2015 Mercedes C Class Lease Questions

Michaell

m2126 said:

Please let me know your thoughts on this. Got the following quote on a C300 4MATIC in So.Cal

MSRP - 46,490.00
Selling - 39,289.00

Sales Tax (est) - 3,151.84
Weight fee - 24.00
Registration (est) - 326.00
Flat add/County fee - 10.00
Electronic filing fee - 29.00
Smog abatement fee - 20.00
Doc fee - 80.00

Balance due (est) - 42,929.84


36 Month lease / 15K miles
MF - 0.00156
RV - 60%
Payment - 490/Mo including tax
Drive off - 1000.00

I'm a little confused on the taxes. I thought the taxes are supposed to be only on the portion of the car being used on leases, instead of on the entire purchase price of the car. Sales tax rate is 8% here.

I'm having trouble coming up with the same payment when I calculate this.

Thanks in advance.

I agree .. the 8% should be applied to the pre-tax lease payment only, not the entire selling price. I've been seeing this more and more in CA - no idea why.

That said, the base MF on the 2015 C300 4Matic is only .00136 this month, so your dealer is marking that up on you for extra profit. I agree with the 60% residual for 36/15.

If I back out the sales tax from the balance due, I get a pre-tax payment of $422.15; $455.92 after tax.

m2126

Below is an email I just got from the dealer when I asked for more details regards to how taxes are paid. Also, they mentioned in the email that the "Balance due" is just showing the cash balance due if I was to purchase the car.

Still can't calculate their payment. Is the disposition fee of $595 paid at the start of the lease or at the end? I'm trying to find all the hidden fees...

-----------------------

New 2015 MERCEDES BENZ C CLASS C300W4 4dr Sdn C300 4MATIC

State: CA County: ORANGE
Lease Term: 36
Total Payment: 489.29
Out of Pocket: 1,000.00
MSRP: 46,490.00
Residual: 27,894.00
Mileage: 15,000


Saturday, January 31, 2015 10:46:00 PM

CUSTOMER DISCLOSURE

Customer Name:
Sale Vehicle: New 2015 MERCEDES BENZ C CLASS C300W4 4dr Sdn C300 4MATIC w/AC , Automatic , Odom: 13 ,

Payment Details
Term 36
Base Payment 453.04
Total Payment 489.29
Purchase Option 28,044.00
MSRP 46,490.00
Est. Miles Per Year 15,000
Disposition Fee 595.00
Excess Mileage Charge 0.25


Amount Due at Signing
1st Month Payment 489.29
Fees & Insurance 489.00
Upfront Taxes 7.53
Cap Reduction (Cash) 14.18
Total Inception Fees 1,000.00

How Inception Fees are Paid
Cash as Drive Off 1,000.00
Total Credits 1,000.00

Remaining Due (Still Owed) 0.00

Total Cash Required on Delivery 1,000.00

Tax Information
Customer State: California Customer County: ORANGE
Type Amount Rate Paid
Cashdown Tax 6.12 6.5000 Upfront
Cashdown Tax 0.47 0.5000 Upfront
Cashdown Tax 0.94 1.0000 Upfront
Monthly Tax 29.45 6.5000 Capped
Monthly Tax 2.27 0.5000 Capped
Monthly Tax 4.53 1.0000 Capped

Fee Information
Description Amount Paid
Doc Fee 80.00 Upfront
Registration 326.00 Upfront
Flat Add/County Fee 10.00 Upfront
WeightFee 24.00 Upfront
Electronic Filing 29.00 Upfront
Smog Abatement Fee 20.00 Upfront

Michaell

m2126 said:

Below is an email I just got from the dealer when I asked for more details regards to how taxes are paid. Also, they mentioned in the email that the "Balance due" is just showing the cash balance due if I was to purchase the car.

Still can't calculate their payment. Is the disposition fee of $595 paid at the start of the lease or at the end? I'm trying to find all the hidden fees...

-----------------------

New 2015 MERCEDES BENZ C CLASS C300W4 4dr Sdn C300 4MATIC

State: CA County: ORANGE
Lease Term: 36
Total Payment: 489.29
Out of Pocket: 1,000.00
MSRP: 46,490.00
Residual: 27,894.00
Mileage: 15,000


Saturday, January 31, 2015 10:46:00 PM

CUSTOMER DISCLOSURE

Customer Name:
Sale Vehicle: New 2015 MERCEDES BENZ C CLASS C300W4 4dr Sdn C300 4MATIC w/AC , Automatic , Odom: 13 ,

Payment Details
Term 36
Base Payment 453.04
Total Payment 489.29
Purchase Option 28,044.00
MSRP 46,490.00
Est. Miles Per Year 15,000
Disposition Fee 595.00
Excess Mileage Charge 0.25


