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2013 and earlier-Mercedes-Benz C-Class Lease Questions
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Comments
much for a compact sedan. she'd be happy with a Jetta for $300 a month
and no money out of pocket.
2008 C350 Sport
Borolo Red Metallic Paint
Black Leather Interior
P2
Multimedia
18" AMG Wheels
Tele Aid
MSRP: $45, 935
Invoice: $42,778
Selling Price: $43, 935
Taxes, Bank Fee, First Month Security, etc.: $4,041
Residual: 59%
MF: ??
Term: 39m
Miles: 10,000/y
Monthly Payment: $591
Any thoughts would be appreciated. Did I get ripped off?
Thanks.
not so great according to www.shrewdlease.com doesn't like it much
1) Paying taxes up front
2) Invoice price to determine how good of a deal you got
I believe the above items are important and without them their rating is not accurate.
Just my 2 cents.
C300 LUX 4MATIC, #1PREMIUM PACK,IPOD,ARTIC WHITE;MSRP $37,700;
39MONTH,15,000/YR
$0 DOWN,TAXES AND BANK FEE ROLLED IN;
DEALER PICKED UP LAST TWO PAYMENTS PREVIOUS LEASE($479EA)
DEALER PICKED UP RETURN FEE($350)
FIRST MONTH PLUS REGISTRATION AT SIGNING
$564.70/MONTH
IS THIS GOOD ,BAD OR UGLY ?
COMMENTS PLEASE
i need some advice please i am in new jersey and i received this quote from a dealer if you can please advice me if it's a good deal or not i will appreciate
c300 sport 4matic p1 , multimedia , ipod, sunroof for $40,309
$3818 down payment include 7 % tax and fees ( paying tax up front)
10,000/yr
$528.88 /month
also without multimedia which include navigation :
$3626 down $480.71/ month
thank you in advance
What was your cap cost?
What was your money factor?
These are the things that dealers can play with to make it a good or bad deal.
BTW, the last two payments and waiving of the dispo fee is a MB program, not something the dealer picked up. The "loyalty accelerator" program allows for MB financial to forgive up to three payments and the dispo fee when entering a new lease of an MB vehicle.
what is the length of lease?
what is the cap cost (agreed purchase price)?
can you break down the $3818? (how much is down payment?)
This info makes it possible to determine whether your deal is good or not.
the length of the lease is 39 month
purchase price is 38390 for c 300 sport with p1 and multimedia
purchase price is 35065 for c 300 p1 but no multimedia
i wish if i can break down the down payment but i can't the dealer said it includes everything fees, tax, first month payment .
i didn't close the deal yet waiting on April numbers , for me it comes down to how much i am putting out of my pocket and how much my monthly payment is going to be .
thank you all
I purchased my C350 from Millennium Mercedes Benz of Bridgewater. I highly recommend this dealership. Ask for Anthony Lire, General Sales Manager. Tell him Steven Perry referred you. No, I don't work for the dealership.
The invoice cost for this car is $37,621, assuming non-metallic paint (you didn't specify the color), with MM. You Cap Cost is $769 over invoice. Not bad. The payment looks good.
The invoice cost for this car is $34,877, assuming non-metalic paint, without MM. Your Cap Cost is $168 over invoice. Good deal. The payment looks good.Hope this helps.
You need to understand your out of pocket in detail.
Bart :shades:
just got this deal
C300 4matic Sport black no metallic
Palladium Silver
Multi
P1
Ipod
40,390 msrp
38,390 sale price
52%
.00250 money factor
12k/year
39 mo.
$528/mo
approx. $3800k in fees due and tax ($2K for fees and dues and $1800 7% tax )
you always want to get the good deal and hoping you will not get ripped off but after shopping that was the best deal i got, what do think?
What do you think about the following deal...
C300 Sport
Metallic Paint
AMG wheels
7-sp Auto
MSRP $35575
Sell Price $33095.77
Gross Cap $34190.77 (Sell price + 1095 acquisition fee)
MF/Residual .00255/57% ($21345 to buy car at end of lease)
Total Out of Pocket $1820
Monthly Payment w/ taxes $478.54
Thanks Carman and anybody else for your input...
