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Chrysler Town & Country Lease Questions

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  • I'd be happy to work up a payment for you, steve115. According to my calculations, if you were to lease a 2007 Chrysler Town & Country Touring with an MSRP of $28,820 and a selling price of $23,145 through Chrysler Financial right now for 24 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $323. I used a money factor of .00108 and a residual value of 57% to arrive at this payment.

    Car_man
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  • Greetings mangin. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Dealers all want consumers to come into their showrooms to discuss vehicles rather than giving you quoted via e-mail or over the phone because they are much more likely to close deals with consumers who are actually at the dealer. Furthermore, if they give you price quotes via e-mail, you can shop them all over down with other dealers.

    You should be able to get a leftover 2006 Pacifica for fairly close to dealer invoice right now. You can look up this model's invoice price by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You also should be able to subtract the $3,500 lease cash that is currently available on 5 passenger and $4,000 that is available on 6-passenger models and $1,500 bonus lease cash from this vehicle's price.

    Dealers aren't going to want to give you much money for a conversion van with over 100,000 miles on it as a trade. You would probably be better off selling your van on your own. You should be able to get much more for it selling it privately that you'll get for it as a trade.

    Car_man
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  • Hi nm_socal. I would be happy to give you an idea of what these vans will cost to lease. In order for me to do so I need you to provide me with their approximate MSRPs and selling prices. Once I have these numbers, I'll work up some payments for you using Chrysler Financial's current lease program.

    Car_man
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  • Hi catch22kev. If the dealership that you are working with is willing to sell you this car at invoice, I don't see why they wouldn't lease you one at that price. Invoice is a good price for this model, as long as you get all of the cash incentives that are available on it deducted. I would be happy to estimate what this vehicle's lease payment should be for you if you provide me with its selling price.

    Car_man
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  • keri2keri2 Posts: 1
    I noticed that Carman responded to post 54 that the current residual value on a T&C Touring was 57%. Where does he get that percentage? On another leasing calc site, I get the residual at 46%. This obviously makes quite a difference in the actual lease payments. I want a T&C Touring MSRP 29960 and an internet pricing by a dealership at $24,661 after rebates. Also there is a $4000 rebate plus owner loyality of $1000 and I heard a mailer went out for $1000. Is this in addition to these other rebates?
  • Does anyone know the current Chrysler Financial MF and residual value on a 2007 Town & Country Touring lease?

    12k miles/year
    24/36 month term

    Thanks,

    Andrew
  • Hi keri2. The residual values that I post in this forum are the actual residuals that manufacturers' captive finance companies use to calculate vehicles' lease payments. The residual value that you saw on another lease calculation site is probably something that is published by a company called ALG. It is an independent company that publishes what it believes are vehicles' real residual values, without all of the artificial inflation that a lot of banks do. If you want to lease this van through Chrysler Financial the information that I am providing about it is right.

    The owner loyalty cash and any direct mail offer that you have received from DaimlerChrysler can be combined with this vehicle's normal cash incentive.

    Car_man
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  • Here you go, Andrew. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Chrysler Town & Country Touring with 12,000 miles per year are .00146 and 55%, respectively. The numbers for an otherwise identical 36 month lease are .00196 and 47%. When you are negotiating your lease on this van, make sure to take the $4,000 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your vehicle.

    Car_man
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  • I currently have a lease through Chrysler that is due to expire in May. We are now looking at a T&C Touring Signature with a MSRP of 34185. The dealer has come in with a 39 month lease with 12k per year at $399 including tax with $1000 down and they will waive the last two payments. This is with the 4000 rebate,1000 loyalty, and 500 president day bonus. I am wondering if he is in the ballpark with this figure.

