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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 10 of 13

#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.

#91 of 124 Lease question for Car man by 1cent

Mar 21, 2009 (12:38 pm)

Am about to do a 36 mo lease on Charger SXT with leather. Can you tell me the residual and money factor?

#92 of 124 Re: Lease question for Car man [1cent] by Car_man HOST

Mar 30, 2009 (3:29 am)

Replying to: 1cent (Mar 21, 2009 12:38 pm)
Hi 1cent. You aren't by any chance related to 50 are you? OK, I know that it was bad but it's early and I haven't had enough coffee yet so cut me some slack . Unfortunately, as a result of Chrysler's financial problems Chrysler Financial is not leasing vehicles any longer. You might be able to lease a Charger through an independent bank, but chances are you would be better off financing or paying cash for this car.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#93 of 124 Current Residual and MF? by ajfitzer

Nov 29, 2010 (2:48 pm)

Anyone know what the Current Residual and MF are for a R/T with AWD? Dealer just quoted me a sticker price of $22,500 with current incentives.

#94 of 124 Re: Current Residual and MF? [ajfitzer] by Car_man HOST

Dec 20, 2010 (1:58 pm)

Replying to: ajfitzer (Nov 29, 2010 2:48 pm)
Hi ajfitzer. For some reason, it appears as though Chrysler is currently only providing lease support on base Charger models. If you want to go with an R/T or AWD, you will be better off financing than leasing. Chrysler is providing 0% financing for up to 6 years on the 2010 Charger right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#95 of 124 2012 Charger R/T Max residual and MF by eburns

Jan 17, 2012 (5:33 pm)

Hi Car Man,
   First, thanks for the all of the assistance in this past; this board has saved me quite a bit of money on leases over the last few years.
   I'm working on a new lease on a Charger R/T Max (there is a heck of a deal for anyone who is a USAA member right now), but I'm getting very different answers from dealers on MF and residuals. Can you confirm what they really are? Looking at 3 years, 10k per year.
 
Thanks in advance!

#96 of 124 Re: 2012 Charger R/T Max residual and MF [eburns] by Car_man HOST

Jan 29, 2012 (3:54 pm)

Replying to: eburns (Jan 17, 2012 5:33 pm)
You're very welcome eburns. I'm glad that we have been able to help you out.
 
Ally's current base lease rate and residual value for a 36-month lease of a 2012 Dodge Charger R/T Max with 10,000 miles per year are 2.5% and 55%, respectively.
 
I believe that there's a $1,000 cash incentive on leases of this car right now. Make sure to take it into account during your negotiations.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#97 of 124 Re: 2012 Charger R/T Max residual and MF [Car_man] by eburns

Jan 29, 2012 (5:06 pm)

Replying to: Car_man (Jan 29, 2012 3:54 pm)
Thanks Car Man; that beats the most recent 3.4% APR I've been quoted.

Messages Page 10 of 13

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