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2016 Mercedes C300 Lease quote questions

Hi folks,
Could I get some advice on this lease deal? I'm unsure of the money factor at this point. This would be my first lease. Here's what I have gotten from the dealer:
MSRP: $47,585
Negotiated price: $45,585
Yearly Mileage allowance: 12,000 mi / year
Down Payment: $1,000
Term: 36 months
Monthly Payment: $697
Money factor: Unknown
Options: This is a Mercedes C300, with the Premium 1 package, spoiler, wheel locks, heated seats, panoramic sunroof, upgraded wheels, and navigation.
Would really appreciate some feedback on this and what kind of deal this is and whether we can do better.
Could I get some advice on this lease deal? I'm unsure of the money factor at this point. This would be my first lease. Here's what I have gotten from the dealer:
MSRP: $47,585
Negotiated price: $45,585
Yearly Mileage allowance: 12,000 mi / year
Down Payment: $1,000
Term: 36 months
Monthly Payment: $697
Money factor: Unknown
Options: This is a Mercedes C300, with the Premium 1 package, spoiler, wheel locks, heated seats, panoramic sunroof, upgraded wheels, and navigation.
Would really appreciate some feedback on this and what kind of deal this is and whether we can do better.
0
Comments
If the negotiated price was the CAP cost, I get $561/mo.+tax.
However, if $1000 is your total amount due at signing, then there is probably more added to that price.
$700/mo. for a $47K MSRP car is too much, no matter what.
What state/tax rate? You should get the rest of the details from the dealer. It's not a good deal, but at least then, you'll know why.
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This is a lot to digest but will definitely get a better deal.
Also, this quote is for a MB in Sugar Land, TX.
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For a $47k MSPR car with decent credit (700+), your lease payment should be $380-$450 range.
If you check on forums posts from 6-9 months ago, 2015 C 300 was being offered at $8k discount over MSRP. That is what you should be aiming at.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
So, the residual percentage stays the same, but it's calculated against a higher MSRP, giving a higher residual.
Audi actually raises the residual percentage, if you purchase the prepaid maintenance.
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This is my first lease deal. Please let me know if this is a good deal on a 2016 c300.
MSRP: $53128
Sale Price: $45739 (14% off)
MF: .00152
3yr/36k
1st month down
$556
10 security deposits drops payment to $456. This is for a purchase in NJ, but the car will be registered in Philadelphia, PA.
Appreciate any help.
Find out from the dealer what the net cap cost is; and, is there money due at lease signing? If so, what does that cover?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'll ask about the net cap cost. Tax in Philadelphia is 11% unfortunately, and the price was based on 0 money down for 556/month or 6070 in MSD's for 456/month
Total of Payments (The amount you will have paid by the end of the lease): 17,674.16
Customer State: Pennsylvania Customer County: PHILADELPHIA
Itemization of Payment
Agreed Value: 45,740.00
a) Gross Capital Cost 46,535.00
b) Capital Cost Reduction -615.00
c) Adjusted Capital Cost 45,920.00
d) Residual 33,506.55
e) Depreciation Charge 12,413.45
f) Rent Charge 2,401.99
g) Total of base MP 14,815.44
h) Lease Term 36
i) Base MP 411.54
j) Monthly Tax 45.27
k) Personal Prop Tax 0.00
l) Excise Tax 0.00
m) Other Amounts 0.00
n) Total MP 456.81
Itemization of Gross Capital Cost
a) Agreed Value: 45,740.00
b) AcquisitionFee 795.00
c) GAP Insurance 0.00
d) Document Fee 0.00
e) Warranty 0.00
f) Upfront Sales Tax 0.00
g) Service Tax 0.00
h) Cash Down Tax 0.00
i) Trade In Tax 0.00
j) Finance Tax 0.00
k) Tire Tax 0.00
l) Lic., Insp., Title, Reg. Fees 0.00
m) Other Fees 0.00
n) Total Capital Cost 46,535.00
Itemization of Amount Due at Signing
a) Total Capital Cost Reduction 615.00
-Cap Reduction (Cash) 0.00
-Rebates 0.00
-Trade-In 615.00
b) Tax on Capital Cost Red. 0.00
c) First Monthly Payment 456.81
d) Last Monthly Payment(s) 0.00
e) Refundable Security Deposit 5,000.00
f) Acquisition Fee 0.00
g) Gap Insurance 0.00
h) Documentation Fee 395.00
i) Monthly Tax (Upfront) 0.00
j) Upfront Tax (not in Capital Cost) 0.00
k) Service Tax (not in Capital Cost) 0.00
l) Tire Tax (not in Capital Cost) 0.00
m) Lic., Insp., Title, Reg. Fees 219.00
n) Other Fees 0.00
o) Total Due at Signing 6,685.81
How the Amount Due at Signing will be Paid
a) Net Trade-In Value 615.00
b) Rebates/Credits 0.00
c) Amount Paid in Cash 5,614.00
d) Total Due at Signing 6,685.81
Mileage Allowance
The monthly payment and residual for this lease has been calculated using the following mileage allowance. You are allowed to drive 12,000 per year, 1,000 miles per month. If you exceed the mileage allowance for the lease term and do not purchase the Vehicle, you will pay 0.25 for each excess mile.
You have the option to purchase the Vehicle at the end of the lease term for $ 33,656.55, plus any applicable official fees and taxes.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
10'security deposits
Lease 3yr/36k
Msrp: 53185
10'security deposits
Lease 3yr/36k
I see you posted in December. Did you lease it?
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I don't have that information, but something to keep in mind.
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6 C300 sport - $53k MSRP
Discount: $7500 off MSRP
Due at signing: $1550
Monthly payment: $460.00 including 7% NJ Tax
10k miles, 36 months
Now my lease is 12/36. But even with the adjustments, it looks like I can probably do better than my current deal, but I'm not sure at this points. I emailed the person who made the comment to get info on his dealer but haven't heard back. Anyone know if the discount is similar when adjusting residual and MF for 12k?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige