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Pickups Dodge Ram Dodge Ram Pickup Lease Questions
73 messages, Last post on Jan 30, 2009 at 3:46 AM
You are in the Dodge Ram Forum. Your Host is kcram
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Dodge Ram Pickup. Thanks. Car_man Host Smart Shopper / Prices Paid Forums
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Hi Car_man, I am currently leasing a 2002 Dodge Ram 1500 Sport. My lease ends June 1, 2006 and was wondering about some options. My payments are currently $595.50/mo and current lease payoff is $18,959.12 (as of 9/23/05). I am trying to relieve some of my debt (and with gas prices) I would like to lower my truck payments. Should I wait until the lease end and finance the truck for the lease end price $14,156 (closed end lease) or could I try and refinance it now and lower my payments. Thanks for any assistance you can provide. |
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Hi eel14. It is usually fairly expensive to get out of leases before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive. If you really want to purchase your truck, you will probably be better off waiting until the scheduled end of your current lease to do so. About a month or two before your lease's termination date, place a call to Chrysler Financial (or whichever bank you are leasing through) and see if they will negotiate your trucks' purchase price. there is no guarantee that they will be willing to work with you, more often than not they won't, but you don't have anything to lose by asking. Car_man Host Smart Shopper / Prices Paid Forums |
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Can you please provide the money factor and residual for the truck above? Again, 2005 Ram 1500 4x4 QuadCab Hemi. Let me know if you need further details. thanks!
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Replying to: b55140 (Sep 26, 2005 9:52 am) Thanks! |
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Here's the information that you are looking for, b55140. If you were to lease a 2005 Dodge Ram 1500 SLT Quad 4WD through Chrysler Financial in October for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00298 and 49%, respectively. When negotiating your lease on this truck, make sure to keep in mind that DaimlerChrysler is currently providing $5,000 lease cash on it plus it is giving dealers up to another $1,500 dealer cash under the table. The exact amount of dealer cash that is available on this truck will depend upon the number of trucks the dealer that you are working with sells. They will probably be getting $500 to $1,000 dealer cash on top of the lease cash. Car_man Host Smart Shopper / Prices Paid Forums |
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Could you provide current numbers/incentives for an 06 Ram Quad Cab Sport Lease? Thanks.
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Replying to: petey50 (Jan 19, 2006 9:11 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Hi everyone, I am trying to get some info on the Extra Credit Program, I have visited several local dealerships and no one seems to know much about it. I am looking at leasing a 2006 Dodge Ram Quadcab SLT 4wd, Hemi,with Big Horn package, sticker is $35,115. What kind of options could I qualify for under the Extra Credit program with a 740 credit rating? Deferred and Graduated payments combined? I just graduated college and start my job March 1st so the Deferred and or Graduated payments would be very helpful. Also what is a good deal for a lease on this truck? Thank you!
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A local dealership has a 2006 Ram with a MSRP of $32,830 for lease, $89 per month/27 months, 27,000 miles with $3850 down (this deal also includes $1000 lease loyalty which I would qualify for) Without the lease loyalty reduction they have the lease for $119 per month, all other terms the same. Would it be reasonable to try to get the $35,115 MSRP truck for around $150 month with all other terms the same? |
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