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Comments
The $428 per month payment that the dealer quoted you is way out of whack.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MSRP $34,990
$6,500 discount ($2,500 mfg. cash and $4,000 dealer discount)
$2,000 down
$26,440 Cap Cost
12,000 miles a year
Thanks!
I do not have all the numbers you otherwise look for but here are the numbers I do have, maybe you can shed some light on the deal.
Looking to lease a 2013 Charger R/T Max AWD w/ a sticker price of $40,980. I have a trade that has aprox $4,000 in negative equity (its a VW CC with 10 months left on the lease).
The deal: $2,000 out of pocket at $450 a month on 39 Months w/ 12K a year.
This was the 4th dealer I visited and the BEST monthly payment I got on the most expensive car out of all of them. Most dealers were in the mid 5's and one even touching 600.
Good deal or bad deal?
Thank you very much for the help!
Project.
Thanks!
MSRP $32, 380 (sunroof, spoiler)
Discounts $5,000 ($2500 Cash Allowance, $1500 V8 Bonus Cash, $1000 Conquest Cash)
10,000 miles/yr
24 mo & 36 mo terms
Dealer quoting us $315 (incl tax) based on current "Big Finish" rates/terms. We have credit score >800 so will have no problem qualifying for best rates.
Also, would like info on Charger R/T w/AWD:
MSRP $34, 880 (sunroof, spoiler, AWD)
Same discounts, etc as above
Thanks so much!
Shawn
The numbers for an otherwise identical lease of a 2013 Charger SXT are 0.05% and 49%.
There is a $1,500 cash incentive on leases of these cars right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Ally's December base lease rate and residual value for a 24-month lease of a 2013 Dodge Charger R/T with 10,000 miles per year are 2.05% and 65%. The numbers for an otherwise identical 36-month lease are 2.4% and 57%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The numbers for an otherwise identical 36-month lease are 4.61% and 58%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I am curious what the current lease rate and residual is for the above mentioned vehicle? 12K miles per year.
I have been on Dodge.com and the numbers there indicate a lease rate of 2.95%, however I can't get near those numbers with the dealer.
Thank you.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Really strange, both dealers I spoke to were identical and it went something like this:
MSRP: 41,380
Discount: 1,587
Incentives: 3,000
Down Payment: 750
Capital cost: 36,043
Residual: 25,241.80 (61%)
39 months
Money factor (rounded) should be .00123 if 2.95% is used.
At the dealer, the payment (with tax) was figured at 413 - 428.
If I calculate that, I come up with 373.47 (incl tax). So if they are that high, the actual lease rate is either 4.2-4.4% or they are doing something else to calculate.
They wouldn't budge so they didn't get my business.
That much shouldn't be creating the disparity I am seeing. Maybe I am missing something.
They gave me a copy showing cost of the vehicle, the discount they offered on the vehicle, the incentives I qualified for, the residual value, and then the payment with various down payments.
None of those matched what I could come up with on Dodge.com when I matched numbers. I don't expect the website to be right on the money, but we were $70/month apart, I expect closer than that.
The numbers for an otherwise identical 36-month lease are 3.87% and 55%.
I believe that there's only a $500 cash incentive on leases of the SRT8 trim level right now. This is a pretty low volume vehicle, so I'm not personally all that familiar with the market for it right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum