[pl804]

Hi, new to the forum. I searched but didn't see an answer, and read through the thread where folks are pre-ordering, but it seems like all purchases. Is it possible to lease the 2017 hybrid, or is it only available for preorder purchase? Thanks in advance.

 

[soconnorny]

Hi, new to the forum. I searched but didn't see an answer, and read through the thread where folks are pre-ordering, but it seems like all purchases. Is it possible to lease the 2017 hybrid, or is it only available for preorder purchase? Thanks in advance.

Yes you can lease the 2017 Hybrid - it was noted on page 30 of the dealer info PDF that has been posted in the forum

 

[Volt]

Leasing

Does anyone have leasing numbers for the Pacifica Hybrid? I currently have a Chevy Volt and am very interested in the Hybrid Model. I am looking for real numbers as in the residuals, money factors, incentives and such including how Chrysler will handle the $7500 toward leases.


Also, does anyone have any known discounts for Chrysler. We have never owned or leased a Chrysler so I am unfamiliar with any discounts that might be common knowledge for most long timer Chrysler users. For example, certain times of the year you can get several hundred dollars from Costco by purchasing a GM car, and/or use the Farm Bureau membership for another $500. Any info would be appreciated.

 

[Plano pacificas]

Leasing numbers are due to be released through Chrysler Capitol at the end of the month, currently leases need to be configured through third party leasing institutions (such as US Bank). Once they release their program we will have clarification on the federal tax credit. I know that on the Volt the tax credit was applied towards the front end of the lease, which was awesome (i.e. $40,000 MSRP with 50% residual would be a $20,000 lease payback less the $7,500 tax credit AND rebates netted an approx. $12,500 total repayment less any downpayment plus TT&L). There are a few ways to structure these programs, and at this moment there is no concrete answer. That will change within the next few days, I am sure.
The current program ID for the Chrysler Capital Residual is 63LHJC, which expires 1/31/2017. Currently the program rules do not populate (The attitude at Chrysler Capitol and FCA is "they haven't even been delivered to the dealers yet so why publish rates that we can't do anything with". My response is quite simple, to follow through on a vehicle launch and create excitement and demand, duh.)
As far as Affiliate Programs, here is the current list, please not that not all programs are "stackable" and that leases are not the same as retail purchases and may or may not include programs (no, we gave up on trying to understand the logic a long time ago so don't ask, we configure as we go case by case):
2017 Military Consumer Cash 39CHB $500.00
Assoc Build&Contract Household 2017 MY Retail $500.00
Assoc General Contractor Household 2017 MY Retail $500.00
PHC Contractor Household 2017 MY Retail 40CHM1 $500.00
Snow & Ice Manage Assoc Household 2017MY Retail $500.00
Natl Assoc of Remodelers Household 2017 MY Retail $500.00
Dairy Farmers of America Employees 2017 MY Retail $500.00
Natl Funeral Directors Assoc Employees 17MY 40CHS3 $500.00
Natl Fed Independent Bus Household 2017 MY 40CHU3 $500.00
ALOA Employee 2017 MY 40CHV3 Retail $500.00
Natl Assoc of Home Builders Employees 17 MY 40CHW3 $500.00
Farmers in America Owner & Employee Household 17MY $500.00
Society of Amer. Florists Employee 2017 MY Retail $500.00
Natl Assoc of Women Business Employee 17 MY Retail $500.00
National Association of Realtors 2017 MY Employee $500.00
Regional Specific Conquest Retail Bonus Cash Varies

Sorry, best I can do for now with what we have. I will be able to update the moment I have real information.

 

[Volt]

Thanks for that detailed response. Any discounts for teachers, and do you have to be in the Military at this time or can you simply be prior military as I am prior Military from the Army Reserves? Also, I really look forward to seeing the actual numbers soon. Thanks

 

[Plano pacificas]

Eligible consumers include: active military, active military reserve, retired military (honorably discharged),
and retired military reserve (honorably discharged). Honorably discharged veterans within 12 months of
discharge date, and 100% disabled veterans are eligible.

