Can you please provide Florida MF and residual details for Mercedes 2016 CLA 250 and 2016 CLA 250 4matic, 36/10k, 36/12k and 36/15k. Thank you in advance.
Can you please provide Florida MF and residual details for Mercedes 2016 CLA 250 and 2016 CLA 250 4matic, 36/10k, 36/12k and 36/15k. Thank you in advance.
Can I get the MF and residual for CLA250 AWD for Iowa 36/10k. Here's the actual vehicle: CLA250 4MATIC Sport
Also, with it being a 2016 and MSRP of $48,375, it looks like I could get a good asking price. Any possibility I could bring it down closer to $38k-40k? I haven't seen a lot of offers.
Can I get the MF and residual for CLA250 AWD for Iowa 36/10k. Here's the actual vehicle: CLA250 4MATIC Sport
Also, with it being a 2016 and MSRP of $48,375, it looks like I could get a good asking price. Any possibility I could bring it down closer to $38k-40k? I haven't seen a lot of offers.
Can I get the MF and residual for CLA250 AWD for Iowa 36/10k. Here's the actual vehicle: CLA250 4MATIC Sport
Also, with it being a 2016 and MSRP of $48,375, it looks like I could get a good asking price. Any possibility I could bring it down closer to $38k-40k? I haven't seen a lot of offers.
.00046 MF and 59% residual.
Sorry, no idea on selling prices .
Thanks. I'll go back to the dealer and see what they come up with.
Thank you Michaell. Any suggestions on how to get the MF down? Dealer has given me a 14.4% discount off MSRP for 2016 model but the MF is 3-4x the base amount you are suggesting and the residual is a few points higher.
Can I get the MF and residual for CLA250 AWD for Iowa 36/10k. Here's the actual vehicle: CLA250 4MATIC Sport
Also, with it being a 2016 and MSRP of $48,375, it looks like I could get a good asking price. Any possibility I could bring it down closer to $38k-40k? I haven't seen a lot of offers.
Thank you Michaell. Any suggestions on how to get the MF down? Dealer has given me a 14.4% discount off MSRP for 2016 model but the MF is 3-4x the base amount you are suggesting and the residual is a few points higher.
Be polite and tell them you won't sign a deal with an inflated MF.
And, the dealer can not modify the residual value - it's set by the bank.
Does the MF and residual vary by state? Looking for OR... for three options 36/10, 36/12, 36/15.
Is it worth going lower mileage to start and then buying additional miles if needed? The dealer was pushing me to go low and buy extra, but would love a non-biased opinion. Typically buy vs. lease, so wrapping my head around it all.
Hoping now that 17s have started to arrive, the pricing on the 16s should be much more aggressive to move.
Does the MF and residual vary by state? Looking for OR... for three options 36/10, 36/12, 36/15.
Is it worth going lower mileage to start and then buying additional miles if needed? The dealer was pushing me to go low and buy extra, but would love a non-biased opinion. Typically buy vs. lease, so wrapping my head around it all.
Hoping now that 17s have started to arrive, the pricing on the 16s should be much more aggressive to move.
The MB numbers are national.
FWD or 4Matic?
And, I believe you can only 'buy' extra miles when you start out with the 15K residual.
Regarding the buy vs. lease argument, how long do you normally keep your vehicles?
Does the MF and residual vary by state? Looking for OR... for three options 36/10, 36/12, 36/15.
Is it worth going lower mileage to start and then buying additional miles if needed? The dealer was pushing me to go low and buy extra, but would love a non-biased opinion. Typically buy vs. lease, so wrapping my head around it all.
Hoping now that 17s have started to arrive, the pricing on the 16s should be much more aggressive to move.
The MB numbers are national.
FWD or 4Matic?
And, I believe you can only 'buy' extra miles when you start out with the 15K residual.
Regarding the buy vs. lease argument, how long do you normally keep your vehicles?
4matic.
Interesting about "buying" only when maxing out at 15K. I'll have to follow-up on that.
In the past, I've had cars about 6-8 years, but kind of like the idea of being able to get something new every 3 years or so (and a lower payment). OR if I'm in love with the car, refinance at the end of the lease term and go the ownership route.
Does the MF and residual vary by state? Looking for OR... for three options 36/10, 36/12, 36/15.
Is it worth going lower mileage to start and then buying additional miles if needed? The dealer was pushing me to go low and buy extra, but would love a non-biased opinion. Typically buy vs. lease, so wrapping my head around it all.
Hoping now that 17s have started to arrive, the pricing on the 16s should be much more aggressive to move.
The MB numbers are national.
FWD or 4Matic?
And, I believe you can only 'buy' extra miles when you start out with the 15K residual.
