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2013 and earlier-Mercedes-Benz C-Class Lease Questions
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I've done this on a few of my MB leases and it was painless
Looking for the MF and residuals for 10kmiles/year for 36 months on the 2008 and 2009 c300 luxury. Thanks!
Looking for the money factor and residual for 12k miles, 36mo lease of a 2008 or 2009 C300 Sport w premium package.
Thanks a lot!
I am from Los Angeles, CA. I am a first time car buyer. I have a credit score of 680. Looking to lease a 2009 C300 Sports Sedan. I am interested in leasing it with the multi media package.
(I got these numbers from the MBZ website.)
Base MSRP....... $33,775
Multi-Media Package...$2,980
Total.........$36,755
I want to lease for 24 months, 12k miles per year.
I have a down payment of $2000.
Monthly for the car is $778.
(These are all numbers from the MBZ website)
I am willing to pay $450-$500 a month.
Any tips and advice on how to bring my monthly down?
Then the rest, residual value and money factor are hard to change with MB finance. I hear that dealers sometimes increase the residual value but I wouldn't count on it. Money Factor varies with your credit too.
If you take a 39 month lease, your payment could be under $400. I am not so sure about keeping it under $500 for a 24 month lease.
Good luck!
I like the guy that I work with at MB in the Bay Area but I just discovered this wonderful message board so it doesn't hurt to receive feedback...
I'm looking at the following:
Description ................................ INVOICE / MSRP
C300 Sport White on Black.......... $29,853 / $32,100
Option 320: Multimedia................ $2,771 / $2,980
7-Speed Automatic Transmission.. $1,358 / $1,460
Burl Walnut Wood (uugh).............. $288 / $310
iPod Integration .......................... $349 / $375
SUBTOTAL ................................ $34,619 / $37,225
Transportation and Handling ......... $875 / $875
IRG Participation ......................... $500 / -- (this is some new weird fee)
TOTALS ..................................... $35,994 / $38,100
My price on the car would be $34,500 (about $1500 under invoice). The terms of the lease are as follows.
39 months
10K miles / year
Money Factor = .0025 (or 6%)
Residual = 57%
Out the door = 1st payment, reg/licensing and tax or $920.
Monthly = $499 + CA tax (or a total of $540/month)
Any thoughts? He let me know that his buy rate on the Money Factor is .002... so do I work him for the extra .0005?
Thanks!
ABSOLUTELY!
MSRP $38,100
Cap Cost $34,500
39 Months
57% residual
0.0025 MF
I come up with a monthly payment of $468.31 + TTL
If you change the MF to 0.002, the payment drops to $440.20 so that "extra 0.0005" is costing you almost $1100 + TTL over the course of the lease.
Note also that MB charges you an acquisition fee of $795 and a $595 vehicle turn-in fee. Almost $1400 just to sign a lease.
Also, shat strategy can I use to get a good deal at the end of the lease? Thanks.
$228 / (cap + residual) = approx. .0041 money factor
Your residual value is a percentage of the MSRP. Once you have the MSRP, it is an easy calculation.
regards,
kyfdx
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If it were me, at that price, I'd just buy the car.
But, to answer your question.. the rent charge is the finance portion of the lease payment.. equivalent to interest on a loan. The rest of the payment is depreciation. If your numbers are correct, then the equivalent interest rate on that lease is about 9.8%..
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Must have 12,000 miles a year. Looking to lease for 24 months or 36 months with no money down, is it possible? Any good deals out there? I am in the southern ca area. Any good dealerships to deal with? Let me know?
Thanks,
leeinla
I, too, have Tier-1 Credit and just leased a 2009 C300 Sport w/ PII, Nav, AMG Wheels, and iPod Connector for $582/mo (incl. CA tax) for a 39-mo lease with 10k miles per yer. I spoke with a lot of dealers, but ultimately closed the deal at Merceds of BH.
I paid $2500 to drive off, which basically amounted to traditional drive-off charges (TTL, bank fees, 1st mo), window tinting, shipping (they didn't have the exact car I wanted and wouldn't do the deal we had negotiated if they had to acquire the car, unless I was willing to pay the shipping costs), and a very small cap cost reduction (about $300). I am guessing you can get out the door without any drive-offs. We were able to do so for my wife's Acura in August. If so, those charges would just be added into the cost of your car (and, therefore, financed).
Incidentally, the monthly cost was about $15/mo (after tax) cheaper for a 27-mo lease, but with the nearly $1100 MB Credit acquisition fee (ridiculous) and some of the other up-front fees, I preferred the slightly more expensive 39 mo-lease to spread those costs out across another year.
Thanks,
leeinla
Talked to a dealer today and I said the following: $2500 down for 09 MB C class with navigation for 36 months/12K miles annually, $375 a month. He said I am almost there. I need a payment less than $400 a month. I am in the Southern CA area. Am I dreaming or am I realistic? I have tier one credit? Should I wait for car sales to take another hit in the next two months? When you lease a Mercedes Benz do you have to take it to the dealer for maintenance? Is maintaining an MB expensive?
Thanks,
leeina
Monthly Payment: $529 / month (including all fees and taxes - 7% NJ + TTL + Docs & Acquisition fees)
ZERO down, Only 1st payment of $529.
MSRP: $39,110 (Edmunds MSRP is $39,910) , dealer said it was Sept. 2008 MSRP on this car.
Invoice: $37,178
Selling Price: $35,250 ($1928 under invoice)
Residual : 67%
MF: .0017
27 month
12K / year
It may not be the best deal out there but it's the best i could get from 5 different dealers, salesperson was not pushy, we exchanged a couple of emails before i went down the dealership and it was an easy transaction, we closed the deal in under 1 hour from the time i walked in. i feel that i could do a little better but i wanted to close the deal and get it over with.
I paid the the 1st payment and signed the sales order, I'll be taking delivery on Monday and sign the lease papers.
Hope this helps other buyers, any feedback would be appreciated.
Thanks
Could you please let me know what dealer you used? thx
For those of you wondering about lease terms, the MB combination of MF and Residual seems to be favoring 27 mos. over 36 mos, but folks should consider that their non-capitalized fees, etc. are amortized over a shorter period of time. Given the time and expense associated with getting a new car (for me, a lot of time), I decided it was worth an additional $12/mo (less than $150) to have a lease secured for 39 mos.
Also,the passenger side fog light reflector is peeling. The dealer changed the serpentine belt, and the pulley. The dealer found the check engine light was due to a code of 0961. They replaced the gas cap. What is your take on the dryrotted belt sand ,in the filter housing with bird parts and the peeling fog light lens?
I have been shopping cars for 2 months and have yet to find a dealer who is really eager to offer a great deal. The BMW guys are in denial about the economy and expect min. $1000 over invoice. And the MB dealers ... I had an MB dealer let me walk for what ended up being $8 a month on a 39 month lease. They contacted me last week wondering if we couldn't meet in the middle. Are you kidding me?
Just found one C300 Sport in Capri and worked up the below at local MB dealership. Tried another MB comparison some 2 hours away just to make sure and it was pretty far off base to this one. I'm not into costly frills so this one has no Ipod, CD player and heated seat options. Think i'm going to do the lease tomorrow.
This is right off the sheet i was handed today:
Retail $36,165
Savings $3,930
Selling Price $32,235
Fees $946.05
Tax $2,033.48
Net Sales Price $35,214.53
I will put $2000 down for basics.
39 mth Lease @ 10,000 miles $480 mth
39 mth Lease @ 12,000 miles $491 mth
Giving $3000 to $4000 out of pocket down will decrease the mthly which is also shown here as slightly less cost.
Direct Purchase:
$35,214.53 Purchase price for 60 mth @ 4.9% with $2000 dwn = $625-$630 mth
$3000 down = $606-$611 mth
$4000 down = $587 - $597 mth
Good timing = End of the month, end of the year, economy down with automotive world hurting. Right time to buy.
Shop, Shop and make sure you get what you are looking for.
I picked up the car today and everything went as expected.
