Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





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

1484951535496

Comments

  • Looking to lease a 2011 MB C300 and got the following deal today:

    2011 C300 Multimedia Package, Deck Spoiler, Auto, Wood Trim, Heated Seats & Satellite Radio.

    MSRP: 41,750
    Selling Price: 36,250 (3,500 off sticker + 2,000 Conquest Cash=5,500 off)

    I am trading in a BMW that I owe 34,407.58 and was offered 29,000 for that. Negative Equity rolled into lease with tax savings and all included: payments comes out too:

    $543 month
    48 Month/10K a year
    Residual: $22,545 (told 54%)
    MF:.00175

    Is this a good deal. I am putting only first month's payment and $300 for fees down. Everything else is in the $543 payment.

    Also, is that MF correct? I have read .00109 everywhere for Tier A on 33 month leases. Does the same apply for 48 months? He made it seem like .00175 is the standard 48 month term rate regardless of whether its Tier A or B credit.

    Can you confirm that for me? What are your thoughts on the deal? Thanks!!
  • themercguythemercguy Posts: 4
    edited August 2011
    Here is the deal that I signed off on a few weeks ago:

    2011 C300 Sport 4Matic
    MSRP: $42,530 (Premium1, heated seats, wood trim)
    Sale Price: $38,277 (+ $400 doc fee waived)
    Residual: 63%
    Factor: .00109
    Term: 33 month/12k

    Now I got a call from the dealer and he said that the lease document wasn't accepted by MB Finance because they had put monthly payment due date as 30th of every month (did not consider Feb). They have sent me a new lease to sign with all the numbers exactly the same but the start date is 2 days after the day I picked up the car (it was a Sat). They say it should be ok and it only means I got 2 days for free.

    Should I go ahead and sign? Any issues?

    Thanks.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,950
    I don't see any issues with it.. just make sure all of the lease parameters are the same...

    That's weird, though... We have a lease through BMW that is due on the 30th, as that's the day I leased it... In February, the due date is the 28th or 29th, whichever applies...

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    The selling price that you were quoted looks very attractive. The money factor that you were quoted looks slightly high though. As you have read, Mercedes-Benz Financial's current buy rate is .00109 for consumers who qualify for its top credit tier. That factor should be available on 48 month leases. Overall, considering the attractive selling price I'd say that this is a reasonable deal, but obviously it would be better if you could get the dealer to drop the mark-up on the money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for your response. I am also not convinced with his excuse to sign a new lease agreement. My worry is about the status of the car two days that I had it before the new agreement begins (for that matter its staus right now since MB Finance has not signed off on it). Not sure if it has any implications on warranties/liabilities. I have asked him to send me an email request so at least I have this situation documented.
  • Hi. Is this a good deal? Anyway I can get the payments lower?

    2011 C300 Sport Sedan 4matic

    options:
    Iridium Silver Metallic
    iPod Integration Kit
    Panorama Sunroof
    Heated Front Seats
    Premium 1 Package
    Lighting Package
    18" AMG Wheels
    Burl Walnut Wood Trim

    MSRP: $45,645

    Cap: $43,500

    33 months
    12,000 miles
    Money factor .00099
    Residual 63%
    Trade-in $798
    Sales Tax = 8.6%

    Fees are as follows:
    $1,095 acquisition fee
    $150 documentation fee
    $110 License
    $7.50 US Government fee

    $722.70 due at signing (first month's payment + licensing + gov't fee)
    $605.20 monthly payment for 32 months following

    Credit is 802.

    Is this a good deal? Anyway I can get the payments lower?

    Thanks!!
  • How did they waive doc/ registration fee? I got 455 licence fee + 180 doc fee.
  • Here is what I was offered today. I should be taking delivery on Tuesday:

    2012 C300 Sport Sedan 4matic
    Black/Almond

    Premium 1 Package
    •Power front seats with driver memory
    • Split-folding rear seats
    • SIRIUS¨ satellite radio
    • 4-way power lumbar support (driver only)
    • iPod/MP3 Media Interface (in center console)
    • Harman/kardon LOGIC7¨ surround-sound system
    • Heated Front Seats

    Comand Launch Package
    • COMAND-based navigation system w/3D map views
    • 7" color display
    • Gracenote media database
    • Single disc CD/DVD changer
    • SD card slot
    • 10GB hard drive w/Music Register
    • SiriusXM real-time traffic service
    • voice control