Amount Due at Signing
1st Month Payment 489.29
Fees & Insurance 489.00
Upfront Taxes 7.53
Cap Reduction (Cash) 14.18
Total Inception Fees 1,000.00

How Inception Fees are Paid
Cash as Drive Off 1,000.00
Total Credits 1,000.00

Remaining Due (Still Owed) 0.00

Total Cash Required on Delivery 1,000.00

Tax Information
Customer State: California Customer County: ORANGE
Type Amount Rate Paid
Cashdown Tax 6.12 6.5000 Upfront
Cashdown Tax 0.47 0.5000 Upfront
Cashdown Tax 0.94 1.0000 Upfront
Monthly Tax 29.45 6.5000 Capped
Monthly Tax 2.27 0.5000 Capped
Monthly Tax 4.53 1.0000 Capped

Fee Information
Description Amount Paid
Doc Fee 80.00 Upfront
Registration 326.00 Upfront
Flat Add/County Fee 10.00 Upfront
WeightFee 24.00 Upfront
Electronic Filing 29.00 Upfront
Smog Abatement Fee 20.00 Upfront

The disposition fee is paid at the end of the lease if you do not buy/lease another MB. There should be a bank or acquisition fee somewhere in there ... $795 for MB.

Ask them for the "net" cap cost and get them to explain how they arrived at that number.

malfaqih92

Hey Everyone. Just leased a brand new 2015 c300 4matic In northern virginia (washington dc metro area).

This is my deal so you guys can have a frame of reference

MSRP $49820
Selling Price $41186
Acquisitions Fee $1095
Taxes: 4.05% of the selling price
Registration (transfer tags) $92.50
Processing fee $299
Residual 62% for 36 months 12k miles a year
Money Factor .00126 (AutoPay)
Monthly payment $458.87
Total out of pocket at signing $960.00 (includes first month)

I always used the accelerator lease loyalty. They waived the last 3 monthly payments on my 2012 C-class lease.

My selling price included AMA fleet discount of $3500.00 but if your not qualified for that discount then your eligible for the regular incentive and I believe its only $1000 difference some where around $2500.00

Basically you can find a dealer to give you $7000 to $7500 off without qualifying for the AMA fleet discount.

Michaell

malfaqih92 said:

Hey Everyone. Just leased a brand new 2015 c300 4matic In northern virginia (washington dc metro area).

This is my deal so you guys can have a frame of reference

MSRP $49820
Selling Price $41186
Acquisitions Fee $1095
Taxes: 4.05% of the selling price
Registration (transfer tags) $92.50
Processing fee $299
Residual 62% for 36 months 12k miles a year
Money Factor .00126 (AutoPay)
Monthly payment $458.87
Total out of pocket at signing $960.00 (includes first month)

I always used the accelerator lease loyalty. They waived the last 3 monthly payments on my 2012 C-class lease.

My selling price included AMA fleet discount of $3500.00 but if your not qualified for that discount then your eligible for the regular incentive and I believe its only $1000 difference some where around $2500.00

Basically you can find a dealer to give you $7000 to $7500 off without qualifying for the AMA fleet discount.

Congratulations! Enjoy your new MB.

penny1212

Hello - Could you please give the MF and residual on a 2015 C300 but not a 4matic? I am in North Carolina. Thanks.

Michaell

penny1212 said:

Hello - Could you please give the MF and residual on a 2015 C300 but not a 4matic? I am in North Carolina. Thanks.

.00136 and 60% for 36/15.

lfast

Looking at a 2015 C300 RWD Sport with Premium and Multimedia in Northern CA.

Anyone use a USAA incentive for a lease? It's a $3000 incentive, but I need to figure out if it's for buying only. I do have access to our work Fleet Employee Program, but that's $500.

Also, anyone know the MF and residual on a lease for 36/10 and 36/12?
And is the MF discount for auto-pay for all states/leases?

Thanks.

kyfdx

lfast said:

Looking at a 2015 C300 RWD Sport with Premium and Multimedia in Northern CA.

Anyone use a USAA incentive for a lease? It's a $3000 incentive, but I need to figure out if it's for buying only. I do have access to our work Fleet Employee Program, but that's $500.

Also, anyone know the MF and residual on a lease for 36/10 and 36/12?
And is the MF discount for auto-pay for all states/leases?

Thanks.

.00136 MF and 63%/62% residual. Auto-pay discounts should be good, everywhere, I think.

Program for AWD model is identical.

rone803

lfast said:

Looking at a 2015 C300 RWD Sport with Premium and Multimedia in Northern CA.

Anyone use a USAA incentive for a lease? It's a $3000 incentive, but I need to figure out if it's for buying only. I do have access to our work Fleet Employee Program, but that's $500.

Also, anyone know the MF and residual on a lease for 36/10 and 36/12?
And is the MF discount for auto-pay for all states/leases?

