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Re: Lease Deal Question [Car_man]
by 540dude on Sun Sep 25 14:24:04 PDT 2005
Thanks so much Car Man. I knew I that the Chrysler dealer in Westchester County was trying to rip me off. (Right now I am choosing between a 300C SRT-8 and an Infiniti M45 Sport). The Westchester County dealer was happy to sell me the car at MSRP (A 300C SRT8 with all options except the rear DVD), which is a little more than $46K. Then he had the termerity to quote me $850 per month for a taxes-rolled in lease and $785 per month for a taxes up front lease!! That's more than I am paying for my 2003 540i Sport, which stickered north of $60K. Of course, when I heard this bullcrap, I immeditely asked him what the money factor was. He responded with a number that, when multiplied by 2400 translated into an APR of 7.2%. I told him that that was totally unacceptable and told me that I wanted the BASE money factor and that I knew that that was marked up. He would not budge. Accordingly, I terminated the conversation. Bottom line: Chrysler dealers are getting saavy to the fact that consumers don't want to pay more than MSRP for the 300C SRT8. So they are marking up the lease money factor and toying with the residual value to make their killing that way. Well, it looks like I will be going with the M45 Sport. The Infiniti dealer in Bergen County, NJ has been straighforward and has treated me with respect and has not played these stupid games that every single Chrysler dealer has with the 300C SRT8. (A Chysler dealer in Central Bergen County, NJ wanted $3K over sticker and monthly lease payments over $900 per month--we are talking Mercedes S-Class territory). (Another Chrysler dealer in Northern Bergen County, NJ in Ramsey wanted $2K over sticker--and then marked up the lease money factor to over 12% APR, resulting in monthly payments that exceeded $1,200--I told that moron that for that kind of cash, I would lease a Mercedes E55 or BMW M5. He then offered me $1000 per month for a plain vanilla 300C! Sorry, but for that kind of cash, I will lease a BMW 750. Of course, I walked out). I am still waiting on one more Chrysler dealer in Central Pennsylvania. Perhaps that dealer will be more honest that the crooks who call themselves Chrysler dealers in the New York metro area. This is the first time that I have ever considered an American car since I was in my teens. Given these cheeseball experiences with NYC-area Chrysler dealers, it will be my last. The Lexus, Infiniti, Mercedes and BMW dealers that I have dealt with have never played games like the Chrysler dealers have.

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