    Thanks,
    Vince
  • Hello Vince. You never mentioned the selling price of the Town & Country 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 van 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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  • In Oct 2006 I leased, for the first time ever, a 2006 T & C Touring. I traded a '96 Ford Conversion, which gave me $1500 toward the lease. No loyalty bonus. There was a 4000 rebate, and I also used a friend's employee discount. The lease is a 27 month lease with 12,000 miles/year. The Touring is pretty basic, no extra frills, but basic is pretty loaded. My total monthly payment is $212 after tax. I live in SE Michigan. By the way, this van handles great, features are terrific, love it.
  • The selling price is $31177.93 less $5500 in rebates. So the bottom line would be $25,677.93. I hope this helps in answering my question.

    Thanks,
    Vince
  • I have another question. I heard that April will be van month for Chrysler. Supposedly there will be some good deals on leases. Have you heard anything on this? Today is the last day for the current incentives.

    Thanks,
    Vince
  • This is the deal they have on the table 2007 Town and Country Signature Series Sticker Price 34085. With 1500 out of pocket for 27 months with 12,000 miles $370 a month including tax. How does this sound?
  • davidjnjdavidjnj Posts: 1
    I was looking at a 2007 T&C yesterday with a sticker of $32,730. Of course, the first question I was asked was if I had the Chrysler discount or could get an EC number. The answer is no to both. The lease deal they came up with was $296/month with $1375 out of pocket. (Up the road, a different dealer offered me the $296 but only $715 out of pocket).

    I have two questions:

    1. Should the destination charge be counted in the inception fees? It seems to me the difference between the two dealers in the up front costs was close to the destination fee.

    2. One of the dealers mentioned a program to get customers from a competing company (in my case GM) into a lease by offering some sort of discount through the P3 (I think that's what he called it) program. Has anybody heard of this and how much of a discount is it?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey Vince . What you heard is correct. DaimlerChrysler has some very attractive incentives on minivans this month, April. It is currently providing special lease money factors, $3,000 to $4,000 lease cash, special dealer cash incentives, and a free DVD system on '07 minivans.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bigguyny. You never mentioned the selling price of the Town & Country 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 van 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 on this deal if you let me know what its selling price is.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi davidjnj. Vehicles' destination charges are considered to be part of their prices and are always made part lease payments rather than paid at lease signing. A special incentive for current owners of non-DaimlerChrysler products would be called a "conquest" offer. I am not aware of any conquest cash offers on the 2007 Chrysler Town & Country right now.

    This is a very good month to get a new minivan. DaimlerChrysler has tons of incentives on the Town & Country and Caravan right now.

    Car_man
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  • lisa765lisa765 Posts: 8
    Car Man,

    Can you provide the Base lease rate and residual for a 2007 Chrysler T&C Touring?

    36 months / lowest mileage (whatever that is)
    Also, do you know what the lease fee is for Chrysler?

    Thanks for your help, again :)
  • jerezjerez Posts: 2
    My lease is up on my Chrylser vehicle and it's time to get a new one. The last time I got a vehicle my sales person sold me a chrylser employee number because the person who was going to give me one wasn't able to. I really need a number, but can't afford to pay $100 dollars for it like last time. Does anyone have any suggestions? Thanks.
  • maayabazarmaayabazar Posts: 4
    :confuse: Hello,
    I have never leased a vehicle and I am planning to lease a Chrysler Town and Country or Jeep. I might get the lease for $170 per month with $500 down for 27 months. Is this a good deal? Looks like the entire lease process will cost me < $5000 for 27 months. I have a small business and I am planning to take tax advantages. Please advice.

    Thank You.
  • nm_socalnm_socal Posts: 29
    Vow! This sounds a pretty good deal. $500 down and $170/mon for 27 months? What is the MSRP on this car? Where (town, state) is this? How many miles per year?

    My brother (in Northern California) is considering Toyota Sienna or Honda Odyssey, with MSRP between $22k and $28k. But they are not offering as much rebate+discount as Chrysler is, and I am wondering if it's a better idea to go for a T&C.

