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2016 Dodge Charger Lease Questions

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Comments

  • haoranchenhaoranchen Posts: 5
    edited May 2016
    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!
  • haoranchenhaoranchen Posts: 5
    edited May 2016

    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!

    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
  • MichaellMichaell ColoradoPosts: 111,243

    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!

    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
    1. .00006 and 56%
    2. Often, customer rebates are for purchase only. Not sure if the two you mention can be combined. Negotiate your best price first, then apply the incentives.
    3. We need to know the adjusted cap cost to calculate a payment.

    Be advised that in TX sales tax is calculated against the entire selling price, so that $318/mo quote will be much higher if you do not pay the tax up front and add it into the lease.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • haoranchenhaoranchen Posts: 5
    Michaell said:
    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!
    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
    1. .00006 and 56% 2. Often, customer rebates are for purchase only. Not sure if the two you mention can be combined. Negotiate your best price first, then apply the incentives. 3. We need to know the adjusted cap cost to calculate a payment. Be advised that in TX sales tax is calculated against the entire selling price, so that $318/mo quote will be much higher if you do not pay the tax up front and add it into the lease.
    Thanks a lot! For now the cap cost is $30580. And do you mean I need to pay tax every month with my monthly payment instead of one tijme payment after three year lease contract? May I ask what do you mean pay the tax upfront? Thank you so much!
  • MichaellMichaell ColoradoPosts: 111,243
    Michaell said:
    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!
    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
    1. .00006 and 56% 2. Often, customer rebates are for purchase only. Not sure if the two you mention can be combined. Negotiate your best price first, then apply the incentives. 3. We need to know the adjusted cap cost to calculate a payment. Be advised that in TX sales tax is calculated against the entire selling price, so that $318/mo quote will be much higher if you do not pay the tax up front and add it into the lease.
    Thanks a lot! For now the cap cost is $30580. And do you mean I need to pay tax every month with my monthly payment instead of one tijme payment after three year lease contract? May I ask what do you mean pay the tax upfront? Thank you so much!
    Texas applies sales tax to the whole price - you can pay the entire amount up front or add it to the selling price and pay it each month. 

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • haoranchenhaoranchen Posts: 5
    Michaell said:




    Michaell said:

    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!

    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
    1. .00006 and 56%
    2. Often, customer rebates are for purchase only. Not sure if the two you mention can be combined. Negotiate your best price first, then apply the incentives.
    3. We need to know the adjusted cap cost to calculate a payment.

    Be advised that in TX sales tax is calculated against the entire selling price, so that $318/mo quote will be much higher if you do not pay the tax up front and add it into the lease.

    Thanks a lot! For now the cap cost is $30580. And do you mean I need to pay tax every month with my monthly payment instead of one tijme payment after three year lease contract? May I ask what do you mean pay the tax upfront? Thank you so much!

    Texas applies sales tax to the whole price - you can pay the entire amount up front or add it to the selling price and pay it each month. 

    I see. Thanks a lot! If the MSVP is $33780, price is $29075, MR is .00006 and RV is 56%. Could you please help me calculate pre-tax monthly payment with 0 downpayment?

    Thank you so much1
  • MichaellMichaell ColoradoPosts: 111,243

    Michaell said:




    Michaell said:

    Hi! I have three questions. 1. I live in TX and I'm looking for a lease for 2016 SXT RWD. May I ask MF and RV for 36mo/12k? 2. I've decided a particular car with rallye and navigation package has MSVP $33780. Dealers in Houston provide $3000 customer rebate and some of them provide $2500 dealer rebate (I don't know if it's for purchase or lease). Can I use both rebate for lease or only customer rebate? Do I need to use it before the price is settled with dealer or after? 3. Based on MF, RV, 8.25 tax, and rebate I can use, could you please help me calculate monthly payment without down payment? Thanks a lot!

    A dealer provide me a quote that $1000 down payment and $318 pre-tax monthly payment for that particular car. Is it good enough or I can still lower the price?
    1. .00006 and 56%
    2. Often, customer rebates are for purchase only. Not sure if the two you mention can be combined. Negotiate your best price first, then apply the incentives.
    3. We need to know the adjusted cap cost to calculate a payment.

    Be advised that in TX sales tax is calculated against the entire selling price, so that $318/mo quote will be much higher if you do not pay the tax up front and add it into the lease.

    Thanks a lot! For now the cap cost is $30580. And do you mean I need to pay tax every month with my monthly payment instead of one tijme payment after three year lease contract? May I ask what do you mean pay the tax upfront? Thank you so much!

    Texas applies sales tax to the whole price - you can pay the entire amount up front or add it to the selling price and pay it each month. 

    I see. Thanks a lot! If the MSVP is $33780, price is $29075, MR is .00006 and RV is 56%. Could you please help me calculate pre-tax monthly payment with 0 downpayment?

    Thank you so much1

    $285/mo, assuming all taxes and fees are paid up front.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • seanclau1seanclau1 Posts: 9
    Can you give me the May residual and MF for Utah
  • seanclau1seanclau1 Posts: 9
    On scat pack at 36 and 48 mnths with 12k mileage
  • kyfdxkyfdx Posts: 120,546
    seanclau1 said:

    Can you give me the May residual and MF for Utah

    seanclau1 said:

    On scat pack at 36 and 48 mnths with 12k mileage

    Standard MF and 64%/55% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lulug16lulug16 Posts: 18
    Hi I'm looking for the MF and Residual value on a 2016 Dodge Charger SXT RWD and R/T 15,000 a year and 36 months Crown Point Indiana area. Thanks!
  • kyfdxkyfdx Posts: 120,546
    lulug16 said:

    Hi I'm looking for the MF and Residual value on a 2016 Dodge Charger SXT RWD and R/T 15,000 a year and 36 months Crown Point Indiana area. Thanks!

    SXT: .00006 MF and 54% residual
    R/T: .00042 MF and 58% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • gpapz125gpapz125 Posts: 34
    edited May 2016

    How does that look? Trying to work a deal out with this dealership. Also, with those numbers, what would be the monthly payment if the MSRP of the vehicle is $37,880? They're selling the vehicle to me 1% under invoice, and I'm not sure what that comes out to.
  • MichaellMichaell ColoradoPosts: 111,243
    gpapz125 said:


    How does that look? Trying to work a deal out with this dealership. Also, with those numbers, what would be the monthly payment if the MSRP of the vehicle is $37,880? They're selling the vehicle to me 1% under invoice, and I'm not sure what that comes out to.

    I agree with the math, as listed.

    If the MSRP is lower, wouldn't the selling price be lower as well?

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    Michaell said:
    How does that look? Trying to work a deal out with this dealership. Also, with those numbers, what would be the monthly payment if the MSRP of the vehicle is $37,880? They're selling the vehicle to me 1% under invoice, and I'm not sure what that comes out to.
    I agree with the math, as listed. If the MSRP is lower, wouldn't the selling price be lower as well?
    Yes. I'm applying the same math as it shows. But starting price at 37,880 instead of 40,165
  • martiimcflymartiimcfly Posts: 25
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
  • martiimcflymartiimcfly Posts: 25
    Sorry forgot to add: 36months 10k and 36months 12k
  • kyfdxkyfdx Posts: 120,546

    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?

    Sorry forgot to add: 36months 10k and 36months 12k

    .00042 MF and 61%/60% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • martiimcflymartiimcfly Posts: 25
    kyfdx said:
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
    Sorry forgot to add: 36months 10k and 36months 12k
    .00042 MF and 61%/60% residual
    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 
  • martiimcflymartiimcfly Posts: 25
    kyfdx said:
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
    Sorry forgot to add: 36months 10k and 36months 12k
    .00042 MF and 61%/60% residual
    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 
    Also if I walk into a dealer and give them my calculations with the MF numbers and residual %. What would I say if they ask me where I got the MF and residual numbers from? 
  • MichaellMichaell ColoradoPosts: 111,243


    kyfdx said:

    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?

    Sorry forgot to add: 36months 10k and 36months 12k

    .00042 MF and 61%/60% residual

    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 

    We don't have any incentive information for Dodge.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 111,243




    kyfdx said:

    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?

    Sorry forgot to add: 36months 10k and 36months 12k

    .00042 MF and 61%/60% residual

    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 

    Also if I walk into a dealer and give them my calculations with the MF numbers and residual %. What would I say if they ask me where I got the MF and residual numbers from? 

    Let the dealer show you their calculations first; if they don't match yours, suggest that they use the base MF and see what they say. You don't have to reveal your sources - they know what the base rate is.

