2016 Dodge Challenger Lease Questions

Michaell · February 2017

Ulare said:
Could I get numbers on SRT 392 36/12 in Florida zip 34209?

.00011 and 60%

jmill012 · February 2017

Can I get the numbers on a scat pack, 48/10? Zip 21102

Thanks!

kyfdx · February 2017

jmill012 said:
Can I get the numbers on a scat pack, 48/10? Zip 21102

Thanks!

Standard MF and 49% residual for 48/10

36/10: .00122 MF and 57% residual

ariazad · February 2017

Can I please have the current Challenger Hellcat 2016 36/10K MF and RV for Massachusetts?

ariazad · February 2017

Is it still 64% and .00007? What are the FICO requirements for that MF?

Michaell · February 2017

ariazad said:
Is it still 64% and .00007? What are the FICO requirements for that MF?

Those numbers are still correct.

We don't have the scores necessary to qualify for that MF.

tritus1391 · February 2017

Can I please have the current Challenger Hellcat 2016 36/12K MF and RV. Zip 43054.

kyfdx · February 2017

tritus1391 said:
Can I please have the current Challenger Hellcat 2016 36/12K MF and RV. Zip 43054.

43054? You aren't Leslie Wexner, are you?

.00007 MF and 63% residual

tritus1391 · February 2017

kyfdx said:

tritus1391 said:
Can I please have the current Challenger Hellcat 2016 36/12K MF and RV. Zip 43054.
43054? You aren't Leslie Wexner, are you?

.00007 MF and 63% residual

No but I work for him

. He just picked up a new Bentayga I don't think MF was an issue lol.

Thank you Sir!

I was quoted %.0007 for the money factor and they mentioned there was no markup on it...

kyfdx · February 2017

tritus1391 said:

kyfdx said:

tritus1391 said:
Can I please have the current Challenger Hellcat 2016 36/12K MF and RV. Zip 43054.
43054? You aren't Leslie Wexner, are you?

.00007 MF and 63% residual
No but I work for him . He just picked up a new Bentayga I don't think MF was an issue lol.

Thank you Sir!

I was quoted %.0007 for the money factor and they mentioned there was no markup on it...

I definitely show .00007.
The maximum markup on a Chrysler Capital lease is .00042, so if they actually show .00070, then it's possible that the number is different in your region (or, they just left out a zero).

lennyimpo · February 2017

Hello,

Can someone please provide me with the residual values and money factors for a Challenger Hellcat 36/10k and 36/12k zip code 08012.

Thanks

Michaell · February 2017

lennyimpo said:
Hello,

Can someone please provide me with the residual values and money factors for a Challenger Hellcat 36/10k and 36/12k zip code 08012.

Thanks

64% / 63% and .00007

plee7677 · February 2017

Looking at a 2016 Challenger Scat Pack Shaker 36/10 and here are the numbers they gave me for zip 60053:

MSRP: $50,865
Sale price: $45,000,
Additional Rebates: $3889
MF .00140
Residual 58%

$1,000 down $484.32/mo including tax title and doc fees ($2079.15 total)

I don't know enough about leases to feel confident I'm getting a good deal.

Any ideas where I can save some money?

Michaell · February 2017

plee7677 said:
Looking at a 2016 Challenger Scat Pack Shaker 36/10 and here are the numbers they gave me for zip 60053:

MSRP: $50,865
Sale price: $45,000,
Additional Rebates: $3889
MF .00140
Residual 58%

$1,000 down $484.32/mo including tax title and doc fees ($2079.15 total)

I don't know enough about leases to feel confident I'm getting a good deal.

Any ideas where I can save some money?

I show .00122 and 57% from Chrysler Finance. This looks like a third party lease.

I get $421/mo before tax using your numbers ($41,111 as the cap cost, after the rebate).

What state is this?

What is the adjusted cap cost?

What is the full breakdown of the $2079 due at signing.

The only variables in a lease are the selling price and the MF - but, since we don't have any numbers except for Chrysler, I can't tell you if the .00140 is marked up or not.

