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2013 and earlier-Mercedes-Benz C-Class Lease Questions

CarMan@EdmundsCarMan@Edmunds Posts: 38,515
edited January 29 in Mercedes-Benz
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes-Benz C-Class. Thanks.

Car_man
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  • smd5smd5 Posts: 18
    Car Man -

    Can you please post the 24 and 36 mos 15k/year, money factor and residual values for the 2006 C230 and C280 4Matic.

    Thanks
  • Here you go smd5. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sport Sedan through Mercedes-Benz Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00350 and 70%, respectively. The numbers for an otherwise identical 36 month lease should be .00310 and 61%. If you were to lease a 2006 C280 4Matic through MBC right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00240 and 59%. I only mentioned the 3 year numbers for the 280 because there is support on 3 year leases of it right now so this is the way to go if you want one.

    Car_man
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  • Car_man:
    Can you please add the lease information (money factor, residuals) for the 2006 C280 4Matic for a 10k and 12k lease for 36 and 48 months? I leased my last MB on a 48 month lease, which at the time, the dealer said was the best way to go on MB leases.
    Thanks!
    Sailorstac
  • Here's the information that you are looking for, sailorstac. According to the latest info that I have seen, if you were to lease a 2006 Mercedes-Benz C280 4Matic Sedan through Mercedes-Benz Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor for consumers who qualify for its Tier 1 credit tier and residual value should be .00240 and 61%, respectively. The numbers for an otherwise identical 48 month lease should be .00240 and 51%. MBC's 10,000 miles per year residual values are 1% higher than its 12,000 miles per residuals. 48 months is a good way to go in this situation, but you also may want to consider leasing for 39 months. Mercedes has been running a special program lately that lets consumers use its 36 month lease program for 39 month leases. Doing so gives three additional months to spread out vehicles' initial depreciation hits and results in a lower monthly payment than a 36 month lease would.

    Car_man
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  • eol9eol9 Posts: 1
    Car_man:

    I leased C240 in June of 2002 - 48mnth/60K miles. I am about 9 months from the completion of the lease and currently at 57K miles. What would you recommend I do?? 1) Prepay for additional miles, 2) Flip the car, 3) Buy the car, 4) Other.

    Also how would I calculate the money factor I received on my lease given that I know the rent charge? I would assume lease rates are more favorable now then they were back in '02.

    Thanks
    EOL9
  • Hi EOL9. While most banks do provide a discount in the amount that they charge lessees for excess miles purchased at lease signing over the price that they charge at lease-end, I suspect that you are too late to get any sort of discount on additional mileage for your car.

    If you know the full MSRP of your car, how much you paid for it, and what its lease-end purchase price (aka residual value) is, you should be able to use the formula that is outlined in the following article to back into your car's approximate lease money factor if you really want to: Calculate Your Own Lease Payment. What's done is done though and there's nothing that you can do about to change your car's money factor at this point so it really doesn't matter.

    In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.

    As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.

    Once you know what your car is worth on the open market versus what it will cost to buy it, you can make an educated decision about whether to purchase it at lease-end or not. If your car is worth more than or around the same as irs purchase price, you can buy it and trade it in (most dealers will facilitate this sort of transaction) or you can buy it and continue to drive it. A bonus to purchasing your vehicle at the end of your lease is that consumers who buy their leased vehicles do not have to pay any sort of penalty for excess mileage or excess wear and tear.

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  • Carman-

    What are the current residual and MF for a c280 4-matic? I was told by a dealer that their "deal" is good through Nov. 30th, but of course it makes sense to figure out on my own what I want to spend before jumping at their deals.

    Looking at 39 month and either 12 or 15k miles.

    Thanks.
  • You're in luck, gold233790. I just had an opportunity to take a look at Mercedes- all new November lease program for this car. If you were to lease a 2006 Mercedes-Benz C280 4Matic through Mercedes-Benz Credit in November for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 59%, respectively assuming that you pay a security deposit, acquisition fee, and qualify for its top credit tier. Its 12,000 miles per year residual value would be 2% higher.

    Car_man
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  • Are the residual and MF for the regular C-280 much different from those you posted above for the 4-matic?
    Also, I'm in Texas where it appears that when leasing a car, the lessee has to pay sales tax on the full value of the car, not just on the portion leased. Are you familiar with this practice and does it make leasing a car in Texas not a good idea financially??

    Thanks -
    Blease
  • hcaganhcagan Posts: 14
    Carman,

    Can you please advise me of the December MB lease rates on a 2006 C280 4matic, 15,000/Yr 39month lease in NY.

    Thanks

    HSC
  • Hi Blease. The Mercedes-Benz lease program for the 2006 C280 without 4Matic is a little worse than the program for ones equipped with this option. Mercedes-Benz Credit's current 36 or 39 month buy rate lease money factor for a 2006 2WD C280 is .00230.

    Unfortunately, I am aware of the annoying way that Texas calculates sales tax on leased vehicles. Many Texas residents get around the high sales tax that is charged on leases by getting balloon notes instead. Balloon notes are very similar to leases, but sales tax is calculated differently on them in your state.

    Car_man
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  • Here's the information that you are looking for, HSC. If you were to lease a 2006 Mercedes-Benz C280 4Matic through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 54%, respectively.

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  • Carman.,

    Please provide me with current MF and Residual for a 2006 C230 Automatic Sedan for a 2yr, 15000mi/yr lease and a 3yr, 15000mi/yr lease. The dealer I am working with is offering to pay my first two lease payments for me. Have you ever heard of that before? Thanks in advance.
  • Here's the information that you're looking for. If you were to lease a 2006 Mercedes-Benz C230 Sedan through Mercedes-Benz Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00235 and 70%, respectively. The numbers for an otherwise identical 36 month lease should be .00210 and 61%. Manufacturers run special programs that waive the first lease payment or two on vehicles from time to time. In fact, Mercedes-Benz has one on the R-Class right now. I haven't heard about this sort of program on the '06 C-Class though. If the dealer is paying for your car's first two lease payments on its own, it could cut into your ability to negotiate the lowest possible selling price because they are eating into their profit to make the payments for you.

    Car_man
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  • i leased an 06 c230 for exactly invoice. the MF and residuals carman gave you were what i received. i was only able to negotiate the first ($200 service for free)
    i was in and out in 1 hour. houston, tx.
  • Congratulations on your new car, john1971. It sounds like you got a great deal. Enjoy!

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  • May I know the current money factor & residual value for 2006 C230 Auromatic MBenz sedan for 39 months 15K mi/yr and also for 48 months 12 mi/yr? My dealer also mentioned that they got a low rate from the bank (0.0026)and residual value is about 51% of MSRP but mileage is not exactly 15K mi/yr. They offered the car below the invoice amount. Do I get a good deal?
  • Ray Catena, Edison,NJ
    Price Quoted:
    C280W4 34750
    775 Iridium Silver 680
    275 Pwr drv seat, Strng column w. memory 600
    324 324 SunRoof pkg 1790
    232 Grg dr. opnr
    249 AutoDim, Dr & Rrvw mirror
    345 Rain Sensor
    414 Glass snroof
    540 Prw rear-wndw Sunshade
    359 TeleAid Dgtl/PreWired cellPhone 820
    530 NAV 2210
    819 6-disc CD 420
    SUBTOTAL 41270
    DESTINATION & DELIVERY 775
    TOTAL 42045

    Lease: 39 Mos, 15k/year
    Pay $1900 up-front (1st Month payment $589 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
    Monthly Payment: $589
    Disposition Fees : $595

    I will get rid of the 'TeleAid Cellphone Option'.
    Any comments, feedback will be highly appreciated.
    Thanks in advance. Mike
  • Please give me the residual and MF for a 2006 C230 sports sedan (WZ) 6 sp manual....lease is for 12K/year 39 months. I think I'm getting ripped off...dealer quoted this deal...

    MSRP: 33045
    sell @ 32045
    money down $2000, however, no sec dep or acq fees....cap cost reduction of $1382 after 1st payment and taxes taken out.
    However, they used a MF of .00316 which seems really high to me....and a residual of 62.45% giving me a payment of $494 for 39 months 12K miles. I don't like this deal. Any advice would be great. I think I'm going to check out the BMW's...
  • After much negotiation, I have the following offer to lease 2006 C230 with manual transmission here in CT:
    MSRP 32865
    Incl standard black paint
    Sunroof package
    Heated Sets
    6CD changer
    Incl Destination

    Total down including all fees, etc is $3500
    12K miles a year for 39 months
    $370 a month tax included

    They state that residual on the car is 62% and money factor is 0.00315. $3500 above includes about $2200 in inception fees and about $1300 in cap cost reduction. They also say their aquisition fee is $995, which seems ver high. Is MB aq fee universal in all states? I see in postings above that is it listed as $795. When I use invoice price of this car ($30619) and the numbers above, $370 a month seems to be exactly on target, but is it? Any thoughts or suggestions?
  • I am considering a one pay lease on a 2006 4matic c280. What should I expect to pay? I know options come into consideration - but - you know, ball park. Thanks in advance. Doc
  • Hello tiks102. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sedan through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00295 and 60%, respectively. If you can lease this car using the aforementioned program and with a selling price that is below dealer invoice you definitely are getting a good deal.

