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Mercedes-Benz CLK-Class, Coupe, Convertible
#147 of 260 From a 2003 Toyota Camry LE to a 2007 CLK 350
Jan 02, 2007 (5:53 pm)
Hi all! I just leased December 26, 2006 to be exact . A 2007 CLK 350, Black on Black with Premium I Package which includes harmon/kardon sound system, 6-disc CD changer, sunroof, autodimming driver & rearview mirror, and garage door opener and I made sure to get the DVD/Navigational system. This car is a dream come true. I have a 27 month lease program and pay $750.00 monthly . I know this sounds like a lot but when you hear the story it's actually a deal. In 2004 I financed a 2003 Toyota Camry LE
with 3,000 miles for $24,000 with a car note of $470.75. (I will never finance again if I can help it.) I had no choice because my credit was great but not great enough to lease without a cosigner. Anyway, I went to numerous dealers (Infinity and Mercedes) between 2005 and 2006 to see if I could trade in my car all they wanted to give me was between $5,000 and $7,000 down, with nearly $7,000 to $10,000 out of pocket !!! No WAY!! No matter which way you look at it I would have been in an upside down lease but, it seems like those previous dealers wanted to put me udside down on my head and empty my pockets LITERALY . Nonetheless, I went back to the Mercedes dealer December 21, 2006 with my same 2003 Toyota Camry LE with 32,000 miles and a loan balance of $14,500, it's been in 1 accident and 1 fender bender Both were to the front. The Kelly Blue Book resale value was $11,100 (being in excellent condition). Mercedes gave me $9,500 for it so in all actuality I had a balance of $5,000. Which they put into my current lease. All in all I came out of pocket $5,000 dollars and a car note of $750 vs. coming out of pocket $7,000 to $10,000 with a car note of $800. This was and still is a wonderful experience. They were very fair with me (keep in mind I am a woman, a minority at that) I have no regrets they were honest with me, and did not try to be sneaky or try to rip me off like some car sales men. They were happy for the business, and I was happy for such a great deal, wonderful experience, their honesy, and I'm driving my dream car. It's about what works for you at the end of the day. ***Also when going to the dealer for a lease DO NOT NEGOTIATE on the sale price of the car, you have to NEGOTIATE ON THE MONTHLY PAYMENTS.*** Alot of people do not know this and the dealer will never tell you this. Bacically, weather the car is $40,000, $50,000, or $60,000 it's a lease, you're not keeping the car so why would you negotiate on the selling price?! No, you negotiate on your monthly payments. Doing research on leases taught me this and when I went to inquire about the car and they tried to tell me the car is this price, but they selling it for a certain price I made sure to tell them that "I'm not here to negotiate with the selling price, I'm here to negotiate on the car note of the car, with a trade in." They were beyond shock, and from then on they did not try to BS me in no way. They were as honest as honest can be. Lastly, you are entitled to see a break down of where all monies will be applied, but you have to request it! Good luck and God Bless. Any questions feel free to email me especially women because for some strange reason some car dealers think we have stupid stamped across our heads thats why we need to stick together. crysewenaol.com
#148 of 260 CLK 350/550 Cabriolet Cap Cost Reductions, Residuals and Money Factors
Feb 25, 2007 (11:34 pm)
Car Man or any others with recent relevant information:
I'm evaluating leases on the CLK 350 & 550 Cabriolet. MSRP for the cars I've spec'd out are 61,635K and $70,035, respectively. At MSRP, the dealer makes 7% and 6% over invoice, I think. I'd appreciate information on the following:
1. What is a fair price reduction (off MSRP) for these vehicles? More generally, how much is a "fair" amount for the dealer to make on the sale of either of these vehicles?
2. For a 10K and 12K mileage lease for each vehicle, for 24 and 36 month lease, what are the current residuals? The dealer I visited is quoting 71% and 61% for a 10K lease.
3. For a 10K and 12K mileage lease for each vehicle, for 24 and 36 month lease, what are the current money factors? The dealer is using a .004 factor for a 10K lease.
I very much appreciate your feedback on these questions.
#149 of 260 Re: CLK 350/550 Cabriolet Cap Cost Reductions, Residuals and Money Factors [mpdreamer]
Feb 27, 2007 (8:57 am)
Car_man: In responding to the message below, you can assume that I'll be going with the CLK 550. Although it has a $1K gas guzzler tax and costs approximately $8500 more, I think that going the lease route minimizes the pain. Thanks for your help.
#152 of 260 Re: leasing a 2007 CLK cab. [clittle]
Mar 28, 2007 (7:20 am)
Thanks but I decided to go with a 2006 fully loaded BMW 330 convertible as it was much less expensive ($0 down and $550/mo.)
#153 of 260 Re: leasing a 2007 CLK cab. [mbrill]
Mar 29, 2007 (2:28 pm)
Might be to late....Just leased a 2007 350 CLK Cab..for $739 a month including tax w/ $1836 out of pocket (includes 1st month) on a 27 month lease w/ 10k miles p/y. List price was about $58k and included premium 1 pkg, heated seats, and wood wheel. Car is Blk on Blk....I think I got a pretty good deal....
#154 of 260 CLK 350 lease
Jun 10, 2007 (12:59 pm)
Dear Carman, I want this in Mars red. There is one available that the dealer can get for me. He has quoted MSRP - 51,000, Customer price - 48,615 , lease end value 28,000/- monthly 572/-. I am not sure how loaded the car is but there is only one available nationwide that fits the color criterion. This price included 3500/- discount that MB is giving for leasing. You think this is a good deal ?? Very little experience with leasing, please help!!
#155 of 260 CLK 500 vs. CLK 350 mileage
Jun 10, 2007 (1:05 pm)
What is the mileage difference, I am not the one for speed, and cannot because the car is for in city drive only. Is the difference significant enough for me to choose one vs other(considering high gas prices and oil crisis, I feel guilty of buying a gas guzzler 500).
#156 of 260 Re: CLK 500 vs. CLK 350 mileage [poonams]
Jun 12, 2007 (12:41 pm)
I have an 06 CLK 350. I usually drive in the suburbs, I get around 20mpg. When I hit the highway I've been up to 27mpg. I'd be more worried about the roads in the city then gas mileage. The CLK rims bruise easy.