Hellcat Residual Value

Discussion in 'SRT Hellcat General Discussions' started by black06srt8, Apr 8, 2015.

  1. black06srt8

    black06srt8 Hellcat Member

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    So question i have a 06 Srt8 jeep 670HP love it but want something RWD in about a year or so and a warranty even though i will probably still void it, but anyways wondering what you think they will be worth in a year or 2 i know our SRT's hold value pretty good just wondering some guys maybe know off hand
     
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  2. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Just FYI....My dealer is leasing a HC to someone for 4 years. At the end of the lease, the residual value is estimated to be at 61%. Anyone here want to take a chance on this one in 4 yrs?...riddin' hard and put away wet most likely.
     
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  3. black06srt8

    black06srt8 Hellcat Member

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    thats not bad at all so $38,000 estimated in 4 years i just want it to be 48-52 in a year or so
     
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  4. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Not bad at all. When he looked up the lease residual info, we both though that it would be lower...below 50% and we were surprised it was as high...61%...as it was.
     
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  5. Hellcat15

    Hellcat15 Silver Member

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    So what kind of a payment would that translate to? Never leased so I'm not even sure if it's worth it, cost,etc.
     
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  6. black06srt8

    black06srt8 Hellcat Member

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    not to get personal but what were the numbers for leasing if their making a HC next year also if im not mistaken certain amount every year what was the down payment and monthly not to get to personal if you dont mind
     
  7. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Don't know. I know that they were asking 10K over so that gets added to the mix.I leased a car once...never again. 97' Toy Avalon. 4 yrs. When I went to turn it in, I had someone come out and look at it and she said looks good to her. It had a few blemishes which I say constituted normal wear and tear. Under the mileage limit, etc. Gave them the keys and off I went. 3 weeks later got a bill for $2100 to fix the car. I called them and said, $2100 to fix what? Your person said it looked good and how do I know what happened to it after I dropped it off. Lets do an inspection together. They said car already auctioned off. Never paid them a cent, but they did ding my credit for 7 years. What a scam...I WILL NEVER, EVER lease another car!!
     
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  8. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Black... it wasn't me so don't have particulars...just a general conversation with my dealer contact. But we can all imagine what shape it will be in. I would pass on this used HC.
     
  9. hellcat1

    hellcat1 Gold Member

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    I leased my 300, we did an inspection when I turned it in,, they said it was the cleaned turn in they ever seen...
     
  10. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Thats what I thought the girl and I were doing. Then, after getting the fix bill, they said upon further inspection by "the guys in the back" determined some issues present. If anyone ever does a lease, make sure when you turn it in at the end, that you get all issues signed off on in writing before leaving. Some folks will cave and pay it. Funny thing was is that they asked me..."if you don't want to pay $2100,how much would you be willing to pay? Classic shake down. It was some auto auction place in Mira Loma, CA near the 60 and 15 fwys.
     
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  11. Carnage

    Carnage SRT Hellcat Supercharged Moderator Staff Member Hellcat Car Club Gold Supporting Member HCC Charter Member

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    wow sorry this happened to you. They always make it seem like leasing is such a great deal but in reality there's so many "renting with responsibilities" strings tied to it and i'm glad i never lease.
     
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  12. Carnage

    Carnage SRT Hellcat Supercharged Moderator Staff Member Hellcat Car Club Gold Supporting Member HCC Charter Member

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    i'm almost pretty sure they weren't able to get much for the auction as they had hoped so they tried to stiff you with some extra fees that werent suppose to be there in the first place. sorry to hear :(
     
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  13. black06srt8

    black06srt8 Hellcat Member

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    I work as a sales consultant at a dealership i know how it is, i would end up buying it in the end just to keep my payments down for first few years so what did the monthly payment end up being and down payment
     
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  14. Snappycat

    Snappycat SRT Hellcat Moderator Staff Member

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    Correct...you are "renting" a car for the leases duration.Fortunately, it is now off my credit report/rating, but it took 7 years from 2001to 2008. Only ding ever on my credit score. Now back to normal, but crap, what a bunch of d!ck$.....
     
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  15. Hellcat15

    Hellcat15 Silver Member

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    Hopefully someone with a positive leasing experience will chime in! Lol.
    Can't be all gloom and doom to go this route.
     
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