I checked out a loaded 2006 300C today in Richmond Virginia and I thought my rates were pretty fair until I read car-man's reply to twodomes. I need to know how I can improve my deal. The MSRP is $39,955 with a cash price of $35,473 after $3,000 in rebates. Their 39-month lease quote was $558.52. It has a .00245 rate with a 54% residual. The car has everything except for the rear seat DVD and AWD. since it is the end of the model year, should I be expecting a better price and a much lower rate? Thanks for any guidance you can provide.

seems to me they're getting you on the money factor, as its much higher than the numbers car_man posted. your cap cost looks good and the residual is fine. i would tell them that you saw online that the moey factor for a 36 month with 15k miles is .00165, so it should be something more in line with that. good luck and let us know how it goes...

My big questions is regarding the gas guzzler tax is this added to MSRP and is that new msrp what the residual value is calculated from? Or is the residual value calculated from the MSRP before the gas guzzler tax is added in? REad what I have found to be the correct money factor and residual for 15k mi per year. Does anyone have the residual for 12k mi per year? It is usually 2 to 3 percent higher but i dont know if that is true for chrysler products.

The money factors and residuals I have found are the following:

24 mo/15k mi – Residual Value 62% of MSRP – .00086 Base Money Factor Rate 36 mo/15k mi – Residual Value 56% of MSRP – .00165 Base Money Factor Rate 48 mo/15k mi – Residual Value 47% of MSRP – .00408 Base Money Factor Rate

You can use the following formula to calculate a lease payment:

(Capitalized Cost – Residual Value) / Term = Monthly Depreciation (Capitalized Cost + Residual Value) X Money Factor = Monthly Interest Monthly Depreciation + Monthly Interest = Base Monthly Payment

I closed my deal on Wednesday night. I got a better money rate and and negotiated away the processing fee. This dropped my monthly payment down to $532. I love the car. Wow, what torque and luxury features.

And yes, I received the current $2,000 cashback bonus and an additional $1,000 cashback because the vehicle has been in the inventory for a while. I didn't get the exact time frame, but I believe this car was originally ordered sometime from Jan-Mar this year. It is the Jade Mist color. Apparently, these didn't sell well and now the color is not available for 2007. Of course, my wife and I love the color. It's really a shimmering jewel.

I forgot to ask: They had a Chrysler standard activation fee of $700 which is supposed to cover "price gap" insurance in case I total the car or some other calamity happens. That's the difference between the price of the car and the value that my car insurance will pay. I tried hard to talk them out of this, but they wouldn't budge the slightest. They warranted that Chrysler charges this fee for every 39 month lease in America. Is this true? I got them to agree to give me a refund if I get a different commitment from Chrysler somewhere.

Thanks to everyone for the very useful comments and advice.

I am thinking of leasing a Chrysler 300C AWD. Here are the numbers:

MSRP $35,525 39 month lease Residual value 56%, $19,894 Capitalized Cost 32,380 Term 39 Lease Money Factor 0.00215 Rebates 3,000 Total Add Caps $1106.20, supposedly $750 for Chrysler Finance and the rest for D&H Adjusted Cap Cost $31,094.93 Total Sales Tax $1357.98 Base Monthly Rental $396.83 Amount Due at Start $3000 (this is the rebate) Total Monthly Payments $426.99 (includes sales tax)

Does this lease make any sense? Is it a good value? Any negotiating points to make it an even better value?

Hi 2000blk. Through November 6th, Chrysler Financial's buy rate lease money factor and residual value for a 24 month lease of a 2006 Chrysler 300 SRT8 with 15,000 miles per year are .00086 and 62%, respectively. The numbers for an otherwise identical 36 month lease are .00165 and 56%. When negotiating your lease on this car, make sure to take advantage of the $2,000 lease cash that is currently available on it. This cash will help you to negotiate an attractive capitalized cost for your lease.

Hi christiands. The money factor that you were quoted, .00086, is right in line with Chrysler Financial's current buy rate for this car. It is pretty attractive, it is equivalent to an interest rate of around 2%. The fact that you are able to purchase this car through DaimlerChrysler's employee purchase program means that you are getting a good deal on it. I am not sure how much of an additional discount you are getting for the fact that this car already has 6,500 miles on it though. I usually find that dealers are not willing to provide enough of a discount on demos for me to personally justify purchasing one over an equivalent brand new car. Here we're talking about $28 a month less for the demo. The difference in payment would make me seriously consider the demo, but you really can't go wrong with either car.

