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

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Comments

  • Don't know if that's such a great deal.

    I leased a 2007 C 280 Luxury Sedan
    4Matic
    Sunroof Package
    Rear side airbags
    CD changer
    Split fold down seats

    48/mo 12k miles/yr

    Had $0 down, and $489 mo. including taxes
    I've leased many vehicles and paying money down on a lease is not the best way to go. Never pay $$ down, if you have the extra cash put it in an account and use it toward your mo. payment. NEVER GIVE IT TO THE DEALER!!!
  • I have 3 months left on my '04 C230W, it was only allowed 48,500 miles and has 61,600 - residual value is $19,878 and have paid $21,982.35 - I want to buy it but with the additional miles can't I negotiate with MB financing to lower the residual. The car is in excellent shape and has no dents/dings, runs like a clock and looks great too! I need some guidance on how to try to get this car for less than the residual, do I have any bargaining like other cars? If I buy for the residual, the car ends up being more than the sticker price, how does that work? The balance would be $11,807.65 to make up the price of $33,790 leased in Sept.'03......Help, have never wanted to keep a leased car before, this will be the first to keep of many leased vehicles.............JB
  • I desperately need to find the current money factor and residual for the C280 4-Matic at 39 months and 15K miles/year. I'm located in NJ.

    Thanks!!!!
  • That sounds like an excellent deal on your C280, where did you get it (dealership and salesperson)?

    Looking to lease myself.

    Rob
  • Feel free to mention the dealership name, but no posting of salespeople's names in the Edmunds.com forums please. Thanks.

    Car_man
    Host
    Prices Paid Forum
  • billmvbillmv Posts: 142
    Make them an offer. MBs are soft now. They do not want it back, especially with the extra mileage. If you return it, you'll owe them X per mile over the allowed. Check your contract. Do that math. say 16,000 extra at $.25 per mile means you owe them $4,000 if you turn it back in. Not good!

    Forget the original sticker. That has no bearing on things now. You paid for depreciation plus interest. Your contract says you can buy it for the residual. You want it for less. they do NOT want your car with 16,000 extra miles at the end of your lease.

    Put an ad in your local paper with 62,000 miles and see what your best offer is. That's what it's worth. It will be lots less than $19,878. If they take it back they'll just send it to the Manheim auction and get $14,000 for it (est), so tell them you want to buy it for $14,000.

    If you have a big auction in your area, go by and ask them to appraise your car. If they say it'll sell for $14,00, then MB will get 90% of that value.
  • What are the least rates for the 07 (can't find any 06's) C230 for 24, 36, and 39 mths with 15k miles per year? Any special lease rates available?
  • Your prompt advise will be greatly appreciated because I am planning to finalize a lease tonight. Please give me a good estimate of what my monthly payment should be given the following:

    2007 C230 with sunroof package
    27 months 12000 mi
    Top tier credit (MB Financial already run it)
    2005 PT cruiser trade in value is $8k (Negative equity is $4k since I have a payoff amount of $12k)
    Willing to pay a downpayment of $2k to cover a portion of the negative equity on the PT Cruiser

    Q1: What is my risk if I have a trade and has a $4k upside down and giving $2k as down?
    Q2: I was quoted .00307 and 71% res value? Are those right?
    Q3: What better deal is out there for me?
    Q4: Any good lease specials coming up this November that you might know about?

    Thank you very much in advance for your input.

    Thanks very much.
  • The best experience ever!

    Leased my car last 11/1/06 from SoCal WI Simonson (www.mbsantamonica.com). Internet Sales people were very straightforward and quick. Gave me real numbers to work on. Haggled a bit but all those time, I never had to deal with BS which I got from the other dealers I spoke with --- both floor and internet. Plus, they gave me the highest trade in value for my 2005 PT Cruiser Touring – same with what Carmax gave me --- and I think, that rarely happens. And I was in and out of the dealership to pick up my car in a snap!

    So here are the LEASE specs for your reference:

    2007 C230 Sport V6 A/T
    SP/cap cost: $2100 below carsdirect invoice
    Trade in value for PT Cruiser: $8500
    $1500 net upside down on the PT
    Paid DMV fees, sales tax and first month upon lease signing (drive off $800)
    Acquisition fees were added to capitalized cost
    27 mos. 12,000 mi/yr
    MF based on Tier 1 credit
    Monthly payment: $484

    Hope this helps. :shades:
  • mrummrum Posts: 7
    I am in Southern California and thinking of leasing a C230 Sport that does not have a sunroof or CD Changer. I believe the sticker price was close to $31,000 and sale price is about $28,000. I would put down $1,400 with a payment of $377 with tax and 12,000 miles a year. The residual is 70%. The lease is 27 months. What do you think of this deal?

