2015 Dodge Challenger Lease Questions

ClairesClaires Chicago areaMember Posts: 1,222
edited May 2015 in Dodge
Welcome to Edmunds discussion dedicated to 2015 Dodge Challenger leasing questions. Here you can find and discuss all the latest lease details for the 2015 Challenger, 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 Edmunds 2015 Dodge Challenger page.

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  • captdngrcaptdngr Member Posts: 19
    Any chance we have 2015 model #'s for the Challenger R/T, SRT, and Hellcat?

    15k/yr, 24mo & 36mo, automatic, please. :)

    Much appreciated, as always!
  • kyfdxkyfdx Moderator Posts: 207,907
    captdngr said:

    Any chance we have 2015 model #'s for the Challenger R/T, SRT, and Hellcat?

    15k/yr, 24mo & 36mo, automatic, please. :)

    Much appreciated, as always!


    R/T: .00159 MF and 65% for 27 month, 15K/yr. .00173 MF and 61% residual for 36/15
    SRT: Standard MF and 66% residual for 24/15, 61% residual for 36/15

    No Hellcat numbers.

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  • bigjav8bigjav8 Member Posts: 6
    Why is the apr so high on this car? If I am doing my math right it is 4.15%. Can you also give MF & Res for 12k/YR & 36 months?
  • MichaellMichaell ColoradoModerator Posts: 206,506
    bigjav8 said:

    Why is the apr so high on this car? If I am doing my math right it is 4.15%. Can you also give MF & Res for 12k/YR & 36 months?

    Add 2% to the 36 month residuals for 12K miles per year.

    Popular car + limited availability = higher money factor.

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  • kyfdxkyfdx Moderator Posts: 207,907
    Michaell said:

    bigjav8 said:

    Why is the apr so high on this car? If I am doing my math right it is 4.15%. Can you also give MF & Res for 12k/YR & 36 months?

    Add 2% to the 36 month residuals for 12K miles per year.

    Popular car + limited availability = higher money factor.

    Plus... who wants a Challenger back at lease end, after someone has beat on it for three years?

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  • captdngrcaptdngr Member Posts: 19
    kyfdx said:

    R/T: .00159 MF and 65% for 27 month, 15K/yr. .00173 MF and 61% residual for 36/15
    SRT: Standard MF and 66% residual for 24/15, 61% residual for 36/15

    No Hellcat numbers.

    You rock, as usual. Thank you!
  • captdngrcaptdngr Member Posts: 19
    Ah, forgot to ask... What's the standard MF for these cars, btw? (re: SRT)

    Thanks again!
  • kyfdxkyfdx Moderator Posts: 207,907
    captdngr said:

    Ah, forgot to ask... What's the standard MF for these cars, btw? (re: SRT)

    Thanks again!


    Haven't seen the standard MF for awhile.... I would assume it's still around .0020

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  • stevef4stevef4 Member Posts: 25
    Whats the current lease rates for the 2015 RT challenger Scat Pack...36mo 12k lease...
    residual and mf
  • MichaellMichaell ColoradoModerator Posts: 206,506
    stevef4 said:

    Whats the current lease rates for the 2015 RT challenger Scat Pack...36mo 12k lease...
    residual and mf

    Standard MF (around .00200) and 63% for 36/12.

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  • dshaf18dshaf18 Member Posts: 8
    What is the current Residual and MF for 2015 Challenger RT for 36/12 and 24/12 also difference for 15k miles. Thanks!
  • kyfdxkyfdx Moderator Posts: 207,907
    dshaf18 said:

    What is the current Residual and MF for 2015 Challenger RT for 36/12 and 24/12 also difference for 15k miles. Thanks!


    .00173 MF and 63%/67% residual. 61%/66% for 15K/yr

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  • jacksoncm3jacksoncm3 Member Posts: 10
    What is the money factor and residual on a 2015 Challenger RT Scat Pack 36/10k and 48/10k. Thanks
  • kyfdxkyfdx Moderator Posts: 207,907

    What is the money factor and residual on a 2015 Challenger RT Scat Pack 36/10k and 48/10k. Thanks


    Standard money factor (around .0018-.0020) and 64% residual for 36mo., 10K/yr

    61% residual for 42/10... 48 month leases aren't supported

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  • pontiacrickpontiacrick Member Posts: 26
    Does anyone know the money factor and residual for 2015 challenger SXT Plus?
  • kyfdxkyfdx Moderator Posts: 207,907

    Does anyone know the money factor and residual for 2015 challenger SXT Plus?