    MSRP $42,650
    Sell Price $38,840 ($114 over invoice plus $1500 corporate discount)
    42 months
    12,000 miles
    Money factor .00172 (autopay option)
    Residual 61%

    Due at signing:
    Acquisition Fee $795
    Doc fee $249
    Govt Fees $412
    Monthly payment = $460
    Total: $1916

    Monthly payment (including 7% tax and 3 yr maintenance plan): $460.00

    Thoughts?
  • Unless I've missed something, using those numbers I get $558 per month including tax, not $605. Can someone else check?
  • You can lower your monthly by paying your acquisition fee up front (and see if you can lower it to $795).

    Do most people recommend paying that up front?
    How did you get the .00099 Money Factor?
  • Thanks for the reply. I will see if I can get them to lower the acquisition fee when I start negotiating with them.

    That was the money factor that they gave me when I first talked to them about it.

    Thanks
  • Dear Car Man,

    I was hoping you could provide Mercedes-Benz Finance's September buy rate lease money factor (the most recent posted appears to be August's) and residual value for a 36 month lease of a 2012 C250 Sedan with 15,000 miles per year. Also, do you have any advice on what the purchase price on this car should be? I tried to get a TMV, but have been unsuccessful because it appears that Edmunds doesn't have the prices for the packages & options on this vehicle yet. Any help you can provide would be greatly appreciated. Thank you!
  • cooldude1015cooldude1015 Posts: 2
    edited September 2011
    Recently leased a 2011 C300 4MATIC w/ Premium 1 & Multimedia with an MSRP of $45,155 and got it for $41,000.

    Getting the feeling that I was ripped off.

    First suspicious thing was that they said that the lease required a mandatory first year maintenance (to my understanding that would just be changing the oil and some checking) but they said it cost $2,280. The dealer would pay for the first basic maintenance (oil change?) for $285. So I was charged $1,995 which is charged throughout the life of the lease. They said the price was also residualized by MBUSA.

    Overall sounds like I got fleeced could anyone lend some input?
  • They quoted me $10 a month at the dealer for the 33 month for all of the required maintenance for 30,000 miles.

    Go to build a car on mbusa.com and look at "Mercedes-Benz Star Service Prepaid Maintenance for 3 years or 30,000 miles". Click on it and read the description. It says that if you build it into your lease it is $10/month.

    I would check with mbusa if they really require a contract for the first year. I highly doubt they do. It is required that you do the maintenance, but I don't think it is required that you have the service pre-paid or anything like that. I would drop MB an email or call them.

    Also see http://www.mbusa.com/mercedes/service_and_parts/maintenance
  • No place in the contract does it state that the lease must include a mandatory first year maintenance. Unfortunately, your dealer went to the extreme in making profit, as the MB Star Service pre-paid maintenance contracts aren't even that high. It absolutely amazes me what some dealers will do.
  • Here's the information that you're looking for, jenjen79. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36 month lease of a 2012 C250 Sedan with 15,000 miles per year are .00195 and 63%, respectively for consumers who qualify for its top credit tier.

    While I am not intimately familiar with what the current market is like for it, if I was in the market for this car right now, I personally would shoot for a selling price of $1,000 over dealer invoice.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you for your prompt response and helpful advice.
  • tlecotleco Posts: 34
    Carman
    How are you?
    I've seen the post for money factor and Residual value for 2012 C Class and GL450.
    I need to double check as I am planning to lease these 2 cars this weekend
    for 2 yrs lease
    C250 2 yrs - 10K miles - what is the MF and Residual?
    GL450 2011 - 2 yrs 12 K. I've seen the residual 67% which I think is very high. Is it for real?
    And someone got 14K off with USAA discount seem not real. I've leased more than 20 various MB, BMW and never seen such a discount for new car. Even a DEMO will not be that low

    Thank you
  • Thanks guys, simply shocking as I questioned him and asked him if this was mandatory and if this was a trick. When I said that I didn't want to do so he starting questioning my income and various other demeaning comments.

    I called MBUSA and they have noted this and will be calling the sales manager about this to hopefully resolve this.

    Thanks for your help!
  • tlecotleco Posts: 34
    Cant believe at this day and age - there are still Stupid Salespeople.....
    Make a BIG deal with the manager.
This discussion has been closed.