Thanks.

Yes you can use it. I used it last month.

takman

Would you be kind to let me know the latest MF and residual on a lease for C400/C300 4Matic 36 months/10K in Chicago area? Thank you so much.

mattatx

Hey folks!

Does anyone happen to be current on MF and residual on a lease for a:

2015 C300 (not 4Matic)

24/12K
36/12K

In Texas?

Thank you in advance! Looking at signing on the papers today, so if you could share something soon it would be great!

lfast

rone803 said:

lfast said:

Looking at a 2015 C300 RWD Sport with Premium and Multimedia in Northern CA.

Anyone use a USAA incentive for a lease? It's a $3000 incentive, but I need to figure out if it's for buying only. I do have access to our work Fleet Employee Program, but that's $500.

Also, anyone know the MF and residual on a lease for 36/10 and 36/12?
And is the MF discount for auto-pay for all states/leases?

Thanks.

Yes you can use it. I used it last month.

Hey Rone803- Did you tell them about the incentive after you negotiated the lease? And then they deducted that amount from the cap cost?

thanks.

Michaell

takman said:

Would you be kind to let me know the latest MF and residual on a lease for C400/C300 4Matic 36 months/10K in Chicago area? Thank you so much.

C300 - .00136 and 63%

C400 - standard MF (.0018-.0020) and 61%

Michaell

mattatx said:

Hey folks!

Does anyone happen to be current on MF and residual on a lease for a:

2015 C300 (not 4Matic)

24/12K
36/12K

In Texas?

Thank you in advance! Looking at signing on the papers today, so if you could share something soon it would be great!

.00136 and 68% / 62%

mattatx

Thanks.

macastel

Can somebody please double check my numbers for lease payments on a C400
Msrp 52,205
36mo/12K
Philadelphia
Totall out of pocket 5,000 dollars
I am getting around $600/mo in my calculation with standard MF of 0.0020 and 61% rv (per Michaell). No incentives or discounts. Is this correct? I am also assuming 6% tax in PA for leasing (I am not sure of this since I heard it could be as high as 9%? Any help would be greatly appreciated.

Michaell

macastel said:

Can somebody please double check my numbers for lease payments on a C400
Msrp 52,205
36mo/12K
Philadelphia
Totall out of pocket 5,000 dollars
I am getting around $600/mo in my calculation with standard MF of 0.0020 and 61% rv (per Michaell). No incentives or discounts. Is this correct? I am also assuming 6% tax in PA for leasing (I am not sure of this since I heard it could be as high as 9%? Any help would be greatly appreciated.

Not enough information .. we need to know the selling price (actually, the net cap cost).

And, how much of the $5000 is going to cap cost reduction (down payment)?

Yes, tax on leases in PA is 9%.

jjg5504

Hi All,

I am going to order a new C300 4Matic in PA to replace my 2013 C300 that is coming to term later in the year. Here is the deal 36 mo/12K miles per year
MSRP $51,445
Selling Price $43,213
Acq. Fee $795
Maintenance $975
MF w/ auto pay .00128

$503.51/mo with $653.51 due at signing (first month + tag transfer fee)

Do you think I should try to negotiate more off of selling price?

Michaell

jjg5504 said:

Hi All,

I am going to order a new C300 4Matic in PA to replace my 2013 C300 that is coming to term later in the year. Here is the deal 36 mo/12K miles per year
MSRP $51,445
Selling Price $43,213
Acq. Fee $795
Maintenance $975
MF w/ auto pay .00128

$503.51/mo with $653.51 due at signing (first month + tag transfer fee)

Do you think I should try to negotiate more off of selling price?

That's about the only way you will see a lower payment - you're already getting more than $8K off. My numbers work out exactly the same as yours to the penny when I add in the Acquisition Fee and the Maintenance to the selling price.

macastel

Michaell said:

macastel said:

Can somebody please double check my numbers for lease payments on a C400
Msrp 52,205
36mo/12K
Philadelphia
Totall out of pocket 5,000 dollars
I am getting around $600/mo in my calculation with standard MF of 0.0020 and 61% rv (per Michaell). No incentives or discounts. Is this correct? I am also assuming 6% tax in PA for leasing (I am not sure of this since I heard it could be as high as 9%? Any help would be greatly appreciated.

Not enough information .. we need to know the selling price (actually, the net cap cost).

And, how much of the $5000 is going to cap cost reduction (down payment)?

Yes, tax on leases in PA is 9%.

I dont have the selling price since at the time of sending the post I had not talked to a dealer. So I was jus trying to get an idea of the payments knowing that they will probably get better with the incentives and negociation of the final selling price. I now realize we need more info regarding on how the money down will be applied to lowering the payments...

