Choice of model years:
The carryover 2020 Challenger is now in healthy supply in most areas. You should be able to find you want without having to hunt. The 2019 Challenger remains in decent supply nationwide.
When you get to the dealer, expect to find a healthy selection of V6-powered Challenger SXT models on hand and enough V8 R/T and T/A models to go around. The high-performance SRT models are produced in far fewer numbers. The SRTs were previously excluded from factory offers, but now carry some of the highest rebates we've ever seen on the Challenger.
Current factory offers will remain in effect through March 2, 2020. Lease promotions listed below are available on a national basis. Rebates and APR offers can vary by region. Figures shown here are for California. Dodge sometimes enhances incentives ahead of President's Day weekend, so keep an eye out.
Cash offers heat up:
The 2019 Challenger SXT and GT now come with a $7,050 rebate for all buyers — the most we've ever seen on these trims.
The rebate on the R/T remains at $3,750. With the available Scat Pack, the rebate jumps to $4,850.
At the top of the lineup, the 2019 SRT Hellcat carries a $7,170 rebate, while the SRT Hellcat Redeye gets a staggering $7,970 rebate.
As for the 2020 Challenger, the SRT models come with a $1,000 rebate, and the other trims carry a $1,250 rebate.
What to expect on a lease:
As before, the 2019 Challenger SXT starts at $319 for 42 months (12,000 miles a year) with $3,949 due at signing.
The effective monthly cost is $413, which is on the high side for this price class. There's a good chance terms will improve before the 2019s sell out.
The 2020 Challenger SXT goes for $349 a month with everything else the same. That's even worse in terms of value, so we'd wait for something better to come along, perhaps by spring.
APR hits 0%:
Instead of the cash rebate on a 2019 Challenger, you can get special financing starting at 0% for 36 months on all trims except the SRT. Terms up to 72 months are available at incrementally higher rates.
The same rates are available on the 2020 Challenger, and you can combine them with this month's rebates.