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Chrysler Crossfire Lease Questions

28 messages,  Last post on Feb 08, 2009 at 10:34 AM

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What is this discussion about? Chrysler Crossfire, Chrysler Crossfire SRT-6, Car Leasing, Coupe, Convertible

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#23 of 28 desperate by candicev Nov 14, 2006 (4:16 pm)
My husband leased a 2005 crossfire a week before we met. We have a 39 month lease up in may 2008. I really want to turn it in early, but I am afraid if a huge penalty. I want to take on a different chrysler lease, but one that is a 5 seater.(we have a child} I have a close relative in chrysler to get a good deal, but I don't know if it will be enough. Please tell me anything I can do/any options I have. I know how bad the crossfires are doing, thats what worries me the most.   candice Replies to this message: Car_man (Dec 03, 2006 4:23 am)
#24 of 28 Re: desperate [candicev] by Car_man HOST Dec 03, 2006 (4:23 am)
Replying to: candicev (Nov 14, 2006 4:16 pm) Hi Candice. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle. Chrysler is running an early lease termination program for select vehicles right now, but this promotion only waives three payments so you are still going to have to pay a ton to get out of your Crossfire lease early.   Car_man Host Prices Paid Forum
#25 of 28 2005 Crossfire Roadster Limited - discontinued by curlytopd1 Nov 05, 2007 (10:56 am)
Hello, At the end of '05, I leased a new 2005 Crossfire Roadster Limited. I still LOVE MY CAR. My lease will be expiring soon, and I need some advice. Now that Chrysler has announced the Crossfire will be discontinued, is this a good car to hold onto because so few were made (more collectible), or should I turn it in at the end of the lease because maintenance for a discontinued car will be very difficult and expensive in the long run. Maintenance already is very expensive, and I'm concerned about outrageous costs and limited replacement parts in the future. Replies to this message: kyfdx (Nov 05, 2007 4:09 pm)
#26 of 28 Re: 2005 Crossfire Roadster Limited - discontinued [curlytopd1] by kyfdx HOST Nov 05, 2007 (4:09 pm)
Replying to: curlytopd1 (Nov 05, 2007 10:56 am) Hi, curlytopd1..   I don't think the Crossfire is ever going to become a true collectible.. Parts could get expensive, eventually, just because a lot of them are sourced from Mercedes..   What you really need to find out, is the actual value of your car vs. the residual value that Chrysler Financial will charge you to buy it.   For more input on that, try posting in the general Chrysler Crossfire discussion..   regards, kyfdx Host-Prices Paid Forums
#27 of 28 lease purchase by gordyduff Feb 08, 2009 (8:07 am)
i am coming to the end of my lease on my crossfire. some small scratches in paint, 26 k everything else mint. what is my best option and is chrysler offering any deals on lease buy outs? Replies to this message: ronaldc (Feb 08, 2009 10:34 am)
#28 of 28 Re: lease purchase [gordyduff] by ronaldc Feb 08, 2009 (10:34 am)
Replying to: gordyduff (Feb 08, 2009 8:07 am) Chrysler Financial is offering me a $6000 reduction to my lease buy out if i decide to purchase the lease to my 2005 Jeep Grand Cherokee. I would suggest you contact C.F. and see what they offer you on your crossfire.

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