All that said, $484/mo on a $51K car is not bad, if the other details check out.

plee7677 · February 2017

Michaell said:

Looking at a 2016 Challenger Scat Pack Shaker 36/10 and here are the numbers they gave me for zip 60053:

MSRP: $50,865
Sale price: $45,000,
Additional Rebates: $3889
MF .00140
Residual 58%

$1,000 down $484.32/mo including tax title and doc fees ($2079.15 total)

I don't know enough about leases to feel confident I'm getting a good deal.

Any ideas where I can save some money?
I show .00122 and 57% from Chrysler Finance. This looks like a third party lease. I get $421/mo before tax using your numbers ($41,111 as the cap cost, after the rebate). What state is this? What is the adjusted cap cost? What is the full breakdown of the $2079 due at signing. The only variables in a lease are the selling price and the MF - but, since we don't have any numbers except for Chrysler, I can't tell you if the .00140 is marked up or not. All that said, $484/mo on a $51K car is not bad, if the other details check out.

Thanks for the response. This is in Illinois. Breakdown is $1686 in taxes, $221 govt fees, 172.15 doc fee. There's also a separate $595 lease acquisition fee.

Im unsure of how to calculate adjusted cap cost as it's not listed, but I would imagine it's 45000+2079.15-4889=$42190.15.

Sorry im not much help

plee7677 · February 2017

plee7677 said:

Michaell said:

Looking at a 2016 Challenger Scat Pack Shaker 36/10 and here are the numbers they gave me for zip 60053:

MSRP: $50,865
Sale price: $45,000,
Additional Rebates: $3889
MF .00140
Residual 58%

$1,000 down $484.32/mo including tax title and doc fees ($2079.15 total)

I don't know enough about leases to feel confident I'm getting a good deal.

Any ideas where I can save some money?
I show .00122 and 57% from Chrysler Finance. This looks like a third party lease. I get $421/mo before tax using your numbers ($41,111 as the cap cost, after the rebate). What state is this? What is the adjusted cap cost? What is the full breakdown of the $2079 due at signing. The only variables in a lease are the selling price and the MF - but, since we don't have any numbers except for Chrysler, I can't tell you if the .00140 is marked up or not. All that said, $484/mo on a $51K car is not bad, if the other details check out.

Thanks for the response. This is in Illinois. Breakdown is $1686 in taxes, $221 govt fees, 172.15 doc fee. There's also a separate $595 lease acquisition fee.

Im unsure of how to calculate adjusted cap cost as it's not listed, but I would imagine it's 45000+2079.15-4889=$42190.15.

Sorry im not much help

kyfdx · February 2017

That sheet is very helpful. Too bad you don't have the second sheet that shows the adjusted CAP cost and the payment, etc..

The way that is set up, you'd think that only the $1000 is due at signing.

In fact, if I add up all of the charges, taxes and fees, plus selling price, plus first payment, then subtract the $4889 working cash, I get $484/mo. (That's with just $1000 upfront)

abishekk · March 2017

Can i have MF and residual 2016 Challenger SCAT pack, 2016 Challenger SRT 392, and 2016 Challenger Hellcat. All 36 months and 10K miles per year

Thanks

kyfdx · March 2017

abishekk said:
Can i have MF and residual 2016 Challenger SCAT pack, 2016 Challenger SRT 392, and 2016 Challenger Hellcat. All 36 months and 10K miles per year

Thanks

R/T Scat Pack: .00183 MF and 61% residual
SRT 392: .00011 MF and 61% residual
Hellcat: .00007 MF and 64% residual

leepoffaith · March 2017

Could I get the March MF and residual on 2016 Challenger Scat Manual for 36 months 12k and 15k lease please? Im in Florida. Also, any info on lease cash would be great too. Thanks!

kyfdx · March 2017

leepoffaith said:
Could I get the March MF and residual on 2016 Challenger Scat Manual for 36 months 12k and 15k lease please? Im in Florida. Also, any info on lease cash would be great too. Thanks!

