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2013 and earlier-Mercedes-Benz C-Class Lease Questions
CarMan@Edmunds
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For current leasing information, go to 2015 Mercedes C Class Lease Questions
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes-Benz C-Class. Thanks.
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes-Benz C-Class. Thanks.
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Can you please post the 24 and 36 mos 15k/year, money factor and residual values for the 2006 C230 and C280 4Matic.
Thanks
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Can you please add the lease information (money factor, residuals) for the 2006 C280 4Matic for a 10k and 12k lease for 36 and 48 months? I leased my last MB on a 48 month lease, which at the time, the dealer said was the best way to go on MB leases.
Thanks!
Sailorstac
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I leased C240 in June of 2002 - 48mnth/60K miles. I am about 9 months from the completion of the lease and currently at 57K miles. What would you recommend I do?? 1) Prepay for additional miles, 2) Flip the car, 3) Buy the car, 4) Other.
Also how would I calculate the money factor I received on my lease given that I know the rent charge? I would assume lease rates are more favorable now then they were back in '02.
Thanks
EOL9
If you know the full MSRP of your car, how much you paid for it, and what its lease-end purchase price (aka residual value) is, you should be able to use the formula that is outlined in the following article to back into your car's approximate lease money factor if you really want to: Calculate Your Own Lease Payment. What's done is done though and there's nothing that you can do about to change your car's money factor at this point so it really doesn't matter.
In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.
Once you know what your car is worth on the open market versus what it will cost to buy it, you can make an educated decision about whether to purchase it at lease-end or not. If your car is worth more than or around the same as irs purchase price, you can buy it and trade it in (most dealers will facilitate this sort of transaction) or you can buy it and continue to drive it. A bonus to purchasing your vehicle at the end of your lease is that consumers who buy their leased vehicles do not have to pay any sort of penalty for excess mileage or excess wear and tear.
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What are the current residual and MF for a c280 4-matic? I was told by a dealer that their "deal" is good through Nov. 30th, but of course it makes sense to figure out on my own what I want to spend before jumping at their deals.
Looking at 39 month and either 12 or 15k miles.
Thanks.
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Also, I'm in Texas where it appears that when leasing a car, the lessee has to pay sales tax on the full value of the car, not just on the portion leased. Are you familiar with this practice and does it make leasing a car in Texas not a good idea financially??
Thanks -
Blease
Can you please advise me of the December MB lease rates on a 2006 C280 4matic, 15,000/Yr 39month lease in NY.
Thanks
HSC
Unfortunately, I am aware of the annoying way that Texas calculates sales tax on leased vehicles. Many Texas residents get around the high sales tax that is charged on leases by getting balloon notes instead. Balloon notes are very similar to leases, but sales tax is calculated differently on them in your state.
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Please provide me with current MF and Residual for a 2006 C230 Automatic Sedan for a 2yr, 15000mi/yr lease and a 3yr, 15000mi/yr lease. The dealer I am working with is offering to pay my first two lease payments for me. Have you ever heard of that before? Thanks in advance.
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i was in and out in 1 hour. houston, tx.
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Price Quoted:
C280W4 34750
775 Iridium Silver 680
275 Pwr drv seat, Strng column w. memory 600
324 324 SunRoof pkg 1790
232 Grg dr. opnr
249 AutoDim, Dr & Rrvw mirror
345 Rain Sensor
414 Glass snroof
540 Prw rear-wndw Sunshade
359 TeleAid Dgtl/PreWired cellPhone 820
530 NAV 2210
819 6-disc CD 420
SUBTOTAL 41270
DESTINATION & DELIVERY 775
TOTAL 42045
Lease: 39 Mos, 15k/year
Pay $1900 up-front (1st Month payment $589 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
Monthly Payment: $589
Disposition Fees : $595
I will get rid of the 'TeleAid Cellphone Option'.
Any comments, feedback will be highly appreciated.