So, I went to the dealer today and they had a hard time finding a C400 with the options I want. They did gave me the MF at 0.0028 (they claim that is the standard) so that makes de c400 a bad car to lease. Also de rv was 58% instead of the 61%. They did gave me about 5K discount.

On the other hand they offered me to lease a 2014 E350 that was a loaner with 7,000 miles. MSRP (back in 2014 of course) $61,000
Selling price of $43,000
MF 0,00195
Rv 58%
$4000 down
With payments of $443 (including 9% tax)

How good is thois deal? The car was loaded with every option and there are no changes between 2014 and 15 Models. But it feels weird to lease a used vehicle. Thoughts?

humbhidesi

Hello All. I am interested in leasing a 2015 C300 4 door sedan with AWD and the standard engine. I live in NJ and plan to lease it for 36 months with 12K miles per year. What is the money factor and residual value for this car and what kind of discount will be available off MSRP ( The car I was looking for had a MSRP of around $45000)? I am having a tough time with dealers here in NJ as nobody is willing to knock of more than $6000 off the MSRP of $45000 and I see buyers getting around $7500-$8000 off in other states for cars with $45000 MSRP.

Please send me the name of a NJ dealer along with the sales persons name who can offer the best offer based on your experiences. Also would appreciate best lease details. If I happen to go by the purchase route, will the price paid for the car be any different.

Thanks in advance.

kyfdx

macastel said:

Michaell said:

macastel said:

Can somebody please double check my numbers for lease payments on a C400
Msrp 52,205
36mo/12K
Philadelphia
Totall out of pocket 5,000 dollars
I am getting around $600/mo in my calculation with standard MF of 0.0020 and 61% rv (per Michaell). No incentives or discounts. Is this correct? I am also assuming 6% tax in PA for leasing (I am not sure of this since I heard it could be as high as 9%? Any help would be greatly appreciated.

Not enough information .. we need to know the selling price (actually, the net cap cost).

And, how much of the $5000 is going to cap cost reduction (down payment)?

Yes, tax on leases in PA is 9%.

I dont have the selling price since at the time of sending the post I had not talked to a dealer. So I was jus trying to get an idea of the payments knowing that they will probably get better with the incentives and negociation of the final selling price. I now realize we need more info regarding on how the money down will be applied to lowering the payments...

So, I went to the dealer today and they had a hard time finding a C400 with the options I want. They did gave me the MF at 0.0028 (they claim that is the standard) so that makes de c400 a bad car to lease. Also de rv was 58% instead of the 61%. They did gave me about 5K discount.

On the other hand they offered me to lease a 2014 E350 that was a loaner with 7,000 miles. MSRP (back in 2014 of course) $61,000
Selling price of $43,000
MF 0,00195
Rv 58%
$4000 down
With payments of $443 (including 9% tax)

How good is thois deal? The car was loaded with every option and there are no changes between 2014 and 15 Models. But it feels weird to lease a used vehicle. Thoughts?

It wouldn't bother me to lease a loaner, assuming it will be under warranty for the entire term of the lease. One issue is you might be more likely to need tires, with the extra mileage.
We don't have anyway of knowing their costs on the loaner, or the lease program. But, I would bargain hard.. I've leased two BMW service loaners in the past... with no issues.

PA has an extra 3% tax on leases.. so, if your rate is 6%, the tax on the lease will be 9%.

Michaell

humbhidesi said:

Hello All. I am interested in leasing a 2015 C300 4 door sedan with AWD and the standard engine. I live in NJ and plan to lease it for 36 months with 12K miles per year. What is the money factor and residual value for this car and what kind of discount will be available off MSRP ( The car I was looking for had a MSRP of around $45000)? I am having a tough time with dealers here in NJ as nobody is willing to knock of more than $6000 off the MSRP of $45000 and I see buyers getting around $7500-$8000 off in other states for cars with $45000 MSRP.

Please send me the name of a NJ dealer along with the sales persons name who can offer the best offer based on your experiences. Also would appreciate best lease details. If I happen to go by the purchase route, will the price paid for the car be any different.

Thanks in advance.

.00136 and 62% for 36/12.

humbhidesi

Michaell said:

humbhidesi said:

Hello All. I am interested in leasing a 2015 C300 4 door sedan with AWD and the standard engine. I live in NJ and plan to lease it for 36 months with 12K miles per year. What is the money factor and residual value for this car and what kind of discount will be available off MSRP ( The car I was looking for had a MSRP of around $45000)? I am having a tough time with dealers here in NJ as nobody is willing to knock of more than $6000 off the MSRP of $45000 and I see buyers getting around $7500-$8000 off in other states for cars with $45000 MSRP.

Please send me the name of a NJ dealer along with the sales persons name who can offer the best offer based on your experiences. Also would appreciate best lease details. If I happen to go by the purchase route, will the price paid for the car be any different.

