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2016 Dodge Charger Lease Questions

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Comments

  • MichaellMichaell ColoradoPosts: 117,467

    Can you provide money factor and residual for 2016 Charger R/T 12k 36 months in PA 18411? Also, would plus group make any difference?

    thanks,

    .00042 and 60%.

    Individuals packages and options to not change the numbers.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    Hi. Can you please provide money factor and residual for R/T in NY 11590? And how likely is it that a dealer would be willing to lower price on a $39k R/T? Thank you. 
  • klnmcmgklnmcmg Posts: 110
    MF and RV for SXT RWD in NC? 36/12
  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    gpapz125 said:

    Hi. Can you please provide money factor and residual for R/T in NY 11590? And how likely is it that a dealer would be willing to lower price on a $39k R/T? Thank you. 

    .00042 MF and 58% residual for 36 mo, 15K/yr

    No idea on pricing.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    klnmcmg said:

    MF and RV for SXT RWD in NC? 36/12

    .00006 MF and 56% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Hi.  MF and residual for AZ on a R/T Road and Track?  Thank you!!
  • MichaellMichaell ColoradoPosts: 117,467

    Hi.  MF and residual for AZ on a R/T Road and Track?  Thank you!!

    What lease term and how many miles per year?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • benji123benji123 Posts: 89
    Hi. MF and residual % for R/T Road and Track in Southern California please. 36 months. Lowest miles per year offered.
  • MichaellMichaell ColoradoPosts: 117,467
    benji123 said:

    Hi. MF and residual % for R/T Road and Track in Southern California please. 36 months. Lowest miles per year offered.

    .00042 and 61% for 36/10

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Michaell said:

    Hi.  MF and residual for AZ on a R/T Road and Track?  Thank you!!

    What lease term and how many miles per year?
    Sorry. Can I see?:

    24mo / 10K
    36mo / 10K
    36mo / 12K

    Thanks guys!!!
  • MichaellMichaell ColoradoPosts: 117,467

    Michaell said:

    Hi.  MF and residual for AZ on a R/T Road and Track?  Thank you!!

    What lease term and how many miles per year?
    Sorry. Can I see?:

    24mo / 10K
    36mo / 10K
    36mo / 12K

    Thanks guys!!!
    24/10 - .00008 and 66%
    36/12 - .00042 and 60%. Add 1% for 10K

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    edited April 2016
    Went into dealership and got a couple offers on R/T and Scatpack...

    RT:
    MSRP - $40,165
    Selling Price - $38,2XX
    After Rebates and affiliate discount (1% under invoice) - $34,749
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing.
    Monthly Payment - $327

    Scatpack:
    MSRP - $41,985
    Selling Price - $39,935
    After Rebates and affiliate discount (1% under invoice) - $38,935
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing.
    Monthly Payment - $351

    Would like to here you opinions on these offers.
  • MichaellMichaell ColoradoPosts: 117,467
    wh
    gpapz125 said:

    Went into dealership and got a couple offers on R/T and Scatpack...

    RT:
    MSRP - $40,165
    Selling Price - $38,2XX
    After Rebates and affiliate discount (1% under invoice) - $34,749
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing.
    Monthly Payment - $327

    Scatpack:
    MSRP - $41,985
    Selling Price - $39,935
    After Rebates and affiliate discount (1% under invoice) - $38,935
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing.
    Monthly Payment - $351

    Would like to here you opinions on these offers.

    What lease term and how many miles per year?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    Michaell said:
    wh
    Went into dealership and got a couple offers on R/T and Scatpack... RT: MSRP - $40,165 Selling Price - $38,2XX After Rebates and affiliate discount (1% under invoice) - $34,749 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing. Monthly Payment - $327 Scatpack: MSRP - $41,985 Selling Price - $39,935 After Rebates and affiliate discount (1% under invoice) - $38,935 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing. Monthly Payment - $351 Would like to here you opinions on these offers.
    What lease term and how many miles per year?
    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 

  • kyfdxkyfdx Everywhere, USAPosts: 126,124
    gpapz125 said:


    Michaell said:

    wh
    gpapz125 said:

    Went into dealership and got a couple offers on R/T and Scatpack...

    RT:
    MSRP - $40,165
    Selling Price - $38,2XX
    After Rebates and affiliate discount (1% under invoice) - $34,749
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing.
    Monthly Payment - $327

    Scatpack:
    MSRP - $41,985
    Selling Price - $39,935
    After Rebates and affiliate discount (1% under invoice) - $38,935
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing.
    Monthly Payment - $351

    Would like to here you opinions on these offers.