Regarding the buy vs. lease argument, how long do you normally keep your vehicles?
4matic.
Interesting about "buying" only when maxing out at 15K. I'll have to follow-up on that.
In the past, I've had cars about 6-8 years, but kind of like the idea of being able to get something new every 3 years or so (and a lower payment). OR if I'm in love with the car, refinance at the end of the lease term and go the ownership route.
.00046 and 56% for 36/15. Add 2% for 12K or 3% for 10K.
I hear you. I have car ADD, so I tend to lease and get something new every three years. My wife is a 'buy and hold' person, so we financed her Outback.
But - rarely does it make sense to lease with an intention to buy. There are costs associated with a lease that you don't have when you buy (acquisition fee, for one). So, think through this based on how much you like the car and how long you keep it.
Michaell, what is the residual and MF for 2016/2017 CLA 250 AWD for 36/10K ? From earlier posts, I took it as 58% and 0.00027 for both 2016 and 2017. The dealer just told me that for 2017 its actually 60% and 0.00046. Is this correct ?
Is the below deal good ? MSRP - 34,400 + $7650 (extras) + $925 destination = $42,975 Net Cost = $37,818 (assuming a 12% discount) Residual = $25,785 (at 60%) Depreciation = $12,033
I live in Yonkers, NY (10701). do you know on what amount the tax will be calculated ? I am assuming Tax is paid on monthly payment, so it shd be (8.875% on $363.51 = $31.81 * 36 months = $1,145) . Is this correct ? The dealer said my tax will be close to $2,087 !!!!
Michaell, what is the residual and MF for 2016/2017 CLA 250 AWD for 36/10K ? From earlier posts, I took it as 58% and 0.00027 for both 2016 and 2017. The dealer just told me that for 2017 its actually 60% and 0.00046. Is this correct ?
Is the below deal good ? MSRP - 34,400 + $7650 (extras) + $925 destination = $42,975 Net Cost = $37,818 (assuming a 12% discount) Residual = $25,785 (at 60%) Depreciation = $12,033
I live in Yonkers, NY (10701). do you know on what amount the tax will be calculated ? I am assuming Tax is paid on monthly payment, so it shd be (8.875% on $363.51 = $31.81 * 36 months = $1,145) . Is this correct ? The dealer said my tax will be close to $2,087 !!!!
Thanks !
This is the 2016 thread; all numbers are valid for 2016 only. 2017 thread is here:
Need some help. Looking a leasing a 2017 Mercedes Benz CLA250C, MSRP $46.1 . I can buy the car for $42k plus taxes, registration etc. However for a zero down , 7500 mile, 36 month lease they want $694 a month. This seems way out of line. Please help/comment. Location is Tampa, FL. Absolutely no credit score concerns.Thanks
Need some help. Looking a leasing a 2017 Mercedes Benz CLA250C, MSRP $46.1 . I can buy the car for $42k plus taxes, registration etc. However for a zero down , 7500 mile, 36 month lease they want $694 a month. This seems way out of line. Please help/comment. Location is Tampa, FL. Absolutely no credit score concerns.Thanks
I see you've also posted in the 2017 thread ... I'll answer over there.
Hi @Michaell , What is the residual and money factor on 2016 cla for 36 months/12k. A dealer is offering 56% residual and 0.00025 MF on cla 250 which has ~2000 miles (was a loaner car and wasn't titled). How these miles driven are calculated in a lease calculation?
Hi @Michaell , What is the residual and money factor on 2016 cla for 36 months/12k. A dealer is offering 56% residual and 0.00025 MF on cla 250 which has ~2000 miles (was a loaner car and wasn't titled). How these miles driven are calculated in a lease calculation?
Thanks!
.00006 MF and 56% residual for 36/12.
The extra miles will reduce the residual from the 56% amount. Probably by $0.20-$0.25 per mile.
Hi @Michaell , I'm looking to lease a dealer service CLA 2016 FWD. The listed price is 32,000. Is 28,000 a reasonable price to offer for it? If not, what would be. It has 9,000 miles and allowed miles is 7500. MF is 0.0008 and residual I was given is 61%. Thanks
Hi @Michaell , I'm looking to lease a dealer service CLA 2016 FWD. The listed price is 32,000. Is 28,000 a reasonable price to offer for it? If not, what would be. It has 9,000 miles and allowed miles is 7500. MF is 0.0008 and residual I was given is 61%. Thanks
What lease term and how many miles per year are you looking for?
The MF is .00006 (4 zeros).
We don't track selling prices - find out what kind of discount is available on a new unit, and deduct accordingly for the miles. That's how the residual is adjusted.
