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Dodge Magnum: Lease Questions

51 messages,  Last post on Sep 23, 2009 at 5:52 PM

You are in the Dodge Magnum Forum. Your Host is kcram

What is this discussion about? Dodge Magnum, Dodge Magnum SRT-8, Car Leasing, Wagon


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#22 of 51
2006 Magnum RT vs 2006 Murano SE AWD lease by arch1sf
Feb 10, 2006 (10:13 am)
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Car Man,
I would assume the following for each car:
 
Magnum: MSRP $35,675 - Selling Price $34,500
Murano: MSRP $38,055 - Selling Price $35,900
 
I have based both selling prices essentially on Edmunds TMV (true market value) prices for what these are selling for (based on my zipcode).
Thanks for any help you can be.
#23 of 51
2006 Magnum RT (Help!) by arch1sf
Mar 03, 2006 (8:18 pm)
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Car man, Help!
I have negotiated the following:
2006 Magnum 2WD R/T (loaded) MSRP $38,160
Selling price $33,160 (this is $4,000 off msrp Dealer plus $1,000 off Chrysler Financial)
I asked for a 36mo/12K lease.
The dealer is saying that current money factor is .0031 and residual is 49%. Based on your previous posts for this car, both of these seem high (especially the money factor...).
I need your advice badly to either talk or walk...
Thanks-
(from San Francisco)
#24 of 51
2006 MAgnum R/T Lease by rynpamn21
Mar 06, 2006 (2:06 pm)
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Hey Car_man! I hope you can come back soon. I almost drove off in a Magnum R/T right now but the Dodge Dealership in Cerritos is trying to stick me with high lease payments. I was looking at a 06 magnum r/t, msrp 33,085. Got them down to $27,995. They said that I am getting an extra $1000 off. I went to leaseguide.com and used their calculator. For a 39 month, 12miles a year lease, I got a quote of 435.09 w. tax and license using .00333 money factor, acquisition fee of $700 and 50% residual. When I went to the dealership they quoted me for $475 using the same numbers. Who made the mistake here? Tax for me is 7.75%. Please help....
#25 of 51
Magnum R/T Lease Rates by arch1sf
Mar 08, 2006 (12:08 pm)
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Car Man,
In my earlier post I referred to MF and Residual from the dealer. He faxed me a page with the heading "West Business Center Programs (A+ through B Tiers)" with variuos dodge models listed and rates. This does list "Effective Dates" typically from 1/10/06 to 3/31/06. I am interested if this matches what you refer to as DaimlerChrylser rates (see my earlier post for specifics). I am not sure if I belive him yet...
Thanks-
San Francisco
#26 of 51
Re: 2006 Magnum RT vs 2006 Murano SE AWD lease [arch1sf] by Car_man HOST
Mar 09, 2006 (2:37 am)
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Replying to: arch1sf (Feb 10, 2006 10:13 am)

Thanks for the additional information, arch1sf. OK, if you were to lease a 2006 Dodge Magnum RT 2WD with an MSRP of $35,675 and a selling price of $34,500 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $584.
 
If you were to lease a 2006 Nissan Murano SE AWD with an MSRP of $38,055 and a selling price of $35,900 through NMAC right now for 39 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around a much more reasonable $480.
 
Keep in mind though that most smart consumers who shop around can easily beat the TMV prices that are listed here at Edmunds.com.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#27 of 51
Re: 2006 Magnum RT (Help!) [arch1sf] by Car_man HOST
Mar 09, 2006 (2:41 am)
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Replying to: arch1sf (Mar 03, 2006 8:18 pm)

Hey arch1sf. Unfortunately, the money factor that you were quoted for this vehicle is correct. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month, 12,000 mile per year lease of a 2006 Dodge Magnum 2WD are .00329 and 52% respectively for consumers who qualify for its top credit tier.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#28 of 51
Re: 2006 MAgnum R/T Lease [rynpamn21] by Car_man HOST
Mar 09, 2006 (2:44 am)
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Replying to: rynpamn21 (Mar 06, 2006 2:06 pm)

Hi rynpamn21. I just worked up a sample lease payment on this vehicle for you and according to my calculations if you were to lease a 2006 Dodge Magnum RT 2WD with an MSRP of $33,085 and a selling price of $27,995 through Chrysler Financial right now for 39 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $426.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#29 of 51
is it even possible? by rynpamn21
Mar 15, 2006 (10:46 pm)
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Ok after getting a quote from car_man for a dodge magnum R/T, I have emailed several other dealers telling them what I want and have a 730 credit score, ZERO downpayment, 36-39 month lease, 12 miles a year. Of the 8 I emailed I have gotten 5 back saying they can't do it.
 
Cerritos Dodge called my back trying to get me into an SXT MSRP $27950 and current advertised price is 23995, used .00329 MF and 52% RV and came up with 388 a month with taxes for a 39 mo, 12 t miles a year lease. They were trying to stick me with $456 a month payments...Almost blew a gasket. Why would I get an SXT for 20 bucks less than what they quoted me for an R/T a week ago?! Anyway, anybody live in socal? Orange County? Or even LA county? AM willing to drive up to 100 miles just to get the deal that is being quoted here.
#30 of 51
Dodge Lease Quotes by arch1sf
Mar 16, 2006 (10:35 am)
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Rynpamn21,
I think you will find that the Dodge Lease computer for quotes loads all fees, DMV, and taxes, (and even the first month lease payment) into the monthly cap cost. This means that for a $0 down lease, your driveoff is essentially $0. Perhaps Carman was assuming that fees, taxes, and first month lease payment are due at signing which typically total about $1.8k (which is more typical for other car leases)? If this is what Carman assumed, then his monthly would be lower than what Dodge would qoute you. Ask what your drive-off will be and this will tell you how they figured it.
Goodluck,
JS
#31 of 51
car_man you there? by rynpamn21
Mar 19, 2006 (12:25 am)
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Hey Car_man, is arch1st right?

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