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

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Comments

  • vinnynyvinnyny Posts: 770
    I think you missed his sarcasm. Nobody in their right mind believes that MB C-Class will ever outsell Honda Accord or Toyota Camry. (And those of us who own them hope it never happens).
  • mrxcelmrxcel Posts: 12
    Who cares about Toyota and Honda, this is a MB forum... those brands are not to be compared with BMW, AUDI or MB
  • Depends on what class MB youre talking about.

    Toyota's Landcruiser is the same price as MB's GL450.

    A lot of entry class C-Class owners may also be in the market for a Honda Accord or Toyota Camry.

    Dont forget, its all a matter of preference.
  • vinnynyvinnyny Posts: 770
    I'm with you. I was just responding to a previous comment. I can't imagine anybody cross-shopping MB-C and Honda Accord or Toy Camry.
  • jc2552jc2552 Posts: 3
    I do not agree with you. I think the C-class is a different market segment from Honda Accord or Toyota Camry. People who owns a C-class would not go back to Accord or Camry if they are financially capable.

    I enjoy my new C-300 very much. The ride is so smooth and the seats are very comfortable. The sport package looks so stylish. I am so happy to drive it everyday.
  • I agree. Great car. MB needed to be flawless with this car to compete with the Infiniti G35 (Best in this class) and the BMW 3 Series.

    It is a great entry level vehicle.
  • mrxcelmrxcel Posts: 12
    Guys (or Gals),

    So I test driven every car on my wish list, BMW 300/330, Lexus IS 250/350, Infinity G35 (and the M45 although that is compared to the E Class or 5 series of BMW) Audi A4, VW Passatt and of course C Class. I checked all the deals on the different cars etc...( NO HONDA OR TOYOTA these are on a different segment and have a different target)

    BMW and Audi have great Incentives, Lexus and Infinity too but I just really like the C Class, I will be paying the premium of getting this car, and based on what I've seen its seems that this will be the case for people who like the MB, I ordered my MB and I cant wait for the car to arrive, I had to order it cause I wanted leather on white on Manual transmission with package 1 and 2.

    Financing rates are coming down since the fed drop the rates, If you are leasing money factors should be down as long as you qualify, the sub-prime issues trickled down into the auto market and dealers are very careful about this.

    My money factor on the MB is close to 7% (moreno mentioned his was at 8%???)

    PS. I hope MB is not reading this post.... :)
  • Hi Vinny -

    I am also in NYC, am looking to lease the C350 with multimedia pkg and leather trim, which will make the MSRP $41,775 according to Edmunds.com, any suggestions as to where to shop and how do I use the MF and residuals to determine if I get a good deal?

    Where did you get your C350 and whats your monthly?

    Thanks!
  • vinnynyvinnyny Posts: 770
    Williamc:

    I'm actually in southern VA now (USAF moves me every three years). But you know what they say: "Home is where the heart is". As a die hard Mets, Jets, Knicks, and Rangers fan, I should probably say "BROKEN heart"...

    BTW, I actually bought my C350 in Tampa. It was such a crazy deal that I bought it online and flew down to pick it up. I wanted a 6 speed and could only find two east of the Mississippi--one in Cleveland and one in FL.
  • mrxcelmrxcel Posts: 12
    Funny you mention the 6 speed, I wanted a 6 speed too, mine took 8 weeks to deliver b/c they did not have all the specs I wanted and they had to place the order to the factory in Germany, so I go it hot from the oven :) , I love the drive worth the wait for sure. My MF was about 8% but residuals are very high 68% for a 39 month lease, I did not have an amazing deal but I wanted the car so I was ok paying a little bit of a premium. I am in northern VA - Washington DC Area, I got my car in Tysons Corner.
  • vinnynyvinnyny Posts: 770
    The dealer told me I got the only 6 speed, 3.5 with leather left on the east coast. I couldn't order one because I bought it at the end of the model year and the 08s were already hitting the lots. It was simply too good a deal on an excellent car to pass up.
  • Does anyone know when the new Money Factors are set by Mercedes? I thought it was the beginning of each month. Would it be worthwhile to wait until Nov for the MF to drop if I'm planning on leasing?
  • asa2asa2 Posts: 23
    I don't know where you all are from, but here in NJ (Little Silver), the leases are running about 460-475/mo. for a C with automatic trans.
  • We got a lease for 08 C300 sport 4matic last sunday. It includes P1 and Multimedia Package. MSRP is $39656. We didn't care how the dealer calculated the payment, we only know that we got it for 0 Downpay, but we paid the tax upfront, with all other fees and first month payment, we paid 3500 altogether that day and then $555 each month for 39 month and 12k miles each year. This includes a Tire insurance which is about $15 each month. So the lease took us about $540 each month.

