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2014 Dodge Charger Lease Questions

steverstever Viva Las CrucesPosts: 41,297
edited September 22 in Dodge
Welcome to the Edmunds discussion dedicated to 2014 Dodge Charger leasing questions.
Here you can find and discuss all the latest lease details for the 2014 Charger, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

You can also research local dealer inventory and pricing, reviews, features, and specifications, on our 2014 Dodge Charger page.

If you have already leased, we invite you to review your vehicle by starting on the following page: http://www.edmunds.com/car-reviews/consumer-ratings-reviews.html

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Comments

  • Hi, would you please post MFN and rv for charger rt awd, 36 mo and 15k mi. Doesn't look like dodge is offering much in the way of incentives. Anything new for October? Thanks.
  • kyfdxkyfdx Posts: 29,863
    2014 Dodge Charger R/T AWD 36mo, 15K/yr lease
    .00071 MF and 54% residual

    regards,
    kyfdx

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  • amirasamiras Posts: 15

    Hi carman! Can you please post the January lease rates and residuals for a 2014 Dodge Charger R/T RWD (24 and 36 months)? Thanks!!

  • kyfdxkyfdx Posts: 29,863

    @amiras said: Hi carman! Can you please post the January lease rates and residuals for a 2014 Dodge Charger R/T RWD (24 and 36 months)? Thanks!!

    36mo, 15K/yr lease: .00015 MF and 53% residual

    24mo, 15K/yr lease: .00032 MF and 64% residual

    kyfdx

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  • amirasamiras Posts: 15

    Sorry for the additional question, but do you have the SXT RWD numbers as well for 24 and 36 months? Thanks a lot!!!

  • kyfdxkyfdx Posts: 29,863

    @amiras said: Sorry for the additional question, but do you have the SXT RWD numbers as well for 24 and 36 months? Thanks a lot!!!

    .00025 MF and 52% residual for 36

    .00010 MF and 62% residual for 24

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  • Kyfdx, can you help me figure this out?

    I'm looking to lease a Charger SRT w/ 12k miles a year for 36 months. $0 down. MSRP about $53k. Let's just say we subtract the current $3,500 incentive along with a few points for the sake of this discussion. Final sale price around $48k. The best lease price I'm getting from any dealer in the mid-west/east coast is ~$850/month. Even the Dodge website payment tool (which is based on MSRP) says this should be closer to $650.

    $850 is pretty darn close to what I lease my $70k BMW for.

    Are the Charger SRT's really looking at ~38% residual after 36 months, or is there more to this?

    Appreciate the advice.

  • kyfdxkyfdx Posts: 29,863

    .00015 MF and 52% residual..

    Using those rough parameters (and assuming your numbers are correct) I get about $579/mo, plus tax..

    Add about $28/mo pre-tax to that for every $1000 higher in CAP cost... You really need to ask them the sellling price, cap cost and money factor/residual being used.. Even jacking up the money factor for sign and drive, plus extra dealer profit is only going to add $50/mo. to that calculation..

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  • Appreciate the response. They've responded with .00057 MF and 51% residual, plus a very bloated cap cost, $55k. Not sure what the disconnect is. I showed them the SRT site and the advertised lease rate http://www.drivesrt.com/2014/charger-srt/. They ran the same car and came back with another ~$200/month. I even called SRT and they said it should be what you and I are coming up with.

    Seeing as how every dealer I've had quote it is so close in price, I can only assume that there is lease program information that is not making it to them. Oh, well... maybe it will correct in Feb.

  • kyfdxkyfdx Posts: 29,863

    The problem you get with max price trims... is that dealers assume those buyers are not price sensitive. They are marking up the money factor the maximum allowed, and going for the home run. They probably don't get a lot of $55K Chargers, so they don't feel the need to bargain. If you only have one, you wait for the guy that just has to have it..

    So... I'm sure they have the lease program... they just don't feel the need to bargain.

