Ask the Car People.SM


Dodge Charger: Lease Questions

124 messages,  Last post on Mar 11, 2013 at 4:07 PM

You are in the Dodge Charger Forum.

What is this discussion about? Dodge Charger, Dodge Charger SRT-8, Car Leasing, Sedan

    

Messages Page 8 of 13

#65 of 124 Dodge Charger lease by mandrake2

Feb 06, 2008 (3:21 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.

#66 of 124 RED TAX by mandrake2

Feb 06, 2008 (5:17 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.
example:
MSRP = $34,000
Dealer rebates = $3000
RED TAX = $180.00 (Michigan sales tax is 6%)
Is this legal in michigan ...????

#67 of 124 Re: RED TAX [mandrake2] by kyfdx HOST

Feb 06, 2008 (7:47 pm)

Replying to: mandrake2 (Feb 06, 2008 5:17 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.
 
regards,
kyfdx
Host-Prices Paid Forums

#68 of 124 Re: Looking at the 08 Charger SXT [occarbuff] by Car_man HOST

Feb 20, 2008 (3:46 am)

Replying to: occarbuff (Jan 21, 2008 1:02 pm)
Welcome OCcarbuff. I'm glad to hear that you read the forums so much. The money factor that you were quoted for the Charger R/T that you are interested in is way too high, unless you're talking about the SRT-8 version of the Charger. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month lease of a 2008 Dodge Charger R/T 2WD with 10,500 miles per year are .00253 and 51%, respectively. This car's 36 month numbers look a little better at .00189 and 52%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#69 of 124 Re: Dodge Charger lease [mandrake2] by Car_man HOST

Feb 20, 2008 (3:55 am)

Replying to: mandrake2 (Feb 06, 2008 3:21 pm)
Greetings mandrake2. According to the latest information that I have seen, Chrysler Financial's lease program for the Dodge Charger is nothing to get excited about. Its current buy rate lease money factor and residual value for a 24 month lease of a 2008 Dodge Charger SE with 10,500 miles per year are .00323 and 61%, respectively. If you really want to lease a Charger, the best way to get a good deal is to look up the dealer invoice price for the exact model that you want in the New Vehicle Pricing section of Edmunds.com, subtract the $3,000 lease cash that is currently available on it, add a few hundred dollars back for the dealer, and see if you can find a dealer to lease you the car that you want at that price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#70 of 124 Monthly payments by lewielew

Feb 24, 2008 (6:40 pm)

Can you give me approx LEASE payments for the following cars below. Is it advantageous to go longer term or short?
 
48 mo- 15k year
 
 2008 Dodge Charger SXT,
 
msrp 26385.00, invoice 24,545, new car book 25,540
 
2000 lease money back that i'll use for down payment.
  
Where can I find out what cars are in high demand?
  
In your opinion what should I pay for each?

#71 of 124 Re: Monthly payments [lewielew] by Car_man HOST

Apr 09, 2008 (2:20 am)

Replying to: lewielew (Feb 24, 2008 6:40 pm)
Hi lewielew. Let's work up a sample lease payment on this car and see what we come up with. According to my calculations, if you were to lease a 2008 Dodge Charger SXT that has an MSRP of $26,385 and a selling price of $23,045 ($500 over invoice minus the $2,000 cash incentive) through Chrysler Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $338. I worked up a 3 year lease for you because Chrysler is not currently providing much in the way of support on 4 year leases of this model right now. The 36 month term is a better deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#72 of 124 April Lease Rate by wolfews6

Apr 14, 2008 (7:21 am)

My local paper (NW Ohio) has a 2008 Charger SE plus pkg for $109/ mo for 10,500 mi/yr and 24 mo. This is with $1998 down (includes first months pymt) and also includes employee discount and lease loyalty.
 
Does anyone know the 24 month residuals values for the SE plus, the R/T and the AWD R/T? It would also be helpful to know the money factor for each.
 
With the SE Plus I estimate that a $0 down sign and drive lease including taxes would be about $220.
 
I would like to lease an AWD RT, but depending on the residual and money factor it could be $400+ a month.
 
I plan to contact the dealer in the next couple of days. If I know the residual and money factors on these cars I will know if they are trying to rip me off on the R/T since I really do not want the smaller engine.

#73 of 124 Re: April Lease Rate [wolfews6] by wolfews6

Apr 15, 2008 (5:18 am)

Replying to: wolfews6 (Apr 14, 2008 7:21 am)
I was quoted $419 a month $0 down for an AWD R/T with moonroof 10.5k/yr 27 mo. This included lease loyalty and employee discount. MSRP $34,730
 
I was also quoted $491/mo $0 down on a R/T R. Pkg that had HID's, NAV, Blue tooth, moonroof this was 10.5k/yr 27 mo. This included lease loyalty and employee discount. MSRP $39,855

#74 of 124 Re: April Lease Rate [wolfews6] by wolfews6

Apr 15, 2008 (8:58 am)

Replying to: wolfews6 (Apr 15, 2008 5:18 am)
Charger R/T has a 57% residual and a .00199 money factor. This is what my dealer just quoted for a 27month 10,500 mi/yr lease.
 
This was specifically on the R package car with the $491 pymt

Messages Page 8 of 13

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement