C450 lease

mxjet830

Hello all. New to this forum and actually the whole leasing experience but would like a little help with my number I recently got.

2016 C450
Msrp $62,940
Cap Cost $ 56,389
MF + .00119
Residual 58% ( 36,505.20)
Money Down $ 2,390
Monthly Pay $711.26

Lease is for 36m / 12k miles.

Looking for some outside help if this is a good deal or not. I also am looking to use MSD to lower my payments.

Thanks Everyone

kyfdx

mxjet830 said:

Hello all. New to this forum and actually the whole leasing experience but would like a little help with my number I recently got.

2016 C450
Msrp $62,940
Cap Cost $ 56,389
MF + .00119
Residual 58% ( 36,505.20)
Money Down $ 2,390
Monthly Pay $711.26

Lease is for 36m / 12k miles.

Looking for some outside help if this is a good deal or not. I also am looking to use MSD to lower my payments.

Thanks Everyone

I get $662/mo.+tax. If your state taxes the monthly payment and your rate is around 7.5%, then the calculations look good.

10% off MSRP looks good as well.

Do you have a breakdown of what the $2390 covers?

mxjet830

Thanks for the response. The $2390 is not a cap cost reduction . It includes the usual things like first month, title, dealer fee and acquistion fees. In the state of NJ we have the option to pay the taxes upfront or fold them into the leas payment.

I have heard it both ways about paying taxes upfront is a good or bad thing. Any thoughts?

kyfdx

mxjet830 said:

Thanks for the response. The $2390 is not a cap cost reduction . It includes the usual things like first month, title, dealer fee and acquistion fees. In the state of NJ we have the option to pay the taxes upfront or fold them into the leas payment.

I have heard it both ways about paying taxes upfront is a good or bad thing. Any thoughts?

The taxes get paid upfront, either way, but I like rolling that amount into my CAP cost, rather than paying it out of pocket.

If your car gets totaled after 3 months, GAP insurance pays off your balance, but are you going to get any tax money back from the state, if you paid it out of pocket? I don't know NJ sales tax rules, but if you rolled it in, it's not an issue. The state has their money and GAP insurance covers any possible shortfall in value vs. loan balance.

Other than that, I like to minimize my upfront costs, so that my monthly payment reflects the actual monthly cost of leasing the vehicle. (keeps me from spending more than I should).