2014 Dodge Durango Lease Questions

ghuber77

Hi Gang,

Got an deal presented on 14 Durango Limited in NJ MSRP $42,905, sales price $37,224, 39mo,12k/yr.. Offer is $432/mo with 3k down from equity on a trade -- trade value seemed fair. They used outside bank, not Chrysler cap so residual is 47% money factor .001300. Good deal or no?

Michaell

@ghuber77 said:
Hi Gang,

Got an deal presented on 14 Durango Limited in NJ MSRP $42,905, sales price $37,224, 39mo,12k/yr.. Offer is $432/mo with 3k down from equity on a trade -- trade value seemed fair. They used outside bank, not Chrysler cap so residual is 47% money factor .001300. Good deal or no?

Hard to say since we don't have access to any numbers other than those from Chrysler Capital.

However, it's not a good idea to use a down payment - or trade equity - to lower the payment. If the vehicle is stolen or totaled you are out that money.

fingot1

Can I please get the rates on a 2014 2wd durango Sxt, and limited , 12k/ 36months . Why does it seem that if i came in off the street to put $0 down on a limited, my payments would be over 600 and around 500 for an SXT

Michaell

@fingot1 said:
Can I please get the rates on a 2014 2wd durango Sxt, and limited , 12k/ 36months . Why does it seem that if i came in off the street to put $0 down on a limited, my payments would be over 600 and around 500 for an SXT

SXT - standard MF and 45%

Limited - .00035 and 50%

Poor residuals account for the large payments.

metroff1

I just got the following deal on my 2014 Dodge Durango Limited. MSRP was $37,190. I went through Costco and they gave me the price of $34,361. I then got the following rebates: $1,500 lease cash; $1,000 Conquest Lease to Retail Lase; $4,250 IDL Bonus Cash through Ally Leasing (It was only supposed to be $3,500 but they were giving an extra $750 towards the Limited). They gave me a money factor of 53% and an interest rate of 6.01%. I got a 36 month / 15K per year lease for $1,500 down and payments of $390/month.

fingot1

Did you apply the rebates after the 34,361 price tage, or did they use those to get you a total price of $34361. How did you get the ally cash, every dealer seems to only want to start with $1500 lease cash.

Maybe the moderator can answer the IDL bonus cash.

kyfdx

I would, if I knew... Sorry.

japaricio

Do you have ally's numbers for a 2014 durango sxt plus rwd w/rallye package. 10k/yr 36 mo

metroff1

@fingot1 said:
Did you apply the rebates after the 34,361 price tage, or did they use those to get you a total price of $34361. How did you get the ally cash, every dealer seems to only want to start with $1500 lease cash.

Maybe the moderator can answer the IDL bonus cash.

Yes, the rebates were given off of $34,361. I went through the Costco auto buying program and $34,361 was the pre negotiated price. Then the rebates came off. If you already have a leased car, then you are eligible for the $1,500 Conquest Lease Rebate. It's not required to get rid of the lease you have, but you must have a lease to get that rebate as well. The IDL bonus cash is given when you use a lease from a company other than Chrysler Finance. Your interest rate is a little higher but the rebate offsets that. I gotta be honest, I dealt with 2 dealerships trying to get this deal done and neither knew anything about the IDL rebate. I had to tell them about it and have them research it and it was only after they spoke to their finance guys that they found it. The way that I found all of the rebates was by going to automobilemag.com and looking at the buyer's guide.

kyfdx

@japaricio said:
Do you have ally's numbers for a 2014 durango sxt plus rwd w/rallye package. 10k/yr 36 mo

I'm sorry, I only have numbers from Chrysler Finance.

fjleno

@metroff1 said:
I just got the following deal on my 2014 Dodge Durango Limited. MSRP was $37,190. I went through Costco and they gave me the price of $34,361. I then got the following rebates: $1,500 lease cash; $1,000 Conquest Lease to Retail Lase; $4,250 IDL Bonus Cash through Ally Leasing (It was only supposed to be $3,500 but they were giving an extra $750 towards the Limited). They gave me a money factor of 53% and an interest rate of 6.01%. I got a 36 month / 15K per year lease for $1,500 down and payments of $390/month.

How were you able to apply both the $1500 lease cash (which I'm assuming is through Chrysler Finance) and the $4250 IDL bonus cash for leasing through Ally Bank?

leasermann

Looking for MF and Residual on Durango R/T AWD, 24/36/39 Months 10k and 12k year.

Also would it be smarter to go through Ally for larger IDL cash?? Have dealer ep also.

Michaell

@leasermann said:
Looking for MF and Residual on Durango R/T AWD, 24/36/39 Months 10k and 12k year.

Also would it be smarter to go through Ally for larger IDL cash?? Have dealer ep also.

.00026 MF

12K residuals:

24mo - 62%

36mo - 51%

39mo - 44%

Add 1% for 10K miles per year.

leasermann

Is that Chrysler Financial or Ally?

@Michaell said:

kyfdx

All of our numbers are Chrysler Finance... we don't have the Ally information.

expereira

I just got an offer on a 2014 Limited Durango RWD with 12K miles a year for 36 Months. Vehicle Price: $37,190.00, Dealer Savings: -$3,040.00, Vehicle Selling Price: $34,150.00. Final price with tax, tag, dealer fee: $37,507.51

DOWN MONTHLY
$1,000 $419
$2,000 $387
$3,000 $355

What are your thoughts? Is this a good deal. We are in South Florida if that makes a difference.

Thanks in advance for your advice.

Michaell

@expereira said:
I just got an offer on a 2014 Limited Durango RWD with 12K miles a year for 36 Months. Vehicle Price: $37,190.00, Dealer Savings: -$3,040.00, Vehicle Selling Price: $34,150.00. Final price with tax, tag, dealer fee: $37,507.51

DOWN MONTHLY
$1,000 $419
$2,000 $387
$3,000 $355

What are your thoughts? Is this a good deal. We are in South Florida if that makes a difference.

Thanks in advance for your advice.

I don't fully understand the "final price" - in Florida, tax is applied to the calculated payment, not added to the cap cost. Tags and dealer fees are usually added to the negotiated price to get to a final net capitalized cost.

MF is .00035 and 50% residual for 36/12.

We do not recommend putting any money down to reduce the cap cost in a lease - if the car is stolen or totaled, you would be out that money.

With $0 down and using your MSRP and pre tags and fees cap cost, I calculate a pre-tax payment of $450.54 for 36 months.

expereira

Thanks for the info. Also, failed to mention, that the figures we were quoted were going through Ally and with total incentives/cash allowances of 6,750.

Michaell

@expereira said:
Thanks for the info. Also, failed to mention, that the figures we were quoted were going through Ally and with total incentives/cash allowances of 6,750.

I don't have any numbers from Ally .. only Chrysler Financial.

expereira

Attached is my latest offer. What do you think?

expereira

Should also give some insight into the Ally numbers for those who are interested.

kyfdx

Very interesting.. Thanks for posting!

newdurango14

Just about to lease a limited Durango with premium package and rear DVD. MSRP is 44,380. I currently have a leased Durango through US BANK. They are giving me the deal of zero down, first payment due for $489 a month. They are returning my current Durango to US Bank. Good deal? This is in NJ with 7% sales tax. That is for 39 months with 12000 miles a year

Michaell

@newdurango14 said:
Just about to lease a limited Durango with premium package and rear DVD. MSRP is 44,380. I currently have a leased Durango through US BANK. They are giving me the deal of zero down, first payment due for $489 a month. They are returning my current Durango to US Bank. Good deal? This is in NJ with 7% sales tax. That is for 39 months with 12000 miles a year

we don't have any numbers for US Bank, so it is hard for us to evaluate your deal.

raechris1

Hi,

Wondering what the MF and residual are for 2014 Limited AWD? Also, do options make a difference? And does GAP coverage come with Chrysler leases?

Thanks in advance.

Michaell

@raechris1 said:
Hi,

Wondering what the MF and residual are for 2014 Limited AWD? Also, do options make a difference? And does GAP coverage come with Chrysler leases?

Thanks in advance.

What lease term and how many miles per year?

raechris1

Sorry 12k / 36 mos.

Michaell

@raechris1 said:
Hi,

Wondering what the MF and residual are for 2014 Limited AWD? Also, do options make a difference? And does GAP coverage come with Chrysler leases?
36mo 12k
Thanks in advance.

.00035 and 52%.

Options do not affect residual.