R/T Scat Pack: .00183 MF and 60%/58% residual

leepoffaith · March 2017

kyfdx said:

leepoffaith said:
Could I get the March MF and residual on 2016 Challenger Scat Manual for 36 months 12k and 15k lease please? Im in Florida. Also, any info on lease cash would be great too. Thanks!
R/T Scat Pack: .00183 MF and 60%/58% residual

Thank you very much for the crazy fast response! This is for 2016? Looks like the residuals went up from last month which is great!

Michaell · March 2017

leepoffaith said:

kyfdx said:

leepoffaith said:
Could I get the March MF and residual on 2016 Challenger Scat Manual for 36 months 12k and 15k lease please? Im in Florida. Also, any info on lease cash would be great too. Thanks!
R/T Scat Pack: .00183 MF and 60%/58% residual
Thank you very much for the crazy fast response! This is for 2016? Looks like the residuals went up from last month which is great!

Confirm these are the correct 2016 numbers

mgonz1990 · March 2017

Hi guys! Can I get the residual and MF for a 2016 Dodge Challenger Hellcat lease for 36 month @ 15k miles in South Florida? Thank you!!

Michaell · March 2017

mgonz1990 said:
Hi guys! Can I get the residual and MF for a 2016 Dodge Challenger Hellcat lease for 36 month @ 15k miles in South Florida? Thank you!!

.00007 and 61%

jay_c_nnj · March 2017

In the process of negotiating price on 2016 SRT. Everything was going well then I sent the dealer other listed vehicles at a much better price and asked if they could compete then I get this response.
"It's not possible to lease a 2016 anymore. They discontinued the leasing programs on majority of 2016 vehicles. Would you be interested in a 2017 or would you want to finance?"

is this legit or just bad sales tactic?

Michaell · March 2017

jay_c_nnj said:
In the process of negotiating price on 2016 SRT. Everything was going well then I sent the dealer other listed vehicles at a much better price and asked if they could compete then I get this response.
"It's not possible to lease a 2016 anymore. They discontinued the leasing programs on majority of 2016 vehicles. Would you be interested in a 2017 or would you want to finance?"

is this legit or just bad sales tactic?

Likely the latter. We have lease numbers on the 2016's. Check with another dealer - only takes one to meet your numbers.

jay_c_nnj · March 2017

That's what I told them. I've had offers from multiple dealers in the past few days all on 2016's. He says they're wrong it must be 2017. Told him to stop playing games and wasting my time.

Thanks for the quick reply Michaell!

1carcrazyguy · March 2017

Never leased before but looking to lease one of the following...36m/12k year..zip code 79016

2016 Scat Pack Shaker
2016 Charger Hellcat
2017 Challenger T/A 392

hope to have a deal sheet in hand today for review here.

kyfdx · March 2017

1carcrazyguy said:
Never leased before but looking to lease one of the following...36m/12k year..zip code 79016

2016 Scat Pack Shaker
2016 Charger Hellcat
2017 Challenger T/A 392

hope to have a deal sheet in hand today for review here.

2016 Scat Pack Shaker
.00183 MF and 58% residual
2016 Charger Hellcat
.00007 MF and 63% residual
2017 Challenger T/A 392
.00211 MF and 59% residual

1carcrazyguy · March 2017

Dealer is looking for a Challenger T/A in the region that is in transit. Apparently they say there are none in inventory within 300 miles. They were no where even close on the 2016 Hellcat. Wanted over sticker......

redls1 · March 2017

Im looking at this ,

48,755.00
Discount 500.00
Rebate 4,500.00
Adjusted Price 43,755.00
Wheel Locks 199.00
Total Purchase 43,954.00
Trade Allowance
Trade Difference 43,954.00
Doc Fee 599.00
Non Tax Fees 67.00
Net Price 44,620.00
Trade Payoff
Balance 44,620.00
The residual on 48 months at 12k/miles per year is 59% or $28,765. Money factor is .00150 I live in zipcode 37128. Is this decent?

