[Cotto11]

Anyone have any info on this. I contacted two dodge dealers in my area and they won't lease any of there 2014 leftovers and they still obviously count as NEW in there pricing standards.

 

[Ddaddy]

Anyone have any info on this. I contacted two dodge dealers in my area and they won't lease any of there 2014 leftovers and they still obviously count as NEW in there pricing standards.

Sure, they will sell them as new since the depreciation is on you, but they won't lease them because a leftover new car is a year old the moment you drive it off the lot. It loses a bundle on depreciation in the first year (which is immediate with a leftover rather than a year later on a new model) and the leftover is likely to depreciate even faster than the new model will in the years after that.

This makes the lease payments difficult to calculate and most lenders won't touch them since the lease payments are calculated based on residual value at the end of the lease term. If they can't calculate the appropriate residual costs, they will lose money on the lease agreement...not something they are willing to take a chance on.

They will gladly finance you to buy one that you own at the end of the agreement, but they won't take a chance on leasing you one that they own at the end of the agreement.

 

[a14umbra]

What he said. I looked into leasing a leftover before. They said they'd do it, but I wouldn't like the payments.

 

[rob-2]

Got 12k in total savings; plus max care warranty on my 14 sRT fully loaded.

Just buy and work one hell of a deal like me

 

[DrNo315]

My 2014 was a leftover lease that I picked up in February. Pressure was on dealership to clear out 2014's ahead of the 2015's. And they gave me a 24 month lease so I'll be looking to upgrade before I know it.