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Dodge Charger: Lease Questions

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

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

    

Messages Page 9 of 13

#81 of 124 Charger RT by vgx

May 19, 2008 (4:04 am)

Hello,
 
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.
 
Thanks!!

#82 of 124 Re: Dodge Charger lease [Car_man] by sammin

May 19, 2008 (6:56 am)

Replying to: Car_man (May 12, 2008 2:51 am)
Hi Car-Man
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?
 
Thanks!

#83 of 124 Lease offer by sammin

May 22, 2008 (10:31 am)

Hi guys-
  
I'm new to the forum, it's a great site!
  
I’ve admired the Charger since it came out, and I think I’m ready to pull the trigger on one.
  
Here is the lease deal I was offered:
  
2008 Dodge Charger RT AWD
Black/Dark Slate
Fully loaded - Package 29P, DVD-My Gig, rear seat entertain, HID, sunroof, basically the whole shebang.
  
MSRP: $40,345
Selling Price: $38,253
less $3,000 from Dodge
Final selling price: $35,253
  
36 months
51% resid
.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
  
Any thoughts?

#84 of 124 Re: Lease offer [sammin] by wolfews6

May 22, 2008 (12:22 pm)

Replying to: sammin (May 22, 2008 10:31 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 124 Re: Lease offer [wolfews6] by wolfews6

May 22, 2008 (12:27 pm)

Replying to: wolfews6 (May 22, 2008 12:22 pm)
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

#86 of 124 Re: Lease offer [sammin] by vgx

May 22, 2008 (7:50 pm)

Replying to: sammin (May 22, 2008 10:31 am)
As far as pricing goes, they are probably hungry to make a sale. You should get invoice minus at least the $3,000 incentive. Edmunds also indicates there is $400 trunk cash in every Dodge sold in 2008, so you might want to shoot for that as well.
 
There aren't too many people willing to buy fully loaded V-8's right now from what I've seen.

#87 of 124 Re: Dodge Charger lease [mandrake2] by lunchmeats

May 29, 2008 (11:43 am)

Replying to: mandrake2 (May 06, 2008 11:10 pm)
Sounds like a great deal. Where did you get the car. What is the MSRP, is it rear wheel drive, who was the sales guy?
 
Thanks
Ivan

#88 of 124 R/T AWD, Lease Signed May 30 by h0ld3m

May 31, 2008 (10:05 pm)

Brilliant Black Charger R/T AWD
Customer Pref Pkg 29P
Protection Group
MyGIG w/out Nav
 
MSRP: 36,515
Cap Cost: 32,515 (w/emp disc)
Cap Reducts: 4,500 (3k natl incen, 500 rgnl incen, 1k lease loylt)
 
Net Cap: 31,377 (incl tax,title,lic,doc)
 
Resid: 52%
MF: 0.00206
Term: 36 mos
Mileage: 10,500
 
No money down, waived payment until July.
 
Mthly $$$: 449

#89 of 124 Re: Dodge Charger lease [sammin] by ryster

Jun 01, 2008 (9:28 am)

Replying to: sammin (May 19, 2008 6:56 am)
Total allocated gallons of gas for a Dodge Charger RT on the $2.99 deal is 2,000 gallons over the 36 month period. Additionally, it only covers 87 octane. If you want to run 89, then the deal is $3.14, if you want to run premium the deal is $3.29.
 
It all boils down to how much you drive and how high gas prices go. Based on today's national average of $4.02 for 87 octane, 2,000 gallons of gas would be $8,040.00. Your price is $2.99/gallon for a total of $5,980.00. The net savings under the program would be $2,060.00. Of course, as gas prices fluctuate so does the value of the incentive.
 
There is also $1,000 bonus cash under the gas incentive, so the full current value of the incentive is $3,060...$60 more than the $3,000 cash back incentive.
 
Would you rather pay more for the vehicle and get subsidized gas for 12,000 miles per year, or would you rather pay less for the vehicle upfront and gamble on where gas goes?
 
Also keep in mind that the gas incentive has certain windows each year. The "years" end every 7/31, so year 1 ends on 7/31/09, year 2 ends 7/31/10, and year 3 ends 7/31/11. If you don't use all of the 666 allotted gallons each year you forfeit the remainder and they don't roll over. In that case, you wouldn't be using the full incentive.
 
Quick math assuming $4.02 gas, and sticker price of $40,000
 
Gas incentive:
$40,000 sticker
 
$38,000 negotiated price
minus $1,000 let's refuel bonus cash
= $37,000 purchase price
plus $5,980 your cost for 2,000 gallons of "discounted" gas
= $42,980 total
 
Regular incentive:
$40,000 sticker
 
$38,000 negotiated price
minus $3,000 cash back
=$35,000 purchase price
plus $8,040 (2,000 gallons of $4.02 gas)
= $43,040 total
 
You are saving $60 with the gas incentive based on today's gas price. The higher gas goes, the more you will save with the gas incentive. If you decide to run mid-grade or premium in your Hemi, the regular cash back incentive will ultimately be the better deal.
 
If you finance the purchase, finance charges will be higher on the gas incentive deal as opposed to the standard cash back deal. Based on a 5% loan rate, the cash back deal actually becomes $200 or so less when you add in 36mo worth of finance charges.
 
Personally, I would rather pay less for the vehicle upfront and take a risk with the price of gas. From what I have read, $4.00 - $5.00 gas is to be expected until at least 2010, and even if it does go down it will never go back much below $3.75.
 
Now, if we have a bad hurricane season (God forbid) and gas hits $6.00 per gallon like they say it could under certain circumstances, the gas incentive would really pay off.
 
At the end of the day, it is purely a gamble.

#90 of 124 Re: Dodge Charger lease [ryster] by h0ld3m

Jun 02, 2008 (3:36 am)

Replying to: ryster (Jun 01, 2008 9:28 am)
Well done.
 
This is the reason I choose up-front cash incentives.
 
Another thing to note is that this gas card is not tied to any particular vehicle. You could use it for another vehicle that uses regular octane, or a boat, or a lawn mower.

Messages Page 9 of 13

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