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Challenger SRT 392
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5 Posts
Discussion Starter #1 (Edited)
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
 

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Charger SRT Hellcat
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183 Posts
What's your down pymt? I was getting quote of $875 or so on $68k cost with about $9k down.
 

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Challenger SRT Hellcat
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1,419 Posts
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
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
 

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Challenger SRT 392
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5 Posts
Discussion Starter #5
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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Challenger SRT Hellcat
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6 Posts
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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The Alaska Hellraiser! Alaska HCC President.
Challenger SRT Hellcat
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261 Posts
Yeah I bought my 15 Hellcat and pay under 1000$ a month. Why not buy?
 

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Registered
Challenger SRT Hellcat
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4,484 Posts
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
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.
 

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Challenger SRT 392
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5 Posts
Discussion Starter #9
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.
 

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Charger SRT 392
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105 Posts
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.
 

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Challenger SRT Hellcat
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472 Posts
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.
 

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Challenger SRT Hellcat
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268 Posts
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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Challenger SRT Hellcat
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319 Posts
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
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
 

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Challenger SRT Hellcat
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268 Posts
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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Charger SRT 392
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422 Posts
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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Challenger SRT Hellcat
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268 Posts
I bought mine I didn't even know you could lease these cars I agree I met a guy who leased his you can't even do anything to it cause its not yours not my cup of tea I would save a little more money to have put down to have a lower payment then leasing I love my car and I will make it unique
 

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Challenger SRT 392
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3 Posts
I just leased a 2016 SRT 392 - 24 months and 12,000 miles per year.

Leasing is a good option if it's right for you and a very bad option if its not right for you.

If you want to buy the car and keep it forever, I wouldn't recommend leasing. If you know you will want a new car in a couple years, It might be good for you.

For me, leasing is a way better option than buying, for 2 reasons:
1. I like to get a new cars every 2 years ( if i buy, i am out ALL that tax money each time - which is a very substantial amount, in CA)
2. My lease payments are a tax write off.

Anyway, I negotiated my lease and got the following terms on a 2016 SRT 392 6 spd manual:
$3,500 down (covers 1st month payment)
23 payments of $875
12,000 miles per year.
 
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