    .00188 MF and 56% residual for 36 mo, 15K/yr

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  • edamonedamon Member Posts: 22
    Anyone have the jan program? whats the MF and residual for an R/T (SCAT) and SRT (not hellcat). looking for 36 mo / 10K miles a year.

    thanks!
  • MichaellMichaell ColoradoModerator Posts: 206,506
    edamon said:

    Anyone have the jan program? whats the MF and residual for an R/T (SCAT) and SRT (not hellcat). looking for 36 mo / 10K miles a year.

    thanks!

    The current Chrysler Finance numbers we have are good until Monday, 1/5/15.

    R/T Scat Pack - standard MF and 64%

    SRT - standard MF and 61%

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  • lquestionslquestions Member Posts: 16
    Can I get a residual and MF for 2015 Challenger SXT 36/12000 in Los Angeles, CA. Thanks
  • kyfdxkyfdx Moderator Posts: 207,907

    Can I get a residual and MF for 2015 Challenger SXT 36/12000 in Los Angeles, CA. Thanks


    .00104 MF and 58% residual

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  • t3_rotaryt3_rotary Sarasota FloridaMember Posts: 15
    Looking at leasing a Scat Pack for 36, 42, or 48 months @ 10K. Any idea what the MF and RV are? One of my local Dodge dealerships said the best they can offer is .003125... which sounds absurd.
  • kyfdxkyfdx Moderator Posts: 207,907
    t3_rotary said:

    Looking at leasing a Scat Pack for 36, 42, or 48 months @ 10K. Any idea what the MF and RV are? One of my local Dodge dealerships said the best they can offer is .003125... which sounds absurd.

    Standard money factor and 66%/62% for 36/42 months, 10K/yr.

    The standard money factor should be around .0020, if using Chrysler Capital... with a maximum markup of .00042. With that money factor, they are probably using a different bank. Either way, they aren't real interested in saving you any money..

    Deals on hot cars tend to go that way...

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  • stevef4stevef4 Member Posts: 25
    I will receive my factory ordered RT SCAT Pack later this month. What are the current Feb lease numbers for
    northern california 36/12k and 36/15k mf/resid. Thanks
  • MichaellMichaell ColoradoModerator Posts: 206,506
    stevef4 said:

    I will receive my factory ordered RT SCAT Pack later this month. What are the current Feb lease numbers for
    northern california 36/12k and 36/15k mf/resid. Thanks

    Standard MF (around .00200) and 63% for 36/15. Add 2% for 12k

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  • stevef4stevef4 Member Posts: 25
    Michaell said:

    stevef4 said:

    I will receive my factory ordered RT SCAT Pack later this month. What are the current Feb lease numbers for
    northern california 36/12k and 36/15k mf/resid. Thanks

    Standard MF (around .00200) and 63% for 36/15. Add 2% for 12k
    Wow that is very high residual 65% for 36/12 lease. The interest rate not the greatest
    Chrysler financial arm must be giving this vehicle support. Ive leased alot of Acuras with nothing
    close to that residual
  • cody226cody226 Member Posts: 7
    Hi, 

    What is the money factor and residual for the srt 392 and hellcat? I'm trying to calculate a potential payment and just need the numbers for 36/15k and 48/15k.

    Thanks!!
  • MichaellMichaell ColoradoModerator Posts: 206,506
    cody226 said:

    Hi, 

    What is the money factor and residual for the srt 392 and hellcat? I'm trying to calculate a potential payment and just need the numbers for 36/15k and 48/15k.

    Thanks!!

    No numbers for March yet, but if history is any indication, the MF for both will be around .00200.

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  • stevef4stevef4 Member Posts: 25
    Any March 2015 Rt SCAT PACK lease numbers available northern california 36/12k and 36/15k mf/resid
    My delivery was delayed to next week
  • MichaellMichaell ColoradoModerator Posts: 206,506
    stevef4 said:

    Any March 2015 Rt SCAT PACK lease numbers available northern california 36/12k and 36/15k mf/resid
    My delivery was delayed to next week

    Standard MF (.00200 or so) and 65% for 36/15. Add 2% for 12K.