Michaell · March 2017

redls1 said:
Im looking at this ,

48,755.00
Discount 500.00
Rebate 4,500.00
Adjusted Price 43,755.00
Wheel Locks 199.00
Total Purchase 43,954.00
Trade Allowance
Trade Difference 43,954.00
Doc Fee 599.00
Non Tax Fees 67.00
Net Price 44,620.00
Trade Payoff
Balance 44,620.00
The residual on 48 months at 12k/miles per year is 59% or $28,765. Money factor is .00150 I live in zipcode 37128. Is this decent?

Remind us what trim this is for?

redls1 · March 2017

2016 Dodge Challenger R/T Scat Pack Coupe,

R/T SCAT PACK 6.4L HEMI V8 Package 24G
Leather Interior Group $1,695
Suede/Nappa Leather High Performance Seats w/Logo
Heated Front Seats
Ventilated Front Seats
Heated Steering Wheel
Power Tilt / Telescope Steering Column
Hectic Mesh Interior Bezels
Driver Convenience Group $795
Blind Spot and Rear Cross Path Detection
Remote Start System
Universal Garage Door Opener
Harman Kardon® Premium Sound Group $1,595
18 Speakers Premium Audio System with 2 Subwoofer
Harman Kardon® GreenEdge® Amplifier
Scat Pack Appearance Group $1,195
Suede/Nappa Leather High Performance Seats
Premium Cloth High Performance Seats
Leather Performance Steering Wheel
Scat Pack Bumblebee Stripe
Satin Black Fuel Filler Door
High Intensity Discharge Headlamps
Gloss-Black Grille
TorqueFlite® 8-Speed Automatic Transmission $1,400
AutoStick® Automatic Transmission
Steering Wheel Paddle Shifters
Power Sunroof $1,195
Uconnect® 8.4 NAV $795
GPS Navigation
HD® Radio
SiriusXM Traffic / 5-Yr Traffic Subscription
SiriusXM Travel Link 5-Yr Travel Link Subscription
245/45ZR20 3-Season Performance Tires
20-Inch x 9-Inch Hyper Black II Forged Alum Wheels $1,095

Michaell · March 2017

redls1 said:
2016 Dodge Challenger R/T Scat Pack Coupe,

R/T SCAT PACK 6.4L HEMI V8 Package 24G
Leather Interior Group $1,695
Suede/Nappa Leather High Performance Seats w/Logo
Heated Front Seats
Ventilated Front Seats
Heated Steering Wheel
Power Tilt / Telescope Steering Column
Hectic Mesh Interior Bezels
Driver Convenience Group $795
Blind Spot and Rear Cross Path Detection
Remote Start System
Universal Garage Door Opener
Harman Kardon® Premium Sound Group $1,595
18 Speakers Premium Audio System with 2 Subwoofer
Harman Kardon® GreenEdge® Amplifier
Scat Pack Appearance Group $1,195
Suede/Nappa Leather High Performance Seats
Premium Cloth High Performance Seats
Leather Performance Steering Wheel
Scat Pack Bumblebee Stripe
Satin Black Fuel Filler Door
High Intensity Discharge Headlamps
Gloss-Black Grille
TorqueFlite® 8-Speed Automatic Transmission $1,400
AutoStick® Automatic Transmission
Steering Wheel Paddle Shifters
Power Sunroof $1,195
Uconnect® 8.4 NAV $795
GPS Navigation
HD® Radio
SiriusXM Traffic / 5-Yr Traffic Subscription
SiriusXM Travel Link 5-Yr Travel Link Subscription
245/45ZR20 3-Season Performance Tires
20-Inch x 9-Inch Hyper Black II Forged Alum Wheels $1,095

This looks like a third party lease - I show standard MF of .00270 and 52% from Chrysler Capital for 48/12.

With your numbers and prices, I get $440/mo before tax.

What payment is the dealer quoting you?

redls1 · March 2017

Was quoted $490 with taxes etc.

redls1 · March 2017

Is there anything wrong with third party lease?

