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Dodge Journey Lease Questions

8 messages,  Last post on May 12, 2008 at 3:06 AM

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What is this discussion about? Dodge Journey, Car Leasing, Car Buying, SUV

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#1 of 8 Dodge Journey Lease Questions by kyfdx HOST Mar 04, 2008 (8:46 pm)
Ask your Dodge Journey lease questions here!
#2 of 8 April/May Dodge Journey Lease by scottyd3 Apr 16, 2008 (1:57 pm)
Any info about the money factor and residual for the Dodge Journey? I'd be looking for 12k/yr miles and 36-months. I'm not sure what trim package of the 2009 Journey yet, I'd be looking at the FWD versions, so any info is appreciated. Thanks!   Scott Replies to this message: Car_man (May 12, 2008 3:06 am)
#3 of 8 dodge journey by 18mike Apr 18, 2008 (9:58 pm)
I was quoted $510/mo. on a Journey SXT. convenience group 1 $695 premium convenience group $895 chrome appearance group $ 1,420 sunroof $795 destination charge $625   sticker $ 26,790   lease for 27 mos and 56,250 total miles.   what do y'all think? Replies to this message: gforce11 (Apr 22, 2008 3:39 pm) aaron_t (Apr 24, 2008 12:29 pm) gforce11 (Apr 25, 2008 2:47 pm) aaron_t (Apr 28, 2008 11:02 am)
#4 of 8 Re: dodge journey [18mike] by gforce11 Apr 22, 2008 (3:39 pm)
Replying to: 18mike (Apr 18, 2008 9:58 pm) At first glance, I thin its pretty insane to pay $510 a month for a $27,000 ride. Does that even include tax? How much are you putting down? I got tons of questions really...Why would you lease 27 months, drive 56k miles and lease. Why not just buy it? I don' recommend unconventional lease terms (anything isn't 24,36,48). In your case, after 24 months, you'll have to pay for your 3rd year car registration, drive it 3 months and then return the car. If you end up getting a new one, you'll have to pony up another car registration fee. that isn't cheap, its at least a few hundred bucks extra than you should be paying. I don't wanna offend anyone looking at a Journey, but it looks like a minivan to me, so you can get a Odyssey for under $400 bucks with ZERO drive off. Heck you'd be paying less on a Honda Pilot...granted that thing is ugly, but still its a 8-seater. I certainly think you can do better.
#5 of 8 Re: dodge journey [18mike] by aaron_t Apr 24, 2008 (12:29 pm)
Replying to: 18mike (Apr 18, 2008 9:58 pm) At $0.20/mi over 23625, you are paying almost half your payment in extra miles, $242/mo. That leaves you $270/mo for the standard 10500/yr which is reasonable if that incldues taxes.   Even higher mileage rates, leasing has some advantages and can still make financial sense. If used for a business, it is easier to expense.   Re: 27mo leases, different states may handle registration differntly, but 27 vs. 24 moths matters not for vehicles in Michigan. Tags expire on the registered owner's bithday. If my birthday happens to fall in theose extra 3 moths, yes I have to pay for another year's worth of registration on that vehicle while only using it for <3mo. If my birthday is not within the next 3 months, it doesn't matter. Actualy it rarely matters anyway as you usually transfer the plate to your replacement vehicle. If the next vehicle is significantly less expensive, you end up paying more for the plate, tbut that's nit-picking <$25 usually. Replies to this message: gforce11 (Apr 25, 2008 2:47 pm) aaron_t (Apr 28, 2008 11:02 am)
#6 of 8 Re: dodge journey [aaron_t] by gforce11 Apr 25, 2008 (2:47 pm)
Replying to: aaron_t (Apr 24, 2008 12:29 pm) Re: 27mo leases. I think it might be that way in Michigan, but in California is definitely not the same. Our car registrations are not $25 or so, depending on the car you drive, it can range from $100 to $300. So if you get a 27month lease, You must pay your 3rd year's registration after the 24th month, drive your car for 3 months and get a new one. A $25k car can have a registration fee of around $230-240, not exactly nit-picking in my book. But every state is different so I'm not trying to discredit your statement. You do have some valid points. Replies to this message: aaron_t (Apr 28, 2008 11:02 am)
#7 of 8 Re: dodge journey [gforce11] by aaron_t Apr 28, 2008 (11:02 am)
Replying to: gforce11 (Apr 25, 2008 2:47 pm) Our plate registrations are in the $100-300 range as well, depending on MSRP of the vehicle new as well.. Even 3 months into your 3rd year, can you transfer your plate for the remaining 9 months to another vehicle for a smaller fee in CA? In MI, we have a $19 registration/plate transfer fee that allows you to keep whatever plate you have until your next birthday, assuming it has already been paid for on the prior vehicle.
#8 of 8 Re: April/May Dodge Journey Lease [scottyd3] by Car_man HOST May 12, 2008 (3:06 am)
Replying to: scottyd3 (Apr 16, 2008 1:57 pm) Greetings Scott. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Dodge Journey SE 2WD with 12,000 miles per year are .00199 and 49%, respectively. The numbers for an otherwise identical lease of an '09 Journey SXT 2WD are .00191 and 52%. When negotiating your lease on this vehicle, make sure to take the $1,000 cash incentive that Chrysler is currently providing on it into account.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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