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Chrysler 300 Lease Questions

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Comments

  • alinagm1alinagm1 Posts: 3
    Where did you get this car? What state? What an awesome deal! Please share more info.

    Alina
  • matt_fmatt_f Posts: 3
    I leased my 300C from David O'Neal Chrysler in Raliegh, NC. If you would like any other specific information, you can feel free to email me.
  • alinagm1alinagm1 Posts: 3
    We are looking to lease a 2007 Chysler 300C,
    MSRP of $34975
    Navi and SOund group II
    Total sticker price $37780.

    VIN #: 2C3KA63H47H754054

    We are looking to trade in a 2005 Chevy Tahoe 41000 miles, with payoff of $32,000. We don't want to put any money down if possible. Can you try and figure out a best lease possible scenerio with this pay off on Tahoe? We have appreciated the forum and all the help. However, now we have our own specifics. Thanks in advance.
  • Was called by a Chrysler dealer that I could turn in my lease with no penalthy provided I lease/buy another Chrysler product since lease had less than 4 months left on it. I took them up on the offer and went in for a test drive.

    First the 300C then the Magnum SRT8. When I lease a vehicle it's all about a subvented lease. I don't care what color or options a car has as long as I'm in a high end vehicle for the cheapest price available. Was turning in a 04 Crossfire with MSRP of 35.5K that I leased for 39 months for $299 a month + tax and 2300 down. I decided on a 36K MSRP 300C that would be leased at similar terms, which came out to $400 a month including tax with 0 down. This was my target. Whether it would be met I had 0 expectations of since I'm not in a forced position. To me the dealer is in a must deal position since he had 27 07 300C on the lot with not a single customer at the dealership for the 3 hours I was there. Now I know why Mercedes Benz is trying to sell off the Chrysler division. The 300C is no longer the must have vehicle it was when it first made its debut. Just like any car on the market after a few years no one wants it. With any high volume produced car if you don't offer heavy incentives it's not going to move.

    This was the first deal they came back with:

    $7K down and $460 a month including CA tax for 27 months and 10.5 K miles a year. Honestly, my first reaction was an immediate burst of laughter. I couldn't control myself. You can't con a con. After the fun it was time to go on the offensive. They counter with a $490 a month including tax for 39 months with 0 down. I then told them about the deals I was offered through other dealers. I was offered a 300C SRT8 with an MSRP of $48K for $530 a month including tax for 39 months. They tried to lease me a $35.5K vehicle for almost the same price as a $48K limited production SRT8. This was for a previous customer too. I proceded to tell them about the $460 a month including tax 0 down 27 month lease on a $43K MSRP Infiniti FX35 I was given and a $40K BMW X3 for $470 a month including tax 0 down for 24 months. As I said I'll drive anything nice. The people who get the shaft are those that demand a certain car, a certain color, certain packages, when in reality all these cars are fantastic. If you're buying a car then fine but this is a lease that you're turning in so why be picky. Dealers always jump on the weak.

    I'll wait for my Crossfire lease to expire before grabbing a subvented lease on whatever is available within a month of my expiration. My hunch is Chrysler will offer better promos deeper into the year as the inventory of these vehicles continues to build up.

    I'd also like to mention that the 07 Magnum SRT8 I drove had a $42K MSRP and a 5K markup while a dealer just 10 miles away had 3 06 new SRT8 leftovers that they were pushing for 8K off MSRP. Do your homework and never be in a rush. That is my experience I thought I'd share with the board.
  • tao_tao_ Posts: 1
    Car_man,

    I got this quote from a local dealer, I was wondering if it might be a good deal or not? This is a fully loaded 300C SRT-8, MSRP Given: $48,275...

    I am in Illinois, by the way...

    From dealer:
    "
    hello,
    heres the info you requested on the 2007 300 srt-8 you can lease this car for 597.00 a month that payment reflects no money down from you except your first payment and plates all the taxes are rolled in the lease if you should shop the price you need to remember that also that is 12k miles a year if you should have any questions you can contact me ************* directly @***-***-**** hope you find this satisfactory .
    "

    Thanks for your help...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'm glad that you found this site so helpful, Matt. Thanks for taking the time to share the details of your deal with everyone. Enjoy your new ride :) .

