I’ve been attempting to hack a 2024 Dodge Hornet R/T EAWD. These are the numbers I’ve been using:
MSRP $47,715
MF .00204
Residual 61%
Incentives: Northeast Lease Cash $4500
Federal EV Credit $6500
Dodge TDM $1000
First Responder $500
I’m looking for a 24/10 lease with a 16% discount off of MSRP. I figured 16% was reasonable as this is the slowest selling car in America and I’ve been targeting cars that have been on the lot for 200-300 days.
This would put me at $1094 DAS and $103 month
I called about 8 dealers today (around Monmouth County, NJ) and haven’t come anywhere close. They confirmed my numbers are correct, but the best I was offered was 7% off which came to $325 month.
Am I wasting my time with this? Is the 16% to aggressive? Nobody wants a Dodge Hornet but I figured if I could get a good deal it would be a great first car for my daughter.
Have been trying to do same up in MA for my daughter to take back to college. Some brokers offering 12-13% discount plus 1.5% if you have Affiliate on top of rebates but they won’t do a deal if car is registered in MA. Dealers up here scoff at that even with 250+ units sitting 200+ days on lot within 50 miles. Best I could do was 6% off with Affiliate and still coming out 8-10K for a one pay on a 46K 24/12 lease. I thought June numbers would improve but they mirror May. Dodge dealers like seeing inventory I guess. I have until August so will keep looking.
im in michigan, and im in the same boat as you. the lowest anyone around me came is 399 a month 0 DAS. meanwhile they have almost 100 on the lot that are not moving. I think @joeblogs is right on this one.
Finding the one dealer that will do it at end of month won’t be easy, and you may have to travel, but they are likely out there. Email the GM direct. If they deny first pass be polite and say you will reach back out last week of the month. Or that they can email you if they need a unit.
This strategy netted me a Volvo loaner at 20% off before rebates in TX oct 23, a qx60 at 13% off before rebates in MO during April and a lyriq at 13% off before rebates now in June - can’t say where cuz it’s not delivered yet. I started by asking for the best discounts offered by brokers here. Then they just started beating each other once you find one and share the deal sheet.
I’ve also tried several dealers with no luck. Their offers don’t come remotely close. The last one was like $700/mo. A Dodge. Hornet. ?!? I wouldn’t mind getting one as a cheap beater, but c’mon.
I would target 40-50 dealers depending how far willing to travel and how much your time is worth to get the deal. It will consume days but you have to love the chase. I typically stay east of Rockies since the travel or shipping costs start to outweigh savings.