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Dodge Charger: Lease Questions

92 messages,  Last post on Mar 30, 2009 at 2:29 AM

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

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#89 of 92 Re: Dodge Charger lease [sammin] by ryster Jun 01, 2008 (8:28 am)
Replying to: sammin (May 19, 2008 5:56 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. Replies to this message: h0ld3m (Jun 02, 2008 2:36 am)
#90 of 92 Re: Dodge Charger lease [ryster] by h0ld3m Jun 02, 2008 (2:36 am)
Replying to: ryster (Jun 01, 2008 8:28 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 92 Lease question for Car man by 1cent Mar 21, 2009 (11:38 am)
Am about to do a 36 mo lease on Charger SXT with leather. Can you tell me the residual and money factor? Replies to this message: Car_man (Mar 30, 2009 2:29 am)
#92 of 92 Re: Lease question for Car man [1cent] by Car_man HOST Mar 30, 2009 (2:29 am)
Replying to: 1cent (Mar 21, 2009 11:38 am) 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

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