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2013 and earlier Dodge Charger Lease Questions

kyfdxkyfdx Posts: 29,224
edited July 7 in Dodge
Ask your lease questions here!

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  • Hi i wanted to know if you could tell me the current residual and money factor on a 36 or 39 month lease on a dodge charger sxt. I was at a few dealers and they both gave me different prices and one told me that dodge charges a $700 bank fee, while the other told me that there is no bank fee. The cars msrp is 27,545 and i'm trying to get them to match carsdirect.com price of 24,675. I will be putting $2,000 down plus paying the DMV fees of $340 and tax. Thanks
  • Hi jhandal. If you were to lease a 2006 Dodge Charger SXT 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 .00266 and 52%, respectively. The numbers for an otherwise identical 39 month lease should be .00266 and 51%. Chrysler Financial charges a $550 acquisition fee on the vehicles that it leases.

    Car_man
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  • I want to know if the dodge charger is a fast car. Is it front wheel drive or what?
  • kyfdxkyfdx Posts: 29,224
    Try this discussion:

    Dodge Charger for 2006

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    Prices Paid, Lease Questions, SUVs

  • I am looking at leasing the 2006 Dodge Charger. A local dealer has offered to fanagle an employee discount for me, and I also qualify for Lease Loyalty. The max term is 36 months/36K miles (it appears DCX is pushing 27/27 right now) and I want $0 down payment (startups are okay).

    The vehicle I want is as follows:

    Base MSRP $22,320
    27G SXT Package MSRP $3,200
    WPR 18X7.5 Polished Aluminum Wheels MSRP $150
    Destination $675
    Total MSRP $26,345

    Can you calculate what my lease payment would look like before state sales tax? I just want to be sure I am informed before accepting an offer. Thanks.
  • Hi t_o_n_y. I'd be happy to estimate what your lease payment should be like on this car for you. However, in order for me to do so I need you to tell me the exact selling price that you are getting it for. On a related note, I wasn't sure what to think of the Charger's styling at first, but I have to tell you that it has really grown on me. I now really like the way that it looks. Anyhow, get me that number and I'll work up a payment for you.

    Car_man
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  • jdifotjdifot Posts: 1
    Car_man,

    Quick question. I just signed up for a deal with a local dealer on a charger SE. MSRP $22,995, Payments of $275 per month, with $2775 down and $825 for aquisition registration and taxes, residual of $12,187. Am I getting a good deal? I have already paid $1,100 for the first month, aquisition, taxes, and registration but have not taken possesion of the vehicle. I believe I can still back put if I find a better deal. Your advise would be much appreciated.
  • t_o_n_yt_o_n_y Posts: 6
    Sorry Car_man - here is what I know so far:

    The total price is $23,517 (without startups). That includes the $1000 incentive currently offered.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jdifot. 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 on this deal if you let me know what this car's selling price is.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Don't worry about it, Tony, community members leave out this sort of information all the time. OK, if you were to lease a 2006 Dodge Charger SXT with an MSRP of $26,345 and a selling price of $23,517 through Chrysler Financial right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $355.

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  • h0ldemh0ldem Posts: 1
    My wife and I test drove Chargers over the weekend. We had a great time. We're seriously considering an R/T. I was wondering if anyone had current residuals and money factors for the R/T, so that I can put some numbers together?

    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'm glad that you liked the Charger so much, h0ldem. I personally wasn't sure what to think about it when it first came out, but it has really grown on me. I like it now. This car's money factors and residual values vary depending upon how long you lease it for and how many miles per year you are allowed to drive it. 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. If you were to lease a 2006 Dodge Charger R/T through Chrysler Financial on or before April 3rd for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00244 and 50%, respectively. When negotiating your lease on this car, keep in mind that DaimlerChrysler is providing a $1,000 bonus on leases of it and most dealers are getting $1,000 dealer cash back on vehicles sold right now.

    Car_man
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  • qbrozenqbrozen Posts: 17,435
    sooo... would that be $2k that someone leasing should be able to get off the cap cost?

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Well, you should have been able to get more than $2,000 off of the capitalized cost of a Charger last month, qbrozen. The $2,000 was only the cash incentives that were available on it. You should have been able to negotiate an additional discount on top of that.

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  • elchurroelchurro Posts: 4
    Car_Man,

    Your post was very informative, even for someone trying to buy. I am looking to buy a Charger SXT (package 27G, 18 in. wheels, Sirius & leather) with an MSRP of $27,052. Including the $1,000 rebate, I have been able to negotiate down to $25,852. I was not aware, however, of the $1000 cash back. I have the following questions that may help with my negotiations:

    1. Assuming I have excellent credit, will the $1,000 rebate result in a high interest rate--9% or higher.

    2. How much "play" should I get out of the dealer cash back?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'm glad that you found it so helpful, elchurro. Chrysler is not currently providing any special finance rates on the Charger right now. As a result, if you finance through it to take advantage of the $1,000 Chrysler Financial Bonus you will have to use its standard finance rates. Most captive finance companies', especially GM's, Ford's and Chrysler's, standard finance rates are fairly high. I'm not sure what Chrysler Financial's current standard rate is, but it's probably around 8.x% to 9.x%. If you want to take advantage of the additional $1,000 bonus, but don't like the high rate, you can always pay your loan off early or refinance your car through an independent bank.