    Any suggestions would be welcome. The time-frame is immediate, and we can pick up the car from Northern California, Southern California or even from Phoenix/Yuma, Arizona.

    Thanks.
  • maayabazarmaayabazar Posts: 4
    I found this deal in Novi, MI. This promotion only is applicable to Employee Plus. You need to know a Chrysler employee to get this special pricing.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're interested in, lisa765. Chrysler Financial's current buy rate lease money factor and residual value for a 2007 Chrysler Town & Country Touring with 10,500 miles per year are .00091 and 45%, respectively. Chrysler Financial charges a $700 acquisition fee on every vehicle that it leases. When negotiating your lease on this van, make sure to take advantage of the $4,000 lease cash and $500 bonus cash ($4,500 total) that are available on it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi maayabazar. That sounds like a very low monthly payment for a Chrysler Town & Country. Normally I would ask what selling price your lease is based upon, but it should be very attractive since you are going through DaimlerChrysler's employee purchase program. If you like the van, go for it.

    Car_man
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  • Thank you Car_man for the above information. Several questions. Do you know if the above money factor (.00091) and residual value (45%) and 10500 miles are the same for the Limited?

    Do you have any idea what the 2008 residual factor might be…I know it is purely speculation at this point. It makes it difficult to decide if I should wait for the 2008 or buy now taking advantage of the cash enticements.

    I imagine the residual values will be considerably higher when the 2008 vans are released. I believe in the spring of 2004, when Chrysler introduction the new model year 2005 Town & Country vans, residual values were 59%.

    Thanks - Mark
  • alien99alien99 Posts: 1
    Hi all- I am new to the forum and would like to hear your opinion on the following lease deal from a local dealer.

    Car : 2007 T&C Spring Special Edition
    Up-front downpayment: 3,000
    Monthly payment: 349.00/month
    Contract duration: 27 months and 12K Mile/Month

    I only give the dealer the deposit but haven't signed any paper yet.

    I search the Internet and saw an ad from Ed Tomko chrysler Jeep, for the same car/contract, they offer monthly payment of $189/month with $2995 cash down. Am I being ripped off?

    Thanks-
    Tim
  • mtl1977mtl1977 Posts: 3
    That $189 price probably includes returning leasee discounts, employee pricing (?), no tax, title, etc.

    My 2005 F-150 lease advertisement was $169/month. My actual payment was $240, no $$ down. Not bad for a $34k truck!

    My 2007 Grand Caravan SXT Special Edition runs $310/month with no money down, 27 month, 10.5k miles per year. Got the employee pricing through a relative.

    Leather, sunroof, bluetooth, 6-disc DVD changer, navigation, power pedals (useless), Sirius, power doors/hatch, mono-chromatic extra cost paint, sweet van for the $$.

    I'd never consider buying one, too much stuff to break (like the power doors). Stay under 36k total miles on the lease so it stays in warranty. I expect my trans to crap out any day.
  • sasabellasasabella Posts: 1
    Hello Car man,

    I am new to leasing, but I was wondering if you could tell me what the money factor and residual value would be for a 36 months lease with 15,000 mi/yr on a Town and Country Spring Special Edition.
    I am in Illinois. Do you by any chance know what people have been paying out the door for a vehicle like this?

    My husband works for a company that has one of those corporate agreements with Chrysler, where they issue you a control number and you should be able to get a discount ( I believe 1% under invoice).
    Should we mention it right away when requesting a price quote or wait until they give me a price and then ask if it will go down any more once I provide them with the control number?

    Sorry about the rambling post. :blush:
    I look forward to your response.
    Thank you
  • Hello,
    My husband and I are looking to buy a Town and Country Touring or Limited in July. Does anyone know if the incentives are the same ($4500, or are they greater since they are rolling out he new 2008's soon? It's too late in the day to call a dealer, but I thought I would get as much info as I could and see if I could try to figure out what my lease could be with our down payment and incentives etc.
    Thank you,
    Bren
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