 

[Volt]

Eligible consumers include: active military, active military reserve, retired military (honorably discharged),
and retired military reserve (honorably discharged). Honorably discharged veterans within 12 months of
discharge date, and 100% disabled veterans are eligible.

Here is to hoping you can update us on leasing tomorrow. :smile2:

 

[Volt]

First Leasing Numbers I have Seen

Exact Email from Dealer:

Today Chrysler Capital announced that the residuals for 10k/year are 24=62%, 27=61%, 36=58%, 39=55%, 42=53%.​ ​ Other miles are available at a little lower percentages.​ ​ The acquisition fee is $595, GAP is included.​ ​ The security deposit is equal to one month's payment rounded up to the next $25 interval.​ ​ As there​ are no incentivized money factors, a customer's credit, down payment, score, etc will determine the money factor as there are 5 tier levels.

We are expecting to hear from Ally soon as to their rates.

I then responded asking about the tax credit. This is the answer I got.

According to Chrysler's literature on the Hybrids:

Chrysler Capital provides tax credit to the consumer in the form of enhanced residual points (lowering monthly payment)

If these numbers prove correct, anyone interested in leasing the Hybrid like myself, probably are not going to do so. It is simply going to be VERY expensive without some major discounts.:surprise:

 

[invaderc1]

Volt, those residuals seem somewhat high, wouldn't that lower the monthly payment? My understanding is the lower the residual, the higher the payment, so the tax credit would bump up the residual percentage even more.

 

[mick0212]

Volt, those residuals seem somewhat high, wouldn't that lower the monthly payment? My understanding is the lower the residual, the higher the payment, so the tax credit would bump up the residual percentage even more.

I think the implication is that the tax credit is factored into the residuals -- i.e. Chrysler Capital will get the tax credit and the person leasing will effectively capture part of it by paying less monthly via an inflated residual.

 

[Volt]

Volt, those residuals seem somewhat high, wouldn't that lower the monthly payment? My understanding is the lower the residual, the higher the payment, so the tax credit would bump up the residual percentage even more.

Yes, a higher residual is a good thing. However, it looks like a normal residual for the non hybrid runs right at 49-51% for 10k miles. Someone can correct me if those numbers have changed much. Using 51% residual, and then 58% for the hybrid that gives 7 more percent for the residual which would allow for about roughly half of the 7,500 tax credit. That is going to be one expensive lease considering that I wouldn't expect much discounting on the hybrids.

Lets use this as an example.

46k msrp (we will simply use this number as discounts will be practically nothing for awhile) and all based on 10k per year which is pretty low
46k cap cost x 58% residual =26,680
46k minus 26.7k = 19.3k depreciation
19.3k divided by 36 month=536
46k cap cost plus 26.7k residual (crazy I know but this is how it is done) x interest rate of (who knows, but lets use 3%)=.00125 (calculate by x 2400) this equal $90 per month in interest
536 + 90 = 626 per month + tax rate (for me this is 6%) = 663 + any fees that weren't paid up front

I think anyone not in a CARB state wouldn't even consider leasing in most instances.

This is a big lease.

 

[invaderc1]

Those numbers are crazy, but looking online at CUDA, the projected Hybrid residual was in the 46-50% range, so I think the tax credit bumping it up to that 58% might be more than you are thinking. They might not be eating as much of that pie. The way the $7500 is applied is a big deal, but I might have to just get a loan then. Fortunately I'm hoping to get 9-10k for my tradein, but I can see how this would be awful for people without a decent vehicle for that extra towards downpayment.

 

[hmfic]

The residual is way to low (even at 58% if you ask me). I can compare as I'm a current Chrysler Capital lessee and I'm rolling of a lease in March (Durango R/T @63% residual). If Pacifica is going to be 58% residual and they are NOT discounting $7500 from the negotiated price it's a no brainer it's better to buy this car IMHO.

