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Dodge Journey Lease Questions
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Scott
convenience group 1 $695
premium convenience group $895
chrome appearance group $ 1,420
sunroof $795
destination charge $625
sticker $ 26,790
lease for 27 mos and 56,250 total miles.
what do y'all think?
I got tons of questions really...Why would you lease 27 months, drive 56k miles and lease. Why not just buy it?
I don' recommend unconventional lease terms (anything isn't 24,36,48). In your case, after 24 months, you'll have to pay for your 3rd year car registration, drive it 3 months and then return the car. If you end up getting a new one, you'll have to pony up another car registration fee. that isn't cheap, its at least a few hundred bucks extra than you should be paying.
I don't wanna offend anyone looking at a Journey, but it looks like a minivan to me, so you can get a Odyssey for under $400 bucks with ZERO drive off. Heck you'd be paying less on a Honda Pilot...granted that thing is ugly, but still its a 8-seater.
I certainly think you can do better.
Even @ higher mileage rates, leasing has some advantages and can still make financial sense. If used for a business, it is easier to expense.
Re: 27mo leases, different states may handle registration differntly, but 27 vs. 24 moths matters not for vehicles in Michigan. Tags expire on the registered owner's bithday. If my birthday happens to fall in theose extra 3 moths, yes I have to pay for another year's worth of registration on that vehicle while only using it for <3mo. If my birthday is not within the next 3 months, it doesn't matter. Actualy it rarely matters anyway as you usually transfer the plate to your replacement vehicle. If the next vehicle is significantly less expensive, you end up paying more for the plate, tbut that's nit-picking <$25 usually.
Car_man
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Spoiled by a $275/mo. lease on 05 Durango now ending. Approx. $3500 in excess mi. to pay. CFS only offering $10k to buy at 5.9%/60mo @ $200/mo. Considering new lease on 09 Journey w/ 3rd row.
Anyone know current money factor/residual on 09 Journey? 24 mo or 36 mo.
Anyone get any good lease deals on this model lately?
All comments are welcome and thanks for your help!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum