Any help on MF’s and end payments would be appreciated.
I’m in NJ looking for a 3yr/10k lease.
Working with one dealer on a vehicle in transit…
MSRP 45014
Negotiated 39142
Residual 32810
They want 3k down for a 470 payment. Every calculator I use tells me this is horrendous, please help! *I used the default .00125 which resulted in a payment half of what I’ve been offered.
I’m not sure that is the correct MF. You say 3% Apr. Are they not more like 4.5% or something? If you build your car on the dodge site it tells you the finance and lease interest rates.
How do they even come up with that payment? Tell them to break it down for you. Meaning sales price without rebates, minus rebates, plus tax, plus acqusition fee, plus other fees listed separately. Ask for MF as well. They trying to pull a fast one. I get 297 with 9 percent tax. Fees you pay upfront. This should be a front page deal if you get it.
I used MF of .00120, which was the MF when i negotiated a charger for my neighbor. Search forum for dodge charger.
They started at 689 with 3 down thinking I’d eat it up. I sent him packing back to his hideout immediately but I KNOW they are holding back. The numbers were outrageous. The MF of .00125 was a rough guess and only used for a baseline. I could double that and still blow their “deal” away.
7% sales in Jersey, and for what it’s worth, I’m trading in a vehicle with a negative equity of $1300. Still doesn’t add up whatsoever.
MF of .00195 IF the website is accurate.
Still does not add up for the numbers. Only way to figure out if you get a breakdown.
GENO:
I CAN GET YOU THIS DEAL:
ON A $44.5K CAR
36/10K $425/ MO ( THIS INCLUDES $1300 OF NEGATIVE EQUITY)
DUE ON DELIVERY:
FIRST MO, BANK FEE DMV FEES AND TAXES.
NO $ DOWN/ CAP COST REDUCTION/
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Longer backstory then originally reported but the short version is that I tentatively made a deal with the stip that it would be there after only a few days wait. Three weeks later, Sales failed to respond in a timely fashion to the point that I voiced my frustration. The sales GM was informed that I wished to void the deal as a result of the lack of effort on their behalf and was fine doing so. I know they roped me into giving them more money than I should have so I’m looking for advice from the forum.
Kill the deal and lose the car…
Let them keep the cash and I take the car…
Attempt to renegotiate with my new found information? Which I am unsure of that even being possible. Would I have to sever ties with this location, recoup my funds and move on or would they be willing to start over even though I’m technically on their hook already?
I attempted to attach my copy of the information, if anyone is kind enough to crunch the numbers provided I would be appreciative!
I’m afraid the Dropbox links I’ve used aren’t functional, but I’m unsure
Cap cost reduction 5871.50
First month 450.00
Registration 339.50
Doc 389.00
Total 7050.00
Rebates 2750.00
Down payment 4300.00
Total 7050.00
“Agreed” price 42055.99 but was told 39142.73!
Gross cap cost 45014.23
Cap cost reduction 5871.50
Adjusted cap cost 39142.73
Residual 32810.40
Depreciation 6332.33
Rent charge 9867.67
Total of payments 16200.00
Lease 36 months
10k miles, .20 per after
How bad am I getting shafted at this point?! HELP
Is this a chrysler capital lease? If it is a third party bank there is 3500 IDL bonus cash i think. Even 1300 negative equity i am not sure i like this deal given the huge downpayment. Man i could probably get a better deal for you at local dealer. 
BSanders offers a better deal so makes no sense to take the dealer offer.
Through Ally because they claim the residual is higher. MF converts to almost 9% with 72% residual.
Told me Chrysler was a slightly lower MF but residual dropped to 64%. I’m due to stop in around 2pm EST to make a decision…
BSanders, any possibility of locating a Daytona 392? I’ll walk from this fiasco immediately.
Are you tier 1 credit because i dont think they can mark it up to 9%.
Not a ton of inventory in our area on these. Will run locate in the am and see what I can find for you.
Feel free to pm with some contact info and we can touch base.
Thank you!
YES, Tier 1 credit and that was my exact thought also.
I would gladly send you what you need BSanders, just let me know.
GENO, MY BAD BEN SWAMPED!
YOU STILL NEED ASSISTANCE ON THIS?
@BSANDERS - I am looking for a same deal, can you please send a PM.