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  • bwilliams11bwilliams11 Posts: 3
    edited February 5

    Yeah, I'm not that guy. Thanks for the help. I think I'll keep my business with BMW.

  • naimy1992naimy1992 Posts: 9
    edited February 24

    What is the residual and money factor for a 2014 dodge charger RT max awd for 36 months with 10k a year? Also what is the acquisition fee for this car? Thank you!!

  • kyfdxkyfdx Posts: 29,863

    @naimy1992 said: What is the residual and money factor for a 2014 dodge charger RT max awd for 36 months with 10k a year? Also what is the acquisition fee for this car? Thank you!!

    .00029 MF and 58% residual. $595 acquisition fee.

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  • andremikeandremike Posts: 41

    I have been toying with buying a 1 or 2 year old used charger or possibly leasing a new one. I am conflicted that there might be some better deals on a charger in the coming months when the new 2015 comes out.

    but anyway,,,, I see some lease numbers that caught my eye on Dodge's website. so what are the residuals and money factor at 15K per year, 36mo, on a 2014 charger sxt plus 100th anniversary edition? MSRP is $36880 what is the invoice price and what incentives are going on right now?

    Any idea on a payment for this car with $2500 down?

    Thanks Mike

  • MichaellMichaell ColoradoPosts: 6,421

    @andremike said: I have been toying with buying a 1 or 2 year old used charger or possibly leasing a new one. I am conflicted that there might be some better deals on a charger in the coming months when the new 2015 comes out.

    but anyway,,,, I see some lease numbers that caught my eye on Dodge's website. so what are the residuals and money factor at 15K per year, 36mo, on a 2014 charger sxt plus 100th anniversary edition? MSRP is $36880 what is the invoice price and what incentives are going on right now?

    Any idea on a payment for this car with $2500 down?

    Thanks Mike

    Before we get into details, I just read something yesterday that Dodge will be offering 12 month leases on the Charger and Challenger if you then trade into the new 2015 model. I don't have any numbers for this program, but I suspect the residual will be quite high. Dodge has contracted with Enterprise and they will purchase all the cars at the end of the 12 months.

    So, you get a car now and the newer, better one in a year.

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  • andremikeandremike Posts: 41

    yea i saw that..

  • MichaellMichaell ColoradoPosts: 6,421

    .00032 and 51% for 36/15 on the Charger SXT 100th Anniversary

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  • biliiousbiliious Posts: 10
    edited April 19

    I really need some help understanding these numbers. Thanks in advance for the help. I'm looking to do a 24 month lease on a Charger RT Max AWD. The monthly payment they have given me on their worksheet doesn't add up to what my numbers add up to on a lease website. I'm hoping you can help me find the difference. Here's what I have on their worksheet:

    $42,435 MSRP -4366 employee discount -1000 incentives $792 for title, bank fee, doc fee, etc. 66 percent residual for 12k miles and 24 months (calculated off the MSRP should be $28007) 7 percent Indiana sales tax Their payment $517.22 per month

    When I put these same numbers into leaseguide.com I get a payment of $483.73. These are the exact same numbers. My question is, are they adding something into the calculation they aren't showing me, calculating it differently, or am I just stupid?

    I appreciate your answers.

  • MichaellMichaell ColoradoPosts: 6,421

    @biliious said: I really need some help understanding these numbers. Thanks in advance for the help. I'm looking to do a 24 month lease on a Charger RT Max AWD. The monthly payment they have given me on their worksheet doesn't add up to what my numbers add up to on a lease website. I'm hoping you can help me find the difference. Here's what I have on their worksheet:

    $42,435 MSRP -4366 employee discount -1000 incentives $792 for title, bank fee, doc fee, etc. 66 percent residual for 12k miles and 24 months (calculated off the MSRP should be $28007) 7 percent Indiana sales tax Their payment $517.22 per month

    When I put these same numbers into leaseguide.com I get a payment of $483.73. These are the exact same numbers. My question is, are they adding something into the calculation they aren't showing me, calculating it differently, or am I just stupid?