Hi stargazer5. The fact that this car is eligible for $3,000 in cash incentives means that you are getting a dealer discount of $1,482 on it. This is still well over $1,000 over dealer invoice. DaimlerChrysler has been in the news a lot lately because it and its dealers have an oversupply of 2006 models. Given the difficulty that its dealers are having selling its leftover models, I personally would not be surprised if you were able to get a larger discount than this on this car. Try shopping around with a couple of other dealers or haggling more with this one to see if you can beat this price, I would not be surprised if you can. Furthermore, the money factor that you were quoted for this car is too high. If you qualify for its top credit tier, Chrysler Financial's current 36 month buy rate lease money factor for the 2006 Chrysler 300C 2WD is only .00165. Make sure that you don't pay any more than that.

Hi osamaomar. I am not sure if gas guzzler tax is included in vehicles' MSRPs when their residual values are calculated. My guess is that it is not, but I am not 100% positive. Chrysler Financial's residual values for leases with 12,000 miles per year are 1% higher than its 15,000 mile per year residual for 24 month terms and 2% higher for 36 and 48 month terms.

What you read is correct, Sam. Through November 6th, DaimlerChrysler is providing $2,000 lease cash on all 2006 Chrysler 300C models. There is an additional $1,000 incentive on units that have been in dealer inventory April 1st or earlier.

Greetings tryingtolearn. First let's take a look at this car's selling price. Is the capitalized cost that you were quoted, $32,380, before the subtraction of the $3,000 in cash incentives or does this number already take the three grand into account? I ask because if this is before the cash is taken into account, it is a pretty good price, if not then it is a terrible price.

Now let's take a look at the money factor that you were quoted. Through November 6th, Chrysler Financial's buy rate lease money factor for a 39 month lease of a 2006 Chrysler 300C for consumers who qualify for its top credit tier is only .00175. The factor that you were quoted is higher than this. If your credit is in good shape, this likely means that the dealer you are working with is trying to mark your car's factor up to add additional hidden back-end profit to your deal. Make sure that the dealer you are working with uses this car's buy rate to calculate its lease payment.

MSRP $46,745 36 month lease 15,000 miles per year SRT OPTION GROUP 1&2 Residual value 47%, $20,181 Cap Cost $42,939 Lease Money Factor 0.00165

Drive off costs $1811 (includes the following) 1st month $759.68 Fee & Ins $371.75 Upfront taxes $55.28 Cap reduction (cash) $625

Tax Rate 8.25%

Total monthly payment: $759

Checking your previous responses, the money factor looks okay, but the residual is too low. Your advice would be greatly appreciated whether or not this is a good deal. Many thanks!

That monthly payment is insanely high. Also, with the $2000 - $3000 rebate on that car, you should get it at around $39000. I just got a quote on the exact same vehicle at the following:

MSRP - $46745 Cap Cost - $39000 Residual (3 year, 12K miles per year) - 58% Money Factor - .00165

Based on the above, my payment is less than $500/month with NO money down. There are a TON of these SRT8's left, don't pay anything over $39000. Check on EBay; they are going for thousands under Invoice.

Mrdrifty, Unfortunately, the dealer I quoted is on the east coast, so I'm not sure about west coast dealers. But, you should still get the payment much closer to $500/month. Check on carmax.com. They have new 300C SRT8's at their LA dealer for $7000 off MSRP. And you can lease from them also. Print it out and force your local dealer to match the CarMax no-hassle price.

Are these the current lease numbers for Chrysler 300C AWD or did they change? i.e. Lease Cash / Rebate = $3000 Money Factor = 0.0165 36 months, residual = 56% for 15,000 miles Thanks... Also what is the markup, i.e. is it reasonable to negotiate invoice price and then apply the lease cash to a lease. Thanks

2006 300C 36 month lease MSRP $35350 Net cap cost: $30362 (includes $3000 rebate) Upfront: $767 12000 miles per year Residual: 56% money factor: .00203 Payment of $395

Also, I see that they are making me prepay and finance the up front sales tax on the entire deal. is this normal?

Car_Man, On another site, I found reference to Chrysler offering $2000 customer cash (Type 1, program 74C61) and $2000 lease cash (Type L, program 74L61) on all remaining 2006 300C (including the SRT-8). Can both of these be used on a lease for this vehicle? Thanks.

I have been in the process of searching for an SRT-8. I am on the West coast of Florida. A previous subscriber stated there are a lot of these left on lots. Let me tell you this is 100% true. One dealer in Orlando has 15 06's left. Most dealers I have researched have 3 to 6 of these units left. They seem to be ready to deal. $2K rebate + $1k Old Age Unit Rebate. $1K Chrysler Financial money went away.

My question is are the residual values for this car still at 56% for 36 months (15K) and are the monet factors at .00165? Thanks

The link below has the rates for the SRT-8 slightly changed in November to 55% residual and .00163 money factor. Also, you should easily get $7000 off MSRP on the 300C SRT-8 when all rebates are factored in. CarMax new cars has some of them at almost $8000 off MSRP.

Just was quoted today 39 months 15k - 54% and money factor of .00175 on SRT-8? I told the salesman this factor seemed high as I had seen it at .00163. He said that is what it is. Any suggestions?

Also.....payment I was quoted by dealer was much higher than what I had figured with the Edmunds lease calculator. I have not seen the paper work yet however. Do these dealers figure things diffferenly when they figure a lease? I would assume the Edmunds calculator must be fairly accurate?

cwa318, I'm not sure if the 39 month rates are different than the 36 month rates, but I would recommend only the 24 or 36 month lease. Look at the link from my previous post. The 36 month rate for 15K miles per year is 55% residual (57 % for 12K miles) and money factor of .00163. With the number of rebates on this vehicle, you should get the payment below $500 with NO money down. If your dealer doesn't give you this rate, they are marking it up to make more profit. In that case, go to another dealer. There are hundreds of these SRT-8's left and Chrysler is desperate to sell them before shipping the 2007 versions.

## Comments

23,464'17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!

373seems to me they're getting you on the money factor, as its much higher than the numbers car_man posted. your cap cost looks good and the residual is fine. i would tell them that you saw online that the moey factor for a 36 month with 15k miles is .00165, so it should be something more in line with that. good luck and let us know how it goes...

bob

8REad what I have found to be the correct money factor and residual for 15k mi per year. Does anyone have the residual for 12k mi per year? It is usually 2 to 3 percent higher but i dont know if that is true for chrysler products.

The money factors and residuals I have found are the following:

24 mo/15k mi – Residual Value 62% of MSRP – .00086 Base Money Factor Rate

36 mo/15k mi – Residual Value 56% of MSRP – .00165 Base Money Factor Rate

48 mo/15k mi – Residual Value 47% of MSRP – .00408 Base Money Factor Rate

You can use the following formula to calculate a lease payment:

(Capitalized Cost – Residual Value) / Term = Monthly Depreciation

(Capitalized Cost + Residual Value) X Money Factor = Monthly Interest

Monthly Depreciation + Monthly Interest = Base Monthly Payment

8Thanks

Sam

3I closed my deal on Wednesday night. I got a better money rate and and negotiated away the processing fee. This dropped my monthly payment down to $532. I love the car. Wow, what torque and luxury features.

And yes, I received the current $2,000 cashback bonus and an additional $1,000 cashback because the vehicle has been in the inventory for a while. I didn't get the exact time frame, but I believe this car was originally ordered sometime from Jan-Mar this year. It is the Jade Mist color. Apparently, these didn't sell well and now the color is not available for 2007. Of course, my wife and I love the color. It's really a shimmering jewel.

I forgot to ask: They had a Chrysler standard activation fee of $700 which is supposed to cover "price gap" insurance in case I total the car or some other calamity happens. That's the difference between the price of the car and the value that my car insurance will pay. I tried hard to talk them out of this, but they wouldn't budge the slightest. They warranted that Chrysler charges this fee for every 39 month lease in America. Is this true? I got them to agree to give me a refund if I get a different commitment from Chrysler somewhere.

Thanks to everyone for the very useful comments and advice.

