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Does anyone have the current money factor and residual value % for 2007 Dodge Charger R/T?
The leasing term is for 27 months, 15,000 miles/year, through Chrysler Financial.
Thanks for your help!
John Dobra
Looks like the money factors are still high on the Chargers for June.
I see that Chrysler took the rebates away for the SRT vehicles. Does this mean they have decreased the MF for July?
Also, am considering leasing a plain Charger R/T instead. Looks like $4500 in rebates if I take advantage of lease loyalty. What are the MF and residuals for the standard R/T in July? 15k/yr and either 36 or 39 month. Whichever is most advantageous. For the Southeast, btw.
Thanks!
Car_man
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Can someone, please, tell me what the residual value for a 2007 RT would be on a 36 mo lease, 12K miles in South Florida? Also, would the number be any different for a 2008 Charger, same conditions?
Thanks in advance!
Nayden
Is the money factor negotiable in any way? Is it set by the lease company and if so can the dealer inflate it and profit from the difference?
Thanks
When negotiating your lease on this car, make sure to take advantage of the $3,000 lease cash that Chrysler is currently providing on it. This cash will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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I'm wondering if I can get the new Charger for anywhere near that. I'm located in MA if that helps.
I did some of my homework. I know the '08 Charger SXT with "G" package MSRP is $26,360($25,685 + destination of $675).
Minus the $2,000 incentive brings me down to $24,360. Invoice on the car is $23,867 or $24,542 with the destination charge added.
I'd like to do a 36 month lease with 10,500 mi/month.
Can anyone provide me with the money factor and residual value based on these figures? I am using the lease calculator at www.leaseguide.com although it doesn't seem to put out the same numbers as the dealers I've talked to.
Does anyone recommend a different lease calculator? Thanks for your time!
Edmunds.com has a calculator that you can use to calculate your vehicle's payment: Edmunds.com Lease Calculator. Also, you can always use the formula that is outlined in the following article to calculate your monthly payment manually: Calculate Your Own Lease Payment.
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I'm a regular reader of your posts, but now a new member to this great Forum. As a follow-up to the 08 Charger SXT lease question, I wanted to inquire about an R/T. How does this deal rate with the following factors:
39 month term
10,500 miles per year
52% residual value
.00311 money factor
$3000 rebate
$500 down
$31,430 MSRP
$29,100 Selling Price
$447.63 Total Monthly Payment (tax included @ 7.75%)
What are the current money factors for the R/T and/or the Daytona R/T?
Thanks, I appreciate your input and look forward to future posts.
OCcarbuff
They list the payment as 24 months @ $129/month with 10,500 miles per year.
this statement is embedded in the lease terms:-
"The Lease payments below are before any fees/taxes and include no more than $1999 due- at-signing (down payment plus 1st month payment)."
What does it mean and what is the residual and money factor...??
This is in Michigan.
example:
MSRP = $34,000
Dealer rebates = $3000
RED TAX = $180.00 (Michigan sales tax is 6%)
Is this legal in michigan ...????
In general, factory rebates, or any other downpayment, paid upfront on a lease (or purchase) is taxable.
regards,
kyfdx
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48 mo- 15k year
2008 Dodge Charger SXT,
msrp 26385.00, invoice 24,545, new car book 25,540
2000 lease money back that i'll use for down payment.
Where can I find out what cars are in high demand?
In your opinion what should I pay for each?
Car_man
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Does anyone know the 24 month residuals values for the SE plus, the R/T and the AWD R/T? It would also be helpful to know the money factor for each.
With the SE Plus I estimate that a $0 down sign and drive lease including taxes would be about $220.
I would like to lease an AWD RT, but depending on the residual and money factor it could be $400+ a month.
I plan to contact the dealer in the next couple of days. If I know the residual and money factors on these cars I will know if they are trying to rip me off on the R/T since I really do not want the smaller engine.
I was also quoted $491/mo $0 down on a R/T R. Pkg that had HID's, NAV, Blue tooth, moonroof this was 10.5k/yr 27 mo. This included lease loyalty and employee discount. MSRP $39,855
This was specifically on the R package car with the $491 pymt
Are these to high. I think they seem expensive.
Can you provide the money factor and residuals for a 2008 SRT-8? I'm looking at 36 months (or possibly shorter) and 15k miles per year. I'm in Phoenix AZ
Thanks again
I managed to snag a Charger SE Plus for $500 out of pocket, which includes the first month's rental, The lease is for 27 months, 10,500 miles/year and a payment including taxes of $218.00 a month.
Car performs well, but seems a little heavy on gas compared to the Crossfire (not much of a comparison).
The money factor is actually a range and the dealer can decide how much to charge. I do not know what the range is (i.e. highest and lowest possible money factors) but it can vary up to about 4% as an APR. Of course to get an approximate APR multiply the money factor by 2,400.
I ened up with a 1 pay lease which dropped the money factor from about 4% apr to 2%. The original money factor quote from my dealer was higher than 4% and the dealer was only making ~$200 on the 4% , therefore I think the 4% is the bottom on a 27 month lease.
If you do a search on cars.com these are listed link title and the money factor is much higher than my dealer charger.
My advice to you is to NOT lease an SRT8. Once you go to the dealer you will find out it is NOT the cheapest and it will not change your payment by much rather than purchasing.
There are a lot of low mileage (under 5k) used SRT8's that have already paid the gas guzzler tax and are about $35k fully loaded. With gas at $4 a gallon some people are looking to unload their gas guzzlers "cheap"I would look used and find your own financing. Car loans are under 5% now at most credit unions.