    I appreciate your answers.

    So ... using $42,435 as the MSRP and $37,861 as the selling price, 66% residual and .00013 as the base MF, I get a pre-tax payment of $419.14 for 24 months. Add in 7% tax, and I'm at $448.48/mo.

    The residual matches what I have, but I'm wondering if the MF is being marked up.

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  • biliiousbiliious Posts: 10

    Thank you. By my math, it looks like they are marking the MF up to .0011 (2.65%). Is the current money factor actually .00013? If so, I'd definitely like to negotiate it back down to that.

  • eusshkreusshkr Posts: 23
    edited April 19

    Was checking out a Charger yesterday for lease at a local dealership, and the salesman told me a new lease special for a 1 year lease at $329/month and $2999 down on a Charger/Challenger SXT/RT. Saw a vehicle at MSRP 36275. Didn't work out the numbers yet.

    Can you provide the MF and Residual for an SXT and RT at 15K miles for 1 year lease? Thanks in advance.

  • kyfdxkyfdx Posts: 29,863

    @eusshkr said: Was checking out a Charger yesterday for lease at a local dealership, and the salesman told me a new lease special for a 1 year lease at $329/month and $2999 down on a Charger/Challenger SXT/RT. Saw a vehicle at MSRP 36275. Didn't work out the numbers yet.

    Can you provide the MF and Residual for an SXT and RT at 15K miles for 1 year lease? Thanks in advance.

    Well. $329/mo. + $2999 down for 12 months = $579/mo.!! Even if it's only for one year, that seems like a lot. Either way, we don't have any 12 month lease information. The shortest terms we have information for are 24 months.

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  • biliiousbiliious Posts: 10

    @kyfdx@Edmunds said: Well. $329/mo. + $2999 down for 12 months = $579/mo.!! Even if it's only for one year, that seems like a lot. Either way, we don't have any 12 month lease information. The shortest terms we have information for are 24 months.

    This is the Dodge "Double Up" lease. You pay $2999 down and lease a 2014 Charger or Challenger (excluding SE and SRT) for 12 months. After that period, you get the 2015 version for a 36 month lease at the same payment with no additional money down. The downside is you can't use any of the existing incentives or employee purchase pricing.

  • kyfdxkyfdx Posts: 29,863

    That's interesting.. not something I have any information on, however.

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  • biliiousbiliious Posts: 10

    Going in to negotiate the lease tomorrow. Can I have the most current residual and MF on the 2014 Charger RT Max AWD for 24 months and 12k/15k miles. Thanks. I think I have everything else I need.

  • MichaellMichaell ColoradoPosts: 6,421

    @biliious said: Going in to negotiate the lease tomorrow. Can I have the most current residual and MF on the 2014 Charger RT Max AWD for 24 months and 12k/15k miles. Thanks. I think I have everything else I need.

    MF is the same as before, but subtract 2% on the residual for 15K miles.

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  • biliiousbiliious Posts: 10

    Thank you as always. That's a nice low money factor. I'm really surprised.

  • xmonaxmona Posts: 9

    2014 Caravan lease

    I need help on a lease pmt for a Caravan SE 12K mi/yr 39 mos lease (or if there is a better lease program out there) I live in NY. Credit score 690 $0 down just DMV cost. Dealer wouldn't tell me the residual on it either. Your help would be appreciated. Thank you in advance

  • MichaellMichaell ColoradoPosts: 6,421

    @xmona said: 2014 Caravan lease

    I need help on a lease pmt for a Caravan SE 12K mi/yr 39 mos lease (or if there is a better lease program out there) I live in NY. Credit score 690 $0 down just DMV cost. Dealer wouldn't tell me the residual on it either. Your help would be appreciated. Thank you in advance

    MF is .00017 and residual is 46%

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  • worcester90worcester90 Posts: 3
    I was hoping to get the residual/MF for a 2014 RT for 24mos and 36mos (both 12k/yr). Thank you!
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