Thanks
Can you please help me???? I am looking to lease a C class (sport version) for 39 months/ 12k per year lease term. The MSRP on the car is about $40k. The dealer i talked to is quoting about $600.00 /month with about $800 down. The MF they are quoting is .0020 and the residual is 54% The MF seems high based on some of the comments on this forum. any thoughts?
All of that said, there's room to negotiate. I'm paying about $540/mo plus tax for a $44k MSRP C300S Sport -- it has PII, Nav, AMG wheels, iPod Connectors, and the walnut trim. I paid standard out-of-pockets and a very small (i.e. $300) cap cost reduction.
Also just out of curiousity, what IS the difference between the AMG wheels vs the standard? Is the tire roar more noticeable with AMG? Do they grip the road better?
Here's the overall deal I'm getting, any comments on if I can get a better package or not would be helpful.
2009 C300 Sport
Metallic Grey, with P1 Premier Package, iPod, and Burl Wood Trim
MSRP: $37,990
Quoted Price: $32,500 (which means $5,490 off of MSRP)
MF: .00064
Residual: 67% (27mo/12k mi)
Works out to about $420 per month with ZERO down.
So again, the big question is whether anyone else is seeing the .00064 MF on this car from any dealer they've talked to and how that is!!
If the dealer is offering you a great MF and doesn't try to bait-and-switch you later, why are you even worried about it? That's an outstanding deal. I'd jump on it.
Looking to get an '09 AWD with P1 and leather package. MSRP $40,795ish
Also any advice about a discount from MSRP would be great.
Thanks
I'll be in the market for a new car in the next month or so. Are there any incentives/trunk money on the C and E series going on now?
Any info would be greatly appreciated. Thanks, Luk.
C300 Luxury 4-Matic, P1, Navigation, black ext with MB Tex. 39 months, $1300 out of pocket for 1st month payment, registration, and whatever was left for their inflated bank fee. **I would not pay their BS "doc fee."** $499 a month including NJ sales tax 7%. Great deal, right?!! Well I got there to sign the deal and hopefully pick up the car and my salesman was no where in sight. I called him all morning too and the receptionist kept telling me he was busy, he was at lunch, and he was delivered a car, blah blah blah. When I got there, I waited 20 minutes and then this guy Richard came and he was just stupid and ignorant. I had also negotiated to have the chrome door inserts put on the car for free with my saleman. Richard had no idea about that so he told me it would cost me $110 to have them installed and it couldn't be done until next week. I also asked Richard if he could disable the beeping alarm when you are not wearing your seatbelt (I know, not good of me) and he we will not because it is a liability. He was very adamant about how he "would not." He didn't even bother to explain that disabling the alarm for the seat belts disables the airbags which I would never want to do. I ended up just walking out. This guy was stupid and obnoxious. I really wanted to get the car from Erik Laberge at Prestige Mercedes in Paramus, NJ. He was great. Class act guy with a great deal. Same deal as above, but it for a Sport model instead of Luxury and my wife wanted the Sport, so it was hard to not get it from Erik, but he really was great. He would have been my top choice. Instead, we picked up the car today from this obnoxious guy named Victor Dillon at Flemington Mercedes. It was a far trip for us, but worth. We ended up getting the car from him for $489 a month including NJ sales tax and got an added Panorama Sunroof and Ipod connector in the glove compartment. It was perfectly smooth and everything was great, except this guy had the personality of roadkill oppossum and he was way too opinionated telling my wife that he didn't like the chrome door inserts. He should have just kept his mouth shut. But still, I got a great car for $489 a month including tax with only $1300 out of pocket including my first month's payment. The MSRP on the car is over $43K. I guess I shouldn't complain.
If anyone wants a black on black Sport model with 4-Matic, P1, and Navigation for under $500 a month including NJ sales tax and only $1300 due at signing for 39 months, go see Erik Laberge at Prestige Mercedes in Paramus and make up for the stringing along I did to him. I actually do feel bad about it. I backed out of the deal an hour before I should have arrived.
Keep working on the deals. Maybe you'll do better than me. Who cares about residuals and money factors when you can put less than $1500 down and pay less that $500 a month on a $42,000+ car.