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Chrysler 300 Lease Questions

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  • You're right, mrdrifty. The money factor that you were quoted looks about right to me, but for some reason the residual value that you were told is too low. This is interesting because individual dealers do not have the authority to alter banks' residual values. Chrysler Financial's current 36 month, 15,000 mile per year buy rate lease money factor and residual value for the 2006 Chrysler 300 SRT8 are .00163 and 55%, respectively. The selling price that you were quoted for this car looks reasonable to me, but you definitely should stop by the following discussion to see how much other community members have paid for similar cars lately: "Chrysler 300 / 300C: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • Hi tryingtolearn. through December 4th, DaimlerChrysler is providing $2,000 lease cash on the 2006 Chrysler 300C. Through November 30th, it was also providing an additional $1,000 cash incentive on units that have been in dealer inventory since April 1st or earlier. I believe that the latter portion of its incentive program has expired. Chrysler Financial's buy rate lease money factor and residual value for a 36 month lease of a 2006 Chrysler 300 with 15,000 miles per year are .00163 and 52%, respectively.

    You can look up this car's MSRP and invoice information by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You definitely should be able to get a leftover 2006 Chrysler 300C for fairly close to dealer invoice and then have the cash incentives that are available on it taken off. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "Chrysler 300 / 300C: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • Hi kdckurt. A base 2006 Chrysler 300C has a spread of just over $2,600 between its full MSRP and dealer invoice price. After this vehicle's cash incentives are taken into account, you are being given a discount of $1,988. This is around $600 over invoice, which isn't bad but might be able to be neaten by a few hundred dollars this late in the model year if you are in an area that has a decent level of competition.

    The money factor that you were quoted for this car is a little too high. Chrysler Financial's current buy rate lease money factor for a 36 month lease of a 2006 Chrysler 300 is only .00163. Make sure that the dealer you are working with uses this factor to calculate your vehicle's monthly payment.

    As far as the sales tax goes, it is to your advantage to bake it into your car's lease payment rather than pay it at lease signing. If you pay it all upfront you risk losing it if your vehicle is totaled in an accident or stolen and never recovered.

    Car_man
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    Prices Paid Forum
  • Hey andre1. Unfortunately, the $2,000 customer cash and $2,000 lease cash that are currently available on the 2006 Chrysler 300C cannot be combined. You either get $2,000 off of a cash purchase of this car or $2,000 off of a lease of it.

    Car_man
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    Prices Paid Forum
  • Hi cwa318. You never mentioned how long you want to lease this car for, so for now I will assume that you want 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 2006 Chrysler 300 SRT-8 with 15,000 miles per year are .00163 and 55%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Where are these cars for $8k off MSRP? I'll take one right now at $8k off of MSRP. I drove one yesterday($48k MSRP)and really liked the car. It had been on the lot since 12/05 and had 3,600 miles on it(GM's wife drove it). I made a low ball offer and their counter was high 42's and wouldn't move from there. There were 4 on the lot and this is a small dealership. I hear how DCX has tons of product to move, I guess these guys didn't get the memo.

    Car_Man can you type up a memo to these guys? LOL

    Regards,
    John
  • andre1andre1 Posts: 78
    John - Go to the www.carmax.com web site and select go to the new car section. Then, check out the inventory of new 300C's SRT8. CarMax (LAX) has 2006's at $7000 off MSRP and the 2007 SRT8's (Atlanta, Orlando) are already discounted at $5000 off MSRP. With the new Chrysler December incentives, you will probably even get more off these prices. If you dealer can't match these prices, then they are either lying or delusional.
  • Andre - Thanks for the reply. I'll print out the add and give them a call. Hopefully I'll be an owner soon. I did notice a few things that needed to be addressed (squealing brakes and drooping rear bumper cover). I understand there are TSB's out for both of these issues.

    Once again thanks for the reply and if you have one in your area for $8K off let me know.

    Regards,
    John
  • Found one. $7k off and .00074 M/F for 27 months. Deal was super easy and the dealership was great to work with. The car will be delivered next week. Looking forward to being an owner. Thanks for the info and the site.

    Regards,
    John
  • andre1andre1 Posts: 78
    John,
    What residual % did you get for that 27 month lease? The M/F of .00074 is certainly a lot lower than the 24 month (.00152) and 36 month (.00205) rates. So, I was wondering if the 27 month rates are a special for this month?
  • I don't have my paperwork with me at the moment but it was either 60 or 61%. That was the starting point anyway as I added 7k miles a year to my deal. I don't recognize the rates you've listed above. I used the rates listed on roadfly.com when dealing with the dealership.

    Regards,
    John
  • I am in Kansas and drove a 2006 RWD 300C with pretty much every option except Navigation. The window sticker said 39770 and the sales manager said that he could get it to me for 33229 with incentives and my affiliate plan. On a 36 month 15k/yr lease, he quoted me 576 w/tax. That seems high to me based on the lease calculator and the figures of 52% and .00163 listed above. Could I be missing something?
  • hartthartt Posts: 79
    Hi Car_man. Can you please provide the numbers for the '06 and '07 300C for 3yr/15k?
    Thanks for your help.
  • I found a SRT at 8K off MSRP. Dealer is telling me the best they can do on lease rate is .00301 on a 12K lease for 36 months with 58% residual. Seems high based on some of the posts I have read here tonight. Going to get the car tomorrow but have not commited to a loan or a lease.
  • andre1andre1 Posts: 78
    The dealer is dead WRONG on that lease rate! Below is the link to the December lease rates to the 300C. If they don't give you this rate, move on to another dealer. There are still hundreds of these 300C SRT-8's left on dealers lots.

    300C Lease Rates
  • Here you go, hartt. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Chrysler 300C with 15,000 miles per year are .00219 and 52%, respectively. When negotiating your lease on this car, make sure to take the $1,500 lease cash that is being provided on it right now into account. This cash will help you to negotiate an attractive capitalized cost for your lease.

    DaimlerChrysler is no longer providing lease support on 2006 models. As a result, if you were to lease one through Chrysler Financial you would have to use its standard lease program, which is not very good.

    Car_man
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    Prices Paid Forum
  • andre1andre1 Posts: 78
    Chrysler is still practically giving these 300C SRT8's away! I just got a brand new 2007 300C SRT-8 for over $5000 off MSRP. Also, I leased the car through Chrysler for 36 months for less than $500/month with NO money down! Thanks to Chrysler's inability to manage inventory, the dealers are trying to unload all these 300C's. If you prefer to get a loan rather than a lease, you can probably get about $9000 off MSRP on a remaining 2006 model.
  • Andre1 that is a killer deal!

    May ask your MSRP and the money factor, cash out of pocket, etc on your lease? Im out for shopping this weekend and will close on that if I get it!
  • andre1andre1 Posts: 78
    Just follow the same steps as I did below and you should get a similar deal. My out of pocket is $1500 (first months pymt + Acquistion fee of $700 + doc fee + tag fee). You might be able to roll some of this into the lease if needed, but do NOT put any money down as cap cost reduction.

    1) Go to CarMax.com (they sell new cars also) and pull up a new 2007 300C SRT8 (LA, Atlanta and Orlando are their Chrysler locations). You will see that CarMax is offering the 2007 SRT8's at around $5000 off MSRP.
    2) Send the CarMax quote to your local dealers. Tell them to match or beat this price (amount off MSRP).
    3) Once they match or beat the price, use the links below to calculate your payment. Ensure that the dealer does NOT mark up the money factor and gets you the correct residual. The 12K residual is 2% above the 15K residual.

    I completed the above steps in about two days and got a great deal.

    300C Lease Rates

    Lease Calculator
  • Are those lease rates accurate as compared to what chrysler finance is offering? Thanks.
  • andre1andre1 Posts: 78
    Those lease rates I posted are exactly what Chrysler is offering in January. I received this rate when I leased my 2007 300C SRT8 this week. Also, Chrysler's lease acq fee is $700.
  • Hello! Well my Ford Edge fell through and while the one they ordered me is being built I really started looking at these too. I called and got a quote for a 07 Touring Signiture series and the money factor seemed really high (especially compared to Ford, for almost the same car the payments were about $130 more). What is the current money factor for a 39 & 48 month lease?
    And what should my payments be for:
    MSRP- 30,925 Selling- 27,934
    MSRP- 29,680 Selling- 26,799

    I will owe about $2500 on my trade and was going to put $2000+fees down.

    Also, do you know of any 3rd party leasing companies that have decent lease rates?

    Thanks!
  • Wow, congratulations on getting such a large discount on your Chrysler 300, andre1. For some reason, I have always liked this car...and you got the SRT-8! Enjoy your new ride and don't get any speeding tickets ;).

    Car_man
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    Prices Paid Forum
  • Hi jdivers. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Chrysler 300 Touring 2WD with 15,000 miles per year are .00273 and 52%, respectively. Don't bother looking at a 48 month lease of this car, its 4 year program is terrible. When negotiating your lease on this car, make sure to take the $1,000 lease cash that DaimlerChrysler is currently providing on it into account. It will help you to negotiate an attractive capitalized cost. I am not aware of any independent banks that have attractive lease programs on this car right now.

    Car_man
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    Prices Paid Forum
  • Car_man - Can you please tell me the current money factor and residual value for a 300C (with Nav or without) for a 36 or 39 month lease at 18,000 mile per year? Any other advice you have on leasing this car would be appreciated.
  • I'd be happy to help you out, Matt. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Chrysler 300C (regardless of whether it has navigation) with 15,000 miles per year are .00223 and 52%, respectively. The money factor for an otherwise identical 39 month lease would be the same, but the residual value would drop to 51%. 15,000 miles per year is the highest mileage allowance that Chrysler Financial publishes residual values for. If you need to drive more then this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. When negotiating your lease on this car, make sure to take advantage of the $1,500 lease cash that is currently available on it. It will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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    Prices Paid Forum
  • This site was very helpful for me in my buying process. Here are my numbers:

    2007 Chrysler 300C with Nav & soundgroup 2, sunroof, UConnect, wood trim, & luxury group 2.
    MSRP $39,500
    Invoice $36,544
    Purchase Price $34,200
    Lease for 39 months at 18k per year
    $530 including tax.

    I probably could have got if for a little less, but I am happy with the deal. O'Neil Chrysler in Raleigh was very easy to work with. I walked on the lot and had this deal in 15 minutes.
  • jremyjremy Posts: 1

    I'm interested in leasing a 2007 SRT-8 with both option packages and all of the toys. I'd appreciate some feedback on a lease package that a local dealership has put together for me.

    MSRP: $48,200
    Rebate: $2,500
    Downpayment: $0
    ---------------
    Cap Cost: $45,700

    Residual: .61
    Money factor: .00263
    Mileage: 12K
    Term: 39 months

    Monthly payment: $640.83

    Due at signing: $824

    No sales tax state.

    When I plugged in these numbers into the online lease calculator, it came back with $615/month. When I questioned the $25 difference, the dealer said that the bank acquistion ($700) and document fee (~$383) is included in the monthly payment and so pretty much makes up the difference.

    I'd appreciate some feedback on these numbers. Is this a reasonable deal?

    John
  • jcee2jcee2 Posts: 8
    I looking at a 300 Limited AWD in NY. Can you provide Money Factor and Residual. Thanks
  • alinagm1alinagm1 Posts: 3
    Would you kindly let me know what dealership this was? State? Phone Number? YOU GOT AN AWESOME DEAL. I'd love to get contact number for this car dealer too. Thanks in advance.

    Alina
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