2017 C 300 LOANER LEASE QUESTION

mercedes_89

Could you please let me know if the following is a good deal? Thanks

2017 C300 loaner car with 5500 miles on it.Lease price of 445/ month for 12,000 miles/year with 3 year maintenance and $3000 down.

I have a current C300 2016 in lease which is expiring in Sept 2018. They are ready to waive off my all remaining payments which was $666/ month on next 6 months.

Thanks a lot.

kyfdx

mercedes_89 said:

Could you please let me know if the following is a good deal? Thanks

2017 C300 loaner car with 5500 miles on it.Lease price of 445/ month for 12,000 miles/year with 3 year maintenance and $3000 down.

I have a current C300 2016 in lease which is expiring in Sept 2018. They are ready to waive off my all remaining payments which was $666/ month on next 6 months.

Thanks a lot.

What is the MSRP?
What state/tax rate?
How many miles on the loaner?

Is $3000 the full amount due at signing?

kyfdx

mercedes_89 said:

MSRP:$47500

Total Gross capital cost:$41,218 includes 3 year maintenance and without it is$39,563

Mileage:5500

State tax:7.5 for CA

$3000 due at signing in full amount and includes 1st payment of $445.

36,000 miles for 3 years allowance.
My 6 payments of $666 will be taken care by Mercedes.

.00102 MF and 58% residual (minus some amount for current mileage)

The monthly seems about right, so it doesn't appear they are marking up the money factor.

For the same deal, I'd structure it with $1150 upfront and $499/mo.
No point in putting extra money down.

Hard to argue with cutting $150/mo. off your current payment for the same vehicle. Makes you wonder if they they took advantage of you, the last time..

mercedes_89

MSRP:$47500

Total Gross capital cost:$41,218 includes 3 year maintenance and without it is$39,563

Mileage:5500

State tax:7.5 for CA

$3000 due at signing in full amount and includes 1st payment of $445.

36,000 miles for 3 years allowance.
My 6 payments of $666 will be taken care by Mercedes.

mercedes_89

Thanks for your reply. You are absolutely right.
I surely think they took advantage of me last time with $666 as monthly payment plus $2300 down. I spoke to them regarding that and they said since it was a new 2016 C300 which came out in September 2015 and I just got the car then it turned be an expensive deal.

The one I am dealing now is a 2017 C300.

The biggest factor for me is reducing my monthly payment by $220 and getting a fairly new car. They also agreed to waive off my 6 month payments. 

So I should go ahead and sign the contract right? What do you think is the disadvantage of getting a loaner car? Would you opt for a 2018 C300 instead of my current deal? If the cash price for car is 40,000 would you suggest to buy it instead of leasing it?

Thanks again 

kyfdx

mercedes_89 said:

Thanks for your reply. You are absolutely right.
I surely think they took advantage of me last time with $666 as monthly payment plus $2300 down. I spoke to them regarding that and they said since it was a new 2016 C300 which came out in September 2015 and I just got the car then it turned be an expensive deal.

The one I am dealing now is a 2017 C300.

The biggest factor for me is reducing my monthly payment by $220 and getting a fairly new car. They also agreed to waive off my 6 month payments. 

So I should go ahead and sign the contract right? What do you think is the disadvantage of getting a loaner car? Would you opt for a 2018 C300 instead of my current deal? If the cash price for car is 40,000 would you suggest to buy it instead of leasing it?

Thanks again 

Nothing wrong with leasing a loaner.. I wouldn't buy it.