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Mercedes Benz C-Class Prices Paid and Buying Experience

995 messages,  Last post on Nov 04, 2009 at 4:11 PM

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What is this discussion about? Mercedes-Benz C-Class, Hatchback, Sedan, Wagon


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#793 of 995
Re: Leased c300 4matic Sport in Virginia [MBPro] by aristotlenova
Dec 29, 2008 (10:11 am)
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Replying to: MBPro (Dec 29, 2008 9:54 am)

Speaking of which, I keep getting some mismatching info from dealers on the MF for December. For the 27 mo. lease on the C300 Sport, one dealer quoted me .00064, but others are telling me that .00166 is the base and there is no way that .00064 is possible. Can someone shed some light on this. A few people in this forum have said they got .00064 in December as well, so if you could verify for me, that would be great.
 
Here's the offer I think I have (pending verification of MF):
 
MF: .00064
Residual: 67% (for 27mo/12k mi)
MSRP: 37300
Quoted Price: About 5k below MSRP
 
So two big questions are: 1) is it possible to get 6k below MSRP on the C300 Sport/Lux (not the 4matic or C350 here) and 2) is the .00064 MF for real or is that dealer blowing some smoke??
#795 of 995
Re: Leased c300 4matic Sport in Virginia [smrtdude] by MBPro
Dec 29, 2008 (11:07 am)
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Replying to: smrtdude (Dec 29, 2008 8:22 am)

How much was your "acquisition fee?"
#796 of 995
Re: Leased c300 4matic Sport in Virginia [MBPro] by smrtdude
Dec 29, 2008 (11:37 am)
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Replying to: MBPro (Dec 29, 2008 11:07 am)

$1095
#797 of 995
Re: Leased c300 4matic Sport in Virginia [smrtdude] by gotgt3
Dec 29, 2008 (6:40 pm)
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Replying to: smrtdude (Dec 29, 2008 8:22 am)

I reran my own numbers - Im not looking for the 4matic. So needless to say the deal you got is amazing lol. 40K+ car for 34K? Not bad at all.
Im using your ratios (current invoice of a car with the specs you have to price you got) and it seems like 34K now for a non-4matic with no ipod integration, metallic paint or wood trim is not such a great deal after all. I'd say something fair is 31.33 for your specs less the 4wd. I dont have a single dealer talking about going under 34K. Suggestions?
 
What is MF anyways and how does that affect a buyer? I mean if you're leasing and have no intent to purchase...?
#798 of 995
Re: Leased c300 4matic Sport in Virginia [gotgt3] by smrtdude
Dec 30, 2008 (7:17 am)
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Replying to: gotgt3 (Dec 29, 2008 6:40 pm)

I read these two pages to understand the variables (including MF) in a lease.
 
http://www.leaseguide.com/lease07.htm
http://www.leaseguide.com/lease08.htm
 
Though the price of $34,400 is good for a 4matic+P1+iPod+Metallic Paint, I could have spent some time negotiating the MF. You can probably do better in that area. Your bottom line is the total cost (down + sum of all monthly payments). Mine came out to be $15,500 for 27 month, 15k/year. Even if your sale price is higher (say 34k), your total payments could be lower with a lesser MF. I would say watch for your bottom line.
 
I provided EuroMotors and HBL contacts in my previous post. Try calling them with stock numbers of the car (from their websites) you are interested in.
 
I was advised by many to wait till the last 2-3 days of the year, which is the end of month,quarter and year. So today and tomorrow are supposed to be the best days to snag a great deal!
#799 of 995
Re: Leased c300 4matic Sport in Virginia [gotgt3] by aristotlenova
Dec 30, 2008 (8:56 am)
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Replying to: gotgt3 (Dec 29, 2008 6:40 pm)

I'm looking for basically the same car as you in NoVa. I've been to ASC, HBL and will be going to Euro today. MF is nothing more than a confusing way for dealers to do the APR for their lease or financing. All you need to do to understand the MF is multiply the MF by 2400 and you can see the transparent APR.
 
For the C300W, the current MF is .00166 for 27 mo lease and .002 on the 36 mo lease. Obviously, the lower the MF, the lower your total cost.
#800 of 995
Re: Leased c300 4matic Sport in Virginia [smrtdude] by gotgt3
Dec 30, 2008 (4:05 pm)
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Replying to: smrtdude (Dec 30, 2008 7:17 am)

Thanks! Helps a lot.
 
So what's wierd is noone is being transparent about invoice for the 300spt 2wd with p1 and paint - when all the info is available here. I calculate it at 34625 and dealer says 34989 for the same thing less paint. For the same thing but with p2 not p1, I have invoice at 35880 - am I on crck?
 
I have the below, what do you think? I'm not satisfied with these at the moment...any thoughts would be appreciated...
 
C300 sport (not 4matic) with p1 = 34989, 10K miles, mf .002 residual 57% total oup 1764.20
 
versus:
 
C300 sport (not 4matic) with p2 = 36689 same as above for the rest except 1796.90 oup.
#801 of 995
Re: Leased c300 4matic Sport in Virginia [gotgt3] by smrtdude
Dec 31, 2008 (7:23 am)
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Replying to: gotgt3 (Dec 30, 2008 4:05 pm)

Your final car sale price is certainly higher than mine, don't know what to say about negotiating it further down.
 
Looking at your residual 57%, are you leasing for 39 months? It has to be more than 65% for a 27 month lease. I was offered 67% for 12k/year lease and 65% for 15k. But than your MF is lower.
#802 of 995
Just purchased my new C300 Sport in NoVa by aristotlenova
Dec 31, 2008 (1:03 pm)
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First, this forum has been very helpful in finding the cost baseline for what's out there right now. I finally pulled the trigger yesterday after spending two weeks shopping. Hopefully this will be a helpful recap of my experience and deal:
 
Location: Northern Virgina/Metro DC
 
Dealers Contacted: HBL, American Service Center, Euromotors, Herb Gordon, and Mercedes of Alexandria
 
Purchased From: Mercedes of Alexandria (Dwayne Butler [salesman], Lowell Duckett [sales manager])
 
Comments on Dealerships: I had generally positive experiences with every dealership except American Service Center. This was very surprising since I purchased my last vehicle from ASC, and serviced my car at ASC for the entire 7.5 years that I have owned it. I found ASC sales people to be really into the game playing and the cajoling you with the "I need to make a profit" and the "there's no way that other dealer could be offering you that deal, it's simply not possible" and the "your car isn't worth nearly that, we're giving you way more than book value". I wound up dealing with the Sales Manager at ASC, and even in dealing with her, it was worse than going to the dentist. I had THREE offers from other dealers for the same basic specs at about $5k below MSRP and she told me repeatedly that there's no way I could be getting that type of deal. Very disappointing, especially since I've been an ASC customer for so long.
 
On the plus side, Mercedes of Alexandria was simply AWESOME. It was the best car buying experience of my life, and I highly recommend you deal with Sharon Stepp (internet manager), Dwayne Butler (saleman) and Lowell Duckett (sales manager). I went to the dealership after a quick convo with Sharon, and literally walked out with my new car in two hours. No games, no BS back and forth. I knew what I wanted and they respected my knowledge and research. And Dwayne was one of the nicest people I've ever met in the car business. Lowell Duckett is likely who will be the final say on the deal, and Lowell was one of the funniest and nicest sales mangers you will ever find. I would HIGHLY recommend you deal with them if you want a really great purchase experience.
 
Ok, on to the deal now.
 
My purchase: 2009 C300 Sport, Black, P1 package, Wood Trim, iPod integration
MSRP: $38,070
Sale Price: $33,100
Lease Terms: 27 mo/12k miles
MF: .00166 (3.984% APR)
Residual: 67% (can be greater with 10k or 7.5k mile options)
Payment: $471.55 (w/ zero down)

 
So right at $5k below MSRP. I was pretty happy with that deal. I could have probably gotten another $500 off, if I really wanted to work for it for another day or two. But honestly, the fact that I was able to do the deal in two hours with zero hassles made it worth maybe not getting the rock-bottom deal. And at the end of the day, I'm sure the relationship with the sales manager and the salesperson will come in handy whenever I take it in for service. Also, small bonus is that MB of Alexandria offers free car wash anytime you want. ASC didn't offer that to me when I bought my last car (despite same ownership group).
 
Let me know if anyone has any questions.

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