 

[marcbsilverman]

I agree, these lease number are ridiculous. I've been waiting for lease numbers to be released and I'm hoping that it's 58% residual with $7500 capital cost reduction (which is what the Chrysler dealer slides indicated). If not, it seems a lease will not be possible, unless you want to pay over $500/month. I'm also considering the possibility of leasing with another bank or company. Perhaps they will honor the $7500.

Please let us know if anyone gets concrete info on lease numbers and how the $7500 federal tax credit will be handled.

 

[Volt]

Additional Leasing Info?

I just wanted to give this thread a bump to see if anyone (especially dealers) could provide any additional insight on leasing. Any additional info out there other what I received from a dealer? If what I received is correct, virtually nobody will lease a Pacifica Hybrid until the market starts discounting them like 10k off. :crying:

 

[mick0212]

I agree, these lease number are ridiculous. I've been waiting for lease numbers to be released and I'm hoping that it's 58% residual with $7500 capital cost reduction (which is what the Chrysler dealer slides indicated). If not, it seems a lease will not be possible, unless you want to pay over $500/month. I'm also considering the possibility of leasing with another bank or company. Perhaps they will honor the $7500.

Given that I was given a ballpark number of over $450/mo for a 39 mo lease on basic non-hybrid Touring, I'm not optimistic. I just don't see a reason for them to set the residual so high unless the tax credit is already being factored in.

 

[Volt]

If those numbers prove to be true, then once the Hybrid starts getting discounted in a major way, a person will probably consider leasing. A high residual is great for leasing, but by my numbers this is only using about half of the 7500 tax credit. Right now, I hope these numbers prove to be wrong and there is more money on the table for leasing. For example, the Volt is only slightly less than the Pacifica Hybrid when completely loaded up when comparing MSRPs. You can lease a base Volt to a Premium Volt between about 250-350 per month depending on many factors, but the Pacifica Hybrid lease is OVER 600 per month based on my numbers without paying anything down. WOW, that is way too much money. The market will eventually take care of this, but I was really hoping Chrysler would incentivize their leases to make them attractive, not astronomical.

 

[hmfic]

If those numbers prove to be true, then once the Hybrid starts getting discounted in a major way, a person will probably consider leasing. A high residual is great for leasing, but by my numbers this is only using about half of the 7500 tax credit. Right now, I hope these numbers prove to be wrong and there is more money on the table for leasing. For example, the Volt is only slightly less than the Pacifica Hybrid when completely loaded up when comparing MSRPs. You can lease a base Volt to a Premium Volt between about 250-350 per month depending on many factors, but the Pacifica Hybrid lease is OVER 600 per month based on my numbers without paying anything down. WOW, that is way too much money. The market will eventually take care of this, but I was really hoping Chrysler would incentivize their leases to make them attractive, not astronomical.

I think this is a very well calculated move because there is no historical data on Pacifica values and we all know that very likely that first year car will have issues and will potentially cost less because of that. Instead of taking that risk them selfs they are offloading it over to consumers who are going to be leasing.

There is another thing that bothers me. If Platinum Edition that all of us are waiting for has self parking, automatic cruise control but no homelink garage opener, no self dimming mirrors and no memory seats, I'm puzzled at the logic of the product manager here, how did those features got thrown out, they cost next to nothing.

 

[marcbsilverman]

I've spoken to several dealers who said these Ally bank lease numbers are not Chrysler financial. Apparently Chrysler's numbers will not be released until March first. Here's hoping for $7500 capitol cost reduction and decent residual/money factor. If you use Chrysler's lease calculator and add a dealer credit of $7500 then we're looking at a fair sub $400/month lease, even better with sale prices below hold back. Please keep us posted if anyone gets more details

 

[snowang]

This starts to feel like an endless wait. I also called a few dealers and even though one of them said earlier that Feb. 4 would be the release date for those leasing numbers, now no one knows when. They all said the vehicle needs to first hit their lot in order for them to discuss leasing numbers. And the earliest that'll probably happen is close to end of Feb.
I am just keeping my fingers crossed my 15 yr old Focus continues to run while I am waiting. Or I'll give up and lease a Limited, if the numbers work out.