Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





What are your lease monthly payments? Dodge Durango.

maverick1172maverick1172 Posts: 2
edited June 2014 in Dodge

Looking at Leasing vs buying because I only put on an average of 9,500 per year and like having new cars every few years. I never leased before and was looking at doing the 36 month with 12,000 mile lease but wondered what everyone's monthly lease payments were and if it's a much cheaper deal vs buying? I know they recommend 15% minimum down which is fine but is it worth it? I'm working on improving my credit and my CS is 670 at the moment.

Comments

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 52,354
    edited June 2014

    Lease payments are always cheaper, but of course you have no equity in the vehicle. Dodge is offering a base model Durango for $339 a month plus of course taxes, registration acquisition fee and $2995 upfront costs, so you'll be pushing $400 a month easy. Buying that same vehicle with $3000 down for 60 months term would probably end up being around $550/month. And you have equity when you sell. In the long run, it's probably cheaper to buy--in the short run, probably cheaper to lease or same-same.

    Of course, as you add options or upgrade the model, everything goes up accordingly.

    MODERATOR --Need help with anything? Click on my name!

  • Thanks. I get the Affiliated rewards 1% below invoice through my work so with that plus the $1500 off for leasing if I put 15% down my payments would be around $405 on a Citidel from what dodge.com shows.

  • steverstever Viva Las CrucesPosts: 50,551
    edited June 2014

    Where did you get the 15% down idea? The goal in leasing is usually to put zero down, or as little as possible.

    Dissecting the Deal - How To Spot a Good Lease

    Moderator - Buying questions? Please include city or zip code and trim you are shopping, FWD or AWD, etc.

Sign In or Register to comment.
What are your lease monthly payments? Dodge Durango. — Car Forums at Edmunds.com