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Dodge Caravan Lease Questions

76 messages,  Last post on Oct 04, 2012 at 10:26 AM

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What is this discussion about? Dodge Caravan, Dodge Grand Caravan, Car Leasing, Van

    

Messages Page 3 of 8

#17 of 76 Re: Under $200/month, 0 down? [backy] by Car_man HOST

Apr 21, 2006 (9:17 am)

Replying to: backy (Apr 03, 2006 6:04 am)
You;re very welcome, backy. Let me know if you have any other questions.
 
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#18 of 76 Leasing help on 2006 Dodge Grand Caravan by brum

Jun 06, 2006 (7:20 pm)

Hi, this is my first post so please bear with me. We are looking at a 39 month lease, zero down, 12k or 15k per miles per year. It is an SXT with 3.8 and MSRP of $27,830. Residual of $12,245 and $11,688 resp. I was quoted a monthly lease payment of $364 and $378. This appears to be high to me, what should I expect as a good rate with today's rebates, etc?

#19 of 76 Re: Leasing help on 2006 Dodge Grand Caravan [brum] by arthurking

Jun 08, 2006 (5:11 pm)

Replying to: brum (Jun 06, 2006 7:20 pm)
well, I bought a 06 DGC SXT, but I did pay attention to leasing option, too.
During memorial day, I saw one of my local dealer has a leasing offer like $249 a month for 27 month with zero down. I think that is a pretty good offer. $364 for 39 months? definitely too high!

#20 of 76 Re: Leasing help on 2006 Dodge Grand Caravan [brum] by Car_man HOST

Jun 11, 2006 (8:21 am)

Replying to: brum (Jun 06, 2006 7:20 pm)
Welcome brum. If you were to lease a 2006 Dodge Grand Caravan SXT 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 .00116 and 43%, respectively. The money factor for a lease with only 12,000 miles per year would be the same, but the residual value would be 2% higher. When negotiating your lease on this van, make sure to take the $4,000 lease cash that is currently available on it into account. DaimlerChrysler also has loyalty incentives on it for returning customers.
 
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#21 of 76 Re: Leasing help on 2006 Dodge Grand Caravan [Car_man] by brum

Jun 13, 2006 (7:40 pm)

Replying to: Car_man (Jun 11, 2006 8:21 am)
Thanks for the info Car_man. I have had several discussions with a dealer and this is what I have so far...MSRP $28,000, selling price $21,455. 12K miles $298 for 27 or 39 months and 15K miles for 310 27 or 313 39 months. This is with $4000 in rebate and $750 as a current Dodge owner. I note in your post #6 to Deejay2099 you calculate the monthly 241 so the figures I have still appear high. I am having trouble relating the buy rate lease factor and residual % to the monthly payment. Should I expect to be able to attain a monthly payment of $240-250 zero down as calculated for Deejay? Help!

#22 of 76 Going to lease on Wednesday need some Q's answd by badtolz

Jul 11, 2006 (8:50 pm)

Going to lease a 2006 grand caravan sxt. Lease with a trade in on my vehicle ($1900.00)
Here are the specs
1. Used with 7900 miles
2. 3.8 engine
3. Customer Preferred Package - Leather Interior Group
4. Premium Group
5. Power Sunroof
6. 6 Disc cde/dvd changer
7. 1 Yr Sirius Salellite
8. Rear Seat Video System
 
Base Was $27,100
All options was $34,000
 
Vehicle price came to $27,000 because it was a Demo Vehicle.
Got a CAP RED REBATE OF $2500
Trade of my car $1900
 
There are some other numbers I don't understand but bottom line is my monthly payment is $360.00 for 39 Months.
 
How does this sound? Thanks.

#23 of 76 Dodge Caravan Base Lease by kfranci2

Oct 17, 2006 (6:22 am)

Hi Car_man,
 
I am looking to lease a bare-bones Dodge Caravan with a list price of 20,720. I plan to offer a cap cost of $14,300. I would like to lease for 24, 27, or 36 months. I see leases advertised with 10,500 miles, which would suffice for my needs. Could you please let me know the 0 down payment, MF, and residual for the different time periods? Thank you - K

#24 of 76 Re: Dodge Caravan: Lease Questions [Car_man] by reilly3

Oct 29, 2006 (3:51 am)

Replying to: Car_man (Aug 31, 2005 3:50 am)
Hello Car-man (and anyone else who can help!). We are looking at a 2006 Dodge Grand Caravaan, MSRP of $31,500 (lots of nice toys on it). We would trade in our 2002 Chrsyler T&C (good condition, has a DVD). They are quoting us $429 per month for a 39 month lease with 18000 miles per year. Does this seem like a good deal? We live in Pittburgh Pa.

#25 of 76 Re: Dodge Caravan Base Lease [kfranci2] by Car_man HOST

Nov 02, 2006 (5:10 am)

Replying to: kfranci2 (Oct 17, 2006 6:22 am)
Hi kfranci2. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a base short wheel base 2006 Dodge Caravan SE with 10,500 miles per year are an amazingly low .00001 and 43%, respectively. The numbers for an otherwise identical 36 month lease are .00027 and 36%. When negotiating your lease on this van, make sure to take the $3,500 lease cash that is currently available on it into account. If the specific unit that you are considering has been on the dealer's lot since April 1st or earlier, there is an additional $1,000 cash incentive on it.
 
Using the aforementioned lease program, an MSRP of $20,720, and a selling price of $14,300, I estimate that this van's 24 month zero down, pre-tax monthly payment should be around $225. The payment for an otherwise identical 36 month lease should be around $196.
 
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#26 of 76 Re: Dodge Caravan: Lease Questions [reilly3] by Car_man HOST

Nov 02, 2006 (5:14 am)

Replying to: reilly3 (Oct 29, 2006 3:51 am)
Hello reilly3. You never mentioned the selling price of the Grand Caravan that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the van that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
 
As far as your trade goes, there's nothing wrong with trading in your current vehicle when leasing a new one. However, it would be in your best interest to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than applying the proceeds from it as a down payment for your new lease. I always advise consumers not to make down payments on leased vehicles. Consumers who make them risk losing them if their vehicle is totaled in an accident or stolen.
 
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