    The price is ok I think, but we are not so happy about one thing. Before we went there, they said the price will be $525 a month. But they increase it to $557 when we got there. Their reason is that we didn't get approved for Tier one credit! Our credit score is 770 but didn't got approvel for tier one credit! They said although we had good credit score but we don't have a house or had ever had a car loan before. I didn't know whether is true or they were just playing trick, but we were so tired to back up then. So we settled at $540 for the monthly payment.

    By the way, we live in NJ near NYC.
  • asa2asa2 Posts: 23
    I've heard of MB strict finance rules. I think it is legitimate but am glad they met you in the middle. They are so stringent-I don't get it?

    I got a quote in NJ at Contemporary (central NJ) for $465/mo. no money down except initial fees, etc. for basic no frills 08 C300. Does that seem right to everyone since others seem so much higher?
  • I want to lease a new 2008 300 C-class, but my Fico is 653 equifax, 675 Experian & Transunion. Do you think I can qualify? I make $95K per year and only student loan payments.
    I make more than enough to make the payments, but not sure if I can qualify...
    I would appreciate any feedback.
    MIKE
  • Buy a 3 series. BMW has 1 tier.
  • dabnatdabnat Posts: 1
    I am in the process of leasing a C350, multimedia, 18" wheels and ipod integration in Texas. The dealer is selling at $750 below MSRP. They are quoting a money factor of .004 for a 39 mo lease with 15,000 miles and a 59% residual. Is anyone else seeing a mf rate like this? Credit score is 800+.
  • The money facotr is .00345 with Mercedes Credit, the dealer is trying to mark it up.
  • Is there anyone out there that can confirm the money factor? That money factor relates to a 8.28% APR which is crazy when many other manufacturers are offering mooney factors in the .001-.002 range.

    Has anyone used an outside lease company to work your own lease and save money?

    Thanks!
  • mike02mike02 Posts: 13
    Hello:
    I got the following terms for 2008 C300 luxury edition with navigation package lease with European Delivery Program:
    39 months, 12,000 miles, residual 61%, money factor 0.031
    0% down, i.e. $1,665 at sign time which includes first month lease.
    With EDP they also give one month free (for the time they ship the car back from Europe). Monthly payments including taxes $450.00
    The dealer is in New England. Is this a good deal in your opinion?
    Thank you.
  • jaxs1jaxs1 Posts: 2,697
    Reading past posts, it sounds like there is no lease support on the 2008s and the deals are pretty wretched and comparable to or more expensive than deals you can get on an E or 5 series BMW. Money factors quoted have been really high. 7-8%?
    Are there many left over 2007s left that have heavily supported lease deals?
    I'm looking for $0 down 36 months 15K miles per year with payments in the $500s or less and without outrageous lease/bank/dealer fees added to the cost.
    Maybe a 2007 C230 with "medium" level of typical popular options..
  • drtraveldrtravel Posts: 395
    Reading past posts, it sounds like there is no lease support on the 2008s and the deals are pretty wretched and comparable to or more expensive than deals you can get on an E or 5 series BMW.

    Wouldn't expect any good lease deals until the supply-demand imbalance changes. Poor lease deals are also an issue with every new redesign - wait for 6 months or so and then check them out. Good lease deals are offered to move vehicles - don't think Mercedes needs that help right now with C class. The weird thing is that MB is advertising the heck out of their "Great Lease" right now on TV. The devil is in the details - high down, high MF, low mileage, and what are the acquisition and disposition costs? A 0.0031 MF works out to 7.44%.