    What lease term and how many miles per year?

    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 



    Those deals look good!

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 117,467
    gpapz125 said:


    Michaell said:

    wh
    gpapz125 said:

    Went into dealership and got a couple offers on R/T and Scatpack...

    RT:
    MSRP - $40,165
    Selling Price - $38,2XX
    After Rebates and affiliate discount (1% under invoice) - $34,749
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing.
    Monthly Payment - $327

    Scatpack:
    MSRP - $41,985
    Selling Price - $39,935
    After Rebates and affiliate discount (1% under invoice) - $38,935
    Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing.
    Monthly Payment - $351

    Would like to here you opinions on these offers.

    What lease term and how many miles per year?

    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 



    RT .00042 and 59% $308/mo with your prices
    Scat Pack approx .00200 and 67% $434/mo with your prices

    Get the adjusted cap cost - that should identify the discrepancies.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • I'm not sure what to do here.
    I'm looking at a 2016 Charger ScatPack.

    MSRP $46865
    Employee Price is ~$42300 IIRC

    They're quoting me anywhere from $500-620 a month with $2000 up front.

    Are they just trying to screw me or what? I asked for a sales order or a written up lease agreement to see where the money is going.. I'm at a loss. I went in expecting to pay 350-425 a month and was blasted with $500+ quotes.

    Residual is 65% and standard MF which equals ~4.5% right?

    And to boot I was offered an "Ally Smart Lease" where the residual was 71% and interest was 8%.. He said that was the better deal over the Dodge numbers. My calculations showed them being relatively close and I didn't have a preference nor did I care.

    The numbers just don't make sense from them.. I LOVE the car but can't justify $500+ a month.
  • MichaellMichaell ColoradoPosts: 117,467

    I'm not sure what to do here.
    I'm looking at a 2016 Charger ScatPack.

    MSRP $46865
    Employee Price is ~$42300 IIRC

    They're quoting me anywhere from $500-620 a month with $2000 up front.

    Are they just trying to screw me or what? I asked for a sales order or a written up lease agreement to see where the money is going.. I'm at a loss. I went in expecting to pay 350-425 a month and was blasted with $500+ quotes.

    Residual is 65% and standard MF which equals ~4.5% right?

    And to boot I was offered an "Ally Smart Lease" where the residual was 71% and interest was 8%.. He said that was the better deal over the Dodge numbers. My calculations showed them being relatively close and I didn't have a preference nor did I care.

    The numbers just don't make sense from them.. I LOVE the car but can't justify $500+ a month.

    These aren't inexpensive to lease.

    However, the one thing you don't mention is the lease term and miles per year.

    The Ally lease usually has incentives that attach to it, which would lower the adjusted cap cost.

    I would confirm the adjusted cap cost, then we can run some numbers and see what's what.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mark_masonmark_mason Posts: 15
    edited April 2016
    Michaell said:

    I'm not sure what to do here.
    I'm looking at a 2016 Charger ScatPack.

    MSRP $46865
    Employee Price is ~$42300 IIRC

    They're quoting me anywhere from $500-620 a month with $2000 up front.

    Are they just trying to screw me or what? I asked for a sales order or a written up lease agreement to see where the money is going.. I'm at a loss. I went in expecting to pay 350-425 a month and was blasted with $500+ quotes.

    Residual is 65% and standard MF which equals ~4.5% right?

    And to boot I was offered an "Ally Smart Lease" where the residual was 71% and interest was 8%.. He said that was the better deal over the Dodge numbers. My calculations showed them being relatively close and I didn't have a preference nor did I care.

    The numbers just don't make sense from them.. I LOVE the car but can't justify $500+ a month.

    These aren't inexpensive to lease.

    However, the one thing you don't mention is the lease term and miles per year.

    The Ally lease usually has incentives that attach to it, which would lower the adjusted cap cost.

    I would confirm the adjusted cap cost, then we can run some numbers and see what's what.
    I was told there's no incentives on these from Dodge or Ally. Just what I listed, My EP, an Ally residual of 71% and an Ally Interest rate of 8%.

    Suggested Ally was the better route than a Dodge Lease due to the much higher residual(71% vs Dodge's 65%) even with the nearly doubled interest rate.

    I'm giving them a trade-in, My current Jeep GC, that I am SIGNIFICANTLY into positive equity with and should knock out all of the applicable sales tax.

    I'm trying to get all the numbers from them but they seem to hide them and don't want to give them to me, So I'm tempted to move on toward the cheaper quotes. I was expecting to be in the $400-450 range, I'm trading in to avoid the Sales Tax, I have Employee Pricing, and I'm putting down an additional $2000.

    Looking at 36/12 leases.
  • MichaellMichaell ColoradoPosts: 117,467

    Michaell said:

    I'm not sure what to do here.
    I'm looking at a 2016 Charger ScatPack.

    MSRP $46865
    Employee Price is ~$42300 IIRC

    They're quoting me anywhere from $500-620 a month with $2000 up front.

    Are they just trying to screw me or what? I asked for a sales order or a written up lease agreement to see where the money is going.. I'm at a loss. I went in expecting to pay 350-425 a month and was blasted with $500+ quotes.

    Residual is 65% and standard MF which equals ~4.5% right?

    And to boot I was offered an "Ally Smart Lease" where the residual was 71% and interest was 8%.. He said that was the better deal over the Dodge numbers. My calculations showed them being relatively close and I didn't have a preference nor did I care.

    The numbers just don't make sense from them.. I LOVE the car but can't justify $500+ a month.

    These aren't inexpensive to lease.

    However, the one thing you don't mention is the lease term and miles per year.

    The Ally lease usually has incentives that attach to it, which would lower the adjusted cap cost.

    I would confirm the adjusted cap cost, then we can run some numbers and see what's what.
    I was told there's no incentives on these from Dodge or Ally. Just what I listed, My EP, an Ally residual of 71% and an Ally Interest rate of 8%.

    Suggested Ally was the better route than a Dodge Lease due to the much higher residual(71% vs Dodge's 65%) even with the nearly doubled interest rate.

    I'm giving them a trade-in, My current Jeep GC, that I am SIGNIFICANTLY into positive equity with and should knock out all of the applicable sales tax.

    I'm trying to get all the numbers from them but they seem to hide them and don't want to give them to me, So I'm tempted to move on toward the cheaper quotes. I was expecting to be in the $400-450 range, I'm trading in to avoid the Sales Tax, I have Employee Pricing, and I'm putting down an additional $2000.

    Looking at 36/12 leases.
    Let's reset.

    36/12 on the 2016 Charger ScatPack is standard MF (around .00200, but we don't know the exact number) and 66%.

    Using your prices of $46,865 MSRP and $43,200 cap cost, that translates into a payment of $489/mo before tax. If you are paying the tax and fees up front, that should be your payment. If the dealer is quoting you a higher number, then the cap cost must be higher.

    If we use the Ally numbers of 71% residual and .00333 MF (8%), then the payment is $530/mo.

    Avoid the Ally lease - the higher MF more than offsets the higher residual.

    One last point - we do not recommend using trade equity to reduce the cap cost. Use it for up front taxes and fees, but have the dealer cut you a check for the balance. If the new car is stolen or totaled, you lose that money.

    To get to the $400-450 payment, you'd have to put money (or trade equity) down - which, as noted, we don't recommend.

    For what it's worth, $489/mo is a pretty good lease payment on a $47K car.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Understood. I was taking the addition equity in a check, not applying it to the lease.(Except the additional $2000 I mentioned)

    ONE dealer quoted me $500/mo but that's with an additional $2000 up front. So like I had anticipated, NOTHING up front, my lease should be $489, and with the additional $2000 down I SHOULD be right where I want to be, low-to-mid $400 range?

    I understand that the money is lost, and was only doing that to get me to an artificially lower payment, but while rethinking it, I'd rather keep the $2000.

    I'm ready to go into combat with the dealer and hash it out, I want this car.
  • MichaellMichaell ColoradoPosts: 117,467

    Understood. I was taking the addition equity in a check, not applying it to the lease.(Except the additional $2000 I mentioned)

    ONE dealer quoted me $500/mo but that's with an additional $2000 up front. So like I had anticipated, NOTHING up front, my lease should be $489, and with the additional $2000 down I SHOULD be right where I want to be, low-to-mid $400 range?

    I understand that the money is lost, and was only doing that to get me to an artificially lower payment, but while rethinking it, I'd rather keep the $2000.

    I'm ready to go into combat with the dealer and hash it out, I want this car.

    If the $2000 goes to cap reduction, the payment would drop about $55-60/mo. There are still up front costs to consider, as well - acquisition fee, bank fee, license or DMV costs, first month's payment.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • gpapz125gpapz125 Posts: 34
    edited April 2016
    Michaell said:
    Michaell said:
    wh
    Went into dealership and got a couple offers on R/T and Scatpack... RT: MSRP - $40,165 Selling Price - $38,2XX After Rebates and affiliate discount (1% under invoice) - $34,749 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing. Monthly Payment - $327 Scatpack: MSRP - $41,985 Selling Price - $39,935 After Rebates and affiliate discount (1% under invoice) - $38,935 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing. Monthly Payment - $351 Would like to here you opinions on these offers.
    What lease term and how many miles per year?
    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 

    RT .00042 and 59% $308/mo with your prices Scat Pack approx .00200 and 67% $434/mo with your prices Get the adjusted cap cost - that should identify the discrepancies.

    Michaell said:
    Michaell said:
    wh
    Went into dealership and got a couple offers on R/T and Scatpack... RT: MSRP - $40,165 Selling Price - $38,2XX After Rebates and affiliate discount (1% under invoice) - $34,749 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing. Monthly Payment - $327 Scatpack: MSRP - $41,985 Selling Price - $39,935 After Rebates and affiliate discount (1% under invoice) - $38,935 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing. Monthly Payment - $351 Would like to here you opinions on these offers.
    What lease term and how many miles per year?
    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 

    RT .00042 and 59% $308/mo with your prices Scat Pack approx .00200 and 67% $434/mo with your prices Get the adjusted cap cost - that should identify the discrepancies.
    Difference in money factor there. For the RT they quoted me .00110
  • gpapz125gpapz125 Posts: 34
    edited April 2016
    gpapz125 said:
    Michaell said:
    Michaell said:
    wh
    Went into dealership and got a couple offers on R/T and Scatpack... RT: MSRP - $40,165 Selling Price - $38,2XX After Rebates and affiliate discount (1% under invoice) - $34,749 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing. Monthly Payment - $327 Scatpack: MSRP - $41,985 Selling Price - $39,935 After Rebates and affiliate discount (1% under invoice) - $38,935 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing. Monthly Payment - $351 Would like to here you opinions on these offers.
    What lease term and how many miles per year?
    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 

    RT .00042 and 59% $308/mo with your prices Scat Pack approx .00200 and 67% $434/mo with your prices Get the adjusted cap cost - that should identify the discrepancies.

    Michaell said:
    Michaell said:
    wh
    Went into dealership and got a couple offers on R/T and Scatpack... RT: MSRP - $40,165 Selling Price - $38,2XX After Rebates and affiliate discount (1% under invoice) - $34,749 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $3,134 due at signing. Monthly Payment - $327 Scatpack: MSRP - $41,985 Selling Price - $39,935 After Rebates and affiliate discount (1% under invoice) - $38,935 Due at signing - Taxes paid upfront. All fees paid upfront. $0 down. Total of $2,930 due at signing. Monthly Payment - $351 Would like to here you opinions on these offers.
    What lease term and how many miles per year?
    Forgot to mention that.
    RT 39months 10kmiles. 
    Scat 36months 10kmiles. 

    Dont need more than that. Surprised they actually have a 10k mile lease term. 

    RT .00042 and 59% $308/mo with your prices Scat Pack approx .00200 and 67% $434/mo with your prices Get the adjusted cap cost - that should identify the discrepancies.
    Difference in money factor there. They quoted me .00110
  • Are you saying they offered you a SP lease for $351 a month with $3k up front? If so, where? I'm taking a trip to pick up that car.
  • gpapz125gpapz125 Posts: 34
    Are you saying they offered you a SP lease for $351 a month with $3k up front? If so, where? I'm taking a trip to pick up that car.
    Yes. But I had no add ons. Plus the affiliates discount through the company I work for. So the car was around $39k
  • I've got employee pricing and can't come anywhere near that.. The cars I'm looking at are sticked around $44-46 though.
  • gpapz125gpapz125 Posts: 34

    I've got employee pricing and can't come anywhere near that.. The cars I'm looking at are sticked around $44-46 though.

    Residual for Scat is about 70% most of the time. $5k is big difference. Your payments should be about $496/month assuming taxes and fees paid up front. And thats not calculating employee pricing. How much is employee pricing discount?
  • MichaellMichaell ColoradoPosts: 117,467
    gpapz125 said:

    I've got employee pricing and can't come anywhere near that.. The cars I'm looking at are sticked around $44-46 though.

    Residual for Scat is about 70% most of the time. $5k is big difference. Your payments should be about $496/month assuming taxes and fees paid up front. And thats not calculating employee pricing. How much is employee pricing discount?
    $5K over 36 months is $139/mo difference, before tax.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • benji123benji123 Posts: 89
    Michaell said:

    benji123 said:

    Hi. MF and residual % for R/T Road and Track in Southern California please. 36 months. Lowest miles per year offered.

    .00042 and 61% for 36/10
    For 10K miles, which term length has the best MF? 24 months?
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