    Also, my friend said she paid $800 to get her brakes done on her c230. Do you have any idea how much I can expect to pay on maintenance? Do you think I can use 89 gasoline instead of 91 at times?
  • Contact the Internet Sales of mbzsantamonica.com (W.I. Simonson is the dealership). They're really nice and very quick. Best service you'll get in SoCal and their loaners are Mercedes too, not other brands. I leased mine at $28,900 last Nov 1st and it already included sunroof and single in-dash CD.

    I created a spreadsheet which I used when I negotiated my new lease and based on your numbers, you will pay $375/month incl taxes given the following assumptions:

    12k mi/yr for 27 months
    $28900 selling price
    Tier 1 credit = .0025 MF
    69% Residual
    $1000 down only
    Plus around $700-800 drive off fees (incl. taxes, DMV fees and 1st month payment)

    I guess with a lease, all you have to pay for is the scheduled maintenance which is around $300-500. Hope this helps. Good luck on your lease hunting. :)
  • I am in my 29th month of a 39 month lease, paying $486/month for a 2004 C-320 Coupe. The lease-end purchase price will be $17,000. It's only got 4,000 miles on it (driveway ornament). Would like to get out, OR maybe transfer into an ML-350. When I ask Mercedes, they say I can give back the car early, but I have to pay ALL the REMAINING lease payments. HUH? Why would I give them the car now if I still have to make all the payments? Obviously that means I can't get out early. Just wondering if anybody else has been able to do it somehow, OR has been able to change into a different car without penalty of still paying the old lease balance.
  • Hi monty2222. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. 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: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 10:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.

    Car_man
    Host
    Prices Paid Forum
  • Hi all,

    Mercedes is currently running the winter ads for leasing. I am looking at the C class C230 sport sedan. This one has the following deals for 27 months leasing for $299/month with the following down payment:

    $299 First month's payment
    $2,850 Capitalized cost reduction
    $795 Acquisition fee
    $3,944 Total cash due at signing

    They did not say in details what options does the car have and what is the mileage limit. I assume it's around 12k mileage.

    Is this a good deal? Any advice could be appreciated.

    Thanks
  • Hi:

    I am trying to negotiate a lease for a 2007 C230 in Ft. Lauderdale. (MB of Ft. Lauderdale). The car I am looking at has a sticker of $34,705 (sunroof pkg, cd changer and metallic paint). I can pretty much get the dealer to go to carsdirect invoice plus $100 without much trouble at all, but I see that those of you in Southern California do much better, sometimes as much as 2k below invoice. Is this a regional difference that I will not be able to overcome? We have several dealerships to chose from here, but they are all owned by the same parent company, AutoNation, so while the stores compete, it is not quite the same as if they operated under a different corporate ownership. At the very least, I want them to give me the current $1000 incentive in addition to the invoice pricing.

    They made the best offer thus far on my 2006 VW Jetta TDI (Diesel), as CarMax was way off base on this car and I have about 2k positive equity.

    At the very least, I want the same money factor (which appears to be about 4.9%) and residual (70%) that they are offering in the Winter Event special, as I am looking at the 27 month term with 10k/year (I drive very little, roughly 7-8k per year) so this is fine with me.

    Does this sound like a reasonable expectation? Anyone in South Florida have any experiences to share?
  • mrummrum Posts: 7
    Car Man -

    Can you help me with this? I am in Southern California and thinking of leasing a C230 Sport that does not have a sunroof or CD Changer. I believe the sticker price was close to $31,000 and sale price is about $28,000. I would put down $1,400 with a payment of $377 with tax and 12,000 miles a year. The residual is 70%. The lease is 27 months. What do you think of this deal?
  • Hello All - I need to know if this deal is any good, I plan to close the deal tomorrow.

    MSRP: $35305 (Silver/Auto/Sunroof Pkg/Power Seats/6CD changer)
    Negotiated Price: $31305
    15K miles/yr
    27 months lease
    67% residual
    Money Factor: 0.00300
    $860 drive off
    Monthly Payment: $520 inc Tax.
  • I need information on extending my car lease. Is there a penalty for this? I have three months left on my lease. My mileage is 42k (48 allowed). What happens to the mileage during extension? are the payments during this time applied towards the buy-out price?

    Thanks
  • yhariyhari Posts: 27
    Carman,

    Hope all is well and that you had a great holiday. You really do a great job. My dad wants to lease a 2007 C280 this weekend. Can you please provide residual, MF and Bank Fee for 27 mos and 36 mos for both the AWD and RWD versions. From what I understand the current lease suport for MB finance is only on the AWD version. Please provide both.

    Thanks
    Yhari
  • Hi all,

    I just got an offer below for the lease of 2007 C230. Let me know if it's a good deal:

    MSRP: $35305 (Silver/Auto/Sunroof Pkg/Power Seats/6CD changer)
    Negotiated Price: $32300
    12K miles/yr
    27 months lease
    69% residual
    Money Factor: 0.0027
    $4485 down payment ($2850 down, $795 acquisition fee, first month lease and tax)
    Monthly Payment: $338 inc Tax.

    Is this a good deal?
This discussion has been closed.