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2013 and earlier-Mercedes-Benz C-Class Lease Questions
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Comments
sale price - 33750
33 months
10k per year
4matic
money factor 0.00109
thanks again.
If not, then the 14% is wonderful. I'll try to get the same or better. I have just started and am seeing 10%, but I'm sure it will do better as I go to dealer #2 and 3, etc.
Car_man
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Car_man
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The numbers for an otherwise identical 48 month lease are .00109 and 53%.
Car_man
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Car_man
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Car_man
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need to lease asap and would like to deal with this dealership for these prices!
I'm new to this leasing procedure. If I have a credit score of 720, what can I expect on the money factor? It appears that MB top tier credit score is above 750 from what I've been reading.
Also, is there really a savings for signing up for autopay? The dealer said that has been discontinued. Thanks!
Thanks,
2011 C300 auto with wood trim and ipod
MSRP: 37060
33 months
15k/year
800 out of pocket
424.84 per month including tax
Got maintenance till 40k for 12/month so final payment was 436
Also got tax credit so only paid 1.5% instead of 6.25%
Sale price was 32268
How did I do?
For the 2011 C300, do the same buy rate lease money factor and residual values apply for June?
2011 C300 Sport
36mo/10k
Thanks!
Thanks
Great price on the C300. It's possible the dealer made up the difference on the interest rate, in this case about 5%.
C300 Sport Black/Black Tex
Mulit-media package
Rear view monitor
Rear Deck Spoiler
AMG wheels
Heated seats
7-speed automatic
MSRP $41,315
33 month lease, 7500 miles/year
$1500 down payment
$319/month + tax
I leased the car for 48 months at 12,000 miles per year. Residual is 53% and money factor is .00109.
MSRP - $42,375
Residual - $22,459
Depreciation - $15,967
Sales price (inclusive of dealer fees) - $35,305
Title/registration - $183
Maryland taxes* - $2,142
MBZ acquisition fee - $795
Gross cap cost - $38,425
Payments - 48 @ 399 per month
Thanks to Car_man and others for providing such valuable information to help navigate through these transactions.
* Like some other states, MD charges sales tax on the full purchase price of the vehicle
Thanks
Car_man
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Car_man
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1) C Class, 4matic sports, 10K miles/year for 30, 33, and 36 months
2) E-Class, 4matic, 10k/year for 30, 33 and 36 months.
Also, do you know if conquest is still going on for July or if there are any other incentives?
Thanks for all of your help!
The numbers for an otherwise identical lease of an '11 E350 Sedan 4Matic are .00240 and 66%.
The numbers for otherwise identical 36 month leases are .00109 / 56% for the C and .00240 / 57% for the E.
I believe that Mercedes is still providing its dealers with "customer advocacy" certificates in July that can be used to get a decent additional discount on the E's, but I'm not sure about any conquest cash on these cars yet.
Car_man
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I also I heard that Conquest is still good through Tuesday, July 5th.
Still trying to figure ot if I pull the trigger in July or roll the dice and see if August has better deals.
I was quoted a monthly of $309 + tax on a C300 Sport with Automatic.
$3500 total drive off that includes all dealer fees and license and registration.
10K for 33 months.
Does this sound like a good deal?
The residual value for a lease with only 10,000 miles per year is 1% higher.
It would be easier to evaluate this deal if you were able to provide us with this car's MSRP and dealer invoice price. This will show us how large a dealer discount you are being given and if there is any room left to negotiate.
Car_man
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I would have thought that the maintenance package costs would have been spread during the lease term, However it seems that the residual factor is applied and you don't pay the full amount...so what is the catch?
For example, if you take a $769, 3 year maintenance, the payment on a 64% residual car on 33 months only cmes out to $8.38 + tax. So you end up paying about 277, but fully use up the maint service.
So what is the catch? Do you have to pay the remaining portion at the end of the lease?
I have quotes from a dealer, but have not discussed this yet. Any insight would be greatly appreciated.
My thoughts are the same as yours...but it seems that the dealers are providing it incorrectly and I'm concerned that they will ask for the remaining portion at the end of the lease. Guess I'll know when I receive the final paperwork tomorrow.
I have so many versions of the paperwork that it was hard to spot a change in the residual.
Here are the numbers without and with the maint.
Without Maint:
C300, 4-matic, MRSP of 45195.
Sale price of 39000 (a bit over 11% off and taking 2000 off for conquest)
33 month, 10K/year, MF. 00109
64% residual = $29, 564
$1,000 trade-in
payment 452.01 which includes $69.45/month of tax
(pay 6% on full purchase price, so $2338)
With 3 year maint package $769:
all of the same as above except
Sale Price 39000 with 769 aftermarket
"64% residual", but now 30,057 -> thus $493 higher
payment $463.21 which includes $70.85/month of tax (total tax = 2338.08)
so with maint, the payment is $11.20/month extra x 33 = $370 + 493 "higher" residual, the intent was to charge $863 for a $815 product ($769 package + 6% tax).
Shouldn't the residual have been lowered by $493 or so rather than increased? If the residul is lower, then the payment is higher.
Thoughts????
I think the dealer is making a mistake, and it will probably be kicked back, once it hits the bank... If not, then taking the maintenance is a no-brainer and super cheap.
The only exception I've seen to this, is with Audi Care.. If you took that maintenance package, Audi was raising the residual of the vehicle by 1%. But, they still weren't adjusting MSRP... That seems wrong.. MSRP is MSRP.
regards,
kyfdx
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This is good news as it means maint should only cost about $10/month during th term of the lease...big savings!!!!
The maintenance package is resudualized as it is added to the cap cost. I just got my C300 and am paying about $12/month for a $700 package for 33 months covered till 40k miles.
I am wondering how you are calculating the right lease amount after getting msrp, sales price and rates for the related month. Do you use a specific calculator ? Because the ones that I try on web give me way higher outputs such as the one in mbusa web site than comments here. I am planning to get the 2012 automatic c class with couple extras lets say
negotiated sales price is 36000 and
msrp was 40000.
top tier credit score,
todays interest rates and
36 months 12000 miles a year
1000 down
Can you give me a reasonable range for 36 moths lease?
Thanks in advance.
I guess inventory is getting low on 2011 C300's so I need to move on this pretty fast. Can you tell me if this is a good deal and if anything is negotiable? According to the salesperson, its an amazing deal and not negotiable anymore. Its seems to good to be true and Im afraid what might change once I get the the contract stage that things may be changed. Please give me any advice you can.
Car: New 2011 MERCEDES BENZ C CLASS C300W1 Sport (black/black)
Term: 33 months
Allowed Miles per Year: 12,000
Total Mileage Allowed: 33,000
Total Inception Fees: $1500 (includes 1st payment, fees/insurance)
monthly payment: $379 (includes taxes)
Options included in this deal:
Extras: Ipod Kit: $380
Wood Trim: $325
Automatic Transmission: $1,490
Vehicle Price (MSRP): $37,060.00
Preferred Customer Discount: -$4,734
Total Selling Price: $32,326
Total Capital Cost: 33,113
Sales Tax (estimate): +$1,981.87
Tag/Registration Fees (estimate): +$300
Tire/Battery/MVWEA: +$8.50
Tag Agency Fee: +$98.75
Documentation Fee: +$599.95
Balance Due (estimate): $35,315.07
Retention Rate (money factor): 0.00109
Total Residual: 23,347
Purchase Option: $23,497
Cap Reduction: 7.52
Excess Mileage Chrg: 0.25
Max Reserve Rate: .00150
Using Mercedes-Benz Financial's current lease program, an MSRP of $40,000, and a selling price of $36,000, I estimate that this car would have a 36 month, 12,000 mile per year, zero down, pre-tax monthly payment of around $453.
The $1,000 capitalize cost reduction that you mentioned would lower this car's payment to around $424.
Car_man
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