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  • Hi Mike. I assume that the $42,045 price that you mentioned is this car's MSRP. If so, you never mentioned what the selling price of this car is. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what the selling price is.

    Car_man
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  • Greetings madmanager1. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sports Sedan through Mercedes-Benz Credit right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00295 and 62%, respectively. As you thought, the money factor that you were quoted is a little high - assuming that you qualify for Mercedes-Benz Credit's top credit tier.

    As far as the rest of this deal goes, you are only being given a $1,000 discount on a car that has a spread of over $2,000 between its MSRP and invoice price on the base model (this is probably even more with options). You may be able to negotiate a lower selling price than this. I would shop around to see if you can do better. If there is a lack of competition in your area, you may not be able to.

    Also, I notice that you are considering making a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your C-Class would be exactly the same, regardless of whether you had put $1,400 down, or had made absolutely no down payment at all.

    Car_man
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  • Hi alexwalex1. I believe that Mercedes-Benz Credit's base lease acquisition fee is $795 in all states. As a result, it appears as though the dealer that you are working with is marking up this fee by $200 to add a little extra back-end profit to your deal.

    Using the numbers that you mentioned in your post, an MSRP of $32,865 and a selling price of $30,619, I estimate that this car's 39 month, 12,000 mile per year, $1,300 down lease payment should be around $376. So other than the minor acquisition fee mark-up, this looks like a pretty good deal to me.

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  • Hello milldoc. I'd be happy to give you an idea of how much you should expect to pay to lease, or one-pay lease in this instance, the car that you are interested in. However, in order for me to do so I need some additional information from you first, including how long you want to lease it for, how many miles per year you need to be able to drive it, its full MSRP, and an approximate selling price for it. You can find the MSRP of this car by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You should be able to get an idea of how much you may pay for it by visiting the following discussion: "Mercedes Benz C-Class: Prices Paid & Buying Experience". Let me know and I'll tell you how much this lease should cost you.

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  • Car_man, Thanks for your response..I negotiated the price down to $41045 (YES, $42045 was the MSRP)..this is the deal being offered:

    Lease: 39 Mos, 15k/year
    Pay approx. $1900 up-front (1st Month payment $569 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
    Monthly Payment: $569
    Disposition Fees : $595

    What do you think?
    Is the maintenance of the car included in the lease price...I forgot to ask

    Thanks in advance. Michael
  • You're very welcome, Michael. A base 2006 C280 Sedan with 4Matic has a spread of around $2,400 between its full MSRP and dealer invoice prices. You are being given a discount of $1,000 on the car that you are interested in. If you are in an area where there is a decent level of competition for your business, i.e several Mercedes dealers, I would not be surprised if you were able to beat this price by a little.

    For now, I will estimate what this car's lease payment should be using the prices that you mentioned and Mercedes' actual lease program. According to my calculations, if you were to lease an '06 C280 Sedan with 4Matic with an MSRP of $42,045 and a selling price of $41,045 through Mercedes0Benz Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $549. As you can see, this is a little lower than the payment that you were quoted. Mercedes-Benz made an unscheduled enhancement to its incentives on February 10th. I suspect that your lease was based upon the old program. Make sure the dealer that you're working with uses Mercedes-Benz Credit's current buy rate lease money factor for this model, .00185, to calculate your lease payment.

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  • lacoastlacoast Posts: 4
    Can you tell me what the money factor is for March on a 2006 C230 sedan. Also, what is the bank fee and residual value? Selling price of $31,049

    I was quoted 2.8 MF, and $1095 bank fee.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi lacoast. This car's lease program varies depending upon how long you lease it for and how many miles per year you are allowed to drive it. Mercedes' most attractive lease term is usually 39 months so for now I will provide you with the info for that term and for a lease with the common mileage allowance of 15,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Mercedes-Benz C230 Sedan through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00280 and 59%, respectively. MBC's lease acquisition fee is bad, but it's not as bad as the one that you were quoted. Its base fee is currently only $795. It appears as though the dealer that you are working with is marking up this car's fee to add a little hidden profit to your deal. Make sure to insist that you only pay $795.

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