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Dodge Durango: Lease Questions

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

You are in the Dodge Durango Forum. Your Hosts are steve_ & tidester

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


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#39 of 46
Re: 2007 Durango Limited Lease Question... [njdealguy] by Car_man HOST
Jul 17, 2007 (2:53 am)
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Replying to: njdealguy (Jun 19, 2007 9:47 am)

Hi njdealguy. Hopefully you never finalized your lease on the Durango that you are interested in June because DaimlerChrysler significantly enhanced its lease program in July. Let's take a look at the selling price that you were quoted. A loaded 2007 Dodge Durango Limited 4WD probably has a spread of around $4,000 between its full MSRP and its dealer invoice price. So the selling price that you are being given is probably right around invoice minus any available cash incentives, which is a very good deal.
 
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#40 of 46
Re: 2007 Durango Money Factor question [knevard] by Car_man HOST
Jul 17, 2007 (3:03 am)
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Replying to: knevard (Jul 10, 2007 7:23 am)

Hi knevard. I have seen Chrysler Financial's current lease program for the Dodge Durango and I would be happy to give you an idea of what it is like. This truck's program varies by trim level, term, and mileage allowance though. So I need you to provide me with these variables to provide you with accurate information. For now I can give you a representative sample of what this truck's lease program is like. If you were to lease a 2007 Dodge Durango SLT 4WD through Chrysler Financial right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be an amazingly low .00001 and 37%, respectively.
 
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#41 of 46
Re: 2007 Durango Money Factor question [Car_man] by hardhawk
Jul 17, 2007 (4:01 pm)
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Replying to: Car_man (Jul 17, 2007 3:03 am)

Car Man:
 
Can you give me the money factor and residual for a Durango Limited 4WD with 12000 miles per year for 36 months?
#42 of 46
Re: 2007 Durango Money Factor question [hardhawk] by Car_man HOST
Jul 18, 2007 (1:15 am)
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Replying to: hardhawk (Jul 17, 2007 4:01 pm)

Here you go, hardhawk. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Dodge Durango Limited 4WD with 12,000 miles per year are .00022 and 38%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 bonus cash and $3,500 lease cash that are available on it.
 
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#43 of 46
What Has Changed? by ahrmless
Jul 28, 2007 (5:18 am)
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Currently coming out of a 3 year lease on a Dodge Durango 2004. It is a 2WD limited with all the bells and whistles. Paid $1500 down at lease signing. Lease payment with taxes was $450. To get the identical Durango in a 2007 the lease price went up to $630. I have stellar credit and never missed a payment. Over a three year lease this is an out of pocket increase of over $6400! Either Dodge has gone crazy with prices - or inflation is different at Chrysler - or the vehicle has a much higher depreciation than it did three years ago.
#44 of 46
Re: What Has Changed? [ahrmless] by hardhawk
Jul 31, 2007 (3:45 pm)
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Replying to: ahrmless (Jul 28, 2007 5:18 am)

The residuals have tanked and that is why these are so expensive to lease now. It is crazy. New incentives and lease rates should be out tomorrow. Maybe things will get better on the cash back for returning lessee front.
#45 of 46
Re: What Has Changed? [ahrmless] by tnman1
Aug 01, 2007 (6:11 am)
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Replying to: ahrmless (Jul 28, 2007 5:18 am)

Check out the Aspen. Residual is higher, money factor is good, and incentives are getting better. Went from a Durango into an Aspen and there are some notable differences and some that are very similar. Got ours in cognac which is described as brownish/red by some and is a nice color. Overall, a much nicer vehicle that is priced reasonably.
#46 of 46
Re: Dodge Durango: 2007 Limited by rsedajr
Sep 16, 2007 (5:21 pm)
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Replying to: Car_man (Sep 07, 2005 2:13 am)

This is my deal, 2007 dodge durango limited with sunroof, running boards, leather, etc. MSRP $36K plus $1800 in dealer addons, for a total start price of $37,800. Dealer is giving me a $2K cash back on my trade in, and providing zero interest for 72 months at $425/month. Financed amount $30,600.
 
Is this a good deal? Or should I push for a $30K less the $2K in equity? Last one on lot.

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