I believe GAP is included.

coco135

thanks for the help!
i am the worst when it comes to leasing (clueless)

I am looking to lease a citadel RWD msrp 49720, 36 months or 24, 12k miles
eligible for conquest rebate (1k i believe and seems like they offer additional 1500 in rebate)
can i get some $$$ numbers $$$ of how much i should pay with 1500 down that would be a good deal
I am in LA ca

Michaell

@coco135 said:
thanks for the help!
i am the worst when it comes to leasing (clueless)

I am looking to lease a citadel RWD msrp 49720, 36 months or 24, 12k miles
eligible for conquest rebate (1k i believe and seems like they offer additional 1500 in rebate)
can i get some $$$ numbers $$$ of how much i should pay with 1500 down that would be a good deal
I am in LA ca

What is the net cap cost? Without that, it is hard to figure out a decent payment.

coco135

It is 45700

@Michaell said:
What is the net cap cost? Without that, it is hard to figure out a decent payment.

Michaell

@coco135 said:
It is 45700

We don't have the July numbers yet to model a payment. Give us a day or two.

bigblockc3

Hello again... Looking at the 2014 Durango AWD R/T & the Durango AWD Citadel.
We will put no more than 10,000 per year on it. Can you please provide the following for "each?"
1. Money Factor, 2. Residual, 3. Lease Cash (advertised is $2,000?), 4. Factory to Dealer Lease cash (usually undisclosed), 5. Any other lease incentives?, 6. Hold Back

Thanks once again!

GEO

Michaell

@bigblockc3 said:
Hello again... Looking at the 2014 Durango AWD R/T & the Durango AWD Citadel.
We will put no more than 10,000 per year on it. Can you please provide the following for "each?"
1. Money Factor, 2. Residual, 3. Lease Cash (advertised is $2,000?), 4. Factory to Dealer Lease cash (usually undisclosed), 5. Any other lease incentives?, 6. Hold Back

Thanks once again!

GEO

Sorry, the July numbers from Chrysler aren't yet available.

bigblockc3

Check back next week?

coco135

If it helps...Today (7/3/14) i got a citadel RWD for 24 months lease with 10k miles per year...
Residual 59%
MF 0.000135
went through Chrysler capital

@bigblockc3 said:
Check back next week?

kyfdx

Thanks for reporting in..

We should have the new numbers by early next week.

barhoc11

I just got some pricing on a 2014 Durango AWD Limited from my local dealer and it seems high to me, can anyone please let me know if I am getting taken advantage of? I got priced a monthly payment of $445 for 36 months with around $1k due at signing (first month pmt, taxes on rebates, registration). The sticker on the car is $41,880 and I was given the Employee Price due to father in-law being a Chrysler employee. I appreciate the help and apologize for my ignorance.

Michaell

@barhoc11 said:
I just got some pricing on a 2014 Durango AWD Limited from my local dealer and it seems high to me, can anyone please let me know if I am getting taken advantage of? I got priced a monthly payment of $445 for 36 months with around $1k due at signing (first month pmt, taxes on rebates, registration). The sticker on the car is $41,880 and I was given the Employee Price due to father in-law being a Chrysler employee. I appreciate the help and apologize for my ignorance.

What is the employee price, and what is the lease term and miles per year?

bigblockc3

Hello again... Checking Back. Still Looking at the 2014 5.7L Durango AWD R/T & the Durango AWD Citadel. We will put no more than 10,000 per year on it. Can you please provide the following for "each?" 1. Money Factor, 2. Residual, 3. Lease Cash / Advertised is $2,000 cash allowance? 4. Factory to Dealer Lease cash (usually undisclosed), 5. Any other lease incentives?, 6. Hold Back (3.00%?), 7. Terms: 24, 36, 39 & 48... 8. *Does engine size or transmission options affect residual % value in either of the two trims?

Thanks once again!

GEORGE

kyfdx

@bigblockc3 said:
Hello again... Checking Back. Still Looking at the 2014 5.7L Durango AWD R/T & the Durango AWD Citadel. We will put no more than 10,000 per year on it. Can you please provide the following for "each?" 1. Money Factor, 2. Residual, 3. Lease Cash / Advertised is $2,000 cash allowance? 4. Factory to Dealer Lease cash (usually undisclosed), 5. Any other lease incentives?, 6. Hold Back (3.00%?), 7. Terms: 24, 36, 39 & 48... 8. *Does engine size or transmission options affect residual % value in either of the two trims?

Thanks once again!

GEORGE

R/T: .00026 MF and 52% residual for 36mo, 10K/yr.

.00031 MF and 62% residual for 24mo, 10K/yr

Citadel: .00015 MF and 51% for 36mo, 10K/yr

.00017 MF and 60% residual for 24mo, 10K/yr.