Thanks in advance. Mike
MSRP: 33045
sell @ 32045
money down $2000, however, no sec dep or acq fees....cap cost reduction of $1382 after 1st payment and taxes taken out.
However, they used a MF of .00316 which seems really high to me....and a residual of 62.45% giving me a payment of $494 for 39 months 12K miles. I don't like this deal. Any advice would be great. I think I'm going to check out the BMW's...
MSRP 32865
Incl standard black paint
Sunroof package
Heated Sets
6CD changer
Incl Destination
Total down including all fees, etc is $3500
12K miles a year for 39 months
$370 a month tax included
They state that residual on the car is 62% and money factor is 0.00315. $3500 above includes about $2200 in inception fees and about $1300 in cap cost reduction. They also say their aquisition fee is $995, which seems ver high. Is MB aq fee universal in all states? I see in postings above that is it listed as $795. When I use invoice price of this car ($30619) and the numbers above, $370 a month seems to be exactly on target, but is it? Any thoughts or suggestions?
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As far as the rest of this deal goes, you are only being given a $1,000 discount on a car that has a spread of over $2,000 between its MSRP and invoice price on the base model (this is probably even more with options). You may be able to negotiate a lower selling price than this. I would shop around to see if you can do better. If there is a lack of competition in your area, you may not be able to.
Also, I notice that you are considering making a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your C-Class would be exactly the same, regardless of whether you had put $1,400 down, or had made absolutely no down payment at all.
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Using the numbers that you mentioned in your post, an MSRP of $32,865 and a selling price of $30,619, I estimate that this car's 39 month, 12,000 mile per year, $1,300 down lease payment should be around $376. So other than the minor acquisition fee mark-up, this looks like a pretty good deal to me.
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Lease: 39 Mos, 15k/year
Pay approx. $1900 up-front (1st Month payment $569 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
Monthly Payment: $569
Disposition Fees : $595
What do you think?
Is the maintenance of the car included in the lease price...I forgot to ask
Thanks in advance. Michael
For now, I will estimate what this car's lease payment should be using the prices that you mentioned and Mercedes' actual lease program. According to my calculations, if you were to lease an '06 C280 Sedan with 4Matic with an MSRP of $42,045 and a selling price of $41,045 through Mercedes0Benz Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $549. As you can see, this is a little lower than the payment that you were quoted. Mercedes-Benz made an unscheduled enhancement to its incentives on February 10th. I suspect that your lease was based upon the old program. Make sure the dealer that you're working with uses Mercedes-Benz Credit's current buy rate lease money factor for this model, .00185, to calculate your lease payment.
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I was quoted 2.8 MF, and $1095 bank fee.
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My previous (all non-MB) purchases have been cash, so I don't have experience with manufacturer/dealer financing. Is it customary for dealers to do this sort of thing? Or just with those people that let them get away with it? Or, do I say that I expect the interest rate being offered and promoted by the manufacturer, period? (We haven't talked price yet, but I know this dealership is usually not particularly competitive. It's just the closest to my home, and I don't have the time or energy for a whole lot of shopping around.)
I didn't discuss leasing with the guy, but a lease could be appealing, given decent terms. Does this 1.9% rate on new C-class purchases imply that the money factor would be around 0.000792? That is, do leasing interest rates reflect promotional interest rates on new car purchases?
Thank you all very much.
Can you please tell me if this looks good?
MSRP $35435
Selling price: 32,200 (could be a bit more)
39 month lease
15000 miles/year
FEES:
1st payment 414.17
Acquis- $795
Doc Fee- $150
Plates- $322
Something else- $7.50 (cant read the writing)
Total cash downpayment- $3500 leaving a $1811.33 cap reduction..
PAYMENT: $414.17
I did not recall the residual or the lease rate on this and I'm feeling vulnerable as a result. It sounds like a good deal but I would like some verification please. Thanks a million
Could you please take a look at this and tell me if i have a good deal on this lease.
C230,Black,Manual trans,sunroof package and heated fron seats.