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Looking through this thread, it looks like the Charger RT money factor and residual were .00189 and 52% back in February for a 36 month lease with 10,500 miles per year. Have these numbers changed at all? I am in Central FL and thinking about working out a deal for an RT this month.
Thanks!!
I am looking at a pretty well optioned 2008 R/T AWD. Do you have residuals and money factors for a 36 month/12,000 mile lease?
Also, what do you think of the $2.99 gas offer on a vehicle such as this vs. rebates, which I think are $3,000-$4,000 right now?
Thanks!
I'm new to the forum, it's a great site!
I’ve admired the Charger since it came out, and I think I’m ready to pull the trigger on one.
Here is the lease deal I was offered:
2008 Dodge Charger RT AWD
Black/Dark Slate
Fully loaded - Package 29P, DVD-My Gig, rear seat entertain, HID, sunroof, basically the whole shebang.
MSRP: $40,345
Selling Price: $38,253
less $3,000 from Dodge
Final selling price: $35,253
36 months
51% resid
.00206 money factor
Down payment: $2500
Out the door payment, including 8.39% NY tax, all dealer fees, DMV fees, tire waste fees, etc. = $544.00 per month.
Off hand it seems pretty good, but I would like to get another $700 off which would get it down to $525
Any thoughts?
How many miles a year is your lease?
You will be paying almost $600/ mo to lease this Charger. You might be able to lease an SRT8 for that price. My car stickered for $37,875 R/T with R pkg, moonroof and P pkg. My 27 month lease is significantly lower, but I also qualified for lease loyalty an EP pricing.
This website keeps messing with the link so just go to the chargerforums in the cars for sale section to see what I am referring to
There aren't too many people willing to buy fully loaded V-8's right now from what I've seen.
Thanks
Ivan
Customer Pref Pkg 29P
Protection Group
MyGIG w/out Nav
MSRP: 36,515
Cap Cost: 32,515 (w/emp disc)
Cap Reducts: 4,500 (3k natl incen, 500 rgnl incen, 1k lease loylt)
Net Cap: 31,377 (incl tax,title,lic,doc)
Resid: 52%
MF: 0.00206
Term: 36 mos
Mileage: 10,500
No money down, waived payment until July.
Mthly $$$: 449
It all boils down to how much you drive and how high gas prices go. Based on today's national average of $4.02 for 87 octane, 2,000 gallons of gas would be $8,040.00. Your price is $2.99/gallon for a total of $5,980.00. The net savings under the program would be $2,060.00. Of course, as gas prices fluctuate so does the value of the incentive.
There is also $1,000 bonus cash under the gas incentive, so the full current value of the incentive is $3,060...$60 more than the $3,000 cash back incentive.
Would you rather pay more for the vehicle and get subsidized gas for 12,000 miles per year, or would you rather pay less for the vehicle upfront and gamble on where gas goes?
Also keep in mind that the gas incentive has certain windows each year. The "years" end every 7/31, so year 1 ends on 7/31/09, year 2 ends 7/31/10, and year 3 ends 7/31/11. If you don't use all of the 666 allotted gallons each year you forfeit the remainder and they don't roll over. In that case, you wouldn't be using the full incentive.
Quick math assuming $4.02 gas, and sticker price of $40,000
Gas incentive:
$40,000 sticker
$38,000 negotiated price
minus $1,000 let's refuel bonus cash
= $37,000 purchase price
plus $5,980 your cost for 2,000 gallons of "discounted" gas
= $42,980 total
Regular incentive:
$40,000 sticker
$38,000 negotiated price
minus $3,000 cash back
=$35,000 purchase price
plus $8,040 (2,000 gallons of $4.02 gas)
= $43,040 total
You are saving $60 with the gas incentive based on today's gas price. The higher gas goes, the more you will save with the gas incentive. If you decide to run mid-grade or premium in your Hemi, the regular cash back incentive will ultimately be the better deal.
If you finance the purchase, finance charges will be higher on the gas incentive deal as opposed to the standard cash back deal. Based on a 5% loan rate, the cash back deal actually becomes $200 or so less when you add in 36mo worth of finance charges.
Personally, I would rather pay less for the vehicle upfront and take a risk with the price of gas. From what I have read, $4.00 - $5.00 gas is to be expected until at least 2010, and even if it does go down it will never go back much below $3.75.
Now, if we have a bad hurricane season (God forbid) and gas hits $6.00 per gallon like they say it could under certain circumstances, the gas incentive would really pay off.
At the end of the day, it is purely a gamble.
This is the reason I choose up-front cash incentives.
Another thing to note is that this gas card is not tied to any particular vehicle. You could use it for another vehicle that uses regular octane, or a boat, or a lawn mower.
Car_man
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First, thanks for the all of the assistance in this past; this board has saved me quite a bit of money on leases over the last few years.
I'm working on a new lease on a Charger R/T Max (there is a heck of a deal for anyone who is a USAA member right now), but I'm getting very different answers from dealers on MF and residuals. Can you confirm what they really are? Looking at 3 years, 10k per year.
Thanks in advance!
Ally's current base lease rate and residual value for a 36-month lease of a 2012 Dodge Charger R/T Max with 10,000 miles per year are 2.5% and 55%, respectively.
I believe that there's a $1,000 cash incentive on leases of this car right now. Make sure to take it into account during your negotiations.
Car_man
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MSRP: $38,640 (R/T Max, red, sunroof, spoiler)
Negotiated sales price: $36,621
Rebates: 4500
Taxes, fees: 1200 ish
APR: 2.5
Residual: 54
12k miles per year, 36 months
If I wasn't in the middle of a 200 lease, I might have flown out to grab that.
Unbelievable.