733Money rate = .00215

5MSRP $35,525

39 month lease

Residual value 56%, $19,894

Capitalized Cost 32,380

Term 39

Lease Money Factor 0.00215

Rebates 3,000

Total Add Caps $1106.20, supposedly $750 for Chrysler Finance and the rest for D&H

Adjusted Cap Cost $31,094.93

Total Sales Tax $1357.98

Base Monthly Rental $396.83

Amount Due at Start $3000 (this is the rebate)

Total Monthly Payments $426.99 (includes sales tax)

Does this lease make any sense?

Is it a good value?

Any negotiating points to make it an even better value?

Thanks, I would appreciate your help.

38,515Car_manHost

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38,515Now let's take a look at the money factor that you were quoted. Through November 6th, Chrysler Financial's buy rate lease money factor for a 39 month lease of a 2006 Chrysler 300C for consumers who qualify for its top credit tier is only .00175. The factor that you were quoted is higher than this. If your credit is in good shape, this likely means that the dealer you are working with is trying to mark your car's factor up to add additional hidden back-end profit to your deal. Make sure that the dealer you are working with uses this car's buy rate to calculate its lease payment.

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7I received the following proposal:

MSRP $46,745

36 month lease

15,000 miles per year

SRT OPTION GROUP 1&2

Residual value 47%, $20,181

Cap Cost $42,939

Lease Money Factor 0.00165

Drive off costs $1811 (includes the following)

1st month $759.68

Fee & Ins $371.75

Upfront taxes $55.28

Cap reduction (cash) $625

Tax Rate 8.25%

Total monthly payment: $759

Checking your previous responses, the money factor looks okay, but the residual is too low. Your advice would be greatly appreciated whether or not this is a good deal. Many thanks!

85MSRP - $46745

Cap Cost - $39000

Residual (3 year, 12K miles per year) - 58%

Money Factor - .00165

Based on the above, my payment is less than $500/month with NO money down. There are a TON of these SRT8's left, don't pay anything over $39000. Check on EBay; they are going for thousands under Invoice.

7Thank you so very much for the feedback (and quick too)! Is the dealer that quoted you in the Los Angeles area? If so, I would like to call them.

Thanks again.

85Unfortunately, the dealer I quoted is on the east coast, so I'm not sure about west coast dealers. But, you should still get the payment much closer to $500/month. Check on carmax.com. They have new 300C SRT8's at their LA dealer for $7000 off MSRP. And you can lease from them also. Print it out and force your local dealer to match the CarMax no-hassle price.

75i.e. Lease Cash / Rebate = $3000

Money Factor = 0.0165

36 months, residual = 56% for 15,000 miles

Thanks...

Also what is the markup, i.e. is it reasonable to negotiate invoice price and then apply the lease cash to a lease.

Thanks

42006 300C 36 month lease

MSRP $35350

Net cap cost: $30362 (includes $3000 rebate)

Upfront: $767

12000 miles per year

Residual: 56%

money factor: .00203

Payment of $395

Also, I see that they are making me prepay and finance the up front sales tax on the entire deal. is this normal?

Thanks

85On another site, I found reference to Chrysler offering $2000 customer cash (Type 1, program 74C61) and $2000 lease cash (Type L, program 74L61) on all remaining 2006 300C (including the SRT-8). Can both of these be used on a lease for this vehicle? Thanks.

64My question is are the residual values for this car still at 56% for 36 months (15K) and are the monet factors at .00165? Thanks

85link title

85http://forums.roadfly.com/forums/financing/8106455-1.html">link title

<a href="http://forums.roadfly.com/forums/financing/8106455-1.html

646485I'm not sure if the 39 month rates are different than the 36 month rates, but I would recommend only the 24 or 36 month lease. Look at the link from my previous post. The 36 month rate for 15K miles per year is 55% residual (57 % for 12K miles) and money factor of .00163. With the number of rebates on this vehicle, you should get the payment below $500 with NO money down. If your dealer doesn't give you this rate, they are marking it up to make more profit. In that case, go to another dealer. There are hundreds of these SRT-8's left and Chrysler is desperate to sell them before shipping the 2007 versions.

3please provide a source for the 8000 discount.

Is this a good guesss?

2000 customer cash.

1000 old inventory cash.

3000 off msrp.

1500 estimated hold back

thanks