HellCat Lease Deals

Discussion in 'SRT Hellcat Purchasing' started by desibaba, Jan 23, 2016.

  1. desibaba

    desibaba Rookie

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    Hi guys. I never buy my cars and I mostly lease european cars mainly Mercedes. I was really interested in the Corvette but it was a huge disappointment when I realized that they dont lease out well at all and I would be paying 1100 a month with 1500 down for a 15k miles a year, 3 year lease if I want the maintenance included on a BASE Stingray. In retrospect I can lease a $75k Mercedes CLS for $750 a month with only $1k down. How are the Challenger and Charger Hellcat leases like if I put down $1k, wanted 15k miles a year for a 3 year lease with maintenance included??? Thanks. Buying is simply out of the question for me.
     
  2. BULL

    BULL ________173.7mph_______ ___2016 Colorado Mile___ Gold Supporting Member

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    $1K down on a $70K car for a lease???

    Seriously???
     
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  3. desibaba

    desibaba Rookie

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    The CLS is a $75k car and yes thats with $1k down. I work in the car business. I never recommend putting down more than the first month's payment and tag fees on a lease. Why? If its totalled or stolen you just lost your downpayment. Financing is a different story.
     
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  4. BULL

    BULL ________173.7mph_______ ___2016 Colorado Mile___ Gold Supporting Member

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    Two things,

    I have only seen one other person reference a HC lease, point is they are rare and/or hard to come by... and the terms were much higher than you referred to. ..

    I also never lease, I've never owned a vehicle less than 12 years (one exception due horrific accident, vehicle totaled) so leases make zero sense to me...
     
  5. desibaba

    desibaba Rookie

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    Not me. I NEVER want to be in a car for more than 2-3 years and I usually drive BMW, Mercedes or Audi so leases are perfect for me. I guess I wont be getting a domestic then.
     
  6. Senderofan

    Senderofan Track in, Apex, Track out and Repeat! Hellcat Car Club Gold Supporting Member HCC Charter Member

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    There was a thread on this site recently....where a guy was putting together a lease. I'm unable to locate it presently. But, he was looking at $14K down and $1400 a month. He wanted a deal for $11K down and $1100 a month but for some reason there were added fees / taxes. Not sure this helps you in your search to lease a hellcat. It seems that these are not an easy vehicle to lease.
     
  7. m5biemer

    m5biemer Silver Member

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    I was recently looking at leasing and posted some info earlier this month regarding monthly payment, residual, money factor, monthly payment. PM me if you'd like more info.
     
  8. SRT_HC_707

    SRT_HC_707 SRT_HC_707 Staff Member

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    Why do you say that? It's never a good idea to put money down on a lease. The less down the better (lease wise). It's all about the money factor, term and residual on the lease....
     
  9. SRT_HC_707

    SRT_HC_707 SRT_HC_707 Staff Member

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    Get a Honda the residuals are outstanding!!!!! LOL
     
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  10. m5biemer

    m5biemer Silver Member

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    Can't argue with that, wild card would be if you use for business and your effective tax rate is pretty high, that will help absorb the additional costs that come with leasing. As I am a business owner, I was more interested in leasing, especially as I change cars frequently, although I haven't actually decided to lease yet.
     
  11. VSTcat

    VSTcat Senior Hellcat Member

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    Leasing is actually very affordable for the hellcat, due to the high residual amount (64% - 36 month lease - 10K miles/year). for those who want the math, here it is (let's assume the car price is $71K, Tax rate is 6% and interest rate is 4%:
    Price: 71000
    Residual: 45440 (Residual rate x Price)
    Monthly Depreciation: 710 ((Price-Residual)/Lease term)
    Monthly Interest: 194.07 (Money factor*(Price+Residual)) -- Money Factor is interest rate *2400.
    Lease Payment: 704.07 (Monthly Depreciation + Monthly Interest)
    Tax: 54.24 (Lease payment * tax rate)
    Lease payment including tax: 958.31

    Hope this helps anybody who wants to lease and not get screwed over.
     
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  12. m5biemer

    m5biemer Silver Member

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    I was only getting 58% residual, money factor .00193, my monthly payment varied with the down payment.
     
  13. 1BDHCAT

    1BDHCAT Silver Member

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    Pay cash!! No residual and no payments!! Own the cat forever!! That's what I did!!
     
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  14. BULL

    BULL ________173.7mph_______ ___2016 Colorado Mile___ Gold Supporting Member

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    I supposed I should have qualified this statement to include the words "Hellcat"

    (i.e., drag-raced mercilessly during a two year lease and then turned in with "low-miles",)

    'Not your typical sedan lease...

    Regardless, I still think leases are horrifically terrible things and should be outlawed... I've never personally known anyone to not get completely SCREWED at the end of a lease...
     
  15. 1BDHCAT

    1BDHCAT Silver Member

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    I agree bull!! Just another way for these a$$holes to make more money off us working Americans. I have never and will never lease anything!
     

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