Kansas Dodge Car Dealers

The residuals have tanked and that is why these are so expensive to lease now. It is crazy. New incentives and lease rates should be out tomorrow. Maybe things will get better on the cash back for returning lessee front.

Car Man: Can you give me the money factor and residual for a Durango Limited 4WD with 12000 miles per year for 36 months?

I found that the residual for a 2007 Magnum RT RWD on a 36 month lease with 12,000 miles a year is 42%. The residual for a 24 month lease on a leftover 2006 is 36% for an essentially 3 year old car at lease end. So, with mine being 52% for a 15,000 mile/yr lease I should be able to get them down hopefully below 40%. If I can do that, I will probably buy the car as it would make the overall lease then buy deal better than it would have been to buy it new in 2004 and finance. I had that happen on a 2 year lease on a 1998 Dodge Ram pickup. Leased it for 2 years with a incredible low monthly payment then got them down $4000 on the residual so I bought it then. My lease is not up until October so I will start communicating with them in August if I do not hear from them by then.

Car Man: I leased a 2005 Magnum RT back in October of 2004 for 3 years, 15,000 miles per year. It looks like now the residuals on this car are in the toilet. My question to you is "How do I get Chrysler Financial to reduce the end of lease sale price if I want to buy the car?" The lease residual in my lease is about 52%. I might want to buy the car off lease if I can get them to sell it below the lease residual value. Any comments and advice would be greatly appreciated. I love the car.