Car Buying Advice - HELP! Mercedes C300 Lease Offer in Texas

baazigarbaazigar DALLAS, TXMember Posts: 3
edited April 2017 in Mercedes-Benz
Hi need help urgently. I just discovered this forum.
I am leasing a 2017 Mercedes C300 convertble with MSRP 56,695 in Texas for 36 months on 10,000 miles, Based on the numbers I’ve seen, MF is 0.00108 and RV is 58%.
The dealer is offering me a selling price of 54,357 ( 4.1% discount), however my fleet program reduces the cost by another $2,000 and he is offering tax credits of approx 2500. Aquisition fee is $1095. The payment he is offering me is 693/month. I am putting my first payment +150 down=$843 down. No security deposit.

1. By offering to pay a security deposit can I reduce the money factor? Assuming that comes back to me at the end of the lease. Does that work in TX?
2. By Opting for auto pay do I get a discount and if so how – is it a lower money factor?
3. What else can I do to get a better deal?

Best Answers

  • baazigarbaazigar DALLAS, TXMember Posts: 3
    Answer ✓
    Thank you again.

Answers

  • baazigarbaazigar DALLAS, TXMember Posts: 3
    Thank you for your advise. You saved me money. My salesman in TX did not know about the MSD program and neither did the finance guy. They had to check with the checkers etc. So I landed up making 10 security deposits and that brought the MF down.

    They also screwed up on the Residual, it was 59% and not 58% so that saved me some money as well. The final numbers look like this, let me know if you see anything missing

    Original Deal for a 36 month with 10,000 miles
    MSRP 56,695, Selling price of 54,357 ( 4.1% discount)
    Original MF is 0.00108 and RV is 58%.
    Fees: Doc Fee (150), Acquisition (1095), Lic Fee(118.25), Cap Fees (203), Cap Taxes (785.36)
    Gross Cap Cost: 55,655, Cap reduction of 2015.59 through 1st payment, 2k fleet incentive + 150 doc fee
    Net Cap Cost: 54,424.78 (discount 9.91% discount of MSRP + Tax + Title + Registration)
    Payment: $693 a month

    New Deal:
    MSRP 56,695, Selling price of 54,357 ( 4.1% discount)
    Aftermarkets: 1474 (pre paid maintenance & dent & interior leather protection 499)
    New MF is 0.00028 after 10 MSD of 7k and auto pay discount
    Corrected RV of 59%
    Gross Cap Cost: 57,129, Cap reduction of 20000 through fleet incentive
    Net Cap Cost: 55,914.37 (discount 11% discount of MSRP + Tax + Title + Registration)
    Payment: $633 a month

    Can you pleasemake sure I am not missing anything?
  • MichaellMichaell ColoradoModerator Posts: 206,044
    baazigar said:

    Thank you for your advise. You saved me money. My salesman in TX did not know about the MSD program and neither did the finance guy. They had to check with the checkers etc. So I landed up making 10 security deposits and that brought the MF down.

    They also screwed up on the Residual, it was 59% and not 58% so that saved me some money as well. The final numbers look like this, let me know if you see anything missing

    Original Deal for a 36 month with 10,000 miles
    MSRP 56,695, Selling price of 54,357 ( 4.1% discount)
    Original MF is 0.00108 and RV is 58%.
    Fees: Doc Fee (150), Acquisition (1095), Lic Fee(118.25), Cap Fees (203), Cap Taxes (785.36)
    Gross Cap Cost: 55,655, Cap reduction of 2015.59 through 1st payment, 2k fleet incentive + 150 doc fee
    Net Cap Cost: 54,424.78 (discount 9.91% discount of MSRP + Tax + Title + Registration)
    Payment: $693 a month

    New Deal:
    MSRP 56,695, Selling price of 54,357 ( 4.1% discount)
    Aftermarkets: 1474 (pre paid maintenance & dent & interior leather protection 499)
    New MF is 0.00028 after 10 MSD of 7k and auto pay discount
    Corrected RV of 59%
    Gross Cap Cost: 57,129, Cap reduction of 20000 through fleet incentive
    Net Cap Cost: 55,914.37 (discount 11% discount of MSRP + Tax + Title + Registration)
    Payment: $633 a month

    Can you pleasemake sure I am not missing anything?

    With the new deal, I get $649/mo - your quote looks pretty good by comparison.

    Edmunds Price Checker
    Edmunds Lease Calculator
    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

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.