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2017 Mercedes-Benz C43 AMG Lease Info

machild1machild1 NevadaPosts: 5
edited February 2017 in Mercedes-Benz
Does MB offer a minimum security deposit program and if so how many MSD's can be made? What would the maximum MSD's bring the bank rate down to? I'm looking at the new 2017 C43 AMG and the 5.19% interest rate is killing the deal when I work through the math of a 36 month 10K mile lease. Also, for a 36/10K lease is the residual on the coupe 58%? Thank you in advance for your help.
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Comments

  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    machild1 said:

    Does MB offer a minimum security deposit program and if so how many MSD's can be made? What would the maximum MSD's bring the bank rate down to? I'm looking at the new 2017 C43 AMG and the 5.19% interest rate is killing the deal when I work through the math of a 36 month 10K mile lease. Also, for a 36/10K lease is the residual on the coupe 58%? Thank you in advance for your help.

    It's a Multiple Security Deposit program, and yes, MBFS has one.

    Not sure of the parameters, though.

    But, the base MF for this model is .00129 MF for the coupe. (that's equivalent to 3.09% APR), so they are marking that up on you. It's best to get them to use the base rate, before worrying about MSD reduction.

    56% residual for 36/10 on the coupe.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • mbr2585mbr2585 Posts: 1
    edited January 2017
    Hello.
    Trying to get an idea of what others are paying on a lease for a 2017 C43 AMG sedan. Went to my first dealer and this is what they came up with. 
    MSRP: 62530
    Cap cost: 60530
    Cap reduction: -951.79
    Bank fee: 1095.00
    Net Cap: 62576.79
    Residual: 35642.10
    Total Depreciation: 26934.69
    Tax on credit: 329.22
    Lic Fees: 542.75
    Advance payments: 999.82
    Other fee: 80
    Total drive off: 6000
    Rate: 0.00181

    Monthly payments come to 999.82. Includes monthly depreciation of 748.19, monthly rental of 177.78 and monthly sales tax of 73.85 (California). Lease was for 36/15k. How is this looking? Can someone explain the high total drive off of 6k? Also I will take care of the negative equity of my trade in with cash but didn't offer it at the time because the deal seems bad to me. Thank you!
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    mbr2585 said:

    Hello.
    Trying to get an idea of what others are paying on a lease for a 2017 C43 AMG sedan. Went to my first dealer and this is what they came up with. 
    MSRP: 62530
    Cap cost: 60530
    Cap reduction: -951.79
    Bank fee: 1095.00
    Net Cap: 62576.79
    Residual: 35642.10
    Total Depreciation: 26934.69
    Tax on credit: 329.22
    Lic Fees: 542.75
    Advance payments: 999.82
    Other fee: 80
    Total drive off: 6000
    Rate: 0.00181

    Monthly payments come to 999.82. Includes monthly depreciation of 748.19, monthly rental of 177.78 and monthly sales tax of 73.85 (California). Lease was for 36/15k. How is this looking? Can someone explain the high total drive off of 6k? Also I will take care of the negative equity of my trade in with cash but didn't offer it at the time because the deal seems bad to me. Thank you!

    .00123 MF and 57% residual.

    Money factor is marked up, and so is the acquisition fee ($795 base).
    The upfront money is probably to cover your negative equity, though you don't say how much that is. (looks like $951 is going to CAP reduction)

    That's a pretty small discount, as well.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    kyfdx said:
    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?
    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 



    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr

    How low will they generally go on the msrp if it's $65,000?
  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:


    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr
    How low will they generally go on the msrp if it's $65,000?

    We don't track selling prices.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    Michaell said:

    van131 said:


    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr
    How low will they generally go on the msrp if it's $65,000?
    We don't track selling prices.

    I see. Where do you get the MF and Residual percent from? Sorry I've never asked before.
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    van131 said:

    Michaell said:

    van131 said:


    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr
    How low will they generally go on the msrp if it's $65,000?
    We don't track selling prices.
    I see. Where do you get the MF and Residual percent from? Sorry I've never asked before.

    That's confidential. ;)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    kyfdx said:

    van131 said:

    Michaell said:

    van131 said:


    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr
    How low will they generally go on the msrp if it's $65,000?
    We don't track selling prices.
    I see. Where do you get the MF and Residual percent from? Sorry I've never asked before.
    That's confidential. ;)

    lol Thats okay but what do I tell the dealer when they ask how or where I got that?
  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:

    kyfdx said:

    van131 said:

    Michaell said:

    van131 said:


    kyfdx said:

    van131 said:


    kyfdx said:

    van131 said:

    Im looking to get either a C300 Cabriolet or a C E43 AMG convertible. What is the MF and Residual I would be looking for? What kind of deals have people gotten?

    What term and mileage allowance?


    24 or 36 months with 10k or 12k. 

    C300 vert: .00108 MF and 63%/58% residual for 24/36 months, 12K/yr
    C43 vert: .00127 MF and 60%/55% residual for 24/36, 12K/yr

    Add 1% for 10K/yr
    How low will they generally go on the msrp if it's $65,000?
    We don't track selling prices.
    I see. Where do you get the MF and Residual percent from? Sorry I've never asked before.
    That's confidential. ;)
    lol Thats okay but what do I tell the dealer when they ask how or where I got that?

    Don't tell them the number - if they quote a higher MF, be polite and let them know you won't sign a deal with an inflated MF. They know the base rate. If they don't quote the MF at all, or want to hide the number from you, that's a sign to move on to another dealership.

    The residual is fixed by the bank and cannot be altered.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    What they gave me c43: 

    "C43A4 - brilliant blue metallic - saddle brown

    65,065
    Lease -
    36 m
    10 k
    Residual - based on today 55%
    .00187 
    Total due on signing 4762.25
    Includes first month and drive offs.

    Will be 998.55 a month :)"
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    van131 said:

    What they gave me c43: 

    "C43A4 - brilliant blue metallic - saddle brown

    65,065
    Lease -
    36 m
    10 k
    Residual - based on today 55%
    .00187 
    Total due on signing 4762.25
    Includes first month and drive offs.

    Will be 998.55 a month :)"
    MF is marked up from .00127
    Residual should be 56% for 36/10.

    Ask for the adjusted CAP cost. Can't calculate a payment without it.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    edited February 2017
    Here's what he said when I asked for a price reduction: "So it's  2,000 less, subtract the 5X% residual, you're really taking  1,000 off, which saves you  20/mo. The better deal would be on the one I have. If you really want the blue, we can build one" he gave me the proper MF and Residual percent. 


  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    van131 said:

    Here's what he said when I asked for a price reduction: "So it's  2,000 less, subtract the 5X% residual, you're really taking  1,000 off, which saves you  20/mo. The better deal would be on the one I have. If you really want the blue, we can build one" he gave me the proper MF and Residual percent. 


    What is your state and tax rate?

    The tiny discount and marked up money factor make this a bad deal, either way.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39
    edited February 2017
    Michigan 6%. He gave me a MF of .00127 and Residual of 56%.
    I'm thinking of asking for $4000 off. What's the max I can take off? 7 percent? 
  • kyfdxkyfdx Everywhere, USAPosts: 122,878
    edited February 2017
    van131 said:

    Michigan 6%. He gave me a MF of .00127 and Residual of 56%.
    I'm thinking of asking for $4000 off. What's the max I can take off? 7 percent? 

    Using your new numbers:

    $66,900 MSRP
    $65,065 Selling price
    $795 acquisition fee
    $500 DMV/dealer fee (est)
    $66,360 CAP cost
    .00127 MF and 56% residual
    $934/mo.+tax = $990/mo.
    Due at signing: 1st payment only.

    So, even with high selling price, it's about the same payment, with $3800 less due at signing, than the original quote.

    Every $1000 lower price saves about $31/mo. I don't have any idea what price you might be able to negotiate.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • van131van131 Posts: 39

    This is on the Mercedes website for specials. Cap cost reduction is down payment?
  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:


    This is on the Mercedes website for specials. Cap cost reduction is down payment?

    Yes.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    Is this using  .00127 MF? 

  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:

    Is this using  .00127 MF? 

    Yes

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    Does the dealer put a 7% or 6% mark up?
  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:

    Does the dealer put a 7% or 6% mark up?

    Don't know - use the 'make / model / year' pull downs at the top of the page to link to the TMV price tools.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    I got a quote from another dealer:


  • van131van131 Posts: 39
    Michaell said:

    van131 said:

    Does the dealer put a 7% or 6% mark up?

    Don't know - use the 'make / model / year' pull downs at the top of the page to link to the TMV price tools.
    I got a quote from another dealer:

  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:

    Michaell said:

    van131 said:

    Does the dealer put a 7% or 6% mark up?

    Don't know - use the 'make / model / year' pull downs at the top of the page to link to the TMV price tools.
    I got a quote from another dealer:

    I don't have a 39 month residual number.

    If I use these prices with a 36 month residual, I get $738/mo before tax.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • van131van131 Posts: 39
    He wrote down $30 more for 36 months on the bottom? 
  • MichaellMichaell ColoradoPosts: 113,855
    van131 said:

    He wrote down $30 more for 36 months on the bottom? 

    Probably marking up the MF for more profit

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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