You can find the answers to 3), 4), 5) and 6), by using the shopping tools at the top of the page, under the Car Research tab.

kyfdx

@bigblockc3 said:
Hello again... Checking Back. Still Looking at the 2014 5.7L Durango AWD R/T & the Durango AWD Citadel. We will put no more than 10,000 per year on it. Can you please provide the following for "each?" 1. Money Factor, 2. Residual, 3. Lease Cash / Advertised is $2,000 cash allowance? 4. Factory to Dealer Lease cash (usually undisclosed), 5. Any other lease incentives?, 6. Hold Back (3.00%?), 7. Terms: 24, 36, 39 & 48... 8. *Does engine size or transmission options affect residual % value in either of the two trims?

Thanks once again!

GEORGE

R/T: .00026 MF and 52% residual for 36mo, 10K/yr.

.00031 MF and 62% residual for 24mo, 10K/yr

Citadel: .00015 MF and 51% for 36mo, 10K/yr

.00017 MF and 60% residual for 24mo, 10K/yr.

You can find the answers to 3), 4), 5) and 6), by using the shopping tools at the top of the page, under the Car Research tab.

bigblockc3

Found Hold Back and Incentives under tabs provided - Thank you! The advertised incentives match with what Edmund's advises... *Unfortunately, the factory to dealer "lease-cash" is not disclosed anywhere? I guess I will need to estimate that number. Most dealers receive at least a $1,000 from the factory to help move older inventory for the new model year units... Before I begin negotiating, can you provide the break-down for terms 39 & 48 as you did for 24 & 36? The residuals & MFs will be poor but I'd like to see it just in case... ***Thanks for ALL your help! George

bigblockc3

Another question... With regard to money factor. I'm shopping for a client's son as well who may fall into tier 2 or 3. *Do you have MF info for these as well?

kyfdx

@bigblockc3 said:
Found Hold Back and Incentives under tabs provided - Thank you! The advertised incentives match with what Edmund's advises... *Unfortunately, the factory to dealer "lease-cash" is not disclosed anywhere? I guess I will need to estimate that number. Most dealers receive at least a $1,000 from the factory to help move older inventory for the new model year units... Before I begin negotiating, can you provide the break-down for terms 39 & 48 as you did for 24 & 36? The residuals & MFs will be poor but I'd like to see it just in case... ***Thanks for ALL your help! George

R/T: .00026 MF and 44% residual for 39mo, 10K/yr.

Citadel: .00015 MF and 42% for 39mo, 10K/yr

I don't have any 48 month numbers.... you can see why 36 months is the longest term you should consider on this model..

kyfdx

@bigblockc3 said:
Another question... With regard to money factor. I'm shopping for a client's son as well who may fall into tier 2 or 3. *Do you have MF info for these as well?

Money factors are good for Tier 1 or 2... for Tier 3, add .00060

bigblockc3

That's VERY interesting? So the MF remains the same regardless of Tier 1 or Tier 2? I assume that if a borrower falls into Tier 2, underwriting may require more money down or perhaps look for other compensating factors before approving the loan? Tier 3 credit has a MF which is three (3) to five (5) times GREATER than the first two tiers. *Pretty steep! Chrysler actually advertises a 48 month lease; However, residuals must be horrible. I certainly agree that 36 months is the longest term anyone should take for a lease in this case. Thanks for taking the time to clear this up

top_seal

In NY, I am looking at a Dodge Durango both SXT and Limited (my wife wants leather) and would like the MF and Residual for 36 mo/12k mile lease. The info at cars.com/go/alg makes me think the lease will be very expensive due to poor residual (as compared to Highlander, Santa Fe, etc)

kyfdx

@top_seal said:
In NY, I am looking at a Dodge Durango both SXT and Limited (my wife wants leather) and would like the MF and Residual for 36 mo/12k mile lease. The info at cars.com/go/alg makes me think the lease will be very expensive due to poor residual (as compared to Highlander, Santa Fe, etc)

.00015 MF and 51% for the Limited. For some reason they aren't supporting leases of the SXT, this month.

You have to take everything into account, not just the residual. Money factor and incentives are just as important.. I doubt you can lease a Highlander any cheaper, this month, but maybe the Santa Fe.

top_seal

Dealers willing to agree to low cap cost on Santa Fe GLS AWD are awaiting shipments due in mid-Aug and those would be best deals. so right now, I find the Pathfinder SL as the best deal in hand, but Highlander XLE is close behind - both in the upper $300s/month. The Truecar.com guaranteed quote is the best to get to a low cap cost. Edmunds was higher, but not too bad. Costco Auto quotes were much higher and not worthwhile.