HEMI To The Masses: Dodge Challenger R/T From $306/Month, $0 Down
Rear-wheel drive. 375-hp V8. 6-speed manual. Those are the three things you need to know about the Dodge Challenger R/T. And if you go easy on the options, it can be a decent lease, too. We'll take one in white (because Vanishing Point).
The Lease Program
The cost of leasing a particular car is determined by its lease program, which is set by the manufacturer, and the selling price, which is set by the dealer. Here is Chrysler Capital's lease program for January 2016:
|Residual Values (36 months)|
|2016 Challenger R/T||10,000 Miles/Year||12,000 Miles/Year||15,000 Miles/Year|
These rates are consistent for most parts of the U.S., including California, New York, and Florida. There's $500 in lease cash available to all, as well as the following targeted incentives: $1,000 Competitive Lessee Cash, $500 Military Cash, and $500 Lessee Loyalty Cash (choose from 1 of the 3). There's also additional $500 Bonus Cash on select in-stock cars with a 49B Tracking Code.
A 2016 Challenger R/T has an MSRP of $32,990. According to a third-party car shopping website, the average selling price of that model is $32,180 before incentives (Southern California zip code). The lowest selling price currently offered by a dealer on said car shopping site is $30,500 before incentives.
Putting It Together ($306/Month, $0 Down)
Use the lease calculator below to customize your own inputs. Here's a sample deal of a 2016 Challenger R/T assuming a selling price of $30,500, a California sales tax rate of 9%, a 10,000 miles per year lease, and use of the $1,000 Competitive Lessee incentive (in addition to the $500 lease cash).
(11/13/17: Have issues with the calculator loading? Refresh the page. We are working on a fix.)