    Residual is set by the bank and is not negotiable.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • martiimcflymartiimcfly Posts: 25
    Michaell said:
    kyfdx said:
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
    Sorry forgot to add: 36months 10k and 36months 12k
    .00042 MF and 61%/60% residual
    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 
    Also if I walk into a dealer and give them my calculations with the MF numbers and residual %. What would I say if they ask me where I got the MF and residual numbers from? 
    Let the dealer show you their calculations first; if they don't match yours, suggest that they use the base MF and see what they say. You don't have to reveal your sources - they know what the base rate is. Residual is set by the bank and is not negotiable.
    Woo! Awesome to know. Thanks guys.
    Also, just to make sure what cap cost is? This car is up for 33,850 and on a website for 33,115. The 33,115 is the invoice, correct? And the cap cost?
  • MichaellMichaell ColoradoPosts: 111,243
    Michaell said:
    kyfdx said:
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
    Sorry forgot to add: 36months 10k and 36months 12k
    .00042 MF and 61%/60% residual
    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 
    Also if I walk into a dealer and give them my calculations with the MF numbers and residual %. What would I say if they ask me where I got the MF and residual numbers from? 
    Let the dealer show you their calculations first; if they don't match yours, suggest that they use the base MF and see what they say. You don't have to reveal your sources - they know what the base rate is. Residual is set by the bank and is not negotiable.
    Woo! Awesome to know. Thanks guys.
    Also, just to make sure what cap cost is? This car is up for 33,850 and on a website for 33,115. The 33,115 is the invoice, correct? And the cap cost?
     Any advertised price may include incentives that are not compatible with the lease.  The capitalized cost will be the selling price plus any taxes and fees you choose to roll into the lease 

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • martiimcflymartiimcfly Posts: 25
    Michaell said:
    kyfdx said:
    Just visited Dodge dealer today with the whole Memorial Day event. They gave me tester numbers first and then got into the real numbers but was wondering what the updated numbers are for a
    2016 Charger r/t with black top, nav, rear view, remote start in Southern California 91324?
    Sorry forgot to add: 36months 10k and 36months 12k
    .00042 MF and 61%/60% residual
    Great! Quick question, do rebates count on leases? Seems like the r/t's have a $2k rebate right now? 
    Also if I walk into a dealer and give them my calculations with the MF numbers and residual %. What would I say if they ask me where I got the MF and residual numbers from? 
    Let the dealer show you their calculations first; if they don't match yours, suggest that they use the base MF and see what they say. You don't have to reveal your sources - they know what the base rate is. Residual is set by the bank and is not negotiable.
    Woo! Awesome to know. Thanks guys. These fellows made it seem like such a great offer but after making my calculations I found that it wasn't as great as they made it seem even though I walked out bc I thought "hm I think I could do better than this. I want a price in comfortable with". Thanks guys. 
  • gpapz125gpapz125 Posts: 34
    June numbers for 2016 RT and SXT? For 10k and 12k in NY. Thanks! 
  • MichaellMichaell ColoradoPosts: 111,243
    gpapz125 said:

    June numbers for 2016 RT and SXT? For 10k and 12k in NY. Thanks! 

    36/12 numbers:
    RT - .00144 and 64%
    SXT - .00121 and 60%

    Add 1% for 10K

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    Michaell said:
    June numbers for 2016 RT and SXT? For 10k and 12k in NY. Thanks! 
    36/12 numbers: RT - .00144 and 64% SXT - .00121 and 60% Add 1% for 10K
    Are these numbers better than last month? Residuals are higher but higher money factor as well. 
  • MichaellMichaell ColoradoPosts: 111,243
    gpapz125 said:


    Michaell said:

    gpapz125 said:

    June numbers for 2016 RT and SXT? For 10k and 12k in NY. Thanks! 

    36/12 numbers:
    RT - .00144 and 64%
    SXT - .00121 and 60%

    Add 1% for 10K

    Are these numbers better than last month? Residuals are higher but higher money factor as well. 

    We don't keep track, but the MF and residual tend to move in the same direction when they do change; keeps the overall lease payment about the same.

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello guys. Hope everyone enjoyed their month of May. Looking for updated numbers for the charger rt 12k miles 36months?
    also, I'm not sure if this is the correct place but would you happen to have numbers for the camaro 1ss as well? 
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