    BMW almost always has much better lease deals. They routinely subvent their leases with artificially higher residuals and below market MF.
  • jaxs1jaxs1 Posts: 2,697
    So, what about a left over old-style 2007? Are there many left and is there good lease support on them?
  • aas5aas5 Posts: 50
    I also looked into leasing a C300 sport with just the multimedia package. I was told I could get it for $2K at signing and $462/month but I would have to wait for a factory order. The same dealer then offered and sold me a 2008 E350 4matic with navigation for $2.5K and $450/month for 24 months. There are crazy deals on E350 right now and after 2 years, the C class leases should be a lot more attractive, right now it only makes sense to buy them as MF is too high.
  • jaxs1jaxs1 Posts: 2,697
    Mileage matters when quoting payments. Is that only 10K miles a year on the E350?
    10k miles won't work for me since my commute alone is around 8K a year and I won't have much left to do any other driving with that severe mileage restriction.

    $450 for 24 months on the E350 sounds really good except for the 2.5K down. Maybe someone would be able to get 36 months and no down for around the same payment or maybe just skip the nav and other pricey options on the E.
    Still sounds better than a 2008 C class.
    I think many people would just get an E if it's cheaper to lease than a C.

    It might not even make sense to buy a C now if they aren't discounting today, but they will in a year.

    If I can get a 2008 E class without a lot of money down and 15K miles per year for 3 years and payments under $500, I might just do it.
    Maybe I would drive less and just do 12K per year since the E guzzles gas, but what's the point of a nice car if you can't drive it when you want because of overly restrictive mileage limits?

    I wasn't even thinking about an E because I just assumed it would be way out of my price range, but if what you quoted is realistic for an E350 in California, I will start looking at them.
  • drtraveldrtravel Posts: 395
    Here are some residuals and MF for 3 year/15K miles a year

    BMW 328i Sedan 61% and 0.00165 (3.96%)
    BMW 528i Sedan 60% and 0.00225 (5.40%)

    MB C300 59% and 0.00290 (6.96%)
    MB E350 52% and 0.00160 (3.94%)

    Right now MB is encouraging you to buy the C-series and lease the E350 - ONLY IF you get a big discount off MSRP to offset that weak residual. BMW routinely rents their best sellers so they almost always have good lease deals.

    PS Never put any money down on a lease.
  • aas5aas5 Posts: 50
    My lease is for 7.5K miles a year. The downpayment includes all fees, taxes and the first month payment, so the real downpayment is only $300.
    The C class is discounted in NJ, when I was negotiating a lease deal I was offered invoice, so I think it may make sense to buy C or lease E for 2 years and get C ater that.
  • jaxs1jaxs1 Posts: 2,697
    I would need double the mileage you got on your lease, so maybe an E is not going to be affordable for me.
    Without the $2500 down, your payment could be over $500 and with 15K miles a year, it could be over $600 per month before tax and I don't even know if the E350 deal with your terms is available in California.

    I can use the Leasewise service that should be able to get me the best available deal for a $335 fee, but they can't get me a deal that doesn't work mathematically based available lease terms, so I don't want to risk using them and throw away the $335 if all the dealers come back with deals that look like what comes up in the lease calculator on the MBUSA website ($700+ payments on 24 month leases with 15K miles unless you put lots of cash up front).

    I would only get an E350 if I could lease one for 24 months with 30K included miles, $0 cap cost with payments under $600 including sales tax.
    If that is impossible to do, then I will go back to looking at cars with MSRPs under $30K.
  • jaxs1jaxs1 Posts: 2,697
    Based on those numbers, the BMW 328i should be the cheapest to lease by far (especially since the BMW has a much lower MSRP), but I don't understand how people here are posting lease deals on the E350 that make it sound like I could get one for the same cost or less than a 328i. Many BMW dealers routinely mark up the MF beyond the base rate though.
    Confusing. I'll take a bargain E350 lease if I can get it, but I don't want to waste my time trying to get something that's not really available.
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