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Smart Shopper Leasing vs. Purchasing
517 messages, Last post on Sep 17, 2009 at 12:47 PM
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so i took delivery of my new mercedes today. I am completely satisfied with my first lease so far I got the E350 in gray w/ black MB Tex interior This looks like the start of a wonderful friendship  my fiancee and i are estatic. the car looks so nice in front of our house.
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Replying to: mbman2 (Jul 03, 2007 7:09 pm) Sounds like a great deal! Would you mind posting the details (residual, MSRP, capcost, money factor) either here or in the Mercedes Leasing thread? I'm very curious what it was... (And as a fellow Michigan resident, I'm kind of curious what the taxes / extra fees turned out to be, too!) Thanks! |
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Hello, I am moving to Houston (TX) and would like to lease a new car. I am a single male, 30, so don't need anything to seat a family. I have an average credit score (mid 600s), have financed a Lexus ES 300 from Toyota Financial Services many years ago and paid it off in full. Although, I am not looking to get a lexus again. I can put up to 10k as a downpayment, and would like to pay $300-400 a month for lease payments, preferably closer to $300. I would like to lease for 2-3 yrs to start with, not more as I am not sure how long I will be in Houston. I am currently out of the country, thus cannot talk to the dealers directly, thus appreciate any help that you can give me. Thanks, Andy |
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Replying to: rajeshvaccha (Jul 19, 2007 1:41 am) BMW is offering 3-series leases a bit over $300 with, I believe, $3k down. I'm not too sure on all the details, but worth looking into.
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Replying to: qbrozen (Jul 19, 2007 5:35 am) Thanks for your reply. I am very unfamiliar with leasing, and don't even know how to determine how much a car would lease for. Are there any good options on Mercedes E class or above or some other luxury brand? I definitely would love to put down much less than 10k, maybe around 5k? to be reasonable.... Any tips on how I can proceed with this search online? Thanks, Andy
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Replying to: rajeshvaccha (Jul 19, 2007 5:39 am) There are several ways to go about it. One way is to click on the new cars tab on the edmunds.com home page. Then you can click the Incentives link. There you will see a list of all new cars being sold and next to it will be either no links, a link for cash incentives, a link for special APR, a link for lease deals, or any combination of the above. The alternative, since Edmunds isn't always up-to-date, is to visit each manufacturers own website and look for a link to their special offers. I know BMW has theirs up, I'm not sure about Benz. One more thing, there is a lease calculator here on Edmunds, too. So surf around this site and you can dig up all kinds of information. |
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Replying to: rajeshvaccha (Jul 19, 2007 1:41 am) I'm in a similar situation. I'm not particular about the car I get, but I just wanted one that was a "good deal" (as in, you get a lot of car for a low payment). BMW and Infiniti seem to be the only brands with exceptional deals this month. Everyone else (even the lower quality GM/Ford/Etc brands) is more expensive. You may want to consider the BMW 3-series or the Infiniti G35. Or if you're looking for an SUV, check out the BMW X3 or Infiniti FX35. Both are going for around $500/month with 0-down for 24 months. It's the best deal I've seen. Also, I've wandered into the Honda Accord Leasing forum, and it doesn't look like that rate is so bad either. Might be worth checking out if you're interested in that car. |
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Replying to: rajeshvaccha (Jul 19, 2007 1:41 am) I don't think I'd lease, if I were in Texas, but that's just me.. The 3-series lease is just okay... If you like SUVs, the X3 has a better deal..
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Replying to: kyfdx (Jul 19, 2007 6:51 am) I don't think I'd lease, if I were in Texas, but that's just me.. I'm not sure why I see that should matter.(?) You lease it in Texas, pay the sales tax on the car, turn it in a lease end. OR you buy the car in Texas, pay the sales tax on the car, and trade it in 3 years anyway. Either way, you lose the tax, right? Unless they give a tax credit on trading one you've financed? In which case, I guess it all depends on the lease support and whether than makes up for it.
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Replying to: qbrozen (Jul 19, 2007 7:09 am) A lot of banks do balloon financing in Texas because of the tax laws... But, the rates are never that great.. Ditto for Illinois
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