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  • straman17straman17 Member Posts: 62
    Is there any lease info for the 2014 R/T 100th anniversary edition 36/15K?
  • kyfdxkyfdx Moderator Posts: 207,907
    straman17 said:

    Is there any lease info for the 2014 R/T 100th anniversary edition 36/15K?

    Asked and answered:

    http://forums.edmunds.com/discussion/comment/5075293/#Comment_5075293

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  • straman17straman17 Member Posts: 62
    Sorry about that I thought I asked but then I didn't see it. Thanks.
  • straman17straman17 Member Posts: 62
    Sorry I am looking at a Challenger as well it is '14 R/T 100th anniversary edition. 36/12/15K
  • kyfdxkyfdx Moderator Posts: 207,907
    straman17 said:

    Sorry I am looking at a Challenger as well it is '14 R/T 100th anniversary edition. 36/12/15K

    My bad..

    Standard money factor and 50% residual.

    Don't have the exact number for Chrysler Capital's standard money factor, but it's likely .0018-.0020 range

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  • bnguyen1991bnguyen1991 Member Posts: 22
    SXT Plus
    58% - 15k
    60% - 12k
    61% - 10k

    MF - .00140
  • MichaellMichaell ColoradoModerator Posts: 206,506

    SXT Plus
    58% - 15k
    60% - 12k
    61% - 10k

    MF - .00140

    Are you asking for confirmation or telling us what you learned?

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  • cody226cody226 Member Posts: 7
    Michaell said:

    cody226 said:

    Hi, 

    What is the money factor and residual for the srt 392 and hellcat? I'm trying to calculate a potential payment and just need the numbers for 36/15k and 48/15k.

    Thanks!!

    No numbers for March yet, but if history is any indication, the MF for both will be around .00200.
    Any new numbers for these trim levels? Thanks!
  • MichaellMichaell ColoradoModerator Posts: 206,506
    cody226 said:
    Hi, 

    What is the money factor and residual for the srt 392 and hellcat? I'm trying to calculate a potential payment and just need the numbers for 36/15k and 48/15k.

    Thanks!!
    No numbers for March yet, but if history is any indication, the MF for both will be around .00200.
    Any new numbers for these trim levels? Thanks!

    cody226 said:
    Hi, 

    What is the money factor and residual for the srt 392 and hellcat? I'm trying to calculate a potential payment and just need the numbers for 36/15k and 48/15k.

    Thanks!!
    No numbers for March yet, but if history is any indication, the MF for both will be around .00200.
    Any new numbers for these trim levels? Thanks!
    Still the standard MF for both - around .00180 or so. No residuals. 

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  • lquestionslquestions Member Posts: 16
    Can I get a residual and MF for 2015 Challenger SXT 36/12000 in Los Angeles, CA. Thanks. Do you guys know when is the best time to lease the challenger? I am probably gonna lease this summer and I was wondering if there would be any specials for 4th of July.
  • kyfdxkyfdx Moderator Posts: 207,907

    Can I get a residual and MF for 2015 Challenger SXT 36/12000 in Los Angeles, CA. Thanks. Do you guys know when is the best time to lease the challenger? I am probably gonna lease this summer and I was wondering if there would be any specials for 4th of July.

    .00140 MF and 60% residual.

    No insight on the best time to lease..

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  • bigmixxbigmixx Member Posts: 10
    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks
  • kyfdxkyfdx Moderator Posts: 207,907
    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.

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  • bigmixxbigmixx Member Posts: 10
    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
  • MichaellMichaell ColoradoModerator Posts: 206,506
    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.

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  • bigmixxbigmixx Member Posts: 10
    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
  • MichaellMichaell ColoradoModerator Posts: 206,506
    bigmixx said:

    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
    The remainder of the trade equity is probably being used to cover the upfont costs like the acquisition fee.

    You'd have to ask the dealer why they get $759 ... I use a home-built lease calculator and plugged in the relevant numbers. I suspect the net cap cost is different from what I am using. You'll need to find out why that is.

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  • MichaellMichaell ColoradoModerator Posts: 206,506
    bigmixx said:

    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
    The remainder of the trade equity is probably being used to cover the upfont costs like the acquisition fee.

