Hi, it's my first time looking at leases so I wanted to get another opinion:
2013 C250 basic sport package, used by dealer so ~9000miles already Sticker Price ~31000 Quoted 29980 cap cost and 23,047 Residual
I am trading in an old car and getting some cash back which basically amounts to me paying $1500 cash down out of pocket.
Quoted payments were $350/month for 26 months including tax in CA.
Can someone you help me break this down and figure out if it is a good deal, it seems a little high as I have seen some people say a lower monthly fee for a 2014. Thanks!
I'm sorry, I don't have incentive information. Since I'm not actively shopping for this model, other forum members would be a better resource for prices paid.
2014 C350 RWD Sedan 30 month, 15K/yr lease Standard money factor and 67% residual 24 month residual is 72% 36 month residual is 65% (which is the sweet spot)
I'm not sure... they don't publish it, but anecdotal evidence says it's somewhere between .00195-.00225, and Mercedes dealers are pretty liberal with the mark-ups on it...
10K/yr residuals are 3% higher than 15K/yr residuals
I've found a leftover 2013 C250. Its loaded with a sticker price of 47300 which includes the destination & Delivery. The salesman hinted I could get the final cap cost near $40,000 not including fees.
Does anyone know if MB Finance has a lower MF to help move the remaining inventory of 2013s? What would the residual be for 12k miles per year for both the 27 and 36 month lease terms? Does the residual go down much for 15K miles a year? I drive about 13500 miles a year so I'm right in-between. Are there any additional cash incentives out there right now?
I appreciate the help. It'll make the negotiations go much smoother.
A reporter would like to speak to an owner of a Mercedes Benz CLA. If you'd like to speak to a reporter about your CLA, please send your daytime contact info to pr@edmunds.com no later than Monday, January 6, 2014 at noon PT/3 p.m. ET.
Comments
2013 C250 basic sport package, used by dealer so ~9000miles already
Sticker Price ~31000
Quoted 29980 cap cost and 23,047 Residual
I am trading in an old car and getting some cash back which basically amounts to me paying $1500 cash down out of pocket.
Quoted payments were $350/month for 26 months including tax in CA.
Can someone you help me break this down and figure out if it is a good deal, it seems a little high as I have seen some people say a lower monthly fee for a 2014. Thanks!
Prices Paid discussion is here:
http://townhall-talk.edmunds.com/direct/view/.eea6921/1296#MSG1296
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Standard money factor and 67% residual
24 month residual is 72%
36 month residual is 65% (which is the sweet spot)
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Two follow up questions. 1) What is the standard money factor? 2) What is the residual for 10K miles and 36 month lease?
Thank you!
Tom
10K/yr residuals are 3% higher than 15K/yr residuals
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I've found a leftover 2013 C250. Its loaded with a sticker price of 47300 which includes the destination & Delivery. The salesman hinted I could get the final cap cost near $40,000 not including fees.
Does anyone know if MB Finance has a lower MF to help move the remaining inventory of 2013s?
What would the residual be for 12k miles per year for both the 27 and 36 month lease terms?
Does the residual go down much for 15K miles a year? I drive about 13500 miles a year so I'm right in-between.
Are there any additional cash incentives out there right now?
I appreciate the help. It'll make the negotiations go much smoother.
Mike
.00124 MF and 54% residual
The 24 month residual is 67%... I don't have the 27 month residual, but if they are running a special, they often use the 24 month number.
Subtract 2% from all residuals for 15K/yr
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
A reporter would like to speak to an owner of a Mercedes Benz CLA. If you'd like to speak to a reporter about your CLA, please send your daytime contact info to pr@edmunds.com no later than Monday, January 6, 2014 at noon PT/3 p.m. ET.