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Car_man
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Car_man
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Car_man
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Here is the car that I'm looking to:
2006 Chrysler 300C AWD
Brilliant Black Crystal Pearl Coat exterior
Dark Slate Gray/Light Graystone Luxury Leather interior
Power Sunroof
GPS Navigation System
Sound Group II
Protection Group II
Chrysler MSRP $39,975
Selling price $34,777
Can I push the selling price any lower?
Thanks in advance for the help !!!
Car_man
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Car_man
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Car_man
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39 months
15,000 miles a year
33,100 purchase price (Friends & Family - 1% under invoice)
MSRP 35,480
Monthy payments w/tax - 490.86
Does this seem like a fair deal? I have never leased a car before.
new to the board and loving all the info. i am looking ot lease a fully loaded 06 300c w/ nav, sound, video, sunroof, leather, walnut trim, etc. msrp was quoted as 41265. cap cost is 38903 after all rebates. res value of 55% and money factor of .00175 on a 39 month lease. they want 2385 otd down, with monthly payments of 459 plus tax. is this a good deal? btw, this is from buerge in santa monica,ca.
also, i've been told not to get a lease for longer than the warranty, so i am going to call back tomorrow to find out terms for a 36 month lease. car_man, could you let me know the terms for both a 36 and 39 mnth lease?
thanks very much,
bob
2006 300C AWD, Nav/Sound, Prot, HID, Walnut, Sunroof, Sirius, UConnect, Power pedals, etc
MSRP $41,310 I have employee price plus he mentioned this vehicle has a "volume allowance" for taking extra vehicles when DC wanted them to.
27 month/12k mile lease for $425.00 (inludes 6% tax) with approx $700 due at signing (first payment/tax). Like I said I will get more details today, but my first impression is to take it for that price. What do you think?
Car_man
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Car_man
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Thanks
2006 300C AWD, Silver, Drk/lgt slate
MSRP $41,310
Net cap cost $31,773 (employee discount and others included)
27 month/12k lease
Residual 58%
Money factor: .00086 (is this as good as I think it is?)
Monthly payment $357 including 6% tax!
Total due: $750 (first payment + taxes)
The kicker: it's a demo with 6,500 miles. I drove it and all seems to be ok, but I will invetigate some more.
There is also a black "new" one for about $385 per month, but silver is preferred. What is everyone's opionion about leasing this DEMO and the deal in general. I am likely going to finish this within this week. Thanks for your comments.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
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...
bob
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
Thanks
Sam
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.
Money rate = .00215
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?
Thanks, I would appreciate your help.
Car_man
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Car_man
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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.
Car_man
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I 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!
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.
Thank 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.
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.
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?
Thanks
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.
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
link title
http://forums.roadfly.com/forums/financing/8106455-1.html">link title
<a href="http://forums.roadfly.com/forums/financing/8106455-1.html
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.
please 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