Last post on Oct 06, 2013 at 6:36 AM
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Dodge Charger, Dodge Charger SRT-8, Car Leasing, Sedan
#76 of 128 SRT-8 MF and Residuals
May 05, 2008 (8:21 pm)
Great Forum - thanks so much!!!
Can you provide the money factor and residuals for a 2008 SRT-8? I'm looking at 36 months (or possibly shorter) and 15k miles per year. I'm in Phoenix AZ
#77 of 128 Re: Dodge Charger lease [Car_man]
May 06, 2008 (10:10 pm)
Thanks Car_man, and sorry for the delay.
I managed to snag a Charger SE Plus for $500 out of pocket, which includes the first month's rental, The lease is for 27 months, 10,500 miles/year and a payment including taxes of $218.00 a month.
Car performs well, but seems a little heavy on gas compared to the Crossfire (not much of a comparison).
#78 of 128 Re: SRT-8 MF and Residuals [chrisaz]
May 07, 2008 (4:33 pm)
chrisaz- I do not have the residuals that you are looking for however I gained some inside info when I leased my Charger RT with the road & track package.
The money factor is actually a range and the dealer can decide how much to charge. I do not know what the range is (i.e. highest and lowest possible money factors) but it can vary up to about 4% as an APR. Of course to get an approximate APR multiply the money factor by 2,400.
I ened up with a 1 pay lease which dropped the money factor from about 4% apr to 2%. The original money factor quote from my dealer was higher than 4% and the dealer was only making ~$200 on the 4% , therefore I think the 4% is the bottom on a 27 month lease.
If you do a search on cars.com these are listed link title and the money factor is much higher than my dealer charger.
My advice to you is to NOT lease an SRT8. Once you go to the dealer you will find out it is NOT the cheapest and it will not change your payment by much rather than purchasing.
There are a lot of low mileage (under 5k) used SRT8's that have already paid the gas guzzler tax and are about $35k fully loaded. With gas at $4 a gallon some people are looking to unload their gas guzzlers "cheap"I would look used and find your own financing. Car loans are under 5% now at most credit unions.
#79 of 128 Re: SRT-8 MF and Residuals [chrisaz]
May 12, 2008 (1:36 am)
Hi chrisaz. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Dodge Charger SRT-8 with 15,000 miles per year are .00276 and 57%, respectively.
Prices Paid: Buying & Leasing Experiences Forum
#80 of 128 Re: Dodge Charger lease [mandrake2]
May 12, 2008 (1:51 am)
No problem, mandrake2. Thanks for stopping back to let us know how everything turned out. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your new ride .
Prices Paid: Buying & Leasing Experiences Forum
#81 of 128 Charger RT
May 19, 2008 (3:04 am)
Looking through this thread, it looks like the Charger RT money factor and residual were .00189 and 52% back in February for a 36 month lease with 10,500 miles per year. Have these numbers changed at all? I am in Central FL and thinking about working out a deal for an RT this month.
#82 of 128 Re: Dodge Charger lease [Car_man]
May 19, 2008 (5:56 am)
I am looking at a pretty well optioned 2008 R/T AWD. Do you have residuals and money factors for a 36 month/12,000 mile lease?
Also, what do you think of the $2.99 gas offer on a vehicle such as this vs. rebates, which I think are $3,000-$4,000 right now?
#83 of 128 Lease offer
May 22, 2008 (9:31 am)
I'm new to the forum, it's a great site!
Iíve admired the Charger since it came out, and I think Iím ready to pull the trigger on one.
Here is the lease deal I was offered:
2008 Dodge Charger RT AWD
Fully loaded - Package 29P, DVD-My Gig, rear seat entertain, HID, sunroof, basically the whole shebang.
Selling Price: $38,253
less $3,000 from Dodge
Final selling price: $35,253
.00206 money factor
Down payment: $2500
Out the door payment, including 8.39% NY tax, all dealer fees, DMV fees, tire waste fees, etc. = $544.00 per month.
Off hand it seems pretty good, but I would like to get another $700 off which would get it down to $525
#84 of 128 Re: Lease offer [sammin]
May 22, 2008 (11:22 am)
The selling price seems a little high to me. Find out what the invoice price is and pay that or less. Check out the charger forums and ask there as well before you pull the trigger. I found this site worthless when I was in the buying process. You are lucky if anyone (even Carman) replies to you within a week.
How many miles a year is your lease?
You will be paying almost $600/ mo to lease this Charger. You might be able to lease an SRT8 for that price. My car stickered for $37,875 R/T with R pkg, moonroof and P pkg. My 27 month lease is significantly lower, but I also qualified for lease loyalty an EP pricing.
#85 of 128 Re: Lease offer [wolfews6]
May 22, 2008 (11:27 am)
You could buy this car for less per month (just an example) link title
This website keeps messing with the link so just go to the chargerforums in the cars for sale section to see what I am referring to