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'08 Dakota Lease. What do you think?

Old Jul 14, 2008 | 10:38 AM
  #11  
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Your pricing is clearly a classic example why Canadians are flocking to the US to import vehicles. We are just shy of par for our currencies, goto dodge.ca and price out the same thing, if you have heart troubles, do not do it. You might have a heart attack. (Latest attempt to screw us, an American vehicle will have no warrenty in Canada)
 
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Old Jul 14, 2008 | 11:59 AM
  #12  
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Default RE: Miles

You would think Chrysler would be more generous to Canadians considering the amount of vehicles that are assembled in Windsor.
 
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Old Jul 14, 2008 | 12:17 PM
  #13  
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Windsor and three other plants. Lets not even talk about the TAX breaks and MONEY given to Chrysler and GM. Bastards.
 
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Old Jul 14, 2008 | 08:05 PM
  #14  
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Default RE: Miles

I got a new 06 left over in April of 07. Quad cab 4x4 Black, SLT V8. Cost to me? $450 a month plus registration and insurance. I could have bought brand new in the us $12,000 cheaper. Thats why there is a class action lawsuit going on in Canada right now. Manufacturers are ripping us off solid. Honda, GM, Chrysler are all named in the suit. Plus more.
 
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Old Jul 14, 2008 | 08:34 PM
  #15  
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Default RE: Miles

I don't believe you will find a lower price anywhere at anytime. Jump on it! He has over 100 Dakotas - all with V8s - so he should be giving them away, Ha.
I bought my '05 with employee discount (-12%) plus $2500 rebate, which was the best deal heard of until now. With today's gas prices, dealers and manufacturers are giving away anything with a V8.

[IMG]local://upfiles/38406/4C3E80FDA11D41578C49C52184E15FF1.jpg[/IMG]
 
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Old Jul 14, 2008 | 11:18 PM
  #16  
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Default RE: Miles

A member on Allpar.com posted his experiences with Detroit dealers. He said it would be difficult but I could probably beat the dealer out of another $1000. He said he has purchased three new Chrysler products under employee price.

I told one of my local dealers if they could get the truck to $800 under employee price I would sign on Friday. It would work out to $161 a month out the door for a $34K Dakota. The truck is black (not my first choice) but I could live with it. It also has the tow package and full time 4x4, which I don't need. On the up side it has 18" wheels which I really want. This dealer is the only one that wants to deal, the rest of the local dealers would rather hold on to their inventory.

Needless to say I cannot wait to get a new Dakota. I really love the way this truck handles and the power is amazing. The interior quality seems a little better than some of the other cars in Chrysler's stable. If everythings works out I will be driving a new dakota this weekend!
 
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Old Jul 15, 2008 | 11:50 AM
  #17  
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Default RE: Miles

The residual is way too high. That's why you're getting such a cheap payment. 58 percent of your MSRP is $18,652. Keep in mind that the residual is what you can buy the truck for at the end of the lease.

I'm in my second lease on a Dakota and have never heard of a residual being that high. It should be somewhere down around 45 to about 52 percent at the highest.

If you're sure you have absolutely no plans to buy the truck once the lease is up, then it's a great deal. But if you have any plans to possibly buy it, you definitely wanna push for a lower residual. Of course if you get a lower residual, your monthly payment will be higher.
 
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Old Jul 15, 2008 | 01:28 PM
  #18  
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Default RE: Miles

My plan after this lease is to lease again. Whatever chrysler product has the most content for a reasonable price. I went with the Dakota this time because it is the cheapest. My other choice was a Liberty but for the same price I could only afford a sport with cloth and very few options. I really would like to have the sky slider sunroof but the Dakota is just too good of a deal.

The residual value comes from Chrysler Financial. I also think it is pretty generous but it won't be my problem at the end of the term. I might list it for just over pay off on craigs list but if I can't find a buyer I will just turn it in. The only way I would get stuck is if I run way over on miles, which I am going to do my best to prevent.

My biggest decision right now is between 10.5K miles and 12K miles. The difference in payment is about $15 a month (57% of MSRP instead of 58%). The difference seems reasonable but I would be upset if I only put 20K on it and paid for 24K. I guess I could just take it on a few road trips if I am under mileage. I would be much more comfortable with 12K a year instead of 10.5K and it equates to only 50 cents a day more.

Here are the figures I am going to offer the dealer:

MSRP: $32,160 (Laramie with no options)
Negotiated Price: $27,489
Title and Doc: $90
Rebates: $6000
Capitalized Cost: $21,579
Residual: 57% of MSRP (12K miles/year)
Money Factor: 0.00013

Final Payment: $149.99 (includes tax, title, doc)


There is a dealer in Indy that has two trucks at this MSRP (one black and one silver). My cousin said her husband would buy one if the dealer can get the payment at $150 a month. I am going to call today and tell them that they can sell both trucks if we can reach an agreement. I will not pay a penny more if they want to make two deals. Another dealer just north of Indy has two identical trucks and is willing to do what it takes to get the sale. The only difference is the other trucks have a few more options that I don't need. The payment would go up $17 a month but I would get full time 4x4, 18" chrome wheels, and trailer tow. I don't need the tow or the full time 4 wheel drive. I am very specific on my needs and budget. Whatever dealer bites is not going to break the bank but they will get rid of two V8 trucks when gas is $4/gallon and the 2009 models are a month away.

I know I am asking for a lot but times are tough and Chrysler is not in a good situation. NOBODY is rushing to dealerships to buy a truck that gets an average of 15mpg. Good for the consumer but bad for Chrysler. It is unfortunate that 70% of Chrysler's sales come from trucks and SUVs. Their cars are not selling well and the entire lineup is thirsty for gas.


Thanks to everyone for the advice and I will keep the forum posted on my decision.
 
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Old Jul 28, 2008 | 10:39 PM
  #19  
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Default RE: Miles

I hope you got your truck leased. It was anounced today that Chrysler is pulling the plug on leasing.
 
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