2014 Dodge Durango Lease Questions

jblpsyched

I feel better now--the question is whether or not it's realistic to get them to show me the math and be honest about it! Only time will tell--and it should be soon! Thank you again.

Michaell

@jblpsyched said:
I feel better now--the question is whether or not it's realistic to get them to show me the math and be honest about it! Only time will tell--and it should be soon! Thank you again.

Lots of Dodge dealers out there for you to work with if you don't feel comfortable with this one.

jblpsyched

Can I run my current situation/offer by you? My local dealer is offering a 2014 Dodge Durango SXT AWD optioned as I prefer for:

MSRP 37,975
Agreed upon selling price: 34,475
Trade-in value: 1500
This leaves a net cap cost of 32,975

His additional fees are:
Acquisition fee $595
License $342
Title $25
Lien $10
Document $199
Tax $789

Residual (52%)=19,747
Money Factor=0.00024

When I enter these figures into the Edmunds.com lease calculator I come up a monthly payment of $465 (obviously not a good deal) and have been double checking my math for days in order to be ready to negotiate.

The dealer claims that all of the above-listed fees are included in his offer of a monthly payment of $435 based on the same residual % and money factor. He says all I need to pay at the time of signing is the first month's lease payment ($435). Tax, registration, everything else is included, he says. I don't even need to go down to the DMV.

I can't make his math work in the lease calculator no matter how hard I try, but in the end a $435 monthly payment is the equivalent to a net cap cost of 33,935. Even though I don't understand how he gets to that figure (and it appears to be almost $1000 higher than the figure I thought we had agreed on) his offer appears reasonable to me. But it is likely I've stared at this for too long and may be missing something, especially since I can't make his math match up with mine.

What do you think?

kyfdx

The math works perfectly for me.. If I add those fees/taxes on to the net cap cost of $32,975, I get a new CAP cost of $34,935, and a payment of $435/mo.

liljaden11

MF/RES for Durango RT 24mos/12&15K lease...thank you

jblpsyched

I appreciate your help. From your recent experience would you say that's a good deal?

Michaell

@liljaden11 said:
MF/RES for Durango RT 24mos/12&15K lease...thank you

What state is this for? We have regional numbers for Chrysler this month.

liljaden11

Sorry, NJ

liljaden11

Can you provide me the MF/res for Limited as well, 24mos 12K/15K NJ...thanks

Michaell

@liljaden11 said:
MF/RES for Durango RT 24mos/12&15K lease...thank you. NJ. Limited as well.

RT 24/15 - .00031 and 60%

Ltd 24/15 - .00017 and 59%

Add 1% for 12k

jblpsyched

Can I ask you (and your readers) to tell me if you think this is a good deal:

2014 Durango SXT AWD w/8.4" touchscreen, trailer hitch, back-up camera/parking assist, and heated front seats.

MSRP: $37,975
Agreed upon selling price: $34,475
Trade-in value on my '02 Merc Mountaineer w/139K miles: $1500
$0 other down payment

Dealer's additional fees:
Acquisition fee $595
License $342
Title $25
Lien $10
Document $199
Tax $789

Residual (52%)=$19,747
Money Factor=0.00024

First monthly payment ($435) due at signing
Monthly payment: $435

Thank you in advance for your input and opinion.

5spot

Please could you comment; I have tier1 credit but have been quoted MF of 0.00068 (52% over 36Mths @ 12k) on SXT-Rallye AWD, this seems too high? am Central CA BTW.

Michaell

@5spot said:
I have tier1 credit but have been quoted MF of 0.00068 (52% over 36Mths @ 12k) on SXT-Rallye, this seems too high? Central CA based BTW.

Nope, the SXT doesn't have any lease support from Chrysler this month, so I would expect to see a pretty high MF.

5spot

@Michaell said:
Nope, the SXT doesn't have any lease support from Chrysler this month, so I would expect to see a pretty high MF.

Thank you for the swift response Michaell...

So an SXT + Rallye + .... does not constitute an SXT Plus? I was under the impression that the SXT Plus was supported? was it last month? or at all recently?

Thank you again.

5spot

OK, now super confused because I just got quoted 0.00024 against almost exact same model/spec... for same term/mileage (36/12k)????? and this was from a dealer less than 50 miles from the first.

jblpsyched

I just completed my 36 mos./12K miles per year lease deal on a 2014 SXT AWD and ended up with a great deal so if you want any info please let me know.

