35 messages,
Last post on Feb 20, 2008 at 3:39 AM
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Dodge Caliber, Dodge Caliber SRT-4, Car Leasing, Car Buying
#27 of 35 Lease charges
by equuspwr
Jan 09, 2008 (9:18 pm)
Has anyone ever heard of a charge to turn a leased car in? Not extra mileage or damage, or tires, or anything like that. This was on the form when I signed for the lease. The sales mgr. said it covered the cost of transportation and other miscellaneous expenses. Is it legit??
#28 of 35 Re: Lease charges [equuspwr]
by bossman141
Jan 10, 2008 (10:12 am)
I remember when I leased my cars one of the selling points was no Disposition (?) charge. I asked what that was and was told that it was the charge to return the car. I remember telling the salesman that I couldn't believe that anyone would have the nerve to charge that fee.
#29 of 35 Re: Newbloke [newbloke]
by Car_man HOST
Jan 16, 2008 (3:40 am)
Greetings newbloke. This particular discussion is for consumers to discuss leasing the Dodge Caliber. You will have better luck getting others' opinions on this car b visiting the "Dodge Caliber" and the "New Caliber Owners - Give Us Your Report!" discussions.
Car_man
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#30 of 35 Re: Good Deal or Not? [equuspwr]
by Car_man HOST
Jan 16, 2008 (3:59 am)
Hi equuspwr. Residual values and money factors are not calculated. Banks that lease vehicles provide dealerships with lists of what factors and residuals they must use to calculate vehicles' lease payments. The following article describes how to do so: Calculate Your Own Lease Payment.
Let's take a look at your deal. You leased a 2008 Dodge Caliber SXT 2.0L that has an MSRP of $18,850 and a selling price of $16,252. You are being given a discount of around $2,600 on a car that doesn't have much of a spread between its MSRP and dealer invoice price. This looks like a very attractive price to me. Just make sure that the dealer you are working with used Chrysler Financial's buy rate lease money factor of .00125 to calculate your monthly payment and you're all set.
Car_man
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#31 of 35 Re: Lease charges [equuspwr]
by Car_man HOST
Jan 16, 2008 (4:08 am)
Hello equuspwr. Many banks charge an an end-of-term fee known as a disposition fee on leases. The last time that I checked, Chrysler Financial charged a $425 disposition fee to customers who turn-in their leased vehicles and do not lease a new one.
Car_man
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#32 of 35 Thanks for all your help Car man
by equuspwr
Jan 22, 2008 (2:55 pm)
I went ahead and leased the car. I'm not sure whether I got a good deal or not. This is the first time I ever leased a car and I wasn't too lease savvy. Like I said, The car's msrp was 18,850, the selling price wound up to be 16,300, and I put 1,500 down and pay 218 a month, 36 months, 12,000 miles a year. Free oil changes for the entire lease too. They say ignorance is bliss, so I am very blissful. I am happy with the car so far. It runs nice, looks nice and is living up to my expectations so far. True, I only have about 300 miles on it so far, but I will keep you updated on the car in one of the other owner forums. Thanks again.
#33 of 35 Re: Thanks for all your help Car man [equuspwr]
by Car_man HOST
Feb 20, 2008 (3:39 am)
You're very welcome, equuspwr. Thanks for stopping back and letting us know how everything turned out. I'm glad that you like your car so much. It looks like you did fine. Enjoy your new ride!
Car_man
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