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi John. It doesn't appear as though you are being given any sort of dealer discount on this car. I am not intimately familiar with what the market is like for the 2007 Chrysler 300 SRT-8 in your area right now, but if I was in the market for one I personally would want a discount on its selling price in addition to the $2,500 cash incentive.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jcee2. This car's lease program varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Chrysler 300 Limited AWD with 15,000 miles per year in your area are .00077 and 48%, respectively. When negotiating your lease on this car, make sure to take the $1,500 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi alinagm1. This car's lease payment will depend upon what sort of selling price you are able to negotiate on it. I personally would shoot for $500 over dealer invoice on a 2007 Chrysler 300 right now. When the $2,500 lease cash that is currently available on the 2007 Chrysler 300C it taken into account that puts you at around $2,000 under invoice. You can look up this car's dealer invoice price by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. Once you have an approximate selling price, let me know and I will be happy to estimate what this car's monthly payment should be for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tao. You never mentioned the selling price of the car 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 car 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.

    Car_man
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  • srtochosrtocho Posts: 1
    Can you trade a car(paid for) in on a lease deal? This is return business to the same dealer.
    (I hope this falls under/ "there are no stupid questions,just confused people")
    Thanks
  • Just want to know what happens at the end of the lease on my 300. The dealer never told what to expect. If I choose to purchase the car, does chrysler send info on payments and all I need to do is accept and move on or do I need to bring the car in for the dealer inspection. Point is I want to keep the car and I want add a new grille and tint the windows. Since this is a lease I have put this off.

    Thanks in Advance
  • I would say yes, since the dealer asked me did I want to trade in my truck when I was doing my lease. It would just be more of a cash downpayment which would make your payment lower, but would be a waste even if you intend on buying the car at the end of the lease, because at that point you will refinace at the value of the car at the end of the lease. Your trade in will have no effect at that point.
    Bottom line, your trade in would amount to no more than pocket money for the dealer.
  • gary154gary154 Posts: 5
    I am interested in leasing an '07 Limited AWD for 36 months with 15,000 miles allowed per year. The Invoice price of the car is $34,152 and the TMV price is $35,395. I live in the Chicago area. I do not want to put down any money except for the first month's payment. My credit rating is excellent. What kind of monthly payment can I expect? I just read that 300 sales are down over 20% this year and I also think Chrysler is now offering $2500 incentive on a 300 lease - I could be wrong about that though. Any help one can provide will be greatly appreciated.
  • jgreenbergjgreenberg Posts: 13
    Im pricing out the 300M Touring edition (with selected options) at a TMV of $27,123 (after the $2500 incentive). What is the current buy rate lease money factor and residual % for a 36 month 12K lease? What lease payment does this calc to (including NJ tax of 7%)
  • qbrozenqbrozen Posts: 16,886
    Im pricing out the 300M Touring edition (with selected options) at a TMV of $27,123

    Good god I hope not! A new 300M will have been sitting on the dealer's lot for years now!

    ;b

    pssstt... its no longer called the 300M

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi srtocho. This is not a stupid question at all. Yes, you absolutely can trade in a vehicle when leasing a new one. Having said this if you decide to do this, it would be in your best interest to have the dealer that you trade your vehicle to cut you a check for it rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing. Those who do risk losing part or all of their down payment if their vehicle is totaled in an accident or stolen and never recovered.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello slydog_300. If you decide to purchase your car at the end of your lease you will not have to get it inspected. Just place a call to Chrysler Financial a month or two before the scheduled end of your lease and tell them that you are considering purchasing your car. I said "considering" because from time to time banks are willing to negotiate the lease-end purchase prices of vehicles. More often than not they won't, but it doesn't hurt to see if they would be willing to give you a discount before telling them that you definitely want to buy it.

    You can make the modifications that you mentioned now IF you are absolutely positive that you will purchase your car and the end of your lease. If you aren't sure that you will then you would be better off waiting to make them.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gary154. I can give you an idea of what this car's monthly payment will be like. In order for me to do so though I need to know both its MSRP and its selling price. I can use the dealer invoice price that you mentioned to arrive at an approximate selling price, so just let me know what the MSRP is and I'll crunch some numbers for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, jgreenberg. In your area (DaimlerChrysler's Northeast region), Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Chrysler 300 Touring with 12,000 miles per year are .00195 and 53%, respectively. When negotiating your lease on this car, make sure to take advantage of the $2,000 lease cash and $500 bonus cash ($2,500 total) that is currently available on it. This incentive will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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