2015 Dodge Challenger Lease Questions

Claires

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.

captdngr

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!

kyfdx

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.

bigjav8

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?

Michaell

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.

kyfdx

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?

captdngr

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!

captdngr

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

Thanks again!

kyfdx

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

stevef4

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

Michaell

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.

dshaf18

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

kyfdx

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

jacksoncm3

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

kyfdx

jacksoncm3 said:

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

pontiacrick

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

kyfdx

pontiacrick said:

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

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

edamon

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!

Michaell

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%

lquestions

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

kyfdx

lquestions said:

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

.00104 MF and 58% residual

t3_rotary

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.

kyfdx

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...

stevef4

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

Michaell

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

stevef4

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

cody226

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!!

Michaell

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.

stevef4

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

Michaell

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.

straman17

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

kyfdx

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

straman17

Sorry about that I thought I asked but then I didn't see it. Thanks.

straman17

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

kyfdx

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

bnguyen1991

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

MF - .00140

Michaell

bnguyen1991 said:

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

MF - .00140

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

cody226

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!

Michaell

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. 

lquestions

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.

kyfdx

lquestions said:

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..

bigmixx

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

kyfdx

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.

bigmixx

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

Michaell

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.

bigmixx

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?

Michaell

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.

Michaell

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.

bigmixx

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.

Michaell

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.

bigmixx

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.