At the same time a Lexus IS250 with a MSRP of $41K can be leased here for $355/month for a 24 month lease w/ $4K down before any negotiations take place. Oh, and one more thing that galls me w/ MB: only WHITE is available without a paintjob surcharge of $721 and it costs them very few pfennigs to paint the car attractively. (BMW does much the same.) Bart :shades:
would this assumption be accurate?
Does leasing need to add that $595 fees (not sure what that fee was called, but when you puchasae, they add that after you negotiate)
MSRP: 40275
Invoice: 37514
Selling (Targeting) Price: 36014
Other fees (Bank fees and registration fee) $800
Gross Cap Cost: 36814
Residual Value(57%): 22957
absolute 0 down payment and fees upfront
Money Factor: 0.0025
Length: 36months (to avoid the 4th year registeration fee)
North Cal Tax: 8.25%
Payment $546.22/month
My score is not up there but I paid off 2 cars and excellent auto loan history, credit histroy established 13 years with a score of 630 before paying off my last vehicle, will they still Fianance me with this rate? or what should I expecting?
Is there other leasing comapny other than the manufacture?
Please let me know if anything on my assumption is lot or high. Also if i have missed anything.
Its my 1st time doing a lease and it is giving me a headace.
Please let me know the dearship that would work aroudn this number. I don't mind to go to South Cal to get the car if needed.
Thanks in advance,
Henry. :sick:
2008 c 300 sport with p1 and panoramic roof
msrp 36265.00
residual .57
sale price 34675.00
15k miles 39 month
due at signing tax 1700.39
acq fee ? 795.00
doc\fuel fee 45.00
registration 93.00? cant i do this myself
1st month payment 500.21
total due 3156.1
thanks in advance for the help
2008 MBenz C Class 4Matic
27 Month Lease
$445 Per Month (Including Tax)
12,500 miles Per Year
Down Payment - Title, Reg, First Payment, Other minor fees (Little over 1K.)
What are your thoughts on this offer? Any Good? Michigan by the way
multimedia, p1, panoramic roof,ipod, 7 speed automatic, 6 disc changer ,
nothing down , due at signing tax , first month ,doc fees ,bank fee
39590.00msrp sale price 37590.00 550/month 39 months 15k miles per
had one without the multimedia , ipod , 6 disc for around 513.00 but i figured for roughly and extra 40 a month why not what do u guys think?
Thanks!
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
For a $38000 car, that a very unexciting lease. The Mercedes salesman will tell you that the resale on Mercedes cars is incredibly good....but then on a lease, uses a residual value that's less than most every one of it's competitors.....because so few buyers look at the residual value when getting a lease.
They also hype low monthly costs with high up front payments....rather than telling you the real cost of the lease...because so few consider the cost up front and figure out the true monthly cost by dividing the up front "capital cost reduction" by the number of months of the lease and then adding that to the quoted lease rate.
There's one listing in this thread where someone is gloating over how low their lease price was because they put $8000 down.....which is rediculous both because they didn't think of the $8000 as part of the lease payments...and because it's just bad financially to put any money down up front.
I am new to this site and just leased a C300 luxury, 4matic today without much investigating prior to going into the dealership.
The lease is for 27 months with 10,000 miles per year. The list I think is $38,375. Options are pano roof and PI. Payment is $568 including 5% sales tax. $2,000.00 down all inclusive 1st, doc fees, plates small cap cost reduction. I do not have the final price or MF with me to post but hopefully in the morning.
Any comments would be greatly appreciated.
But the critical item that you left out is the price of the vehicle you would have to pay to buy the vehicle at the end of the 27 months. It should be in the order of $28,800. If it is then I believe that this is a very good deal. Did you get the quote on-line or in person, cause I may want to go this route!
Does anyone know what the best way to negotiate & calculate a trade-in. I was planning on negotiating the terms of the lease first. Then mention that I have a trade-in. Is it as simple as taking the difference in pay-off to the trade-in amount and adding it to the capitalized cost?
ie: hypothetically 40K MSRP negotiated for 37K. Now adding 5K difference on trade-in. New price is 42K.
Would simply need to know the cap cost/selling price to determine whether it's a good deal or not.
