Is this a good lease deal for a 2008 Chrysler Town and Country?

Pat G

New Member
2008 Chrysler Town and Country Touring with leather (package M), navigation, and dual DVD. They are giving me a $1500 rebate but NOT the $1000 lease loyalty rebate since I am turning the car in with 3 lease payments of $494 remaining. The quote they gave me is $515/month for 39 months with no money down except my first month's payment. Any opinions?
The sticker price for this car is $35k. I am not putting ANY money down. $280/month is completely unrealistic. Using a 52% residual value and a .00216 money factor (5%), $1000 rebates and a $3k discount, it comes out to $515. How do you get $280?????????
 
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