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Mercedes-Benz CLK Class Prices Paid and Buying Experience

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Comments

  • Looking to lease an 07 or 08 CLK550 Cab in Northern California.

    Can you help with the current money factor and residual for 27 months with 7500 miles/yr?

    One dealer was quoting .0016 and 70%, another was .0019 and 71%, both for a 2008. Is either one right? And, what are the rates for a 2007?

    Many thanks in advance
  • Are you still out there???? Can you help with my inquiry above?
  • Hi Everyone -

    I'm interested in a 2007 or 2008 CLK 350 Cabriolet.

    Does anyone have the current MF & Residual for those 2 cars? would it be better to lease a new one than a discounted 2007?

    Thanks!
  • I am paying 600 a month for a 2005 clk320. Lease is up feb 3. I inquired about extending, I only have 25,000 miles on the car. $692 for 6 months and 660 for a year. Or I could purchase the car, the residual is 30,800 but they said they would take off $3400. Is it worth it?
  • cneffcneff Posts: 65
    are you leasing with MB Financial? I've extended leases a few times and the monthly payment always went down.
  • yes it is MB financial. I thought it would go down also being I'm really under the milage.
  • vinnynyvinnyny Posts: 772
    If you like the car and it has no problems, buy it. There's lots of cheap money out there and $27400 doesn't sound excessive. I'd try to get them to "certify" it as part of the deal.
  • I don't know, looking at the new cars I'm thinking about it. My husband is a GM employee and I can get a good price on a CTS. Looked at them and they are really nice. I have a few months yet so keeping my options open.
  • vinnynyvinnyny Posts: 772
    I like the new CTS very much. However, it's tough going from a convertible to a sedan. I sold my BMW 330 convertible and bought a C350 two months ago. I miss the convertible almost every day. You did say it was a cabriolet, didn't you?
  • bill124bill124 Posts: 242
    My lease on CLK 320 is up in May 08. I am thinking of going to BMW because I think Mercedes quality is crap (this is my second) and I think they have nerve not to give routine oil changes, etc. as part of car price. My concern is size. How did that 330 compare in size? I use back seat for 2 kids (13 and 7). thanks.
  • No I just have the coupe. I don't know if I would ever put the top down if I got a convertible. The CTS has a better Warrenty on it I'm just afraid I won't get the service I get with my mercedes. I also heard that they are going to make a CTS coupe next year. I wanted to check out the Audis too, they were coming out with an A6 but its not here yet.

    Oh I was thinking about gettting a C350 insteady of the clk this tiem. Like it?
  • hi everyone,

    question for the host, Car_Man or anyone who is savvy enough to answer;
    Am I getting a good deal on this lease?

    2008 MB CLK350 Coupe

    Lease: 27 months
    Monthly: 488
    Out of pocket: 1600.00 (1st payment, Aquisition Fee, TTL) - in New York

    MSRP: 50,610.00
    Residual: 30,872.00

    Mileage: 10k

    Alabaster White on Stone Grey
    P1 Package
    Heated Front Seats
    IPod Dock

    :shades:
  • vinnynyvinnyny Posts: 772
    My 330 convertible's back seat was unusable once my kids were over three feet tall. When my teenage kids rode in the back, the only way they could do so was to sit cross-legged because there wasn't enough room to plant their feet straight down. Even sitting behind my 5'2" wife was nearly unbearable for anything but short trips.

    That said, my 330 was a 2004 model and the new model may have more rear seat space (but it doesn't look that way to me).
  • bill124bill124 Posts: 242
    Thanks very much. I will take a look at the new models. Lexus is way too small. I may wind up with another CLK but only as a lease becasue I don't want to have to worry about the crap that I have had go wrong with mine. The radio alone kept the car out of action for well over a week. They replaced it and the sound still was garbled. Turned out to be some amplifier outside the radio. What other cars do poeple looking at CLK convertibles consider ? I really didn't want to go up to the 80K range of BMW 745.
  • vinnynyvinnyny Posts: 772
    Unfortunately, you don't really have too many options if you want to carry four people. The 335 and CLK are probably your best choices if you don't want to reach too far up or down. The Chrysler Sebring is probably the most practical 4-seat convertible, but who wants to drive that (except as a vacation rental)?
  • ob995ob995 Posts: 40
    You are paying a boat load for the "Free oil change for the lease term". As I got the almost the same Money Factor(0.002) as you but 68% residual on the same lease terms and miles. The dealer was able to get me higher residual and slightly lower Money Factor by using US Bank over MB Credit and I bought the car on Sept 28. I put $1171 drive off and I am paying $706.91 after tax (8.25% LA County).

    Car I got had the following:

    P2
    P90
    DVD navigation
    Heated Front Seats
    Ipod Integration Kit
    Wood Steering Wheel
    Keyless Go
    MB Phone

    My Car had an MSRP of $65k with a selling price of $57k. Those extra 4k you put down over me is like paying an extra $150 per month over 27 months. So I ended up getting a much more loaded car for a lot less.
  • HI Carman,

    Im looking to Lease a 2008 or 2007 CLK Convertible. I would like 15,000 miles per year. What should I be expecting as a reasonable monthly price including tax. I have gotten a quote of 660 monthly and 1300 down.....It seems a bit high on the monthly I would like to get to about 550 a month incl. tax..... same down..is this possible.. MSRP is about 55,000 or so....
  • hi everybody

    Today I leased a CLK 350 Coupe that I have been wanting to get, and here are some specs and numbers.
    When I went to the website MBusa.com and designed the car, the MSRP came out to be 49525.00.
    This is a White on Ash interior, with only a P1 Package.
    When I signed the paper work I saw very different numbers.
    The Gross Cap Cost is 42671.0 that is a difference of about 7 grand off of MSRP.
    Residual value is at 61%, and off of the MSRP it becomes 30210.25.
    Life of the lease is 27 months, with 22500 miles over the lease, about 833 per month allowed.
    I paid 1600 in Amount Due at Signing, in that $ is the Acquisition Fee, Cap Cost Reduction, Sales Tax, License and Registration fees for NYSDMV and some inspection and doc fees.

    I am paying 485 a month for this car, (tax rolled into payments) but I think I could have done better.
    Carman or you good folks in forums, please give me an opinion and do some math with me to make sense of this lease?

    Thank you. :)
  • coop9coop9 Posts: 2
    I have a 2001 CLK 320 that I bought with 45,000 miles on it for 19,000.00. When i looked at the car fax, it said, that the mileage reading was inconsisten with the age of the car and that it could have been some sort of computer problem.

    I do have malfunction lights (check lamps) that come on every once and a while for no reason but, other than that, I love that car and it's a sexy looking car. I call my car the big booty benz.
  • ob995,

    I'm interested in purchasing a new lease.
    Which MB dealership was you purchase and saleman name?
  • nkf2008 -

    Based on the currently advertised lease special... this sounds like a GREAT deal. I only hope that I can do just as well. The current lease special is for 499 a month with 4k drive off. I like where you ended up and I wish I could get the same deal here in California.

    I am trying to decide between the CLK and E-Class and I am making my decision 100% based upon getting a great deal. :/ Not the smartest way to go... but its me.

    Did you notice that the advertised lease in NY was similar to the 4k down they are advertising here in LA?
  • hey spybond;

    i didnt go through a dealership, I went through a leasing agent, that may be the key to getting this deal.
    I know on the east coast they have a fleet rebate for the dealers, thats why you will see great rates on the MB cars here in Ny/Nj areas.
    Ask your dealer or whoever you are in business with if he is getting a rebate on the car, and if they do fleet rate leasing.
    I was offered E-Class fully loaded for 499 a month, with 2k out of pocket, but I went with a CLK, because I honestly like the coupe better than the E-Class, it wasnt a big money factor difference between the two.

    If you cant get these deals in CA, I would suggest going for a Lexus GS, that was my other choice, but I couldnt wait until December to get that deal, knowing now that Lexus has a good promotion on them.

    Good luck, let me know if you need some info. :)
  • ingberingber Posts: 2
    Car Man,

    I was quoted a 2007 CLK 350 at $612 per month for a P1 package including navigation and 12,000 miles. Is this a good deal? I welcome your response.
  • wazabwazab Posts: 6
    Please advise!