Thanks in advance.

.00136 and 62% for 36/12.

Thanks.

1) What about the money factor and residual value if it was as 36/15 lease schedule.

2) Also, I would appreciate the name of the dealer in NJ where I can get the best negotiated rates. I am having a hard time finding one.

3) If I happen to go by the purchase route, will the price paid for the car be different?

Michaell

humbhidesi said:

Michaell said:

humbhidesi said:

Hello All. I am interested in leasing a 2015 C300 4 door sedan with AWD and the standard engine. I live in NJ and plan to lease it for 36 months with 12K miles per year. What is the money factor and residual value for this car and what kind of discount will be available off MSRP ( The car I was looking for had a MSRP of around $45000)? I am having a tough time with dealers here in NJ as nobody is willing to knock of more than $6000 off the MSRP of $45000 and I see buyers getting around $7500-$8000 off in other states for cars with $45000 MSRP.

Please send me the name of a NJ dealer along with the sales persons name who can offer the best offer based on your experiences. Also would appreciate best lease details. If I happen to go by the purchase route, will the price paid for the car be any different.

Thanks in advance.

.00136 and 62% for 36/12.

Thanks.

1) What about the money factor and residual value if it was as 36/15 lease schedule.

2) Also, I would appreciate the name of the dealer in NJ where I can get the best negotiated rates. I am having a hard time finding one.

3) If I happen to go by the purchase route, will the price paid for the car be different?

Same MF; subtract 2% for 15K miles

I live in Colorado; I don't know which dealers in NJ would be best for you to work with

Price paid should be the same regardless of purchase or lease.

wantonwaste

Mercedes makes good cars and has a generally positive corporate reputation. However in buying or leasing a Mercedes beware Mercedes Benz Financial Services (MBF). I will spare you my tale of woe with this dubious organization. What I will do is to urge you to practice caution.



First, closely read the lease or finance agreement. You will find that MBF grants themselves extraordinary powers of collection and repossession. The presumption is they are always in the right and you always in the wrong. The agreements also require you to waive your basic consumer and legal rights. You might ask what sort of organization would wish to treat their customers in this manner. Therefore, do the research.



Research other customer’s experiences. The primary review site for credit granters is Credit Karma (https://www.creditkarma.com/reviews/auto-loan/single/id/mercedes-benz-financial). A full 80% of reviewers give MBF the lowest possible rating. The titles of the first two pages of reviews tell all:



1. Worst financial service company,

2. Horrible Customer Service,

3. No problems with Mercedes-Benz Financial,

4. Terrible service,

5. Avoid at all costs,

6. MB Financial is arrogant,

7. Arrogant and rude service,

8. WORST SERVICE EVER RECEIVED,

9. Just Greedy,

10. Fed up,

11. Unethical organization,

12. Unethical,

13. No more.



There is always a chance that you will be the one in thirteen that is not abused, but your odds are not good.



If you still are not convinced read a recent Wisconsin Supreme Court decision against MBF (http://www.wicourts.gov/sc/opinion/DisplayDocument.pdf?content=pdf&seqNo=67711) You will quickly understand why MBF so wants you waive your rights to sue and why you really need those rights.



Know your alternatives. There are other, reputable, finance options. There are also the BMW and Audi dealerships just down the street.

Michaell

wantonwaste said:

Mercedes makes good cars and has a generally positive corporate reputation. However in buying or leasing a Mercedes beware Mercedes Benz Financial Services (MBF). I will spare you my tale of woe with this dubious organization. What I will do is to urge you to practice caution.

First, closely read the lease or finance agreement. You will find that MBF grants themselves extraordinary powers of collection and repossession. The presumption is they are always in the right and you always in the wrong. The agreements also require you to waive your basic consumer and legal rights. You might ask what sort of organization would wish to treat their customers in this manner. Therefore, do the research.

Research other customer’s experiences. The primary review site for credit granters is Credit Karma (https://www.creditkarma.com/reviews/auto-loan/single/id/mercedes-benz-financial). A full 80% of reviewers give MBF the lowest possible rating. The titles of the first two pages of reviews tell all:

1. Worst financial service company,
2. Horrible Customer Service,
3. No problems with Mercedes-Benz Financial,
4. Terrible service,
5. Avoid at all costs,
6. MB Financial is arrogant,
7. Arrogant and rude service,
8. WORST SERVICE EVER RECEIVED,
9. Just Greedy,
10. Fed up,
11. Unethical organization,
12. Unethical,
13. No more.

There is always a chance that you will be the one in thirteen that is not abused, but your odds are not good.

If you still are not convinced read a recent Wisconsin Supreme Court decision against MBF (http://www.wicourts.gov/sc/opinion/DisplayDocument.pdf?content=pdf&seqNo=67711) You will quickly understand why MBF so wants you waive your rights to sue and why you really need those rights.

Know your alternatives. There are other, reputable, finance options. There are also the BMW and Audi dealerships just down the street.

While I'm not a lawyer nor have I read any of the contracts mentioned, I would be surprised if the BMW or Audi lease contracts were materially different than the one from MB when it comes to issues like arbitration.

Lots of folks have come to these boards to ask questions about leasing a Mercedes Benz; not once have I heard a complaint like this leveled against MBFS.

Caveat Emptor!

carbuyinginaz

I just looked at a Mercedes C300 today. Here are the lease terms I was offered in Scottsdale, Arizona. Please let me know if better deals are possible.
MSRP $49,585
Selling Price $45,474 (includes $1095 acquisition fee)
Residual 62%
MF .00136
Term 36 months / 12,000 miles
Tax 8.3%
License fee $662.87
Title service fee $250.00
Turn in fee $695 (dealer said this wasn't negotiable....really?)
Amt due at start $1,468.29
Monthly payment $555.42

Michaell

carbuyinginaz said:

I just looked at a Mercedes C300 today. Here are the lease terms I was offered in Scottsdale, Arizona. Please let me know if better deals are possible.
MSRP $49,585
Selling Price $45,474 (includes $1095 acquisition fee)
Residual 62%
MF .00136
Term 36 months / 12,000 miles
Tax 8.3%
License fee $662.87
Title service fee $250.00
Turn in fee $695 (dealer said this wasn't negotiable....really?)
Amt due at start $1,468.29
Monthly payment $555.42

Using the numbers provided (which I confirm, BTW), I get a payment matching the dealer quote, to the penny.

Only way to get a better deal is to negotiate a better selling price or use autopay to reduce the MF to .00126.

carbuyinginaz

I don't hear anyone on this forum discussing turn in fees. Is this negotiable?

Michaell

carbuyinginaz said:

I don't hear anyone on this forum discussing turn in fees. Is this negotiable?

Disposition fees are imposed by the bank and are not negotiable.

takman

I have a quote from a local MB dealership and would like to ask your opinion.

C400 4Matic 7500 mile/year, 36 month deal
MSRP $59,295 including destination
Base Cap Cost $53,295 ($6,000 discount)
Acquisition and additional fee $1,295
Cap Cost Reduction $2,500 Equity on the previous lease and $3,000 cash down, Total $5,500!
Adjusted Cap Cost $49090.0
Residual Value (58%) $34,391
Money Factor 0.00245
TAX (8.25% applies to Depreciation+Finance Charge+Down cash Payment)

Monty payment including tax $680+

I put $680+ as the dealer's figure does not match up to the number I calculated using any lease calculators out there (or my math). They were initially asking for $800+/mo. Needless to say, I said good bye to them but is this what we expect for C400? Thank you very much for your input.

Michaell

takman said:

I have a quote from a local MB dealership and would like to ask your opinion.

C400 4Matic 7500 mile/year, 36 month deal
MSRP $59,295 including destination
Base Cap Cost $53,295 ($6,000 discount)
Acquisition and additional fee $1,295
Cap Cost Reduction $2,500 Equity on the previous lease and $3,000 cash down, Total $5,500!
Adjusted Cap Cost $49090.0
Residual Value (58%) $34,391
Money Factor 0.00245
TAX (8.25% applies to Depreciation+Finance Charge+Down cash Payment)

Monty payment including tax $680+

I put $680+ as the dealer's figure does not match up to the number I calculated using any lease calculators out there (or my math). They were initially asking for $800+/mo. Needless to say, I said good bye to them but is this what we expect for C400? Thank you very much for your input.

The C400 uses the standard MB money factor (around .00200) - your dealer is marking that up on you for a bit of extra profit.

58% is the 36/15 residual; add 4% for 7500 miles per year.

We do not recommend using trade equity or cash to reduce the cap cost. As the C400 is using the standard MF, consider using that money for MSDs to buy down the MF. You will get that money back at the end of the lease.

I think you were right to walk. C400's will be expensive to lease due to the high MF, but the dealer was adding costs every chance they got.

takman

Michaell said:

takman said:

I have a quote from a local MB dealership and would like to ask your opinion.

C400 4Matic 7500 mile/year, 36 month deal
MSRP $59,295 including destination
Base Cap Cost $53,295 ($6,000 discount)
Acquisition and additional fee $1,295
Cap Cost Reduction $2,500 Equity on the previous lease and $3,000 cash down, Total $5,500!
Adjusted Cap Cost $49090.0
Residual Value (58%) $34,391
Money Factor 0.00245
TAX (8.25% applies to Depreciation+Finance Charge+Down cash Payment)

Monty payment including tax $680+

I put $680+ as the dealer's figure does not match up to the number I calculated using any lease calculators out there (or my math). They were initially asking for $800+/mo. Needless to say, I said good bye to them but is this what we expect for C400? Thank you very much for your input.

The C400 uses the standard MB money factor (around .00200) - your dealer is marking that up on you for a bit of extra profit.

58% is the 36/15 residual; add 4% for 7500 miles per year.

We do not recommend using trade equity or cash to reduce the cap cost. As the C400 is using the standard MF, consider using that money for MSDs to buy down the MF. You will get that money back at the end of the lease.

I think you were right to walk. C400's will be expensive to lease due to the high MF, but the dealer was adding costs every chance they got.

Thank you so much for your advice. We tried hard, but they just wouldn't budge. I guess they like to keep C400 in their lot.......

Michaell

takman said:

Michaell said:

takman said:

I have a quote from a local MB dealership and would like to ask your opinion.

C400 4Matic 7500 mile/year, 36 month deal
MSRP $59,295 including destination
Base Cap Cost $53,295 ($6,000 discount)
Acquisition and additional fee $1,295
Cap Cost Reduction $2,500 Equity on the previous lease and $3,000 cash down, Total $5,500!
Adjusted Cap Cost $49090.0
Residual Value (58%) $34,391
Money Factor 0.00245
TAX (8.25% applies to Depreciation+Finance Charge+Down cash Payment)

Monty payment including tax $680+

I put $680+ as the dealer's figure does not match up to the number I calculated using any lease calculators out there (or my math). They were initially asking for $800+/mo. Needless to say, I said good bye to them but is this what we expect for C400? Thank you very much for your input.

The C400 uses the standard MB money factor (around .00200) - your dealer is marking that up on you for a bit of extra profit.

58% is the 36/15 residual; add 4% for 7500 miles per year.

We do not recommend using trade equity or cash to reduce the cap cost. As the C400 is using the standard MF, consider using that money for MSDs to buy down the MF. You will get that money back at the end of the lease.

I think you were right to walk. C400's will be expensive to lease due to the high MF, but the dealer was adding costs every chance they got.

Thank you so much for your advice. We tried hard, but they just wouldn't budge. I guess they like to keep C400 in their lot.......

Look at it from the dealer's perspective ... they probably won't get too many C400's, so they'll want to maximize the profit on every one they get. C300's are the bread and butter sedan - better MF and deals to be made on those.

richardnva

I was just quoted a MF of .00201 and residual of 63% on a C300 with MSRP of $47165, sales price of $42,665. With taxes ($1,834.30) and fees ($575.75) the total sales price is $45,075.05. The price sheet lists the monthly payment at $610-$630 for a 36 month / 10,000 lease. I ran the numbers through the lease calculator and don't get the same numbers... question:

do you use the residual rate on the net sales price after taxes/fees or before?
Why is there a range for the monthly payment of $610-$630?
The money factor looks higher than what I've seen on this forum, is the dealer marking this up?

I'm surprised the monthly payment is so high with a discount of $4500 off of MSRP I thought I see something in the low 500s.
Would appreciate your insight into this.
Thanks!

Michaell

richardnva said:

I was just quoted a MF of .00201 and residual of 63% on a C300 with MSRP of $47165, sales price of $42,665. With taxes ($1,834.30) and fees ($575.75) the total sales price is $45,075.05. The price sheet lists the monthly payment at $610-$630 for a 36 month / 10,000 lease. I ran the numbers through the lease calculator and don't get the same numbers... question:

do you use the residual rate on the net sales price after taxes/fees or before?
Why is there a range for the monthly payment of $610-$630?
The money factor looks higher than what I've seen on this forum, is the dealer marking this up?

I'm surprised the monthly payment is so high with a discount of $4500 off of MSRP I thought I see something in the low 500s.

Would appreciate your insight into this.
Thanks!

The residual is calculated against the MSRP, not the selling price.

MF is absolutely marked up on you

Not sure why the dealer gave you a range; it may be dependent on what you pay up front and what you decide to roll into the lease.

richardnva

Thanks. Is there a standard MF from MB that I should look for? I've seen quotes in this forum between .00126 and .00135. The 126 number was from someone who looks like they received an extra break for "autopay", is that common with MB? I leased with a few other brands and never received a discount for autopay. The range on the payment is wierd, they are quoting $610-$630 if I put $611 down, and $552-$572 if I put $2,500 down. Is it because they haven't run my credit score yet, and change the rate based on my credit score? Thanks for your advice.

kyfdx

richardnva said:

Thanks. Is there a standard MF from MB that I should look for? I've seen quotes in this forum between .00126 and .00135. The 126 number was from someone who looks like they received an extra break for "autopay", is that common with MB? I leased with a few other brands and never received a discount for autopay. The range on the payment is wierd, they are quoting $610-$630 if I put $611 down, and $552-$572 if I put $2,500 down. Is it because they haven't run my credit score yet, and change the rate based on my credit score? Thanks for your advice.

