Lease Quotes

Discussion in 'Dodge Challenger SRT 392' started by FloridaCharger, Jan 21, 2016.

  1. FloridaCharger

    FloridaCharger Rookie

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    My ordered SRT just arrived today. My question is, are these lease quotes reasonable?

    SRT 392 2016
    Granite
    Sunroof
    Laguna
    Red Seat Belts
    Harmon Kardon
    Delivery
    MSRP $56,970
    Quoted price $54,607

    Lease Quote:
    36 Months
    12k miles per year
    $941/mo including tax
    $1,500downpmt
     
    Last edited: Jan 21, 2016
  2. m5biemer

    m5biemer Silver Member

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    What's your down pymt? I was getting quote of $875 or so on $68k cost with about $9k down.
     
  3. FloridaCharger

    FloridaCharger Rookie

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    $1,500
     
  4. FarAwayFromHere

    FarAwayFromHere Gold Member

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    Wow,I Have never Leased but that seems like allot 36k
    12k per yr.
    No Offence to you But,
    Unless you can write it off as a business expense,
    What is the point?
    For 3 years you have the joy of having a 392,
    After you are 36k out of pocket and have nothing to
    Show for your $$
    I Hate To Ask But.....
    What Is The Appeal to lease?
    I would find a good used one for a little more,
    And purchase then you have the Joy of ownership IMHO
    Had My RT now for 6 years never had 1 Issue,
    Pretty Solid Vehicles!
    My 1cent worth
     
  5. FloridaCharger

    FloridaCharger Rookie

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    I agree with your post. The purpose of the lease was to keep the payments low. It would be nice if there was a least some low interest rate financing for the car.
     
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  6. mark3218

    mark3218 Rookie

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    I have a 15 with the same options only in Ivory. The price was around the same, and I bought it with the payments being around a $100/month cheaper then that quote you got.
     
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  7. AKHills

    AKHills The Alaska Hellraiser! Alaska HCC President. Hellcat Car Club HCC Charter Member

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    Yeah I bought my 15 Hellcat and pay under 1000$ a month. Why not buy?
     
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  8. TrackDay

    TrackDay Silver Member

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    What is the residual and purchase price at the end of the lease? I am leasing my Hellcat because I plan to buy it at the end of the lease at a residual that I think is thousands less than the car will be worth after 2 years.
     
  9. FloridaCharger

    FloridaCharger Rookie

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    Not sure about the residual. The Dodge website quotes the APR at 4.5%. That is high but doesn't account entirely for the payment. Your probably correct - the residual on the lease should be higher.

    Received a regular financing quote from the dealership for 3.99% 72 months. Also receved a quote from USAA today for 1.99%. The local credit union was 3.89%.

    So picking up the car tomorrow. The only thing left is to get a fair quote for my trade.
     
  10. Trentster

    Trentster Active Hellcat Member

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    Hmmm, my payment is $726 and I financed around $48,500 for 6 yrs. seems high. I'm buying mine.

    Financing $54,000 with my 2.5% interest rate on a purchase is only $808 for 6 yrs.
     
    Last edited: Feb 7, 2016
  11. Hellcat15

    Hellcat15 Silver Member

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    Anyone who wants to lease should research Pentagon Federal Credit Union for auto loans.
    They have a purchase program which resembles a lease without mileage restrictions and substantially lower payments than a typical auto loan. I think they call it "paysaver" or something like that, it's on their website.
    It is a longer term though (5 years) so may not meet your needs like a lease but you are free to sell or trade in at any time just like a regular loan.
    They also have an extended warranty option (Route 66) that is very reasonable as well.

    I sound like a paid endorsement, lol but I'm not.
     
  12. Boggs

    Boggs Senior Hellcat Member

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    Wow I feel like I bought your car I live in long island went to see my friend at the dealer and traded in my rt for the exact car you described 7500 down 800 a month I bought I didn't even know you could lease these cars
     

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  13. black06srt8

    black06srt8 Senior Hellcat Member

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    not to burst your bubble but Scat packs I cant justify paying for the SRT just because of rims and suspension and leather and sound system if you got pretty much 80 percent of the same look but 100 percent same performance, to me its not worth the extra money but everyone has there own opinion. they are leasing with Chrysler A plan 1500 down around 400 a month 12k miles here in Michigan
     
  14. Boggs

    Boggs Senior Hellcat Member

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    It's not the same I drove both different brakes alot smaller different suspension only has two drive modes different seats hood stereo I'll pay just a little more for the SRT and I got mine for 50 G's scat pack 45 it's a no brainier
     
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  15. 16SRT

    16SRT VIP Hellcat Member

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    Same car here, minus HK and sunroof (which just makes a Charger look worse, IMO). Paid $51,750 down, $0 per month.

    You sure you want to put $35k into a car, and then hand the keys back and have nothing in 3 years? If you got the money to burn, more power to you, but it's definitely not the frugal way to get yourself into an SRT.
     

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