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Dodge Durango Prices Paid and Buying Experience

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  • It doesn't appear to add up to me. I am pricing a Durango listing at $38.5K with an invoice of $34K and if you take the 8,000 rebates off and 50% residual, then i get a payment with 0 down of $298.
  • I'm trying to lease a dodge durango SLT 4x4 2006 with interior convenience, 3rd row (3-pass), awd t/case, 5.7L Hemi Multi Displacemnt engine, gray running boards--sticker 33,430 sticker with above add ons 36,520

    I qualify for employee pricing and want to use all rebates etc possible. I also qualify for a returning lease loyalty rate. I'm looking to lease in the MetroDetroit area, but I'm willing to drive if a better lease deal is possible elsewhere.

    Before rebates and employee discounts I'm looking at a price of around 32,662 this is off the tmv on edmunds.

    What money factor & residual should I be getting. I want to lease for no more than 24 months and have 12,000 miles a year. With $0 down What do you think the monthly payment would be?

    Also this is the first time I've ever posted to any site, so if I'm not doing it correctly I appologize.
  • We ended up scrapping the idea of the lease and purchased a year old loaded HEMI SLT instead, with 19500 miles. The dealer gave us a sweet deal on the price and the interest rate wasnt bad either!
  • I bought a 2006 Durango Limited with every option available except GPS. The sticker price was about 42K. I bought it with the E.P. price Employee Price of $28,6000 after rebates.

    So far, I really love this truck.
  • Good price! Ours was 06 with everything except the skids, but with mudsplash guards and tow hooks for $31.x.

    The nav is really nice. Our sticker was $42.x too. We bought ours in June this year.

    We ended up in minneapolis one night and our son had to go to the hospital, that night the nav paid for itself driving down town. :)
  • Greetings dodgehappy. You never mentioned the selling price of the Durango 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 truck 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 the selling price is.

    Car_man
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    Prices Paid Forum
  • sasukesasuke Posts: 77
    I'm interested in the 4x4 Limited Durango with the Hemi.
    24, 27, or 36 months with 15k miles.

    Selling price is 37k, so around how much would that be to lease?
  • Hi sasuke. I would be happy to estimate what this truck's lease payment should be for you. However, in order for me to do so I need you to provide me with its full MSRP. This number is used to calculate the depreciation portion of your truck's payment. Let me know and I'll crunch some numbers for you.

    Car_man
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    Prices Paid Forum
  • tnman1tnman1 Posts: 5
    I leased a 2004 Durango in August 2004. I prepaid the lease.
    About a month ago, I received a promotion from Chrysler called "Pull Ahead". It indicated that Chrysler would pay up to three of my lease payments if I would stop by my local dealership and discuss this with them. I was subsequently informed by Chrysler that since I prepaid my lease, nothing could be done. In the past week, I received another "Pull Ahead" promotion and this time it stated that I would have up to five of my lease payments paid by Chrysler if I would stop by or call the dealership. I have called Chrysler and e-mailed them about this and I expect the same answer. Any suggestions on how to pursue this and possibly have some sort of similar offer made?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tnman1. I am surprised that DaimlerChrysler told you that the fact that you pre-paid your entire lease precludes you from taking advantage of its early termination program. I have seen a number of these offers where manufacturers will refund a portion of the pre-paid lease to consumers who want to take advantage of an early termination program. I guess if Chrysler told you that this cannot be done that it can't.

    Car_man
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    Prices Paid Forum
  • tnman1tnman1 Posts: 5
    Thanks Car man,

    I am really getting annoyed with Chrysler. I didn't notice in the lease agreement until a few months back that there is also a $300 return fee if you do not lease again, purchase the leased vehicle, or buy another Chrysler product. They recently sent me a $500 discount coupon on Dodge products that has to be used before my lease expires. When I contacted Chrysler financial about their latest offers, they e-mailed me back and said they couldn't find my account on file and to contact customer service. Customer service has sent me to Chrysler financial in the past. Sort of a revolving door that leads to nowhere. I had leased three Mercury Mountaineers in the past and for the most part, things went very smooth but with no incentives after the third one expired, then I turned to Chrysler. Chrysler really needs to do a better job of keeping up accurately with their customers if they expect to keep them.I will post any other offers I receive should they be forthcoming.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome, tnman1.

