Dodge going cray-cray on lease deals for hellcat.

[TCG Member 5219]

Word on the street is this. $2999 down, 36 months 10k miles a year.

17MY:
$429 Scat Pack
$529 SRT 392
$629 Hellcat

16MY
$399 Scat Pack
$499 SRT 392
$599 Hellcat

Click to read more...

 

[BigJohnson]

Seems like a lot for an ugly car usually spotted in the ghetto

 

[jason05gt]

Not a bad deal, but you should never put money down on a lease so figure in about $80 for $0 down and another $100 a month for taxes. You're at a little under $900 all in for the 2016.

 

[Chet Donnelly]

Why do that when you can get that twin turbo Mustang for $45k?

 

[TCG Member 5219]

Why do that when you can get that twin turbo Mustang for $45k?

warranty?

 

[Chet Donnelly]

warranty?

I mean you're looking at almost $30k for 3 years and then you'd have to give the car back.

I'd rather spend $45k, risk not having a warranty and have to pay for my repairs, and then still have the car in 3 years.

 

[Yaj Yak]

where'd you get 30k?

 

[TCG Member 5219]

I mean you're looking at almost $30k for 3 years and then you'd have to give the car back.

I'd rather spend $45k, risk not having a warranty and have to pay for my repairs, and then still have the car in 3 years.

Totally agree. This is just a lease deal for those that cant afford a HC, and just want to get into one. The buy out at the end will be huge, and you'd have to finance it for another 84 at the end to match the payment you just paid for 36 if you want to keep it. It makes very little sense, but Im sure alot will bite on it.

 

[Outlaw]

This is good for [MENTION=3061]Lead Pipe[/MENTION]. Off lease deals will be great.

 

[jason05gt]

where'd you get 30k?

$800x36=$28,800.

 

[Chet Donnelly]

where'd you get 30k?

(629*36)+3,000+taxes, fees, etc.

 

[Yaj Yak]

where'd $800 come from?

 

[Yaj Yak]

(629*36)+3,000+taxes, fees, etc.

you're going to pay taxes, fees, etc on the 45k one too.

 

[Yaj Yak]

i thnk the scat pack at 399 is the deal here anyways...

 

[Chet Donnelly]

you're going to pay taxes, fees, etc on the 45k one too.

Right...but you'd pay a tax on something you'd tangibly still have. Tax on your lease is basically tax for nothing.

 

[jason05gt]

where'd $800 come from?

That's about what you're going to pay on the Hellcat lumping everything into the lease.

 

[TCG Member 5219]

I think nowadays in IL you only pay tax on the payment per payment. I think thats what the new lease/tax deal is in IL now. Then if you buy it out, you pay taxes on the buyout amount. I think. I know lease deals got way better like two years ago when they changed the lease/taxes regulations in IL.

 

[TCG Member 5219]

New Illinois sales tax law lowers the cost of leasing a car - Chicago Tribune

As of January 2015.

Starting Jan. 1, the Illinois law will change so that sales tax applies to the down payment and monthly lease payments. If the down payment is $2,000, the tax on that would be $165. If the monthly payment is $300, the sales tax would be $24.75 each month. The total tax for a 36-month lease would be $1,056, or $1,419 less than under the current formula.

No tax credits for trades towards new leases though. And you will have to pay full taxes on the buy out too. So better, but not great.

 

[jason05gt]

You're correct on the taxes. The State fixed their archaic tax structure for leases.

 

[TCG Member 5219]

You're correct on the taxes. The State fixed their archaic tax structure for leases.

Saves a boat load for the expensive leases like on Tahoe's.

 

[Lead Pipe]

This is good for [MENTION=3061]Lead Pipe[/MENTION]. Off lease deals will be great.

Perfect