Thanks for the info! I am about to sign a lease on a 50K MSRP Durango GT Plus for ~$498/mo with only first month DAS. Am I getting a good deal?
If you're getting a $50k MSRP car for $498/month including tax at 8.875% in your zip code, with truly just $498 due at signing, you're getting a very good deal. That's like paying about $44k for the car, less another $6k in the incentives, so you're at $38K starting value, then residual is $22.5k (45% of $50,000), so $15,500 of depreciation (principal).
The interest is about $900 (it works out to a little under $24/month, which is .00039 x ($38,000 starting value + $22,500 residual). FYI, the "money factor" is 1/24 of the interest rate, which is about 1%/year here.
So you have $15,500 of principal, $900 of interest, and about $1,000 of lease inception fees/DMV and documentary fee, which is $17,400 in total. Then you add tax on $17,400 + the $6,000 incentives which is about $2,100 (that's the one kick in the pants about the Dodge "incentives" is they are taxable, while a discount isn't). Technically there isn't tax on the actual DMV charges, but the interest is really $920, so this kind of washes out..
$17,400 + 2,100 = 19,500 / 39 months is $500. (I really didn't plan this come out as a round number when I started doing this)
-=-=-=-=-=-=-=-=-=
For comparison, I am trying to confirm my quote for a Citadel -- $47,980 MSRP, less $10,600 of discounts and incentives, so your discount is actually better than mine by $1,000 or so. FWIW, I was quoted .00046 money factor and 40% residual for 42/15, which comes to $479 with $2,500 DAS,
Lesson learned -- any why you should always ask here: The selling dealer marked up the money factor from .00016 to .00042, which increased monthly payments by $14-15 (which over 42 months is about $600 that they totally hid in the deal). Based on something I saw online, the dealer gets 80% of that, and Chrysler Capital keeps 20% (since not all loans/leases go full term).
Lesson learned -- any why you should always ask here: The selling dealer marked up the money factor from .00016 to .00042, which increased monthly payments by $14-15 (which over 42 months is about $600 that they totally hid in the deal). Based on something I saw online, the dealer gets 80% of that, and Chrysler Capital keeps 20% (since not all loans/leases go full term).
Bother. You'll know when you negotiate your next deal to keep an eye out for those tactics.
Thanks for the info! I am about to sign a lease on a 50K MSRP Durango GT Plus for ~$498/mo with only first month DAS. Am I getting a good deal?
If you're getting a $50k MSRP car for $498/month including tax at 8.875% in your zip code, with truly just $498 due at signing, you're getting a very good deal. That's like paying about $44k for the car, less another $6k in the incentives, so you're at $38K starting value, then residual is $22.5k (45% of $50,000), so $15,500 of depreciation (principal).
The interest is about $900 (it works out to a little under $24/month, which is .00039 x ($38,000 starting value + $22,500 residual). FYI, the "money factor" is 1/24 of the interest rate, which is about 1%/year here.
So you have $15,500 of principal, $900 of interest, and about $1,000 of lease inception fees/DMV and documentary fee, which is $17,400 in total. Then you add tax on $17,400 + the $6,000 incentives which is about $2,100 (that's the one kick in the pants about the Dodge "incentives" is they are taxable, while a discount isn't). Technically there isn't tax on the actual DMV charges, but the interest is really $920, so this kind of washes out..
$17,400 + 2,100 = 19,500 / 39 months is $500. (I really didn't plan this come out as a round number when I started doing this)
-=-=-=-=-=-=-=-=-=
For comparison, I am trying to confirm my quote for a Citadel -- $47,980 MSRP, less $10,600 of discounts and incentives, so your discount is actually better than mine by $1,000 or so. FWIW, I was quoted .00046 money factor and 40% residual for 42/15, which comes to $479 with $2,500 DAS,
Thanks for the detailed response! I actually ended up picking one up for $490/month with only first month DAS. Seems like a good deal but its too late to think about that now
Comments
39/15
GT: .00109 MF and 46% residual
SXT+: .00012 MF and 42% residual
$4000 incentive - either trim
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36m/10k. Zip is 19440.
Thank you.
.00039 and 45%
Total Cash of $3500 includes:
$1000 MABC Chrysler Capital 2019 Regional Bonus MACKD
$1000 Mid-Atlantic 2019 Bonus Cash MACKA
$1500 2019 Lease Bonus Cash 38LKE
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
.00017 and 42%
$1500 lease cash
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Another model to look at:
R/T & G/T, AWD 36/15 and 39/15, in 98045
GT: .00109 MF and 46% residual
R/T: .00006 MF and 41% residual
$1500 incentive
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Vehicle: 2019 Dodge Durango R/T AWD
Terms: 39 months with 12,000miles
Could you please provide: Money Factor, Residual, and all current Incentives?
