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Dodge Ram Pickup Lease Questions

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Comments

  • Kirstie_HKirstie_H Posts: 11,077
    Have you recently bought a new Chevy Silverado, Dodge Ram or GMC Sierra? If so, a reporter would like to talk with you. Please respond to [email protected] by Friday, November 10, 2006 with your daytime phone number and the make/model you selected.

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  • cwa318cwa318 Posts: 71
    Car Man......

    What are the current residual values and money factor for a 2006 Ram 1500 Mega Cab Laramie? Thanks
  • blue2500hdblue2500hd Posts: 6
    Do you have any clue as to what the new leases will be in dec. ? if they at all will change , my son is looking into his first new rig and is going to lease since that is what i do with my trucks, he is looking into a '07 quad cab with the 5.7L and auto its stickers for about 35,200 and there saying with 2,500 down plus tax,title,regs. he can get it for 279 a month for 27months also this is the thunder road edit. does this sound like a good deal? with no money down they said it would be 330 same amount of time he is working for a dodge dealer ship now and these prices are from another dealership the one he works for can't match it ! but i still wounder if he should wait also we are being told that all deals on left over '06's will end on the 30th of this month and will not be as good as they are now . Thanks for any help !
  • CarMan@EdmundsCarM[email protected] Posts: 38,515
    Hi cwa318. This truck's lease program varies depending upon how long you lease it for and its mileage allowance. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Chrysler Financial's current 36 month, 15,000 mile per year buy rate lease money factor and residual value for the 2006 Dodge Ram Pickup 1500 Mega Cab Laramie 4WD are .00353 and 48%, respectively. When negotiating your capitalized cost for this truck, make sure to take the $4,500 lease cash and $1,000 Chrysler Financial bonus, $5,500 total, into account.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi blue2500hd. It is difficult to say what DaimlerChrysler's new lease program will be like for the Ram Pickup when it is introduced tomorrow. I suspect that it will be fairly close to its current program, but if you would like to find out for certain please feel free to post a reminder for me in this discussion in a day or two and I will be happy to give you an idea of what the new program is like.

    You never mentioned the selling price of the truck that your son are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work give you my opinion of this deal if you let me know what its selling price is.

    Car_man
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  • mroberdsmroberds Posts: 1
    Car Man,
    Can you give me the current lease money factor and residual value for a 2007 Dodge Ram 1500 Quad Cab SLT 4x2 swb 39 month, 15,000mi/yr in the Atlanta area? And do you expect these numbers to go up or down as we go into the new year?
    Thanks
  • whiskyman10whiskyman10 Posts: 1
    I want to lease a 06 mega cab 1500 4x4 pretty loaded sticker is 40k getting quoted $480 mo. 27 month 10500 miles lease with $800 dn. this also includes trading old car in, little upside dn is this a good deal? should i keep the$800 and pay $30 more?
  • davesedavese Posts: 6
    I just leased a 07 SLT 4x4 and had a 04 (same truck) leased thru chrysler as well that I traded, I paid 4 out of 7 payments I had left due to the pull ahead program chrysler has.

    Heres the deal.

    I paid $4800 down, this included the 4 remaining payments on my trade of 557.25 monthly, the rest was down payment.

    Gross cap cost is 37089.27
    Cap cost reduction 8473
    Adj Cap 28616.21
    Residual 18286.05
    39 mth lease
    12k miles a year
    $453.90 a month

    They gave me 5000 rebate
    Said I could not have the 1000 loyalty cash if I was using the Pull ahead as well. ????

    Thanks for looking.
  • CarMan@Edmunds[email protected] Posts: 38,515
    Hello mroberds. Here's the information that you're looking for. Chrysler Financial's current 39 month buy rate lease money factor and residual value for the 2007 Dodge Ram Pickup Quad Cab SLT 2WD with 15,000 miles per year in your area are .00264 and 43%, respectively. Make sure to take the $5,000 lease cash that is available on this truck into account. It that will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi davese. You must have really wanted to get out of your current truck to pay four months of payments to turn it in. I would be happy to give you my opinion of this deal, however in order for me to do so I need you to provide me with your truck's full MSRP. This number will show me how much of a discount you were given on it and it will enable me to use Chrysler Financial's lease program to estimate what its payment should be.

    Car_man
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  • davesedavese Posts: 6
    Carman,

    The MSRP is $37,535
  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi zeniff. Thanks for sharing your thoughts on the environment with us. Unfortunately, this particular discussion is for community members to discuss leasing. Posts on this subject are more appropriate for the following discussions: "How Will Global Warming Concerns Change The Vehicles We Drive?" or "Are automobiles a major cause of global warming?".