    Is this a really bad deal?
    36 month
    10K/ year
    $668/ month

    money factor sales man said 0.0035 (isn't that reall high)
    MSRP $49,800

    Need help to negotiate a better deal...Thanks
  • cluvnucluvnu Posts: 5
    I am in the market to lease a clk 350 coupe and would like to get the sport style wheels(double 5 spoke) or the larger tires with the ipod ability and the premium package...does anyone know what the money factor and the residual will be for this car and what i can expect to put down to get a payment at 500 with tax....any help would be greatly appreciated!!!
  • That rate is way too high on a 36 month lease. Here are MBC' current January lease rates on the CLK 350.

    2008 Mercedes CLK350 Coupe
    24 Month – Residual 60% of MSRP – .00005 Base Rate
    36 Month – Residual 52% of MSRP – .00075 Base Rate
    48 Month – Residual 46% of MSRP – .00075 Base Rate
    60 Month – Residual 41% of MSRP – .00355 Base Rate

    2008 Mercedes CLK350 Convertible
    24 Month – Residual 66% of MSRP – .00080 Base Rate
    36 Month – Residual 57% of MSRP – .00120 Base Rate
    48 Month – Residual 51% of MSRP – .00120 Base Rate
    60 Month – Residual 45% of MSRP – .00355 Base Rate

    *Rates are based on 10k annual miles. Subtract 2% for 12k miles, subtract 3% for 15k miles.

    As you can see, they are trying to charge you the 60 month rate as oppossed to the 36 month rate.
  • That rate is way too high on a 36 month lease. Here are MBC' current January lease rates on the CLK 350.

    2008 Mercedes CLK350 Coupe
    24 Month – Residual 60% of MSRP – .00005 Base Rate
    36 Month – Residual 52% of MSRP – .00075 Base Rate
    48 Month – Residual 46% of MSRP – .00075 Base Rate
    60 Month – Residual 41% of MSRP – .00355 Base Rate

    2008 Mercedes CLK350 Convertible
    24 Month – Residual 66% of MSRP – .00080 Base Rate
    36 Month – Residual 57% of MSRP – .00120 Base Rate
    48 Month – Residual 51% of MSRP – .00120 Base Rate
    60 Month – Residual 45% of MSRP – .00355 Base Rate

    *Rates are based on 10k annual miles. Subtract 2% for 12k miles, subtract 3% for 15k miles.

    They are definitely marking the rate up on you. Renegotiate!
  • bill124bill124 Posts: 242
    I received a call from a dealer saying that MB USA will allow me to terminate early (within 3 months of termination date) without penalty if I go into another MB. This is not the environment they were in 3 years ago, last time I did this, when dealer said he'd take back car but I had to continue to make all payments !!!

    I told them I'm not quite in the 3 months yet and even if I was, I am not looking to have them add payments into the lease. Dealer assured me this wasn't a gimmick and that MB would allow me out early. Anyone else hear this?
  • It's called a lease payment waiver, and if it is in effect, then they will essentially "eat" your remaining payments, so long as you enter another contract with MBC. Your current lease undoubtedly would need to be through MBC, though.

    Call Mercedes- Benz of North America to confirm:

    1-800-367-6372
  • I posted this in the prices paid and buying forum, but I'll repost it here for you:

    2008 Mercedes CLK350 Coupe
    24 Month – Residual 60% of MSRP – .00005 Base Rate
    36 Month – Residual 52% of MSRP – .00075 Base Rate
    48 Month – Residual 46% of MSRP – .00075 Base Rate
    60 Month – Residual 41% of MSRP – .00355 Base Rate

    As you can see, MBC has excellent lease programs on this vehicle right now. As for the payment you're looking for, I would need to know the MSRP of the exact vehicle you're looking for, then I could give you a more accurate quote.

    I will say, I do not recommend making a cap cost reduction (down payment) on a lease. I'll give Car_Man credit here as he's said it numerous times that you risk losing that money in the instance that your vehicle is totaled or stolen. You should only pay drive offs... 1st mo, registration, acquisition fee, security deposit (if applicable).

    * Above rates are based on 10k annual miles. Subtract 2% for 12k miles, subtract 3% for 15k miles.

    **May vary by region.
This discussion has been closed.