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Chrysler 300 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey andre1. If you are still interested, here's the info that you're looking for. If you were to lease a 2006 Chrysler 300C 2WD through Chrysler Financial right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00281 and 59%, respectively. The numbers for an otherwise identical 36 month lease should be .00251 and 54%. If you were to lease this car with only 12,000 miles per year, its residual values would be 1% higher for the 24 month term and 2% higher for the 36 month term. DaimlerChrysler replaced the $1,000 Chrysler Financial bonus that was available on this car in June with the ability to purchase it at its employee purchase price, which essentially amounts to invoice minus dealer holdback.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi minarets1. I completely agree with qbrozen. 63 months is way too long to lease a vehicle for and $5,000 is way too much money to put down on a lease. Ideally you would lease this car for 36 to 39 months and not make any capitalized cost reduction.

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  • andre1andre1 Posts: 85
    Car_Man,
    You stated that the money factor on a 2006 300C SRT8 is .00251. What is the residual for 36 months for 12k and 15K miles per year on this vehicle? Thanks again!
  • baymanbayman Posts: 5
    I know some of the imports like Audi do leases for their CPO cars. Does Chrysler do this for CPO 300? Does anyone offer leases on used Chryslers.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi andre1. Yes, that is the correct money factor for this car. Chrysler Financial's current 36 month, 15,000 mile per year residual value for the 2006 300C 2WD is 54%. The 12,000 miles per year residual for an otherwise identical lease would be 56%.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bayman. While a number of other luxury automakers, like BMW, Mercedes, and Audi, have lease programs on CPO vehicles I do not recall ever seeing a special lease program for CPO Chryslers. If you want to lease a used one, you probably would have to do so through an independent bank.

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  • baymanbayman Posts: 5
    CarMan
    Thanks for the used info. I am looking at new one instead. What are the residual and money factor for a base 300 for a 36 month lease with 12k miles per year? Are the numbers different for a Touring vs. Base?

    Thanks.
  • Car_man,

    I was just quoted this deal tonight in Costa Mesa, CA and I was wondering if it was a deal:

    300C with sunroof option
    MSRP: $35680 (from Edmunds)
    Dealer quote: $31396
    12,000 miles
    39 mos
    $4000 trade-in for my 2000 Audi A4
    Monthly payment: $288 + $22tax = $304/mo

    I didn't get the money factor nor the residual value. If I can get rid of my Audi for $4000, I'd be happy since it's not in the best of conditions. Or should I put less down towards the 300C? Thanks for your help!
  • qbrozenqbrozen Posts: 22,842
    wow. that's a sweet ride for $300 per month. I had no idea they were discounting the C that much these days. I guess gas prices must be hurting sales.

    Let's see... $4k down makes a difference probably in the neighborhood of $120 per month. I might be inclined to split that, myself. Make the payment $360'ish and take a $2k check home with ya.

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

  • Indeed, that is a sweet ride for $300. After doing some research, I realized that it's too nice to pass up. So I went back to the dealer. But I was informed that they had actually "miscalculated" the first time. They included additional deposit (that I hadn't planned on putting down). I'm not sure whether they attempted to scam me or not. So after all is said and done, they came back with a quote of $400.

    QUESTION: If everything's the same from my previous post, how good is the deal then at $400? Thanks for your help.
  • qbrozenqbrozen Posts: 22,842
    tough to tell without knowing the money factor and residual.

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

  • Car - 2006 300C Heritage Edition

    MSRP $36,395 Employee price $32,727
    12000/ miles yr
    Residule 56%/39 months, 57% 36 months
    Money factor .003 for both 36 and 39 months
    $700 acquistion fee

    I see in a previous post, that a .00251 lease rate was the going rate. Did things change in Aug?? since I'm being quoted .003?? Or is the dealer just looking to make some extra money.

    Also, $700 seems pretty high for acquistion fee. Whats everyone else paying??

    Any additional incentives I should be looking for??

    Thanks
  • nottheone,

    I was also quoted $700 for acquisition and $45 for doc fees for a 300C. The money factor I was quoted was .00255 for 39 mos. I'm not sure whether the Heritage Edition is different or whether the dealer is looking to make extra money. Just ask him. I got multiple quotes and I called one of the dealer out on it when he quoted me .00295. And he admitted that he was trying to make a few extra bucks off of me. I realize they're in business to make money so it wasn't a big deal to me. But I think getting different quotes from different dealers really helps.

    Here's the latest quote I received for my 300C with sunroof:

    MSRP: $35680
    Price: $31000
    Acquisition: $700, doc fee: $45
    Residual: 55% = $19624
    Money factor: .00255
    12K miles
    $3004 down
    Monthly payment: $354.31 + tax = $382/mo

    That's a huge discount. I'm probably going to take it.
  • I just bought my 300C tonight and I want to thank everyone in this forum. I've learned so much! Here's the details of my lease if anyone wants to get an idea what the market conditions are like here in Southern California.

    Silver 300C
    Sunroof, adjustable break pedals, 1 year Sirius
    MSRP $35,750
    Price $31,087
    Down payment $3,533.41 (they ended up giving me more for my Audi)
    Acquisition $700
    Money factor .00255
    Residual (55%) $19,662.50
    Monthly payment = $342.46 + $26.64 (tax) = $369/mo

    Hope that helps someone. I love this car!
  • qbrozenqbrozen Posts: 22,842
    interesting that your quoted residual is 2 points higher than ocgeezer's. I wonder why that is. Normally, that difference would be miles or navigation, but you were both quoted for 12k miles and ocgeezer does not mention Nav.

    Your money factor CAN depend on your credit, too. So, if you have less than good credit, that could account for the .003 MF.

    I suggest using that purchase price and getting a quote from a bank or credit union.

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

  • After checking around, I determined that the first dealer must have smoked his lunch. Current rates on 300C are:

    (12,000 miles/yr)
    36/months Rate .00251 Residual 56%
    39/months Rate .00255 Residual 55%
  • Car man

    In advance let me thank you for your help! Here is my deal at the moment. The car price with a 12.5% discount off list I know is good but I need to round this lease into shape:

    300C Heritage Edition
    MSRP $40,375
    Emp Price $35,344
    39 Month
    18,000 mi/yr- Need that kind of miles/yr
    Money Factor 00344- How can you push this down?
    Residual .50102- Is this right with a 58.5m mile cap?
    Disposition Fee $425- Assume you can work this?

    This has all been done to date via the internet. This is a big all brands total Chrysler Dealer.
  • qbrozenqbrozen Posts: 22,842
    if you want to lower the money factor, try a local bank or your credit union. I would get a quote from the bank and ask the dealer to beat it.

    '17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

  • Thanks...so has anyone used www.leasecompare.com? Thoughts?

    TIA!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, bayman. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a base 2006 Chrysler 300 with 12,000 miles per year are .00324 and 57%, respectively. In addition, you will be able to purchase this car through DaimlerChrysler's "Employee Pricing Plus" program. The lease program is different for the Touring model. Its numbers for an otherwise identical lease are .00259 and 56%.

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