    Car_man
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  • myblueizemyblueize Posts: 1
    Car Man,Can you give me the current lease money factor and residual value for a 2007 Dodge Ram 1500 Quad Cab SLT 4x4 SWB 39 month, 15000 mi/yr in the Manassas,VA area? How much difference between the vehicle listed above and an '07 Laramie loaded?
  • 47cp47cp Posts: 1
    Car Man,

    A friend just got a nice deal on a leftover '06 MegaCab Laramie with CTD. He said when they were doing the financing, they offered him several lease deals. In my (limited) experience, you can not normally lease a year old model.

    Question 1) Can you lease a 2006 New at this time and what are the rates for a 06 Mega SLT 2wd in 63026 (St. Louis)

    2) Rates for 2007 1500 Quad Cab Laramie 2wd and 2007 2500 Quad Cab SLT 2wd.

    3) On the 07's what does it make a difference in lease rates for 2wd for 4wd.

    Sorry for all the questions. I need a truck in the next few months and these deals on Dodge's right now are pretty good.:)

    Thanks,

    DaveW
  • CarMan@Edmunds[email protected] Posts: 38,515
    I'd be happy to help you out, myblueize. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Dodge Ram Pickup Quad Cab SLT 4WD with 15,000 miles per year in your area are .00343 and 48%, respectively. The money factor for an identical lease of a Quad Cab Laramie 4WD model is exactly the same, but its residual value would be 45%. DaimlerChrysler is currently providing $5,000 lease cash on the 2007 Dodge Ram Pickup Quad Cab plus dealers have the ability to earn up to another $1,000 if they hit certain sales volume targets.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi DaveW. While one could technically still lease a 2006 Dodge Ram Pickup through Chrysler Financial right now, it probably is fairly expensive to do so because the residual values of '06 models are pretty low this late in the model year. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Dodge Ram Pickup Mega Cab SLT 2WD with 15,000 miles per year are .00332 and 41%, respectively. DaimlerChrysler is currently providing $6,000 dealer cash on the '06 Ram Mega Cab.

    If you were to lease a 2007 Dodge Ram Pickup Mega Cab SLT 2WD through Chrysler Financial right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value in your area should be .00343 and 47%. The money factors for the 2WD and 4WD versions of this truck are the same, but the 4WD's residual value is higher at 51%. DaimlerChrysler is currently providing $3,000 lease cash on the '07 Dodge Ram Mega Cab.

    There is a stairstep dealer cash promotion running on Dodge Ram Pickups right now that provides dealers with up to $1,000 per unit if they hit a certain sales target, so dealers have a lot of incentive to deal on this model right now.

    Car_man
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  • hofhenkehofhenke Posts: 1
    Car Man,

    What could I expect to pay on leasing an '07 Ram 2500 SLT 4x4 SB for a 36 months? I would like to put as litte down as possible. I was reading some earlier posts and some people were talking about a college grad promo? Well I recently graduated and have great credit!

    Or are there any better times to lease a truck other than right now or should I wait until a big sale? I live near Sacramento, CA!

    Thanks!!
  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi hofhenke. This truck's lease payment will depend upon what its MSRP and selling price. Let me know what these numbers are and I would be happy to use Chrysler Financial's current lease program to estimate what your monthly payment should be.

    Car_man
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  • cdangercdanger Posts: 1
    Hi-

    I'm looking at potentially leasing a 2007 Dodge Ram 2500 SLT (6.7L Cummins), and a few other options. I have about $18,000 available for a downpayment. I don't know what the current factor or residual would be on this truck (I would like to know). If the selling price was around $41K (before any incentives), what would the lease terms look like at 24, 30 or 36 months if I put all $18K down.

    As far as downpayments go, would it be stupid to put that much money down? If I financed, I would still have a pretty hefty monthly payment, even with such a large downpayment and I refuse to go longer than 3 or maybe 4 years on a regular finance deal.

    I've never leased before, if you can't tell...
  • hemi_kyhemi_ky Posts: 3
    Hi Car_Man,
    I have a 2005 Dodge Ram 1500 quad-cab 4x4 HEMI Sport SLT Big Horn Edition. It has 20-inch wheels with 305/55/r20 Nitto Terra Grapplers, Line-X, window tint, Infinity stereo, it's a nice truck. Everything I'd want, except it's not a diesel. This truck is paid for.

    I've been debating on trading it in for a 2007 Ram 2500 with the 6.7 Cummins. I've been working with a dealer and I can trade my truck, use the money I get from it, and do a 2 year lease with a one time payment. So, I still wouldn't have a payment for 2 years. What would you do?

    My concern is that once the 2009 1500's are out with with a diesel engine as an option, my gas truck isn't going to be forth as much as it would normally be. When a new body style comes out, the value of the older body style usually drops, but I'll have a new body style and a diesel engine option working against me.

    Thanks!!!!!
  • shrewd2shrewd2 Posts: 5
    What is the best deal with an employee discount that is available on a 2007 dodge ram 1500 for a 12000 or 15000 mile lease.Is it better to purchase right now or lease with the discount or buy. The best I found is 276 a month. Also will the deals get better. should i wait.
  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi cdanger. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    I see that you are are considering making a $18,000 down payment on your lease. I always advise consumers against making large down payments when leasing. Consumers who make them risk losing part or all of them if their vehicle is in an accident or stolen and never recovered. You would be better off keeping that money in the bank and going with a zero down lease.

    I would be happy to give you an idea of what this truck's lease program is currently like. Chrysler Financial's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Dodge Ram Pickup Quad Cab 2500 SLT 4WD with 15,000 miles per year are .00324 and 53%, respectively. The numbers for an otherwise identical 36 month lease are .00349 and 47%. As you can see, this lease program is not very attractive. If I was personally in the market for this truck, I personally would finance it through Chrysler Financial at 0% for 4 years or through an independent bank and take advantage of the $3,500 customer cash.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi hemi_ky. I personally would rather keep my old truck than trade it in on a two year, pre-paid lease of a new Ram Pickup. As is usually the case, Chrysler Financial's current lease program for the Ram Pickup is not very attractive.

    Car_man
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  • CarMan@Edmunds[email protected] Posts: 38,515
    Hi shrewd2. Chrysler's lease program for the Dodge Ram Pickup is not very attractive. If I was in the market for an '07 Ram Pickup 1500 right now, I personally would rather finance it through Chrysler Financial at 0% for 5 years or through an independent bank and take advantage of the $6,000 in cash incentives that is currently available on it and finance it through an independent bank.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • shrewd2shrewd2 Posts: 5
    Thanks for the helpful tips. This does seem like a wise choice.
  • dpollockdpollock Posts: 3
    have a 2005 dodge ram diesel 4x4,had 60,00 miles on it when I bought it from a dealer,dealer maintained. works great,In past 3600 miles has used 4 quarts of oil,none leaking on floor.still works great,anyone know why this would happen. thanks . dpollock.
  • cheeko965cheeko965 Posts: 2
    Hello, new to this forum. Just wanted to know of the latest lease deals out there. I have heard, 2nd hand, of a friends and family lease deal on a Ram 4x4 Quad or Mega cab, 24 mo., 10-12k miles per year, minimal down (maybe 1-2k), in the 200-250/mo. range.
    Can anyone verify this or tell me their latest, greatest deal on an '07 or '08? I'm currently trying to verify my source of data as well...

    Thanks.
  • nuhuskers97nuhuskers97 Posts: 4
    I have a 2005 dodge ram 1500 slt hemi 5.7 that I leased 39 month 15k a year for $330 with tax (5.5%). My lease is ending and I'm looking at another lease. Went to a dealership today and they offered me the following:

    27 month 10,500 miles a year Ram 1500 SXT 5.7 Hemi Multi-displacement MSRP was $35,565 for $360 per month tax included. They would pay 1st months payment and this was with no money down and turning my lease in.

    Another dealership offered me this:

    27 month 12,000 miles a year on a Ram 1500 SXT 4.7 liter MSRP was $33910 for $360 per month tax included. They would pay 1st months payment and this was also with no money down.

    I still have 5 payments left on my lease.

    Are these offers reasonable? I just can't see how considering I was paying $330 for a lease with 15k miles a year that also included nerf bars and a mopar bed cover/topper. Does anyone also know with the money factor and residual would be for the 68506 (Lincoln Nebraska) area?

    Thanks for the help. Just trying to get the best deal I can.
  • p1dallasp1dallas Posts: 11
    Carman,

    I am currently looking at leasing a 2008 Dodge Ram 2500 SLT CTD 4x4. I am looking at 63 month lease, 12 K, payment is at $526/month.

    Here are the details, good deal? Should I consider purchasing instead?

    46,510-MSRP
    37,414- purchase
    2468.35- added costs- WFF acq fee-$795, auto flex lease fee- $350, extra added accessory- $499, lease dealer profit- $824.35
    Adjusted cap- 39,882
    Residual- 15,328 , 33%
    MF - .00180 / 4.32% - Wells Fargo Financial
    Tax- $2369.56 / 6.25% in texas
  • p1dallasp1dallas Posts: 11
    I did not go with the above deal. I am working on a few other options. Can anyone comment on what they paid for a similiar truck? 2008 Dodge Ram 2500 SLT CTD Quad cab 4x4. I am seeing around 37,100-37,400 based on MSRP of 46-47,000. What MF, residuals are you getting for this truck?
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