    Car_man
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    Prices Paid Forum
  • Where did you get the $500 coupon. I am presently looking to lease a new 2007 Limited coming out of a 2004 Durango and could use the additional $500 coupon. Can you let me know how you can get it.thanks
  • njdealguynjdealguy Posts: 13
    Hello,

    I am looking at a loaded 2007 Durango Limited Loaded...

    44310 MSRP

    40275 My negotiated price before rebates

    7500 Rebates

    2000 cash down

    16395 residual

    The monthly payment quoted is 580.00.

    Is this a good deal? Or am I in trouble here. This is the lowest I have heard so far. Other monthly quotes with similar numbers are $590 - $ 600 a month.

    Please advise...

    Thank You,
  • njdealguynjdealguy Posts: 13
    Hello,

    I am looking at a loaded 2007 Durango Limited Loaded...

    44310 MSRP

    40275 My negotiated price before rebates

    7500 Rebates

    2000 cash down

    16395 residual

    The monthly payment quoted is 580.00.

    Is this a good deal? Or am I in trouble here. This is the lowest I have heard so far. Other monthly quotes with similar numbers are $590 - $ 600 a month.

    Please advise...

    Thank You,
  • jfritschjfritsch Posts: 958
    Look up the Durango you want used with about 16000 miles on it (kbb.com and nada.com). (The 44000 model probably wholesales for 25000 year 1 is my guess) Durango is the valedictorian for depreciation.
    Anyway, take the 1 year used wholesale price and add 15-20% for a good deal on a new one. that probably puts us around 29-30000 purchase price.

    A good lease deal on something in this range is about 300-400+/mo for a 36 month 15000mi/yr lease with taxes (7%) included and little money down. Notice the big range as most lease deals are not attractive, and true finance rates with banks can vary widely. (leases are meant to be fleeces) You may be a into the 450+ range with the Durango with those terms due to the depreciation. As you can see, your deal ($650/mo) is nothing to write home about. (which isn't surprising) This assumes you have good credit.

    If you must lease (own your own business) Email 10-30 dealers end of month (dodge website) for payment quotes with your specs, fact you are contacting 20 dealers and your criteria (no money down 15k 36 mo inc taxes etc) Work the top 3-4 bidders against one another via cellphone. Perhaps get direct purchase prices too. Calculate what a direct 30k purchase with your credit union's 5.x percent or so rate would be for 3-4 years. Compare it to the lease.

    If the lowest you have heard so far is your survey walking into 2-3 dealerships or reading some ads you may be in for some fun as the Durango moves like lead and you may be able to work a very low deal.

    --Good luck
    --jjf

    Hello,

    I am looking at a loaded 2007 Durango Limited Loaded...

    44310 MSRP

    40275 My negotiated price before rebates

    7500 Rebates

    2000 cash down

    16395 residual

    The monthly payment quoted is 580.00.

    Is this a good deal? Or am I in trouble here. This is the lowest I have heard so far. Other monthly quotes with similar numbers are $590 - $ 600 a month.

    Please advise...

    Thank You,
  • njdealguynjdealguy Posts: 13
    Thank you for the reply. I guess I will have to wait till the old end of the month to get a better deal. I have e-mailed 6 dealers so far and the $580 a month is the best I have seen.

    Wait and see mode now I guess...

    Thanks again...
  • tnman1tnman1 Posts: 5
    The coupon was mailed to me by Chrysler through by my local dealer. Farm Bureau Insurance used to give a $500 discount coupon on certain Dodge products if you were insured by them. They have now switched to GM and I don't know if the Dodge is still included. Hope this helps.
  • knevardknevard Posts: 1
    Does anyone know the current Money Factor being offered by Chrysler Financial for a 2007 Dodge Durango?

    Any help would be appreciated.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi njdealguy. Hopefully you never finalized your lease on the Durango that you are interested in June because DaimlerChrysler significantly enhanced its lease program in July. Let's take a look at the selling price that you were quoted. A loaded 2007 Dodge Durango Limited 4WD probably has a spread of around $4,000 between its full MSRP and its dealer invoice price. So the selling price that you are being given is probably right around invoice minus any available cash incentives, which is a very good deal.

    Car_man
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    Prices Paid Forum
This discussion has been closed.