If I know the residual and money factors on these cars I will know if they are trying to rip me off on the R/T since I really do not want the smaller engine.

#73 of 124 Re: April Lease Rate [wolfews6] by wolfews6

Apr 15, 2008 (5:18 am)

Replying to: wolfews6 (Apr 14, 2008 7:21 am)
I was quoted $419 a month $0 down for an AWD R/T with moonroof 10.5k/yr 27 mo. This included lease loyalty and employee discount. MSRP $34,730
 
I was also quoted $491/mo $0 down on a R/T R. Pkg that had HID's, NAV, Blue tooth, moonroof this was 10.5k/yr 27 mo. This included lease loyalty and employee discount. MSRP $39,855

#74 of 124 Re: April Lease Rate [wolfews6] by wolfews6

Apr 15, 2008 (8:58 am)

Replying to: wolfews6 (Apr 15, 2008 5:18 am)
Charger R/T has a 57% residual and a .00199 money factor. This is what my dealer just quoted for a 27month 10,500 mi/yr lease.
 
This was specifically on the R package car with the $491 pymt

#75 of 124 Re: April Lease Rate [wolfews6] by wolfews6

Apr 19, 2008 (11:40 am)

Replying to: wolfews6 (Apr 15, 2008 8:58 am)
How do these figures compare to what others are acheiving.
 
Are these to high. I think they seem expensive.

#76 of 124 SRT-8 MF and Residuals by chrisaz

May 05, 2008 (9:21 pm)

Great Forum - thanks so much!!!
 
Can you provide the money factor and residuals for a 2008 SRT-8? I'm looking at 36 months (or possibly shorter) and 15k miles per year. I'm in Phoenix AZ
 
Thanks again

#77 of 124 Re: Dodge Charger lease [Car_man] by mandrake2

May 06, 2008 (11:10 pm)

Replying to: Car_man (Feb 20, 2008 3:55 am)
Thanks Car_man, and sorry for the delay.
I managed to snag a Charger SE Plus for $500 out of pocket, which includes the first month's rental, The lease is for 27 months, 10,500 miles/year and a payment including taxes of $218.00 a month.
Car performs well, but seems a little heavy on gas compared to the Crossfire (not much of a comparison).

#78 of 124 Re: SRT-8 MF and Residuals [chrisaz] by wolfews6

May 07, 2008 (5:33 pm)

Replying to: chrisaz (May 05, 2008 9:21 pm)
chrisaz- I do not have the residuals that you are looking for however I gained some inside info when I leased my Charger RT with the road & track package.
 
The money factor is actually a range and the dealer can decide how much to charge. I do not know what the range is (i.e. highest and lowest possible money factors) but it can vary up to about 4% as an APR. Of course to get an approximate APR multiply the money factor by 2,400.
 
I ened up with a 1 pay lease which dropped the money factor from about 4% apr to 2%. The original money factor quote from my dealer was higher than 4% and the dealer was only making ~$200 on the 4% , therefore I think the 4% is the bottom on a 27 month lease.
If you do a search on cars.com these are listed link title and the money factor is much higher than my dealer charger.
 
My advice to you is to NOT lease an SRT8. Once you go to the dealer you will find out it is NOT the cheapest and it will not change your payment by much rather than purchasing.
 
There are a lot of low mileage (under 5k) used SRT8's that have already paid the gas guzzler tax and are about $35k fully loaded. With gas at $4 a gallon some people are looking to unload their gas guzzlers "cheap"I would look used and find your own financing. Car loans are under 5% now at most credit unions.

#79 of 124 Re: SRT-8 MF and Residuals [chrisaz] by Car_man HOST

May 12, 2008 (2:36 am)

Replying to: chrisaz (May 05, 2008 9:21 pm)
Hi chrisaz. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Dodge Charger SRT-8 with 15,000 miles per year are .00276 and 57%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#80 of 124 Re: Dodge Charger lease [mandrake2] by Car_man HOST

May 12, 2008 (2:51 am)

Replying to: mandrake2 (May 06, 2008 11:10 pm)
No problem, mandrake2. Thanks for stopping back to let us know how everything turned out. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 8 of 13

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