Zip Code: 13901
Thank You in advance!
$6000 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I get Money Factor, Residual, and Incentives for:
2019 Dodge Durango GT Plus AWD
39 months
10,000 miles
Zip code 11218
Thank you!
Total Cash of $6000 includes:
$500 Northeast 2019 Bonus Cash NECKA
$1000 Chrysler Capital 2019 Bonus Cash NECK5 exp. 11/25/2019
$1000 Northeast Chrysler Capital 19 Regional Bonus NECKD
$1500 2019 Lease Bonus Cash 38LKE
$2000 Northeast Lease Bonus Cash NELKB
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2019 & 2020 RT AWD 36/12
zip 19090
Thank you!
.00006 MF and 43% residual
$2500 incentive
Please request 2020 model info, here:
https://forums.edmunds.com/discussion/58587/dodge/durango/2020-dodge-durango-lease-deals-and-prices#latest
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.00039 MF and 45% residual
$3500 incentive
Please request 2020 model info, here:
https://forums.edmunds.com/discussion/58587/dodge/durango/2020-dodge-durango-lease-deals-and-prices#latest
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I am about to sign a lease on a 50K MSRP Durango GT Plus for ~$498/mo with only first month DAS.
Am I getting a good deal?
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1. 2019 Dodge Durango GT Plus AWD
2. 2019 Dodge Durango R/T AWD
3. 2019 Dodge Durango SRT AWD
.00039 MF and 44% residual. $6000 incentive
.00006 MF and 43% residual. $6000 incentive
.00008 MF and 41% residual. $2000 incentive
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2019 Dodge Durango GT Plus AWD
.00039 and 45%
$1500 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
39 and 42 months
15k miles per year
10901
Thanks in advance!
.00016 and 40%
Total Cash of $6000 includes:
$500 Northeast 2019 Bonus Cash NECKA
$1000 Chrysler Capital 2019 Bonus Cash NECK5 exp. 11/25/2019
$1000 Northeast Chrysler Capital 19 Regional Bonus NECKD
$1500 2019 Lease Bonus Cash 38LKE
$2000 Northeast Lease Bonus Cash NELKB
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If you're getting a $50k MSRP car for $498/month including tax at 8.875% in your zip code, with truly just $498 due at signing, you're getting a very good deal. That's like paying about $44k for the car, less another $6k in the incentives, so you're at $38K starting value, then residual is $22.5k (45% of $50,000), so $15,500 of depreciation (principal).
The interest is about $900 (it works out to a little under $24/month, which is .00039 x ($38,000 starting value + $22,500 residual). FYI, the "money factor" is 1/24 of the interest rate, which is about 1%/year here.
So you have $15,500 of principal, $900 of interest, and about $1,000 of lease inception fees/DMV and documentary fee, which is $17,400 in total. Then you add tax on $17,400 + the $6,000 incentives which is about $2,100 (that's the one kick in the pants about the Dodge "incentives" is they are taxable, while a discount isn't). Technically there isn't tax on the actual DMV charges, but the interest is really $920, so this kind of washes out..
$17,400 + 2,100 = 19,500 / 39 months is $500. (I really didn't plan this come out as a round number when I started doing this)
-=-=-=-=-=-=-=-=-=
For comparison, I am trying to confirm my quote for a Citadel -- $47,980 MSRP, less $10,600 of discounts and incentives, so your discount is actually better than mine by $1,000 or so. FWIW, I was quoted .00046 money factor and 40% residual for 42/15, which comes to $479 with $2,500 DAS,
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
R/T AWD - .00014 and 52%; $1500 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you
39/12
.00039 MF and 44% residual
$6000 incentive
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I actually ended up picking one up for $490/month with only first month DAS.
Seems like a good deal but its too late to think about that now
.00017 and 42%
$2500 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Durango RT RWD
.00179
39%
42 months lease
~$10k off MSRP
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2019 Durango GT Plus AWD / RT AWD - mf, rv, incentives
39/15
zip 21227
R/T: .00006 MF and 41% residual
$2500 incentive
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.00011 MF and 40% residual
$2500 incentive
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.00008 MF and 41% residual
No lease incentives
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.00013 and 52%
$3500 incentives
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00006 MF and 43% residual
$3500 incentive
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MF and Residual for 36/10, 36/7.5 in 34638 :
GT Plus RWD
SXT Plus RWD