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Dodge Durango Prices Paid and Buying Experience

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    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.

    Car_man
    Host
    Prices Paid Forum
  • hardhawkhardhawk Posts: 702
    Car Man:

    Can you give me the money factor and residual for a Durango Limited 4WD with 12000 miles per year for 36 months?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    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.

    Car_man
    Host
    Prices Paid Forum
  • ahrmlessahrmless Posts: 1
    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.
  • hardhawkhardhawk Posts: 702
    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.
  • tnman1tnman1 Posts: 5
    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.
  • 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.
  • Karen_CMKaren_CM Posts: 5,012
    A reporter seeks to talk with consumers who just purchased a new large SUV. Please send the make and model of your vehicle along with your daytime contact information to ctalati@edmunds.com no later than Thursday, November 8, 2007.

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • I will be buying a new 07 or 08 durango in the next couple of weeks, any advice on how to get the best price? I have a supplier discount through my work that really knocks the price down, but now I hear that it is possible to get an employee discount number. Does anyone have one they are willing to part with or any info on how to get one? Any help or advice would be greatly appreciated.
  • jfritschjfritsch Posts: 958
    Forget about the marketing gimmmicks and email 10-20 dealers for bids towards end of month. The 32000msrp 06 durango 4x4 barely wholesales for 17000, making it the leader in depreciation from msrp. You want at least 11000+ off a 07 durango, more for the 420000 model (look up the 06 used)

    Good luck
    --jjf

    I will be buying a new 07 or 08 durango in the next couple of weeks, any advice on how to get the best price? I have a supplier discount through my work that really knocks the price down, but now I hear that it is possible to get an employee discount number. Does anyone have one they are willing to part with or any info on how to get one? Any help or advice would be greatly appreciated
  • Thanks for the advice. I have an 07 limited that I am working on. The msrp is a little over $43000.00 plus they added about $700 in after market stuff ( window tint, billet grill and chrome door handles). They are offering $6000 off to move the 07, I get around $4500 off from my supplier discount and have talked them down about another $1500 to a price of $31500 . however If I can come up with an employee discount it will knock almost $750 off of that. I don't want to sound greedy, but if the discount is available I would like to take it. I'm sure Dodge wouldn't have any objections with me giving them another $750. So how about it guys, anyone have an EC number left?
  • jfritschjfritsch Posts: 958
    If you look up the wholesale price of a 06 43000msrp limited durango you will find it is about 21000. Your 07 vehicle will wholesale for this next year (if you are lucky, and/or gas is still about 3.00.) Even 15000-16000 off is no great shakes so by all means get greedy. A durango limited like this is has always sold for about 13000 off mid year on for at least the last 4 years whether supplier discount, military, college grad, college dropout etc.

    Good luck
    --jjf

    Thanks for the advice. I have an 07 limited that I am working on. The msrp is a little over $43000.00 plus they added about $700 in after market stuff ( window tint, billet grill and chrome door handles). They are offering $6000 off to move the 07, I get around $4500 off from my supplier discount and have talked them down about another $1500 to a price of $31500 . however If I can come up with an employee discount it will knock almost $750 off of that. I don't want to sound greedy, but if the discount is available I would like to take it. I'm sure Dodge wouldn't have any objections with me giving them another $750. So how about it guys, anyone have an EC number left?
  • shabrshabr Posts: 2
    Hi,
    We are looking into the purchase of a new 07 Limited Durango, loaded with almost all options - Navigation, Satellite radio, Rear video system, remote start, back bucket seats with heat, etc.
    The dealer has said that the only current incentive is the 6,000 off - still want almost 35K for the vehicle. The did also mark down their price to 35,996 as the "true market value" - but still only will to go down to 34800.
    Anyone out there no of any other rebates or incentives? We also looked at a 2007 limited explorer with virtually the same options, but it was only 29k. I just can't imagine a Durango would cost more!
    Any suggestions?
  • shabrshabr Posts: 2
    We've been looking into a new or barely used Durango limited (prefer used, the depreciation on these vehicles is a killer!).
    We have an offer for a brand new from one dealer with dealer incentives and holdback removed, and now another offer for virtually the same vehicle (with about $300 more in options), but it is a demo. They are asking MSRP less the $6k dealer incentive and less all but $200 of holdback totaling over 34K. No adjustment for the almost 3k miles on the car.
    Anyone have experience with purchasing a demo? How to negotiate for this? I look at Edmunds pricing on this vehicle as a used vehicle and MSRP is 31k! Low wholesale is 26K... I just can't fathom purchasing a USED vehicle for NEW price - anyone have experience with this?
    Any advice would be appreciated!
  • snoopy71snoopy71 Posts: 32
    Just passing through here... I posted this inquiry in some of the other Dodge/Chrysler/Jeep forums, so I thought I'd try here too.