Thanks. I'm looking at a 36 month lease, 7500 miles per year. Also the MF was 0.00008 but based on your comment, I'm going to ask for 0.00006. Sorry to ask a very basic question. If the discount available is 2000, how exactly do I "deduct accordingly for the miles"? Do I just take 2000 off the sale price I was offered or is there some other formula?
Thanks. I'm looking at a 36 month lease, 7500 miles per year. Also the MF was 0.00008 but based on your comment, I'm going to ask for 0.00006. Sorry to ask a very basic question. If the discount available is 2000, how exactly do I "deduct accordingly for the miles"? Do I just take 2000 off the sale price I was offered or is there some other formula?
.00008 is the base MF for the CLA 4Matic.
Generally, deduct .25-.50 per mile; if the car has 9000 miles on it, take another $2K off the $2k discount you are already getting.
Comments
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Add 2% for 12K and 3% for 10K
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CLA250 4MATIC Sport
Also, with it being a 2016 and MSRP of $48,375, it looks like I could get a good asking price. Any possibility I could bring it down closer to $38k-40k? I haven't seen a lot of offers.
Sorry, no idea on selling prices .
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CLA 250 4MATIC
MSRP $45,780 (Demo/Loaner Car with 2,000 miles) - Located in Minnesota (but I'll be driving it in Iowa)
Final Selling Price $38,487
Monthly payment of $370.73
36 months
$2500 down
Money factor is at .00088
Is $2500 the full amount due at signing?
What is your tax rate?
What is the mileage allowance?
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And, the dealer can not modify the residual value - it's set by the bank.
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Is it worth going lower mileage to start and then buying additional miles if needed? The dealer was pushing me to go low and buy extra, but would love a non-biased opinion.
Typically buy vs. lease, so wrapping my head around it all.
Hoping now that 17s have started to arrive, the pricing on the 16s should be much more aggressive to move.
FWD or 4Matic?
And, I believe you can only 'buy' extra miles when you start out with the 15K residual.
Regarding the buy vs. lease argument, how long do you normally keep your vehicles?
Edmunds Price Checker
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Interesting about "buying" only when maxing out at 15K. I'll have to follow-up on that.
In the past, I've had cars about 6-8 years, but kind of like the idea of being able to get something new every 3 years or so (and a lower payment). OR if I'm in love with the car, refinance at the end of the lease term and go the ownership route.
I hear you. I have car ADD, so I tend to lease and get something new every three years. My wife is a 'buy and hold' person, so we financed her Outback.
But - rarely does it make sense to lease with an intention to buy. There are costs associated with a lease that you don't have when you buy (acquisition fee, for one). So, think through this based on how much you like the car and how long you keep it.
Edmunds Price Checker
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FWD - .00043
AWD - .00046
59% residual for both
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FWD - .00025
AWD - .00027
58% for both.
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Also what are residuals for the same, 7500/36 and 10000/36? Thank you.
Is the below deal good ?
MSRP - 34,400 + $7650 (extras) + $925 destination = $42,975
Net Cost = $37,818 (assuming a 12% discount)
Residual = $25,785 (at 60%)
Depreciation = $12,033
Monthly: $363.51 (finance fee -29.26 + monthly fee 334.25)
I live in Yonkers, NY (10701). do you know on what amount the tax will be calculated ? I am assuming Tax is paid on monthly payment, so it shd be (8.875% on $363.51 = $31.81 * 36 months = $1,145) . Is this correct ? The dealer said my tax will be close to $2,087 !!!!
Thanks !
58% for 36/10K, 59% for 36/7500
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http://forums.edmunds.com/discussion/43248/mercedes-benz/cla-class/2017-mercedes-benz-cla-class-lease-questions#latest
.00046 is the 2017 MF with autopay discount factored in.
We should take this to the 2017 thread, so as not to confuse people.
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What is the residual and money factor on 2016 cla for 36 months/12k.
A dealer is offering 56% residual and 0.00025 MF on cla 250 which has ~2000 miles (was a loaner car and wasn't titled). How these miles driven are calculated in a lease calculation?
Thanks!
The extra miles will reduce the residual from the 56% amount. Probably by $0.20-$0.25 per mile.
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https://forums.edmunds.com/discussion/38171/mercedes-benz/c-class/2016-mercedes-c-class-lease-questions#latest
2017 C-class discussion:
https://forums.edmunds.com/discussion/40633/mercedes-benz/c-class/2017-mercedes-benz-c-class-lease-questions#latest
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The MF is .00006 (4 zeros).
We don't track selling prices - find out what kind of discount is available on a new unit, and deduct accordingly for the miles. That's how the residual is adjusted.
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Generally, deduct .25-.50 per mile; if the car has 9000 miles on it, take another $2K off the $2k discount you are already getting.
58% residual for 36/7.5
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