39 month lease,15000 miles/yr. Rate is 0.0028 and mnthly payment 465/month, no down payment(only the first month payment,title and tags 1500$)
Thanks a ton
C230 with Auto trans., sunroof package, Granite Grey
39 month lease, I think 12k miles a year. I gave them $2500 and have $417 payments.
Hope this helps.
here is my question .
i live in maryland am looking to lease a car,i already read all the great advice you have given everyone ,i am just cofused on the down payment part ,i know zero down is what you advice ,does that include taxes and tags. thats all.thanks again in advance
Would appreciate some advice. I live in northern NJ, so I have been to several dealers. Two dealers had a car in stock that i was interested in and got the following numbers:
2006 C280W4
Black/Black
C1: Lighting Package
C3: Sunroof Package
Power Driver's Seat and Steering Collum
CD Changer
Folding Rear Seat
MSRP: $39,415
They want $539/mo for 27 months with 15,000 miles per year and about $1,800 in inception fees, with no cap cost reduction. There is also the typical $595 turn in fee at the end of the lease.
The other dealership offered $571 a month for the almost the same car except it was Pewter which causes the MSRP to go up slighty for the metallic paint. Also similar inception fees and no cap cost reduction. He said he was already selling the car for ony $500 over invoice. When I called back to tell him that I would probably go with the Black one, he said what if we can match it. I said I'd be in touch becuase I like black better anyway.
This would be my first experience leasing a car since I'm in college, and I'm hesitant to do this since my car is in perfect shape now and I have $0 per month expense on that. I would appreciate any insight you might have!
I am looking @ leasing a 2006 C-230 Sport Sedan for my girlfriend and I am trying to get the best deal possible. So there is a MB lease offer now for a 27 month lease for $329 per month with $3,624 down payment. Here is my question: What is the best deal that you have heard of anyone recieving for a lease on this model, with as least $ down as possible?
Money factor is the rate of interest charged for the duration of the lease. The lower the money factor the less interest. Multiply the money factor by 2400 and that is you %intrest charged for the lease. The residual value is how much the car is worth at the end of the lease. Once again, the higher the residual, the less you should have to pay since you are only paying for the difference btween residual cost and new cost plus the intrest rate.
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You never mentioned the specific selling prices of the cars that you are interested in, other then the fact that you are getting them for $500 over invoice. $500 over is a very good deal. It still would be helpful to know these cars' exact selling prices. The selling prices would enable me to use Mercedes-Benz Credit's actual lease program to estimate what their monthly payments should be. Doing this would enable us to see if the dealers that you are working with are trying to add any hidden back-end profit to these deals by marking up their money factors. Let me know and I'll run these cars' payments using their base lease programs for you.
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Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. It is much easier for dealers to take advantage of consumers who don't understand how leasing works.
Your monthly payment for this car will depend upon its selling price. For now, let's assume that you can get it for $500 over invoice. According to my calculations, if you were to lease a 2006 Mercedes-Benz C230 Sedan with an MSRP of $34,030 and a selling price of $32,148 through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $435. This assumes that you pay a security deposit and acquisition fee at lease signing and qualify for Mercedes-Benz Credit's top credit tier.
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I too am looking at this lease. As advertized by MB it is $329 a month for 27 months with 10K a year on MSRP of $32,185 with $2500 down, and $795 aquisition.
Is is realistic to aim for the $329 monthly payment but with $0 down and 12K miles per year?
Thanks.
Could you help us with the base MF and residual for a 2006 C230 Sport. I did a quick back of the envelope calculation for a 27mth/10K per yr lease but wanna see what you come up with. I want to recalculate with no downpayment so i need the true MF and residual. Also, will MBUSA accept extra SD's in lieu of down payment which would further reduce the MF? How much would each SD reduce the MF?
MSRP: $32185
Sell: $30912
Additional costs: $795 acq fee + $329 first payment
Down: $2500
Residual: 71% (???)
MF: .00156 or 3.7% (????)
Taxes: 7.75%
I come up with $329 + $26 tax /mth