Michaell · March 2017

redls1 said:
Is there anything wrong with third party lease?

3rd party lease companies don't expect repeat business, so you may get hit with higher than normal end of lease charges.

Michaell · March 2017

redls1 said:
Was quoted $490 with taxes etc.

I would confirm the adjusted cap cost the dealer is using to get that payment.

What state and tax rate is this?

redls1 · March 2017

This is what Im coming up with,

Sales tax will be collected on the purchase price of the vehicle less trade-in if any (net price).
Net price = (Purchase Price) minus trade-in.

Net Price Sales Tax Rates Marginal Rate Sales Tax Calculation
$0 to $1600 7% State Tax Rate + 2.25% county 9.25% (net price) * 9.25%
$1600 - $3200 7% State Tax Rate + 2.75% fixed rate 9.75% $148 + (net price - $1600) * 9.75%
above $3200 7% State Tax Rate 7.00% $304 + (net price - $3200) * 7.00%

Michaell · March 2017

redls1 said:
This is what Im coming up with,

Sales tax will be collected on the purchase price of the vehicle less trade-in if any (net price).
Net price = (Purchase Price) minus trade-in.

Net Price Sales Tax Rates Marginal Rate Sales Tax Calculation
$0 to $1600 7% State Tax Rate + 2.25% county 9.25% (net price) * 9.25%
$1600 - $3200 7% State Tax Rate + 2.75% fixed rate 9.75% $148 + (net price - $1600) * 9.75%
above $3200 7% State Tax Rate 7.00% $304 + (net price - $3200) * 7.00%

What state is this?

redls1 · March 2017

Adjusted cap cost is $45,900

Michaell · March 2017

redls1 said:
Adjusted cap cost is $45,900

That gives me a payment of $469/mo, before tax.

Assuming the tax rate is 9.25%, then the total payment is $512/mo

redls1 · March 2017

Hmm he said $490 with just first payment down. Talking to finance manager tomorrow. It was through US Bank with disposition fee of $400. I know a 48 month lease but if the numbers stay the same a decent deal?

Michaell · March 2017

redls1 said:
Hmm he said $490 with just first payment down. Talking to finance manager tomorrow. It was through US Bank with disposition fee of $400. I know a 48 month lease but if the numbers stay the same a decent deal?

If you're comfortable with the size of the discount from sticker, then everything else looks OK

redls1 · March 2017

On opinion what would be considered a reasonable discount or the best I could do?

Michaell · March 2017

redls1 said:
On opinion what would be considered a reasonable discount or the best I could do?

We don't track selling price - use the 'make / model / year' pull downs at the top of the screen to link to the price tools.

redls1 · March 2017

Im trying to do a lease worksheet to better understand the numbers and not sure how we are coming to a payment of this. Can you help? This is a dealership in Ky and I live in Tn and I was going to drive up there and do the deal and drive home. A dealer here said they could get the car for the same price and figured hey its better than driving. They said they couldnt come close to the numbers of $490 (or $512) for 48 months no money down 12k a year. Maybe they cant go through the same third party lease company but before I drive or fly all that way want to make sure the numbers are even possible and not get a surprise.

Michaell · March 2017

redls1 said:
Im trying to do a lease worksheet to better understand the numbers and not sure how we are coming to a payment of this. Can you help? This is a dealership in Ky and I live in Tn and I was going to drive up there and do the deal and drive home. A dealer here said they could get the car for the same price and figured hey its better than driving. They said they couldnt come close to the numbers of $490 (or $512) for 48 months no money down 12k a year. Maybe they cant go through the same third party lease company but before I drive or fly all that way want to make sure the numbers are even possible and not get a surprise.

This link should help:

https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

redls1 · March 2017

After redoing the worksheet it seems to come out to that. How are they rolling everything but first payment in? A local dealer wont touch it , is that because they would lose more money or not the same financing company?

2016 Dodge Challenger Lease Questions

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