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

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  • xshinxshin Posts: 2
    edited January 2013
    Hi Car_Man,

    I came across this forum on a Google search, and it seems incredibly helpful - thanks for all that you do for the average consumer (like myself)! I am going to be leasing a 2013 C350 4MATIC Coupe in the next few weeks (when it arrives at the dealer after having been factory built), and I was hoping you could let me know what I'm up against.

    I live in NJ, with a sales tax of 7%. My credit is fair (the score itself is good, but my history is only a few years long), and I am going to be putting down around $2k. My annual mileage will be only around 5000, and I am willing to go with whichever duration would bring the price lowest (seems to be 24 mo, but again, I'm flexible). Given this information, can you tell me what my monthly payment would roughly come out to? The MSRP of my build is $53,985; I've been working with the dealer for some time, and I feel as though I should be able to get the price down a bit. If you could tell me what to shoot for and what to expect, it would be very much appreciated. Thanks!
  • anoceranocer Posts: 4
    edited February 2013
    Hi Car_man,

    Thanks for all your help.

    When you have a moment could you please post the February residual value & money factor for the 2013 C250 Sport Sedan in a 24 month lease with 10,000 miles per year.

    I missed out on the January deals and have to figure out something for February.

    Thanks!
    -Anocer
  • Hi CarMan --

    I was wondering what the lease numbers are for a 2013 C63 sedan with 10k miles and 36 months (or if there is a better config right now).

    Thanks!

    JB
  • Hi alexcarhelp. Mercedes-Benz Financial's February buy rate lease money factor and residual value for a 36-month lease of a 2013 C350 Sport Sedan with 15,000 miles per year are .00124 and 57% for consumers who qualify for its top credit tier.

    The certificate allowance on '13 C-Class Sedans was reduced to $1,000 in February.

    Car_man
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  • Hi them3. This probably car has a spread of around $3,000 between its full MSRP and its dealer invoice price. There's $1,000 dealer cash certificates out there on top of that. The $4,600 discount that you were quoted looks great to me.

    Having said that $5,500 is way too much money to pay at lease signing. I assume that a decent chunk of that money is a capitalized cost reduction. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.

    Also, make sure that the dealer uses Mercedes-Benz Financial's buy rate of .00113 to calculate your payment.

    Car_man
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  • Welcome xshin. You're very welcome, I'm glad that you like it.

    On an unsupported vehicle like this, a 36-month lease will likely result in a lower monthly payment than a 24-month term would.

    This car's lease payment will vary depending upon what sort of selling price you negotiate. For now I will assume a $3,000 discount. Let me know if you want me to use a different price.

    According to my calculations, if you were to lease a 2013 C350 4Matic Coupe that has an MSRP of $53,985 and a selling price of $50,985 through Mercedes-Benz Financial right now for 36-months with 7,500 miles per year, your zero down, pre-tax monthly payment would be around $632.

    Car_man
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  • Hello Anocer. Mercedes-Benz Financial's February buy rate lease money factor and residual value for a 24-month lease of a 2013 C250 Sport Sedan with 10,000 miles per year are .00124 and 60% for consumers who qualify for its top credit tier.

    Car_man
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  • Hi jbeinhor. Mercedes-Benz Financial's buy rate lease money factor and residual value for a 36-month lease of a 2013 C63 Sedan with 10,000 miles per year are .00205 and 60% for consumers who qualify for its top credit tier.

    Car_man
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  • Thanks Car_man!

    That is a pretty substantial drop from January. Is there a better lease term for the 2013 C250 Sport Sedan mf @ .00124 and residual @ 60% than 24-months?

    Thanks!
    -Anocer
  • xshinxshin Posts: 2
    Car_man,

    Thanks for the information; this will definitely be very useful when going to my dealer in a few weeks! I will keep all this information in mind; I didn't even realize 7,500 miles per year was an option - the website only lets me go down to 10,000 lowest. Can I also get the residual and/or money factor that you used for these calculations as well so that I can talk about these with the dealer when I go? Thanks again for everything!
  • Thanks Car_Man! That was really quick! Does either rate improve if the lease is for 39, 42 or 48 months based on the same 10k miles?

    Thanks!

    JB
  • Car_Man,

    Was hoping you could provide me with MB Financials February buy rate lease money factor and residual value for a 2013 C250 Sport Sedan with Multimedia & Premium package for 15,000 miles per year at 36 and 48 months?

    Thanks- it is very much appreciated :)
    Travis
  • How did you get over $10,000 off the MSRP? Is Mercedes running dealer incentives? I see no real specials being advertised.
  • mcpamcpa Posts: 2
    Hi Car_Man

    Have just joined but appreciated your insight and knowledge for quite some time. Am thinking about leasing a c63 2013. Wanted to check in on current buy rate moneyfactor as well as residual for February. What do you think regarding discount off of MSRP? I have read of some pretty significant discounts (in the 10% range)... Also any thoughts on seasonality insofar a it relates to lease deals? Is now the best time or is early spring perhaps better? Thanks in advance for the info.
  • You're very welcome Anocer. I just noticed that the residual value that I provided for you is for a 36-month term. The correct resid for a 24-month term is 70%...much better. Sorry for the confusion. The money factors are the same for both and that's the important part because dealers cannot alter banks' residuals.

    Car_man
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  • You're welcome xshin. The last time I checked one could do 7,500 miles per year. It should still be available.

    I believe that I used a money factor of .00205 and a residual value of 66% in my calculations.

    Car_man
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  • You're welcome jbeinhor. The money factor is the same for all terms, but the residual values are different. Generally speaking, the longer a lease is, the lower your lease payment is, assuming that the money factor remains the same. Of course, you're also committed to your vehicle for a longer period of time.

    Car_man
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  • Here's the information that you're looking for Travis. Mercedes-Benz Financial's February buy rate lease money factor and residual value for a 36-month lease of a 2013 C250 Sport Sedan with 15,000 miles per year are .00124 and 57% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00124 and 54%.

    Car_man
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  • Thanks mcpa :). According to the latest information that I have seen, Mercedes-Benz Financial's February buy rate lease money factor and residual value for a 36-month lease of a 2013 C63 Sedan with 15,000 miles per year are .00205 and 57% for consumers who qualify for its top credit tier.

    I honestly am not that familiar with C63 pricing. I know that dealers have plenty of C's in general, but I'm not sure about the supply of the 63.

    The program that's available on this car is not that great right now, so it wouldn't hurt to wait.

    Car_man
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  • mbmbmbmbmbmb Posts: 2
    edited February 2013
    I just picked up my 2013 C300 4M Sport and got a pretty good deal, at least in my opinion it was.
    The MSRP was $45,770 (Sport, P1, Multimedia, and Trunk Lid Spoiler). I live in MD so we have to pay tax on the whole vehicle even it is a lease (which is absurd!) so my leases are always more expensive.

    With that said, I was able to get a 27 month lease, 15k miles/yr, $399/mo, $1800 out of pocket (including all MD taxes, tags, and fees).

    Not only that, I was returning a 2010 C300 and the dealer waived the $595 Lease-End fee, 2 payments, didnt charge me for a cracked windshield, and also didnt charge me for a blown tire (the tire popped on the way there so I turned it in with the compact spare tire on).

    This deal was much cheaper than what I was paying for my 2010 and that one had no options in it.

    I was expecting to pay a lott more!
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