    Wife & I have twins on the way (in addition to our 3-yr old) so we need to bite the bullet and get a minivan. We're going to get a Dodge GC or a Chrysler T&C sometime in June. Money will be real tight since wife will be quitting work to stay home, hence us going down to one income, so if anyone has a friends code for 2008, then I would reeeeeeally appreciate it. .... I'll even put you on my Christmas card list!!

    e-mail me here at carspace and let me know....
  • jfritschjfritsch Posts: 958
    A 31k msrp dodge durango barely wholesales for 17000 in a year i would guess, and that would be optimistic. A 42k durango probably in the 22-25k range. I presume that is what you mean. Look these up on kbb.com and nada.com. (look up 07 vehicle compared to new 08). Check out my message 4681 in the Hyundai Sonata Forum and The chevy silverado and Dodge Ram 1500 prices paid forum.

    The 42000 Dodge Ram 1500 barely wholesales for 22000 in 12 months. It has sold all day long brand new for 12000 off msrp on average the last 4 years or so. Should be much more now the last 12 months. I would find it hard to believe the Durango fares much better. These vehicles have sold new with heavy advertised and hidden incentives for years, and should be much heavier now. (Due to their high unrealstic factory determined msrp) Get 10-20 bids via email for best price on vehicle with your specifications last week of the month from the Dodge website (dealer locator) within a 100-200 mi radius of your home. Work the top 2-4 bidders against one another.

    In general Demo's aren't worth messing with, unless they will sell it for considerably less than the lowest deal you can get on an 08. You should be able to get a new 08 for $3000-5000 more than a used 07, and get the options and colors you want.

    Good luck
    --jjf

    We've been looking into a new or barely used Durango limited (prefer used, the depreciation on these vehicles is a killer!).
    We have an offer for a brand new from one dealer with dealer incentives and holdback removed, and now another offer for virtually the same vehicle (with about $300 more in options), but it is a demo. They are asking MSRP less the $6k dealer incentive and less all but $200 of holdback totaling over 34K. No adjustment for the almost 3k miles on the car.
    Anyone have experience with purchasing a demo? How to negotiate for this? I look at Edmunds pricing on this vehicle as a used vehicle and MSRP is 31k! Low wholesale is 26K... I just can't fathom purchasing a USED vehicle for NEW price - anyone have experience with this?
    Any advice would be appreciated!
  • jfritschjfritsch Posts: 958
    Read my message above. If the friends code is like xplan or other marketing gimmicks manufacturers your better off just doing the above.

    Good luck
    --jjf
  • snoopy71snoopy71 Posts: 32
    The friends code isn't a marketing gimmick .... Each dodge/chrysler/jeep employee gets 6 friends codes a calender year. They can then be transfered once to a friend. That friend then takes the code in and get 1% below dealer invoice on the vehicle and any optionsa nd packages plus $75 service fee. Add in any dealer rebates and dealer discounts and you get even more savings ... No fuss, no muss, no headaches dealing with the greedy sales people.
  • jfritschjfritsch Posts: 958
    Its a marketing gimmick. Anything that tries to put people at ease who want to avoid haggling is a marketing gimmick. Avoid haggling by getting competitive bids over email from 20 dealers eom. Avoid most greedy salespeople that way. Others may get the hidden dealer discounts with competitive bids and do better. If it was a great deal they wouldn't give out 6 of them, for friends, relatives and complete strangers who are suddenly friendly.

    Look up the price of a used 07 like the 08 you want. It likely wholesales 16+k from msrp in 12 months.Anything over 20% more than the 1st year wholesale price is way too much as the used wholesale price of trucks like this is optimistic. A useful target on a 32k durango new would be something like 19-20k. The dodge ram 1500 has sold for 12k off msrp constantly for years with folks getting more off. (they better, the 42000 model wholesales used for 20000 in 12months.)

    Trust me I did this for years and Domestic's Xplan, suppliers disc, etc people usually did worse than many, but better than blind walk-ins (which isn't saying much) Usually with their guard down they get taken modestly or big time. Many employees think they are dealing with their Company when all the dealers are independent owner operators.
  • Kirstie_HKirstie_H Posts: 10,868
    A reporter would like to consumers who are looking to purchase an SUV right now. Please respond to ctalati@edmunds.com with your daytime contact information along with the vehicle(s) you are researching or looking to purchase no later than Tuesday, June 3rd.

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  • snoopy71snoopy71 Posts: 32
    If it were a marketing gimmick, then it would be available to all consumers, not such the Dodge/Chrysler/Jeep employees. Go over & check out the Dodge Grand caravan & Chrysler T&C forums for buying experiences and let the employees who post there and give out thier extra friends codes that it's a gimmick.

    I do however agree with the internet route though ... I've bought a couple cars that way ... e-mail a boatload of dealers and sit back and wait for the best internet price...but those prices still aren't usually below the invoice price like the friends code price is. Then again, when I bought cars this way, the economy wasn't taking a dump so that may work out better for some people now.
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