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

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Comments

  • jwilliams2jwilliams2 Posts: 854
    Mostly good advice. Except the residual is based as a percent of MSRP, not the buying price, and is set by the bank or leasing company. It is not negotiable. So doing research into what a 3 year old one is worth won't really help. Odds are good no one will beat MBCC's residuals. Or money factor if it's their promotional buy rate. And 39 month leases don't make the dealer any more money. It uses the same residual as a 36 month lease, so the cap cost is stretched over 3 more months which results in lower payments.

    Also, if you would like, I can send you a picture of my son's E Class up on blocks after someone stole his wheels and tires. A set of wheel locks would have prevented that and saved a lot of hassle. For less than $100. :D
  • jamie42jamie42 Posts: 2
    How would the money factor be impacted by lower miles per year?

    If the miles per year were 10K instead of 15K in the example above, would the money factor change significantly or just the residual?

    Thanks in advance.
  • delta737hdelta737h Posts: 603
    edited March 2011
    jamie42,

    The money factor is not dependent upon usage and so it's not impacted at all. Only the residual is impacted and is adjusted to reflect annual usage that is different than the standard annual mileage usage established by your fund provider.

    John
    The AutoLeaseGeek
  • brockp00brockp00 Posts: 1
    So, I'm looking at taking over a friends lease for a 2011 C300w Sport with P1 package, navigation, AMG wheels and 4Matic.

    He has it for $375/month for another 2 years with 17k miles left on the lease. MSRP was $43,765, residual is $31k or so.

    I'm wondering if this is a really solid deal based on others experiences. From what I can see online, it seems to be but I want to be sure as I've never leased before, but really like the car. I think the residual is likely a bit high, and I would quite likely be interested in buying at the end of the lease, so have some concern there. Friend is relocating internationally for work so this is why he's letting it go.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi lahinch101. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 30 month lease of a 2011 C300 Sport with 15,000 miles per year are .00109 and 61%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gwyntersgwynters Posts: 9
    I'm a returning MB lease holder looking to roll into a 2011 C300. C300 Luxury with P1 and multimedia and heated seats. list 44200, net cost of 40200, plus ACQ fee etc. for a Cap. cost of 41353. Quoted 63% and .00129 on 33months with 15K with 7% sales tax. 1800 out the door cash. The numbers don't come out right when I use an online calculator. 63% seems too high for a 15k mile lease? Anyone know the residual and MF for April?
  • I went to my Pittsburgh MB dealer on March 30 and was interested in leasing a new C-class that is being built now and shipped on April 5. I was told that I could not get the $2000 customer loyalty rebate because the car was not here and that they had no idea if they would be extending the loyalty program into April. Well, April is here and the rebate is gone. I am now so irritated that I think I will go back to BMW! Was I handed a line of BS???? It makes no sense to me since none of the ads said anything about the car having to be in stock or in the USA.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi gwynters. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 33 month lease of a 2011 C300 Luxury with 15,000 miles per year are .00109 and 61%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Don't worry, memyselfandi3. The $2,000 owner loyalty cash is still there on the 2011 C-Class in April.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gwyntersgwynters Posts: 9
    C300 Luxury, with P1, multimedia and heated seats: 44200. Assume a 40k sale price and the 2K loyalty discount = cap cost of 38K. 38K car with .00109 rate and 61% for 33months plus 7% sales tax = 433. So far have not gotten close to that number by dealers. Is anyone?
  • mariasmarias Posts: 9
    Car Man

    what are the money factors and residuals for:

    2011 C350 Sedan, 39 month lease and 10,000 miles/year
    2011 E350 Sedan, 39 month lease and 10,000 miles/year
    assuming excellant credit
    Thanks for your help
  • Car_Man (or anyone else)

    Is the below a good deal for a C300 Sport, no options except wood trim?

    MSRP - 37060
    Purchase - 33000
    Lease payment - 349
    Lease Residual - 23347
    Money Factor - 0.00109
    Miles allowance per year - 12,000
    Down Payment - 3700
    No annual maint. included.

    Thanks - LM
  • gwyntersgwynters Posts: 9
    I'll answer my own question. I finally got what I figured was the right deal.
    436 for 33 months with 1700 cash out the door.
  • My P1 quote (granted, no nav) - 38350 MSRP, 33500 Sale price. 1500 down out the door, 12K miles a year, free 3 year maint. , monthly payment 415

    So yours is 21/month more or 693 for navigation.....what state/dealership are you working with? I wonder if it is worth it to try to get Nav added...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, marias.

    Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 36 month lease of a 2011 C350 Sedan with 10,000 miles per year are .00193 and 58%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2011 E350 Sedan are .00240 and 60%.

    I'm not positive, but these models might qualify for MB Financial's "Value Added" program. If so, then the aforementioned numbers should be good for 39 month leases as well.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi lawyermilloy. This deal looks good to me. The money factor that you mentioned is right in line with this car's buy rate. The selling price looks good as well.

    The only thing that I would change about this deal is the large down payment. I always advise consumers to put as little money down as possible when leasing. Consumers who make large down payments on leases risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • kimsmith22kimsmith22 Posts: 2
    Hi,

    I am looking to do a lease deal today or tomorrow. I was previously negotiating one for April but all of the dealers that I was negotiating with had run out of conquest cash and it made the payment bump up.

    The car I am trying to get:
    2011 C-Class Sport Version
    Black, Palladium or White Exterior
    Black MB Tex Interior
    Premium Package
    Multimedia Package
    Keyless Go
    Maybe some other options as well.

    15k/year; 33 month lease

    So, my questions now are:

    What is the money factor and residual for May?

    Is the conquest cash program still going? I currently have a Porsche. Last month it was an additional $2,000 off.

    Any other kickback/incentives I should know of?

    Thanks!
  • kimsmith22kimsmith22 Posts: 2
    Here are the exact details. These are all MSRP prices. What would be a good price for this? They are cutting them like crazy!

    C300W
    040 Black
    101 Black MB-Tex
    068 Wheel Locking bolts $140
    07P Germany
    070 Chrome Door Handle Inserts $90
    104 Rear Deck Spoiler $300
    105 Roof spoiler $300
    218 Dynamic Rear View Monitor $460
    319 319 Lighting Package: Bi-Xenon Headlamps $985
    615 : Bi-Xenon Active Light System
    600 : Headlamp Washing System
    320 320 Multimedia Package: 7" Power Retract $2,700
    518 : iPod/MP3 Media Interface
    512 : COMAND w/Navigation and Voice Control
    396 : Voice Control
    049 : iPod/MP3 Media Interface Cable
    333 333 Sport Sedan: Sport Body Styling, Mer
    954 : Avant Garde Package (Sport)
    952 : Sportline Package
    772 : AMG Sportline
    486 : Sport Suspension
    236 : LED Daytime Running Lamps
    413 Panorama Sunroof $1,090
    427 427 7-Speed Automatic Transmission (Requ $1,490I
    427 : 7-Speed Automatic Transmission (Required
    P47 : Automatic Package
    536 SIRIUS Satellite Radio $460
    739 Aluminum Trim
    786 18" AMG Twin 5-Spoke Alloy Wheel $1,040
    873 Heated Front Seats $750
    889 KEYLESS-GO $1,140
    917 PZEV-Emission, USA

    SUBTOTAL $44,935
    DESTINATION & DELIVERY $875
    TOTAL $45,810
  • kh98kh98 Posts: 1
    I wanted to lease a 2011 Mercedes C-300 last week but I didn't act on it. I was going to lease it in April, and back then, I was getting quoted approx $500/month with $5000 down for 36 months. Now in May with the different (or lack of) incentives, I'm getting quoted approx $700/month for the same car/same specs (I want navigation sport package, don't need 4matic).. The dealer told me the deals will get worse and worse.. and that I should act now.. He said the prices typically go up as it gets closer to the new model coming up.. I somehow doubt that, but the $700/month compared to $200 less the previous month, is evidence of what he said to me..

    Do you think the price will drop some more this month?

    My current lease is expiring so I need to get a new car asap and I think he senses the desperation.

    In case you're wondering why my quotes are so high, it's because I'm in Canada.
    Please, any advice is appreciated!
  • jamie42jamie42 Posts: 2
    I think you are getting ripped off. I recently leased a 2011 C63 AMG for $940/month, 36 months and only $3K down. At face value, those numbers for a C300 seem way too high.

    Use Truecar.com to check your sticker price and then use a lease finance calculator to check your payment.

    Try a different dealer...
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