Michaell

@5spot said:

Ah, I see the error of my ways. SXT+ has a base MF of .00024 this month.

bigblockc3

They were unable to find the requisite Durango on time for month's end. They expect to locate by next week. When do you think you'll have the info on residuals, money factors and all incentives for the month of August? Thanks once again for offering AMAZING service!!!

Michaell

@bigblockc3 said:
They were unable to find the requisite Durango on time for month's end. They expect to locate by next week. When do you think you'll have the info on residuals, money factors and all incentives for the month of August? Thanks once again for offering AMAZING service!!!

The Chrysler numbers expire on 8/4, so I would expect to see the new numbers sometime next week. Can't say when, exactly.

dxxtdxxt

Can I get figures for 2014 Durango Limited AWD with 3.6 liter engine for 36 months and 12,000 miles in Michigan?

Michaell

@dxxtdxxt said:
Can I get figures for 2014 Durango Limited AWD with 3.6 liter engine for 36 months and 12,000 miles in Michigan?

.00015 and 51%.

The above numbers expire today; we should hopefully get the new Chrysler numbers tomorrow.

nycstickdriver

curious what the numbers and incentives are for this month. I just picked up in NY my Durango limited awd with Nav pwr lift gate, security/convenience package and pwr sunroof with a sticker of 43,100. with agreed value of 40,344 I received incentive reduction of 3000, lease terms are 36months with 10k miles with 0 down, taxes in payments i am paying 475 monthly with 1260 dollars payed to drive it away. No buyers remorse, just curious if I would have waited for the new program would have I won or lost. Thanks

bigblockc3

Just checking back to see if Augusts numbers are available to you as of yet? Actually leasing two (2) Durangos. Can you please provide MFs & Residuals for the following scenarios? First, is for an 2014 Dodge Durango R/T AWD... Need MF & Residual for a 24 and 36 month lease both with a 10,000 mile allowance. Second is for a 2014 Dodge Durango Limited, AWD / V6... Need MF & Residual for a 24 and 36 month lease both with a '12,000' mile allowance... THANKS!

Michaell

@bigblockc3 said:
Just checking back to see if Augusts numbers are available to you as of yet? Actually leasing two (2) Durangos. Can you please provide MFs & Residuals for the following scenarios? First, is for an 2014 Dodge Durango R/T AWD... Need MF & Residual for a 24 and 36 month lease both with a 10,000 mile allowance. Second is for a 2014 Dodge Durango Limited, AWD / V6... Need MF & Residual for a 24 and 36 month lease both with a '12,000' mile allowance... THANKS!

Sorry, we are still waiting on the new numbers from Chrysler.

kyfdx

@bigblockc3 said:
Just checking back to see if Augusts numbers are available to you as of yet? Actually leasing two (2) Durangos. Can you please provide MFs & Residuals for the following scenarios? First, is for an 2014 Dodge Durango R/T AWD... Need MF & Residual for a 24 and 36 month lease both with a 10,000 mile allowance. Second is for a 2014 Dodge Durango Limited, AWD / V6... Need MF & Residual for a 24 and 36 month lease both with a '12,000' mile allowance... THANKS!

R/T AWD: .00031 MF and 62% residual, .00026 MF and 52% residual.

Limited AWD: .00017 MF and 60% residual. .00015 MF and 50% residual

bigblockc3

Can you please confirm those numbers above? The dealer advised that the Limited AWD (V6) with 12K miles p/y (36 months) has a 51% Residual and 10K for the SAME vehicle has a 52% Residual. MF appears correct... Just need to confirm all the numbers advised above... *THANKS!

kyfdx

@bigblockc3 said:
Can you please confirm those numbers above? The dealer advised that the Limited AWD (V6) with 12K miles p/y (36 months) has a 51% Residual and 10K for the SAME vehicle has a 52% Residual. MF appears correct... Just need to confirm all the numbers advised above... *THANKS!

Your dealer is correct... The Chrysler docs are in very small print, with very many rows... ;-)

bigblockc3

Okay, thanks for confirming... What about the R/T numbers? Are the MFs and Residuals correct as advised above on August 6th? Thanks!

Michaell

@bigblockc3 said:
Okay, thanks for confirming... What about the R/T numbers? Are the MFs and Residuals correct as advised above on August 6th? Thanks!

I confirm the following is accurate:

R/T AWD:

24 months/10K - .00031 MF and 62% residual,

36 months/10K - .00026 MF and 52% residual.

ceee5

Hello... I am looking for a durango with the Rallye appearance. Can I please get numbers for a SXT with Rallye appearance and a limited with Rallye appearance @ 12k miles for 36 months. Also which durango model has the best offers out now ? Out of every model ? Thanks in advanced.