Angelenos, Lease a Dodge Challenger SXT for $186/Month, $0 Down
FCA’s incentives are frustratingly regional, and their dealers are notoriously opaque, so we usually don’t report on Chrysler, Dodge, Jeep, or RAM deals. That said, Dodge Challenger incentives in Southern California are so strong that we can’t help but share them.
And, who knows? Maybe your region will have similar incentives as well.
Current Incentives, Valid Through July 31, 2019
If you go with a non-captive lender (i.e., Ally Financial) instead of Chrysler Capital, there’s a $3,250 IDL Bonus Cash (CALKA) incentive.
When combined with the $3,000 Bonus Cash (CACKA), $1,000 California LA/Palm Springs Bonus Cash (CACKK), and $250 Lease Cash (71LK1), the incentives total $7,500!
Ally Financial’s Rates and Residuals
Ally Financial has set the residual value of a 2019 Dodge Challenger SXT at 55% of MSRP (assuming 36 months at 10,000 miles per year). The money factor is a sky-high .00225, which is equivalent to 5.4% APR.
You might be tempted to go with Chrysler Financial’s subvened money factor of .00002 (0.1% APR), but you’ll end up paying more, since you lose out on the IDL Bonus Cash.
How can I get this lease?
We would aim for a selling price of at least 7 percent off MSRP. Click here to see a sample lease of a 2019 Dodge Challenger SXT with an MSRP of $29,590 and a selling price of $27,519, assuming Southern California vehicle registration. It translates to $186 per month plus tax with $0 down payment.
Note the usual caveats apply. Your actual deal will vary based on the discount offered by your dealer and the credit tier you qualify for. Some incentives may vary depending on location, and programs change each month.
The best strategy is to obtain quotes by email or phone from multiple dealers in your area and to research and discuss your deal on Leasehackr Forum.