Hello,
I’m brand new here, so hope this post makes sense. (Also new to leasing in general).
I’m currently working with a dealer on a 2018 Dodge Charger SRT 392 (trim just below Hellcat) lease.
I don’t have things like MF or RV, but does this sound like a decent deal?
Thanks in advance!
So pretty much $7k down? 
Correct. I’m having a bit of a tough time wrapping my head around it, especially because $4k is cash. I’m fine using the positive equity, though.
So put $0 down and use the positive cash equity as your down. Get a bigger discount than that.
Ok thanks, I’ll try for that!
$560 with $1,800 down is the best I have found this month. I am going to wait til October to see if any incentives hit. Currently there are none on the SRT392 and the Hellcat.
Good to know, thank you!
Have you tried using the online vehicle builder on dodge.com to see which trim has the best incentives at the moment? For my area they’re throwing $4.5k in lease cash but only up to the Daytona 392 trim (the trim level just below your SRT trim). I don’t know where you’re based so I can’t check your area incentives but you should investigate that as it might affect which trim is worth going for. Have a check and let us know.
I’ve seen the incentives change a couple of times between the Daytona and SRT in the last few months in my area so if it has to be a certain trim for you but the offers aren’t there right now it might be worth waiting to see what October brings. You’d really kick yourself if they added a $4k or $5k incentive on the car you just leased.
Have you read up on the major differences between the Daytona and SRT trims? If you can get a great deal on a Daytona I’ve seen people spend some of the money saved on upgrades (like suspension tweaks, wheels, etc), as they have the same engine, gearbox and brakes. Like I mentioned with the incentives near me, it currently makes the SRT $10k more expensive (before dealer discounts) than the Daytona which is tough to justify unless you can get a huge dealer discount.
The scat packs and daytona 392 have a $4500 incentive, and guess what, I have been getting qoutes in the $600 price range. The dealers around here are not playing nice.
Just took a look on Dodge.com. Like GSA says below, I’m seeing $4,500 lease cash in my region (Las Vegas) for the R/T Scat Pack and Daytona 392, nothing for SRT 392.
As for the differences between trims, I really like what the SRT offers with the adaptive suspension, Harman/Kardon audio, and flat-bottom steering wheel. Haven’t thought too much about mods, since this would be my first leased vehicle. I did speak to a dealer on Sunday about their Daytona 392 and it was in the 600 range with some cash and positive equity down!
At this point, I thought about it, and I’m gonna try for $2k cash down (instead of 4), in addition to my approx. $3k positive equity for $450 a month, including tax. We’ll see what happens.
There’s also the MF and RV that can offset models with low incentives. Plus everything is times two because there’s terms with CCap and for other banks, like Ally or US Bank. There seems to be a resistance from dealers to dig deep I suspect because they’re used to leasing them for higher payments, plus a lot of Dodge dealers are gamey.
What area are you located in, jimmydean?
These cars are tough with all the trims and incentives. I test drove a Daytona when I was shopping and it wasn’t much less than a Hellcat, so I went with the Hellcat. It also took me a while to find a decent dealer. I think it is going to be much easier to find deals in the next couple of months as there still seem to have a good amount of '18s on the lots that they will need to get rid of. Good luck, they are great cars!
I’m guessing in your area because of the geography getting a good deal near you will be more difficult without travelling further out. With effectively $5k down that’s $600 p/m which is Hellcat money, but you might not want a Hellcat. It comes down to how much you want a great deal, how much time you want to put into getting quotes, and how far you can travel.
Have a look at https://www.cargurus.com/Cars/new/searchresults.action?sourceContext=homePageNewCarTab_false_0&newSearchFromOverviewPage=true&inventorySearchWidgetType=AUTO&entitySelectingHelper.selectedEntity=c27068&entitySelectingHelper.selectedEntity2=c28424&zip=88901&distance=500&searchChanged=true&trimNames=SRT+392+RWD&engines=V8&modelChanged=false&filtersModified=true&sortType=DAYS_ON_MARKET&sortDirection=DESC it’s a LV search and lists SRT’s by oldest on the lot but includes vehicles within 500 miles. Vehicles on the lot for longer will generally be more negotiable.
@KD6-3.7 Gotcha, thanks for the information. I am in Las Vegas, NV.
@RobC2 Agreed - too many trims on the Charger… haha. The dealer I’m looking at now has had their SRT for over a year, so figured they would play nice. Thanks!
@ajgraham Exactly. I don’t believe any local dealers have SRTs, so I’m looking at SoCal and AZ. Thanks for the link - I’ve been using CarGurus extensively throughout this process. Great resource. Going to keep working on this until I find something that makes sense.
I got my Challenger from Abe at Tuttle-Click in Tustin, CA. You kinda have to tell him where you want to be and he’ll work hard to make it happen.
Let me add also me and KD6 got our cars on the same day.
What is Abe’s full name? Thanks
Abe Rassam
Any luck with deals in October?
Apologies for the massively late response… kinda went inactive on this forum after getting discouraged with the Charger search, but wanted to provide some closure now that I’m back again.
In case anyone was wondering, I ended up buying a 2015 Hyundai Genesis 5.0 for $23,900. Was a one-owner, clean Carfax, 36k miles, and had what I was looking for (midsize sedan with v8). Totally different direction, but payment made way more sense, not to mention the slight gas and insurance savings.
Thanks again for the advice along the way! Love this forum.