For the RWD C300, the base money factor is .00136. Base is not the same as standard. The standard money factor is the one Mercedes uses on models that don't have a discounted money factor.

Autopay does indeed drop the money factor by .00010. I've only seen that with MB Finance.

I'm sure the range is due to credit score.... but, either way.. that's a big payment for a C300

jjg5504

Any changes on the program for the C300 this month?

devius

Hello, was quoted the following on a 2015 C300W Sport RWD:
MSRP: $51205
Cap Cost: $44,975
Money Factor: .00136
Residual Value: $27789.50 (sorry don't have the percentage)
No money down, only out of pocket fees like motor vehicle fees, etc.
36 month lease, with 10k miles/yr

Is the money factor and residual value correct? What kind of monthly payment can I expect? Apologies for not having the residual value as a percentage, my mom is actually feeding me these numbers as this car is for her. The salesman gave her the dollar figure instead of the percentage.

Thanks!

jmpage2

What is the base MF for C300 in March? Dealer is quoting me .00176 which seems to be somewhat inflated.

kyfdx

jjg5504 said:

Any changes on the program for the C300 this month?

Nope

kyfdx

jmpage2 said:

What is the base MF for C300 in March? Dealer is quoting me .00176 which seems to be somewhat inflated.

.00136

kyfdx

devius said:

Hello, was quoted the following on a 2015 C300W Sport RWD:
MSRP: $51205
Cap Cost: $44,975
Money Factor: .00136
Residual Value: $27789.50 (sorry don't have the percentage)
No money down, only out of pocket fees like motor vehicle fees, etc.
36 month lease, with 10k miles/yr

Is the money factor and residual value correct? What kind of monthly payment can I expect? Apologies for not having the residual value as a percentage, my mom is actually feeding me these numbers as this car is for her. The salesman gave her the dollar figure instead of the percentage.

Thanks!

The residual for 36mo, 10K/yr is 63%, which would be $32,259. You sure about that MSRP?

The money factor is correct...

Using my residual, I get a payment of $566/mo.

devius

kyfdx said:

devius said:

Hello, was quoted the following on a 2015 C300W Sport RWD:
MSRP: $51205
Cap Cost: $44,975
Money Factor: .00136
Residual Value: $27789.50 (sorry don't have the percentage)
No money down, only out of pocket fees like motor vehicle fees, etc.
36 month lease, with 10k miles/yr

Is the money factor and residual value correct? What kind of monthly payment can I expect? Apologies for not having the residual value as a percentage, my mom is actually feeding me these numbers as this car is for her. The salesman gave her the dollar figure instead of the percentage.

Thanks!

The residual for 36mo, 10K/yr is 63%, which would be $32,259. You sure about that MSRP?

The money factor is correct...

Using my residual, I get a payment of $566/mo.

Sorry, the MSRP is actually $50,280. The MSRP in my original post included a destination and delivery fee of $925. This is from a dealer in VA. Tax would be for NC, that's where my mom lives. Looks like he is definitely falling short on the residual huh?

Michaell

devius said:

kyfdx said:

devius said:

Hello, was quoted the following on a 2015 C300W Sport RWD:
MSRP: $51205
Cap Cost: $44,975
Money Factor: .00136
Residual Value: $27789.50 (sorry don't have the percentage)
No money down, only out of pocket fees like motor vehicle fees, etc.
36 month lease, with 10k miles/yr

Is the money factor and residual value correct? What kind of monthly payment can I expect? Apologies for not having the residual value as a percentage, my mom is actually feeding me these numbers as this car is for her. The salesman gave her the dollar figure instead of the percentage.

Thanks!

The residual for 36mo, 10K/yr is 63%, which would be $32,259. You sure about that MSRP?

The money factor is correct...

Using my residual, I get a payment of $566/mo.

Sorry, the MSRP is actually $50,280. The MSRP in my original post included a destination and delivery fee of $925. This is from a dealer in VA. Tax would be for NC, that's where my mom lives. Looks like he is definitely falling short on the residual huh?

The residual is set by the bank and cannot be altered by the dealer. Make sure they are quoting the residual for 36/10.

ravibhai

hi,
in NY, is this a good deal on C300W4 2015, full loaded except for 18" wheels

MSRP: $46800
INVOICE: $44500
RV: 64%
MF: 3%
monthly: $500
down: 0
fee's(doc,reg, tax..): extra

Michaell

ravibhai said:

hi,
in NY, is this a good deal on C300W4 2015, full loaded except for 18" wheels

MSRP: $46800
INVOICE: $44500
RV: 64%
MF: 3%
monthly: $500
down: 0
fee's(doc,reg, tax..): extra

What lease term and how many miles per year?