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What is the money factor for leases on new MB c300 sport ? 36 month 15 k per year

silber911silber911 Member Posts: 3
edited June 2015 in Mercedes-Benz
I am interested in a new C300 Sport sedan. 4000 down MSRP of 51170 inclusive of dealer discounts; taxes and registration add up to 54706. I was told the residual is 31851.00. The payment they quoted me is 812.45.

It feels expensive to me, can a residual of 58% be right or maybe the money factor is rich?

Am I being taken to the cleaners?

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    MichaellMichaell Moderator Posts: 242,560
    silber911 said:

    I am interested in a new C300 Sport sedan. 4000 down MSRP of 51170 inclusive of dealer discounts; taxes and registration add up to 54706. I was told the residual is 31851.00. The payment they quoted me is 812.45.

    It feels expensive to me, can a residual of 58% be right or maybe the money factor is rich?

    Am I being taken to the cleaners?

    .00136 and 60% for 36/15 this month.

    What is the MSRP?

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    silber911silber911 Member Posts: 3
    Thank you for replying . The MSRP is 53085.00, the dealer is making a 2000 USD sales price discount, Sale Price + TTL = 54706. I am putting a total cash down of 4000 with a 36 month 15K lease. For calculation purpose I assume that my total amount financed should be 50706 and 60% residual is based of MSRP?
    If that is the case I get a payment 644.33 and not 812.45 as they quoted. What am I missing?
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    MichaellMichaell Moderator Posts: 242,560
    silber911 said:

    Thank you for replying . The MSRP is 53085.00, the dealer is making a 2000 USD sales price discount, Sale Price + TTL = 54706. I am putting a total cash down of 4000 with a 36 month 15K lease. For calculation purpose I assume that my total amount financed should be 50706 and 60% residual is based of MSRP?
    If that is the case I get a payment 644.33 and not 812.45 as they quoted. What am I missing?

    I get $636, so pretty close to your calculation.

    Ask the dealer what the net cap cost is ... if different than the $50,706, ask what else is included.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    silber911silber911 Member Posts: 3
    Thanks for advise Michaell
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