    You'd have to ask the dealer why they get $759 ... I use a home-built lease calculator and plugged in the relevant numbers.

    I suspect the net cap cost is different from what I am using. You'll need to find out why that is.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bigmixxbigmixx Member Posts: 10
    Michaell said:

    bigmixx said:

    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
    The remainder of the trade equity is probably being used to cover the upfont costs like the acquisition fee.

    You'd have to ask the dealer why they get $759 ... I use a home-built lease calculator and plugged in the relevant numbers. I suspect the net cap cost is different from what I am using. You'll need to find out why that is.
    Simply showing me $5000 but not actually giving me that much. Gotcha. Thank you so much. You've been very helpful. Seems like the dealer is a little shady and not being completely honest about what I'm paying for.
  • MichaellMichaell ColoradoModerator Posts: 206,506
    bigmixx said:

    Michaell said:

    bigmixx said:

    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
    The remainder of the trade equity is probably being used to cover the upfont costs like the acquisition fee.

    You'd have to ask the dealer why they get $759 ... I use a home-built lease calculator and plugged in the relevant numbers. I suspect the net cap cost is different from what I am using. You'll need to find out why that is.
    Simply showing me $5000 but not actually giving me that much. Gotcha. Thank you so much. You've been very helpful. Seems like the dealer is a little shady and not being completely honest about what I'm paying for.
    Ask them to show you their math. If you continue to feel that the dealer isn't being open, reach out to another dealer. It only takes one to make a deal - and the competition should help you get a better deal.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bigmixxbigmixx Member Posts: 10
    Michaell said:

    bigmixx said:

    Michaell said:

    bigmixx said:

    Michaell said:

    bigmixx said:

    kyfdx said:

    bigmixx said:

    Need help. I'm looking to lease a 2015 Challenger SRT. 36/15000 in Atlanta, GA. What should the MF and residual be?

    I sat down with 2 dealers today and the monthly payment they quoted was much higher than I thought it should be. Here is what I was quoted:

    MSRP: $50,375
    Dealer rebate: $1000
    Sell Price: $49,375
    Trade: $5000
    ETR service fee: $160
    Security Deposit: $775
    Advanced Payments: $759.32

    Monthly Payment: $759.00

    What am I missing? Good deal or turn and run? Thanks

    Standard MF and 60% residual.

    You are paying MSRP for the car? Does an SRT bring sticker price?

    Also, GA sales tax is on the full purchase price of the vehicle.
    I'm sorry, I gave you incorrect information. The quote above was for a 36/12000 lease.

    In checking with multiple local dealers, the SRT's are selling very near MSRP. As you see, this particular dealer is only offering 1000 off MSRP. Invoice on the car was $48,800. Give or take a few. My deal is with trading in my car which is paid for. My credit score is over 800 so I couldn't figure out why my payment is so high.

    I also emailed the salesman after I left and asked for the MF. I just checked my email and he gave me .00266 with a residual amount of $31,232.50. The total cap reduction is $3465.68.

    Based on the numbers is that monthly payment accurate? What am I missing? I appreciate your help with this.

    Thanks
    Let's walk through the math:

    MSRP - $50,375
    Negotiated Price - $49,375
    Less $3466 trade credit - $45,909
    6.25% "ad valorem" tax in GA on entire purchase price - $2869
    Net Cap cost - $48,778
    MF - .00266
    36/12 residual - 62%

    Plugging those numbers into my lease calculator gives a monthly payment of $700.20.
    Ok, now I'm really confused. You say trade credit is $3466 but they told me they're giving me $5000 for my trade. If you're coming up with $700 how are they giving me $759?
    The remainder of the trade equity is probably being used to cover the upfont costs like the acquisition fee.

    You'd have to ask the dealer why they get $759 ... I use a home-built lease calculator and plugged in the relevant numbers. I suspect the net cap cost is different from what I am using. You'll need to find out why that is.
    Simply showing me $5000 but not actually giving me that much. Gotcha. Thank you so much. You've been very helpful. Seems like the dealer is a little shady and not being completely honest about what I'm paying for.
    Ask them to show you their math. If you continue to feel that the dealer isn't being open, reach out to another dealer. It only takes one to make a deal - and the competition should help you get a better deal.
    I think I'll move on from this dealer. Just seems like they're hiding 3-4 grand somewhere in the deal.
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