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kyfdx ·

About

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kyfdx
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More about me
MODERATOR
Vehicle(s) I currently own
2006 BMW 330Ci Coupe
  • Re: 2015 Mercedes C Class leasing questions

    Curious is anyone else got numbers as crazy as I did. I was told these were teir-1 numbers.

    Money Factor: .00156
    MSRP:51956
    Initial Cap Cost:44248
    L.E.V %: 46% (54% Residual?)
    36/12,000 miles
    Payment almost $700 a month

    How are you all getting payments in the mid 500s? No money down also.
    LEV is comparable to Residual.. so 46% is 46% residual.

    That is the residual for the 2014 model.. The base MF for the 2014 C300 is .00089..

    I think I'd run away from that dealer..
  • Re: Chronic Car Buyers Anonymous

    well, as with any asset, depreciation is only theoretical until you go to sell. But cashflow, that is real money every month!

    besides, cars depreciate whether you are making payments or not. So it costs less to not be making payments, on top of the depreciation.
    The payments are independent of depreciation... the only extra cost that you have while making payments is the finance charge. (again, cash flow is not cost).

    Depreciation is real, not theoretical. A car owner experiences it, even if it doesn't impact his cash flow, at the time.

    And... I know you guys know this, already, and I'm not trying to beat a dead horse, but not knowing the difference is what causes people to be "payment buyers", and to keep kicking the can down the road, until it kicks back.. :(
  • Re: Chronic Car Buyers Anonymous

    Stop Making Sense
  • Re: Chronic Car Buyers Anonymous

    Stop Making Sense

    Oh... I was just quoting David Byrne.. ;)
  • Re: Chronic Car Buyers Anonymous

    We were looking for a place to go, the last week of February, and thought of Las Cruces.. But, when my wife saw the average high was low-'60s for that week, she nixed that idea...