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Dodge Charger, Dodge Charger SRT-8, Car Leasing, Sedan
#58 of 128 2007 Dodge Charger R/T Lease for South Florida
Sep 27, 2007 (3:20 pm)
Can someone, please, tell me what the residual value for a 2007 RT would be on a 36 mo lease, 12K miles in South Florida? Also, would the number be any different for a 2008 Charger, same conditions?
Thanks in advance!
#59 of 128 Residual and money factor on a 2008 charger
Dec 09, 2007 (11:28 pm)
Where can I find out the residual value and money factor for a 2008 charger r/t in s.california?
Is the money factor negotiable in any way? Is it set by the lease company and if so can the dealer inflate it and profit from the difference?
#60 of 128 Re: Residual and money factor on a 2008 charger [aaronlucy]
Dec 21, 2007 (3:02 am)
Greetings aaronlucy. Here is the information that you are looking for. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Dodge Charger R/T 2WD with 15,000 miles per year are .00208 and 50%, respectively. Dealers are not allowed to lower banks' published residual values, but they are often allowed to mark them up to add additional hidden back-end profit to deals.
When negotiating your lease on this car, make sure to take advantage of the $3,000 lease cash that Chrysler is currently providing on it. This cash will help you to negotiate an attractive capitalized cost for your lease.
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#61 of 128 Looking at the 08 Charger SXT
Jan 01, 2008 (8:03 pm)
Well I thought I had my mind all made up with a recent quote on an '08 Accord LX-P for $269/month for 36months/12k/yr with only $696 down. Factoring in the downpayment, that's about $288/month.
I'm wondering if I can get the new Charger for anywhere near that. I'm located in MA if that helps.
I did some of my homework. I know the '08 Charger SXT with "G" package MSRP is $26,360($25,685 + destination of $675).
Minus the $2,000 incentive brings me down to $24,360. Invoice on the car is $23,867 or $24,542 with the destination charge added.
I'd like to do a 36 month lease with 10,500 mi/month.
Can anyone provide me with the money factor and residual value based on these figures? I am using the lease calculator at www.leaseguide.com although it doesn't seem to put out the same numbers as the dealers I've talked to.
Does anyone recommend a different lease calculator? Thanks for your time!
#62 of 128 Re: Looking at the 08 Charger SXT [mike513]
Jan 16, 2008 (3:51 am)
Hi mike513. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Dodge Charger SXT 2WD with 10,500 miles per year are .00118 and 51%, respectively.
Edmunds.com has a calculator that you can use to calculate your vehicle's payment: Edmunds.com Lease Calculator. Also, you can always use the formula that is outlined in the following article to calculate your monthly payment manually: Calculate Your Own Lease Payment.
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#63 of 128 Re: Looking at the 08 Charger SXT [Car_man]
Jan 21, 2008 (12:02 pm)
I'm a regular reader of your posts, but now a new member to this great Forum. As a follow-up to the 08 Charger SXT lease question, I wanted to inquire about an R/T. How does this deal rate with the following factors:
39 month term
10,500 miles per year
52% residual value
.00311 money factor
$29,100 Selling Price
$447.63 Total Monthly Payment (tax included 7.75%)
What are the current money factors for the R/T and/or the Daytona R/T?
Thanks, I appreciate your input and look forward to future posts.
#65 of 128 Dodge Charger lease
Feb 06, 2008 (2:21 pm)
Chrysler just came out with a new lease for the Dodge Charger "SE Plus".
They list the payment as 24 months $129/month with 10,500 miles per year.
this statement is embedded in the lease terms:-
"The Lease payments below are before any fees/taxes and include no more than $1999 due- at-signing (down payment plus 1st month payment)."
What does it mean and what is the residual and money factor...??
This is in Michigan.
Feb 06, 2008 (4:17 pm)
When I lease a vehicle in Michigan, the dealership (TAMAROFF), charges me a "RED TAX". This is the tax on whatever rebate Chrysler gives on the vehicle.
MSRP = $34,000
Dealer rebates = $3000
RED TAX = $180.00 (Michigan sales tax is 6%)
Is this legal in michigan ...????
#67 of 128 Re: RED TAX [mandrake2]
by kyfdx@Edmunds HOST
Feb 06, 2008 (6:47 pm)
I'm guessing that RED is short for Cap Cost Reduction..
In general, factory rebates, or any other downpayment, paid upfront on a lease (or purchase) is taxable.
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