This is the first time I have ever made a post on any forums as I am more of a overseer to these site who likes to keep his pulse on the car market. Long story short own an E46 M3 had a deposit on the new E92 M3 but wasn't going to order a car that I wanted to lease and be committed to those leasing programs in the month it was delivered when only God knows when that would be. Not to mention dealership was marking up the money factor. Anyways drove past a Northern NJ MB dealership and I saw a Mars Red C63 AMG. Decided to take a look at it knowing how it be cheaper and compaitible to the E92 M3. Sat and started it up! Very impressed. Went inside to talk the numbers with him on a lease as I already knew the Residuals and Money factors but since I was trading in my M3 I wanted to see realistically what a deal would look like. I told him to give me the numbers with 5K down and he comes back to me with for 39 months 5K Cap Cost $1712 a month!!!!! I almost hit the ceiling. It was then when the guy told me there was a $20K mark up on the car. I laugh and got up walked out. Anyone who gives them a $1 over MSRP for that car needs to have there heads examined. Good job MB you finally engineer a car which can compete with the M3. Then you price it to compete with the M3, instead your dealerships are turning possible first time MB buyers like myself into a lifetime BMW guy.
The dealer you are working with is fundamentally scum....they will rip you off on the sell side and then rake you over the coals on the service side....and they could probably care less if you ever come back to buy another car. Don't damn all Mercedes dealers because of one bad apple. Our local dealer really focuses on developing a relationship and treats folks fairly all the way thru the deal....although they are not the cheapest dealer in the area.
Sticker Price: $41,775
Invoice Price: $38,912
TMV: $40,370
What should I offer? I have no trade and a check in hand.
Are there any incentives or "back end rebates" we don't see.
thank you!
Now if you decide to explore this route, do a lease with no "capital cost reduction" up front...just pay the first months lease plus registration fees plus any taxes...nothing else. Think about it.
You should also be aware that the 2009 C's will be arriving at dealers next month. Knowing that, you should try to buy a 2008 for invoice at this point. It's a pretty safe bet that when the 2009's come in, they will not leap off the lot into buyers hands....so you should be able to buy for maybe $1000 over invoice in August/Sept (my guess). Of course the price may go up due to the dollar...but I'm not sure they have the flexibility in the market given gas prices to raise the price very much. The improvements aren't all that significant...memory seats, power steering column adjustments, wood dash and cashmere interior available in more models.
FYI...I have already had a couple of dealers offer me a 2009 car...and we would split the difference between invoice and msrp (since we don't know the real price). I thought that was a very fair deal...and if I were buying now, I would get the 2009...or I would lease a 2008.
Sure, a 3yr/90K lease is an extra $250/mo. more than a 3yr/45K lease.. but, that extra $9K over the three years might be less than the extra depreciation on a high-line vehicle..
Of course, if you normally trade out before 90K miles, then you'll have to do a shorter term..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Just curious what the forum thinks of this. I am either going to get a C63 08 fully loaded or M3 with DCT probably with options at a flat 70K but here is my goal. I want to put down 5K Cap Cost probably 4 years 15K a year and pay less then $975 with NJ sales tax included. Does anyone think these numbers will be realistic after the summer when the 09 are being produced? I'm hoping to find a car either in NJ/NY/CT even PA that I can get some money off MSRP. I know with the price of gas and so many people making a stink about it that cars getting 20 mpg or less even on the highway aren't going to be easy to move
No one can predict where interest rates will be in the summer....or what residuals MB/BMW will put on their cars then.
In your case, it sounds like you are on the right track...wait until the 09's appear early next month and then try to find a leftover 08.
When it comes to making a cap cost reduction, you're simply "prepaying" a portion of the depreciation and thus lowering your monthly payments - certainly nothing wrog with that. If your lease is structured through MBC, it automatically includes GAP insurance, which will indeed pay off what you "owe" on the vehicle. However, if your vehicle is totaled or stolen and never recovered, yes, the GAP policy will pay off the vehicle, but you will essentially lose that $5k you put down upfront.
Also, MBC does allow up to 10 MSD's, but it varies by region. This would be a good option to explore and utilize if you want to put $5k down - this way, you will lower your monthly payments and in the unexpected event of an accident where the vehicle is declared a total loss, or if stolen, you will at least be able to recover the money you put down and utilize it towards your next lease, or simply take it back.
months, miles, residuals, money factor
Thanks in advance