    Car_man
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  • andre1andre1 Posts: 78
    Car_Man,
    For June, are the residual and money factor still 50% and .00244 for a Dodge Charger R/T (15,000/36 months)? Also, what is the same lease information for 12,000/36 months, 12,000/24 months and 15,000/24 months? Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey andre1. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month, 15,000 mile per year lease of a 2006 Dodge Charger RT are .00333 and 49%, respectively. For a 24 month, 15,000 mile per year lease its current numbers should be .00136 and 58%. The residual values for either of these leases with only 12,000 miles per year would be 2% higher.

    Car_man
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  • andre1andre1 Posts: 78
    Car_Man,
    Please provide the August residual and money factors for the 2006 Dodge Charger R/T as follows. Also, is Dodge offering any lease cash this month on this vehicle?

    24 and 36 month
    12K and 15K miles per year
  • kem_7kem_7 Posts: 1
    OK, I'm a little confused here. I went to a Dodge dealer tonight to get a quote for a lease on a 2006 Charger R/T. I have a Saturn Vue that still has ~$1400 in lease payments left. DCX is currently offering Employee Pricing on Chargers, and the one I was looking at would come out to a base price of $28,000 with Employee Pricing. OK, I'm fine with that....here's what I don't get. The dealer came back with a quote of $900 down and $650/month!!!! This is before any credit checks / financing issues / etc....is it just me or does that seem a tad HIGH??? Even if you roll in the remaining lease payments, that would put my base at like $30k....since when does any $30k car come out with a LEASE price of $650/month?? This was the 27/27 term. I just don't get it. And this is for an '06 model when they've got a lot FULL of 06's and 2007's coming off the trucks already. Um, HELLO?? Anyone have any idea how I can get a Charger that's actually REASONABLE?? For $650/month, I'm gonna walk down the street to the BMW dealer and park myself in a 7-series! Anyway...any advice would be helpful. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, andre1. DaimlerChrysler seems to be pushing two year leases of this car right now. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Dodge Charger R/T, cool vehicle btw, with 15,000 miles per year are .00214 and 58%, respectively. This car's 36 month numbers are .00341 and 49%. If you were to lease it with only 12,000 miles per year, its 24 month residual value would be 1% higher and its 36 month residual value would be 2% higher. DaimlerChrysler is not providing any cash incentives on the '06 Charger this month, other than the ability to purchase it through its Employee Purchase Program.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi kem_7. You're right, that lease payment does sound pretty high. I would be happy to use Chrysler Financial's actual lease program to tell you what your lease payment should be on this car, but in order for me to do so I need you to provide me with its full MSRP and selling price. Let me know and I'll crunch some numbers for you.

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  • surge1surge1 Posts: 8
    Car_man,
    by using your figures for August on a 36 month lease, I came up w/ the following for the Charger R/T base:
    MSRP: $30705
    Employee pricing: $27881
    Residual: $15045
    Tax In NY state: %8.375
    Lease payments w/ $0 down: $442.01/month.


    does this sound about right to you? Also, do you know if NY state requires you to pay taxes on the whole car, or just the lease payments?
    Thank you.
  • carlaw1carlaw1 Posts: 3
    Also, Car_man,

    Would it be possible to calculate a 24 month and 36 month, 15k year, 0 down, for a Charger SRT-8 with an employee price of 38,806?

    Like others, I am comparing this car against the CTS-V, which seems to lease at a better rate. More expensive car, but similar lease payments. Is this correct?

    Thanks in advance for the assistance.
  • I just leased a charger r/t on 8/31. Got a pretty good deal I think. Deal is as follows: 27 months/15k per year. $398 per month with $3000 down. The car sticker is 33k even. I got employee price minus $1000. Plus $1000 rebate for an aged vehicle (car was on the lot since March). Residual was 57%. Interest rate was around 5%. Watch out for the $425 turn in fee on the back end of the lease if they go through Diamler. I got the dealer to absorb it since they did not disclose it up front. Good luck to all new charger owners. I love mine so far. :)
  • Hi surge1. I just worked up a sample lease payment using Chrysler Financial's new September lease program (.00225 / 47%) and here's what I came up with. According to my calculations, if you were to lease a 2006 Dodge Charger R/T with an MSRP of $30,705 and a selling price of $27,881 through Chrysler Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $469. With only 12,000 miles per year, the payment for an otherwise identical lease would drop to around $454.

    I'm not sure how New York calculates sales tax on leased vehicles, but you may be able to find out by visiting one of the following sites: New York State Department of Motor Vehicles Internet Office or New York State Department of Taxation and Finance.

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  • I'd be happy to work up a lease payment for you, carlaw1. However, in addition to the selling price that you have already mentioned, I also need you to provide me with this car's MSRP in order to do so. Let me know and I'll crunch some numbers.

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  • Congratulations on your new Charger, cicco. It's a neat vehicle. Enjoy!

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  • andre1andre1 Posts: 78
    Car_Man,
    Please provide the October lease numbers (money factor, residual) for the 2006 Charger R/T and SRT models. Please provide these numbers for 24 and 36 months for 12K and 15K miles per year. Also, does the $2000 lease cash still apply for October. Thanks!
  • Hey andre1. Here you go. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Dodge Charger R/T with 15,000 miles per year are .00134 and 56%, respectively. The numbers for an otherwise identical 36 month lease are .00225 and 47%. If you were to lease this car with only 12,000 miles per year, its 24 month residual value would be 1% higher and its 36 month residual would be 2% higher. The $2,000 bonus for deals through Chrysler Financial is still available in October.

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