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Prices Paid: Buying & Leasing Experiences Mercedes-Benz CLK Class Prices Paid and Buying Experience
103 messages, Last post on Mar 17, 2009 at 10:44 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi, I am new to Edmunds forum and I have a "situation". Last year I traded a 2006 Jeep Liberty for a Certified Pre-Owned 2002 CLK430. The purchase price for the MB was 29K and I lost about 9K on the trade in (too many miles on the Jeep). Due to the mileage I do per year, I could not lease and so I added the extended waranty and all the "extra's". My payment is 844.00/mos for 60 mos (a whopping 50K for a used MB). To make a long story short I added about 50K miles on the MB since then and it has about 75K miles now. I owe 35K and its trade-in is about 19K-21K. I would like to get out of this deal and maybe get into a lease, but I don't know the best way to go about it without losing a TON of money AGAIN! At this point I am not picky on the make or model of another vehicle but I would like to stay in the 25K-35K category of a mid sized car. I am only going to use it to go back and forth to work. Can anyone give me some advice please? Oh, I can still afford the 844.00 payment, but I don't think its worth taking the 2002 MB CLK430 for another 3+ years. By that time it will probably have over 100K miles and then might not be worth a whole lot. Thanks in advance, Peter K
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| I am looking at the payment calculators on the MB website and want to do a 36 month balloon contract. I have an excellent credit score. Any idea what I would be looking at for an interest rate? Thanks! | |
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Thank you to all of your inputs. We Just leased a new 2008 CLK-350 convertible from a SOCAL Mercedes dealer with 15k/mile for $53.8K. Here is the detail: sale price=$53800 Money factor=.00225 residual=66% term= 27-month on 15,000 miles drive-off= $5000 monthly payment= $685 including tax (8.25%) options are: - Premium package 1 - DVD navigation - Heated Front Seats - iPod Integration Kit - Free oil change for the lease term Could we do better deal? Thanks P.S. email me if you want the dealer contact.
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Replying to: manly (Sep 19, 2007 1:10 pm) Car I got had the following: P2 P90 DVD navigation Heated Front Seats Ipod Integration Kit Wood Steering Wheel Keyless Go MB Phone My Car had an MSRP of $65k with a selling price of $57k. Those extra 4k you put down over me is like paying an extra $150 per month over 27 months. So I ended up getting a much more loaded car for a lot less.
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Replying to: rontide (Jul 08, 2005 11:30 am) I do have malfunction lights (check lamps) that come on every once and a while for no reason but, other than that, I love that car and it's a sexy looking car. I call my car the big booty benz. |
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Replying to: ob995 (Nov 27, 2007 8:59 am) I'm interested in purchasing a new lease. Which MB dealership was you purchase and saleman name? |
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Please advise! Is this a really bad deal? 36 month 10K/ year $668/ month money factor sales man said 0.0035 (isn't that reall high) MSRP $49,800 Need help to negotiate a better deal...Thanks |
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Replying to: wazab (Jan 22, 2008 8:56 am) 2008 Mercedes CLK350 Coupe 24 Month – Residual 60% of MSRP – .00005 Base Rate 36 Month – Residual 52% of MSRP – .00075 Base Rate 48 Month – Residual 46% of MSRP – .00075 Base Rate 60 Month – Residual 41% of MSRP – .00355 Base Rate 2008 Mercedes CLK350 Convertible 24 Month – Residual 66% of MSRP – .00080 Base Rate 36 Month – Residual 57% of MSRP – .00120 Base Rate 48 Month – Residual 51% of MSRP – .00120 Base Rate 60 Month – Residual 45% of MSRP – .00355 Base Rate *Rates are based on 10k annual miles. Subtract 2% for 12k miles, subtract 3% for 15k miles. They are definitely marking the rate up on you. Renegotiate! |
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Replying to: wazab (Jan 22, 2008 8:56 am) 2008 Mercedes CLK350 Coupe 24 Month – Residual 60% of MSRP – .00005 Base Rate 36 Month – Residual 52% of MSRP – .00075 Base Rate 48 Month – Residual 46% of MSRP – .00075 Base Rate 60 Month – Residual 41% of MSRP – .00355 Base Rate 2008 Mercedes CLK350 Convertible 24 Month – Residual 66% of MSRP – .00080 Base Rate 36 Month – Residual 57% of MSRP – .00120 Base Rate 48 Month – Residual 51% of MSRP – .00120 Base Rate 60 Month – Residual 45% of MSRP – .00355 Base Rate *Rates are based on 10k annual miles. Subtract 2% for 12k miles, subtract 3% for 15k miles. As you can see, they are trying to charge you the 60 month rate as oppossed to the 36 month rate.
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Replying to: ocautoseeker (Jan 28, 2008 1:52 pm) I told them I'm not quite in the 3 months yet and even if I was, I am not looking to have them add payments into the lease. Dealer assured me this wasn't a gimmick and that MB would allow me out early. Anyone else hear this?
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