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2016 Dodge Challenger Lease Questions

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Comments

  • antnyv17antnyv17 Posts: 12
    Looking for lease info for 2016 challenger R/T 36 month 20k miles msrp 40k., discounted to 32k
  • antnyv17antnyv17 Posts: 12
    forgot to mention this is for right outside philadelphia pa
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    antnyv17 said:

    Looking for lease info for 2016 challenger R/T 36 month 20k miles msrp 40k., discounted to 32k

    .00046 MF and 56% residual for 36/15.

    You'll have to check with a dealer, to see how much the residual is reduced for the extra 15K miles.

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

    Edmunds Moderator

  • antnyv17antnyv17 Posts: 12
    thank you, I am going to the dealer today or tomorrow to see what numbers they give me
  • antnyv17antnyv17 Posts: 12
    I received a quote of 532 a month for 39 month lease 20k miles a year. going off the info you gave me i should be under the 400$ a month mark.. waiting to hear back on a list of what makes up the 532 a month
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    antnyv17 said:

    I received a quote of 532 a month for 39 month lease 20k miles a year. going off the info you gave me i should be under the 400$ a month mark.. waiting to hear back on a list of what makes up the 532 a month

    If you are getting $8000 off, that might include incentives that aren't applicable to a lease. Or, they might be going through a 3rd party bank, which gives them a bigger rebate to work with.

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

    Edmunds Moderator

  • antnyv17antnyv17 Posts: 12
    This is their expansion of 532$ a month. I have to tell them I was quoted at 32,650$ for the car. But other than that not sure this is a good deal

    MSRP $40,475
    Sale price $37,156
    Lease rebates $3,500

    Lease tax 11% (Philadelphia 8% plus 3% lease tax) $2,972.48
    New tags, doc fee, registration $300.15
    Chrysler Capital money factor 0.00118
    Residual 53%

    Lease for 39 months/20,000 miles per year
    $0 Down, payments are $532

    36 months is not showing as an option for 20,000 miles per year.
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    antnyv17 said:

    This is their expansion of 532$ a month. I have to tell them I was quoted at 32,650$ for the car. But other than that not sure this is a good deal

    MSRP $40,475
    Sale price $37,156
    Lease rebates $3,500

    Lease tax 11% (Philadelphia 8% plus 3% lease tax) $2,972.48
    New tags, doc fee, registration $300.15
    Chrysler Capital money factor 0.00118
    Residual 53%

    Lease for 39 months/20,000 miles per year
    $0 Down, payments are $532

    36 months is not showing as an option for 20,000 miles per year.

    So, it's an R/T Plus? The numbers are different from the R/T
    I show that model as .00118 MF and 53% residual for 39/15.
    Seems like the residual would have to be reduced to account for the extra mileage over 15K/yr.
    Don't know the actual reduction, but at $0.15 per mile, that would be an extra $2250 residual reduction.

    The only upfront tax in PA would be on the rebates. The rest of it is applied against the payment, monthly.
    So, you'd have $385 tax added to the CAP cost, then 11% on each monthly payment.

    $33656 selling price minus rebates
    $385 tax on rebate
    $300 fees
    $34341 adjusted CAP cost.
    Adjusted the residual down to 47.4% to account for the extra mileage (60K vs. 45K miles). Don't know if that's correct, but it's a good estimate. ($0.15/mi. residual reduction).
    That gives me a payment of $484/mo.+ 11% tax = $537/mo.

    I did a lot of estimating (guessing?), but that's pretty close. The R/T Plus lease program isn't as good as the R/T.

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

    Edmunds Moderator

  • antnyv17antnyv17 Posts: 12
    so those numbers are pretty much exact what she gave me, what would it be if I did a standard 39\15 lease term? am I getting in the ball park of mid 400's a month?
  • MichaellMichaell ColoradoPosts: 113,894
    antnyv17 said:

    so those numbers are pretty much exact what she gave me, what would it be if I did a standard 39\15 lease term? am I getting in the ball park of mid 400's a month?

    The $2250 of residual reduction that you won't have works out to $55-60/mo, before tax.

    $484 - $58 = $426 * 11% = $473/mo.

    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

  • antnyv17antnyv17 Posts: 12
    does this sound like a good deal for the car? 0 money down. should I make sure there is no hidden fees that I could possibly get waived.
  • MichaellMichaell ColoradoPosts: 113,894
    antnyv17 said:

    does this sound like a good deal for the car? 0 money down. should I make sure there is no hidden fees that I could possibly get waived.

    We don't track selling prices; use the "make / model / year" pull downs at the top of the page to link to the price tools.

    If the lease is a true 'sign and drive' - nothing due at signing - then it looks pretty good.

    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

  • antnyv17antnyv17 Posts: 12
    what would be the lease info on a 2016 challenger R\T shaker

    and a 2017 R\T Plus the cars are for sale in NJ but I live in PA
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    antnyv17 said:

    what would be the lease info on a 2016 challenger R\T shaker

    and a 2017 R\T Plus the cars are for sale in NJ but I live in PA

    2016 R/T Shaker: .00046 MF and 52% residual for 36/15
    2017 R/T Plus: .00054 MF and 58% residual for 36/15

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

    Edmunds Moderator

  • Would love to see the 2016 RT Scat pack numbers 

    24/12
    36/12

    Thank you!
  • MichaellMichaell ColoradoPosts: 113,894

    Would love to see the 2016 RT Scat pack numbers 

    24/12
    36/12

    Thank you!

    .00186 and 66%
    .00183 and 60%

    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

  • Thank you!

    Are there numbers for a 24/12k 2016 Challenger Hellcat?
  • MichaellMichaell ColoradoPosts: 113,894

    Thank you!

    Are there numbers for a 24/12k 2016 Challenger Hellcat?

    .00001 and 70%

    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

  • wannahcwannahc Posts: 16
    Michael, are the numbers the same for a 17 Hellcat? 
    Tier 2
    36/12,000
    95758 zip
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    wannahc said:

    Michael, are the numbers the same for a 17 Hellcat? 
    Tier 2
    36/12,000
    95758 zip

    2017 discussion is here:
    https://forums.edmunds.com/discussion/43173/dodge/challenger/2017-dodge-challenger-lease-questions#latest

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

    Edmunds Moderator

  • tinline6tinline6 Posts: 36
    Hello,

    Can you let me know what the MF and residual are for an auto 2016 SRT & Hellcat when the May numbers arrive? 24/12 and 36/12.

    Thank you!
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    tinline6 said:

    Hello,

    Can you let me know what the MF and residual are for an auto 2016 SRT & Hellcat when the May numbers arrive? 24/12 and 36/12.

    Thank you!

    SRT392:
    .00008 MF and 65% residual
    .00011 MF and 59% residual
    Hellcat:
    .00001 MF and 68% residual
    .00007 MF and 62% residual

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

    Edmunds Moderator

  • wannahcwannahc Posts: 16

    kyfdx said:

    Hello,

    Can you let me know what the MF and residual are for an auto 2016 SRT & Hellcat when the May numbers arrive? 24/12 and 36/12.

    Thank you!


    SRT392:
    .00008 MF and 65% residual
    .00011 MF and 59% residual
    Hellcat:
    .00001 MF and 68% residual
    .00007 MF and 62% residual


    Is there a difference in numbers between auto and manual?
  • wannahcwannahc Posts: 16

    Michaell said:

    Hello, looking for MF and Residual for a 16 Hellcat msrp 65985..selling price $59485. I was told I was in Chrysler Tier 2 and they also require a $700 security deposit. Lease term is 36/12000. Zip code is 95758. I'm also eligible for a $1000 rebate because I own a Ford. Thanks for any information.


    .00007 and 63%; add .00021 for tier 2.

    No information on incentives.

    With your prices, and the tier 2 MF, I get a payment of $526/mo before tax.


    Is the MF and residual still the same as these for may? Including tier 2..36/12k
  • MichaellMichaell ColoradoPosts: 113,894
    wannahc said:



    Michaell said:


    wannahc said:

    Hello, looking for MF and Residual for a 16 Hellcat msrp 65985..selling price $59485. I was told I was in Chrysler Tier 2 and they also require a $700 security deposit. Lease term is 36/12000. Zip code is 95758. I'm also eligible for a $1000 rebate because I own a Ford. Thanks for any information.



    .00007 and 63%; add .00021 for tier 2.



    No information on incentives.



    With your prices, and the tier 2 MF, I get a payment of $526/mo before tax.


    Is the MF and residual still the same as these for may? Including tier 2..36/12k

    .00007 and 62% for 36/12 in May

    Add .00021 for tier 2

    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

  • ghva226ghva226 Posts: 4
    Hi guys,
    Can I please get the MF and residual for a 2016 Hellcat?
    Zip: 07932
    Mileage: 10k /year
    Duration: 36 months
    Thank you so much.
    All the best
    Gus
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    ghva226 said:

    Hi guys,
    Can I please get the MF and residual for a 2016 Hellcat?
    Zip: 07932
    Mileage: 10k /year
    Duration: 36 months
    Thank you so much.
    All the best
    Gus

    .00007 MF and 63% residual

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

    Edmunds Moderator

  • cnote2cnote2 Posts: 133
    Hellcat 36m 12k numbers for June?
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    cnote2 said:

    Hellcat 36m 12k numbers for June?

    Standard MF and 52% residual

    Looks like lease support might be gone for the 2016 models.

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

    Edmunds Moderator

  • buyorleasechalbuyorleasechal Posts: 2
    edited July 2017
    Any help that can be provided on a 2016 SRT 392 on a 36/12 for MF and RV? Zip code is 65714, if that makes a difference. I wasn't sure if they are still doing lease offers base on previous comments. Found one that is still selling New and I'm looking to strike a deal, if possible.
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