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Dodge Durango: Lease Questions

46 messages,  Last post on Sep 16, 2007 at 5:21 PM

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What is this discussion about? Dodge Durango, Car Leasing, SUV

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#2 of 46 Dodge Durango: Lease Questions by Car_man HOST Sep 07, 2005 (2:13 am)
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Dodge Durango. Thanks.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: crog (Mar 20, 2006 10:15 am) Car_man (Apr 03, 2006 3:53 am) rsedajr (Sep 16, 2007 5:21 pm)
#3 of 46 lease by ksb1 Oct 21, 2005 (2:27 pm)
whats the best 24 month lease on a 2005 Durango?
#4 of 46 Re: lease by Car_man HOST Oct 30, 2005 (6:03 am)
Hi ksb1. The exact cost of a 24 month lease of a Dodge Durango will depend upon the exact model that you are interested in. Not only do the prices of the Durango vary quite a bit by trim level, but its lease program varies by trim as well. The cost to lease a 2006 Dodge Durango Limited 2WD will be different than the cost to lease a 2005 Durango SLT 4WD. If you let me know the exact model that you want, along with its full MSRP and approximate selling price I can tell you exactly how much it will cost to lease right now.   Car_man Host Smart Shopper / Prices Paid Forums
#5 of 46 2006 durango lease by uffllaa Dec 16, 2005 (8:38 pm)
im looking to lease a 2006 durango limited with the hemi engine. i'll need 15000 miles/year. MSRP is just over 39k, and one dealer offered a sale price of just over $36k - less $4750 in various rebates. i was told by a local dealer that the money factor currently is .00001. can you verify, and give me some idea as to the residual. thx Replies to this message: Car_man (Dec 30, 2005 3:26 am)
#6 of 46 Re: 2006 durango lease [uffllaa] by Car_man HOST Dec 30, 2005 (3:26 am)
Replying to: uffllaa (Dec 16, 2005 8:38 pm) Hi uffllaa. This truck's exact money factor and residual value will vary depending upon how long you lease it for. 39 months is by far the most attractive lease term for this model right now, so I will assume that is the length lease that you want. If you were to lease a 2006 Dodge Durango Limited 2WD (I assume that you want the 2WD model) through Chrysler Financial right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00001 (as you were told) and 43%, respectively.   Car_man Host Smart Shopper / Prices Paid Forums
#7 of 46 I think dealer is trying to scam me with his mistake. by bizpro1 Feb 06, 2006 (6:08 pm)
Today is 2/06/06. I leased a car on 12/27/05 & paid dealer 1st month payment of $398 on 39 mo. lease. I never received payment book so I call ChryslerFinancial daily because I want to pay for my leased Durango. They say the same thing everyday-that I should call dealer since 5 weeks is too long for paperwork to reach them. Today I get a call from the dealer after 5 weeks asking me to come into the dealership because HE made a mistake on the sales tax. He promised me that he will keep the payment the same. I just looked at my old contract and notice that the buy back is stated at $3.00 on my new leased car (its a $30,000 car). I told dealer to mail me the new contracts and I will put them side by side and if the monthly rate is the same and he only changed the state sales tax as he stated was the problem, I will sign them. (Im still waiting for papers). If the buyback is changed on the new contract, which I think they are up to...should I call my lawyer? ChryslerFinancial told me the if the lease is not right, they dont buy the note and send it back to the dealer, so I think he is sitting on a hot potato. Any advice? My friend tells me that dealer should have approached me honestly regarding the problem and since they are using a lie to get new papers signed, that I should dispute dealer? Replies to this message: jwlsngold (Sep 14, 2006 4:50 pm)
#8 of 46 Re: Dodge Durango: Lease Questions [Car_man] by crog Mar 20, 2006 (10:15 am)
Replying to: Car_man (Sep 07, 2005 2:13 am) I want to lease a 2006 Durango SLT for 36mo.(12,000mi per yr.), 4X4,4 door Sport. Mfr's list: $35,500, Dealer price after $3000.rebate and dealer discount: $29,747. My credit score is excellent. Clean deal with no trade in. What would the Residual rate be and the approx.interest rate? What would the right Acquisition Fee be? With a good credit score,should the security deposit be waived? What should my monthly payments be with $8000.00 down payment? I will be dealing with Northtown Dodge in Amherst, NY Replies to this message: Car_man (Apr 03, 2006 3:53 am)
#10 of 46 Re: Dodge Durango: Lease Questions [crog] by Car_man HOST Apr 03, 2006 (3:53 am)
Replying to: crog (Mar 20, 2006 10:15 am) Hello crog. If you were to lease a 2006 Dodge Durango SLT 4WD through Chrysler Financial on or before April 3rd for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00004 and 45%, respectively. As you can tell, this is a very low money factor. It is equivalent to an interest rate of around one tenth of one percent. When negotiating your lease on this truck, make sure to keep in mind that DaimlerChrysler is currently providing $4,000 lease cash on it and that most dealers are getting an additional $1,000 dealer cash on top of that. Make sure to take all of this cash into account when negotiating your lease. Chrysler Financial's current base lease acquisition fee is $700. This fee was recently raised, but in exchange for the increase Chrysler Financial now waives its security deposit requirement on all leases.   You definitely do not want to make an $8,000 down payment on a lease off this truck. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Durango would be exactly the same, regardless of whether you had put $8,000 down, or had made absolutely no down payment at all.   I'll work up a zero down lease payment on this truck for you. According to my calculations, if you were to lease a 2006 Dodge Durango SLT 4WD with an MSRP of $35,500 and a selling price of $29,747 through Chrysler Financial right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $385.   Car_man Host Smart Shopper / Prices Paid Forums

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