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Prices Paid: Buying & Leasing Experiences Dodge Charger Lease Questions
90 messages, Last post on Jun 02, 2008 at 3:36 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello, Looking through this thread, it looks like the Charger RT money factor and residual were .00189 and 52% back in February for a 36 month lease with 10,500 miles per year. Have these numbers changed at all? I am in Central FL and thinking about working out a deal for an RT this month. Thanks!! |
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Replying to: Car_man (May 12, 2008 2:51 am) I am looking at a pretty well optioned 2008 R/T AWD. Do you have residuals and money factors for a 36 month/12,000 mile lease? Also, what do you think of the $2.99 gas offer on a vehicle such as this vs. rebates, which I think are $3,000-$4,000 right now? Thanks!
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Hi guys- I'm new to the forum, it's a great site! I’ve admired the Charger since it came out, and I think I’m ready to pull the trigger on one. Here is the lease deal I was offered: 2008 Dodge Charger RT AWD Black/Dark Slate Fully loaded - Package 29P, DVD-My Gig, rear seat entertain, HID, sunroof, basically the whole shebang. MSRP: $40,345 Selling Price: $38,253 less $3,000 from Dodge Final selling price: $35,253 36 months 51% resid .00206 money factor Down payment: $2500 Out the door payment, including 8.39% NY tax, all dealer fees, DMV fees, tire waste fees, etc. = $544.00 per month. Off hand it seems pretty good, but I would like to get another $700 off which would get it down to $525 Any thoughts?
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Replying to: sammin (May 22, 2008 10:31 am) How many miles a year is your lease? You will be paying almost $600/ mo to lease this Charger. You might be able to lease an SRT8 for that price. My car stickered for $37,875 R/T with R pkg, moonroof and P pkg. My 27 month lease is significantly lower, but I also qualified for lease loyalty an EP pricing.
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Replying to: wolfews6 (May 22, 2008 12:22 pm) This website keeps messing with the link so just go to the chargerforums in the cars for sale section to see what I am referring to |
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Replying to: sammin (May 22, 2008 10:31 am) There aren't too many people willing to buy fully loaded V-8's right now from what I've seen. 
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Replying to: mandrake2 (May 06, 2008 11:10 pm) Thanks Ivan |
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Brilliant Black Charger R/T AWD Customer Pref Pkg 29P Protection Group MyGIG w/out Nav MSRP: 36,515 Cap Cost: 32,515 (w/emp disc) Cap Reducts: 4,500 (3k natl incen, 500 rgnl incen, 1k lease loylt) Net Cap: 31,377 (incl tax,title,lic,doc) Resid: 52% MF: 0.00206 Term: 36 mos Mileage: 10,500 No money down, waived payment until July. Mthly $$$: 449 |
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Replying to: sammin (May 19, 2008 6:56 am) It all boils down to how much you drive and how high gas prices go. Based on today's national average of $4.02 for 87 octane, 2,000 gallons of gas would be $8,040.00. Your price is $2.99/gallon for a total of $5,980.00. The net savings under the program would be $2,060.00. Of course, as gas prices fluctuate so does the value of the incentive. There is also $1,000 bonus cash under the gas incentive, so the full current value of the incentive is $3,060...$60 more than the $3,000 cash back incentive. Would you rather pay more for the vehicle and get subsidized gas for 12,000 miles per year, or would you rather pay less for the vehicle upfront and gamble on where gas goes? Also keep in mind that the gas incentive has certain windows each year. The "years" end every 7/31, so year 1 ends on 7/31/09, year 2 ends 7/31/10, and year 3 ends 7/31/11. If you don't use all of the 666 allotted gallons each year you forfeit the remainder and they don't roll over. In that case, you wouldn't be using the full incentive. Quick math assuming $4.02 gas, and sticker price of $40,000 Gas incentive: $40,000 sticker $38,000 negotiated price minus $1,000 let's refuel bonus cash = $37,000 purchase price plus $5,980 your cost for 2,000 gallons of "discounted" gas = $42,980 total Regular incentive: $40,000 sticker $38,000 negotiated price minus $3,000 cash back =$35,000 purchase price plus $8,040 (2,000 gallons of $4.02 gas) = $43,040 total You are saving $60 with the gas incentive based on today's gas price. The higher gas goes, the more you will save with the gas incentive. If you decide to run mid-grade or premium in your Hemi, the regular cash back incentive will ultimately be the better deal. If you finance the purchase, finance charges will be higher on the gas incentive deal as opposed to the standard cash back deal. Based on a 5% loan rate, the cash back deal actually becomes $200 or so less when you add in 36mo worth of finance charges. Personally, I would rather pay less for the vehicle upfront and take a risk with the price of gas. From what I have read, $4.00 - $5.00 gas is to be expected until at least 2010, and even if it does go down it will never go back much below $3.75. Now, if we have a bad hurricane season (God forbid) and gas hits $6.00 per gallon like they say it could under certain circumstances, the gas incentive would really pay off. At the end of the day, it is purely a gamble.
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Replying to: ryster (Jun 01, 2008 9:28 am) This is the reason I choose up-front cash incentives. Another thing to note is that this gas card is not tied to any particular vehicle. You could use it for another vehicle that uses regular octane, or a boat, or a lawn mower. |
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