- #431 of 3549
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Mercedes Blues
by golddishes
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Jun 25, 2006 (11:51 am)
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Replying to: rajee (Jun 18, 2006 1:05 am)
I am currenly leasing a 2004 Mercedes SLK 320. I will be out of warranty soon but my lease does not end until June 2007. (39 mos lease) I am looking to lease the 2006 Infiniti G35 4 door sedan with extras $37,000 (sticker). Ofcoure I have not seen the invoice yet or got to the wheeling and dealing part because I haven't made up my mind if I want to gamble with the out of warranty issue on my current car. It's probably not a good idea to end my lease early but I am really not comfortable driving a car out of warranty and especially not one as pricy as Mercedes to fix. I want to roll over my one yr remaining payments into my new lease payments. I currently pay $770 + 100 extra a month for add'l mileage. I was told from Infiniti that my payments would be the same or lower with the new lease for 2 yrs 20,000 and rolling my old lease payments into them. Mercedes wants to sell me a 2 yr extended warranty for $3600. I only need a 1 year warranty but, they won't do it due to my mileage of 49,000 miles. I am between a rock and a hard place right now and not sure what to do. Quite honestly I have had it with Mercedes of Kansas City and their service. I originally got the car in Pompano Beach, Fl where the Mercedes Benz dealer rocks. My question is: Should I chance waiting until my lease ends in 2007 w/out a warranty and get a new car then? or roll over my current car lease payments into my new lease payments for 2 yrs until I can get into a more comfortable spot and buy a car instead of leasing one with a larger down payment etc. I can handle the monthly lease payments just not a large down payment right now. #2 what is normal amount of money I should have to come up with for a lease? Please specify IE: tax, title etc. Thanks!
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- #432 of 3549
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Re: Mercedes Blues [golddishes]
by qbrozen
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Jun 26, 2006 (8:15 am)
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Replying to: golddishes (Jun 25, 2006 11:51 am)
since it sounds like you drive over 20k miles per year, I don't think going into a new lease that only offers 10k per year is a good idea. That's number 1.
Second, a G35 lease without your negative equity should be under $500. So you will be paying nearly $300 more per month than you should. Over 2 years, that's $7k! I'd either get the warranty for half that, if you really feel that uncomfortable, or I'd (and this really is what I would do) ride it out and take my chances. Aside from a catastrophic failure of some sort (which I don't believe these cars are subject to), there's not a great chance you'd need to put $7k of repairs into the car in the next year.
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- #433 of 3549
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Re: Mercedes Blues [qbrozen]
by golddishes
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Jun 26, 2006 (9:38 am)
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Replying to: qbrozen (Jun 26, 2006 8:15 am)
Thanks for you reply Car man. The mileage I quoted you 20,000 was per year not for 2 yrs total. Also the reason I was a little concerned about being out of warranty was because my car just came back from the dealer (was in for 3 weeks) and $3000 was put into. There were problems with the car all along Transmission, electrical etc which I told the dealer about which they ignored. I had to bring in the car unannounced when the engine light came on and demand they fix it before it went out of warranty. This was a brand new Mercedes car just 2 years ago and this shouldn't be happening. That is why I was looking to get out of that lease and into an Infiniti G35. You mentioned in one of your topics to never put any money down on a lease. Does this include any money for taxes, title etc as well meaning $0 money out of pocket just roll it into the lease payments? I used the payment calculator on this web site and it says the payments would be $688 w/out rolling over any lease payments from my current car. You say the payments should be under $500 w/out rolling current lease payments into it. What am I missing? Thanks in advance!
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- #434 of 3549
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Re: Mercedes Blues [golddishes]
by qbrozen
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Jun 26, 2006 (9:52 am)
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Replying to: golddishes (Jun 26, 2006 9:38 am)
well, first off, I'm not carman.
AH, ok, so you have alot more info here than first divulged. Since your car is having problems, I can now understand your point of view.
20k miles per year changes alot. How did you come up with $688, though? I honestly don't know the residual on a 20k per year lease, so I can't come up with a more solid number. I thought you were referring to a 10k/year lease and comparing that to the deals others have posted here, it seemed like you should have a low lease payment. 20k per year, however, could change things drastically for all I know.
the general consensus is to put little to nothing down on a lease because you lose all of that money if something happens to the car (stolen or totalled). Personally, I don't completely understand that mentality since the same would be true of financing a car... but its a fine line. with financing, you might get some of a big deposit back, but you'd still be out at least a couple grand. You definitely get nothing back on a lease, regardless of the deposit. So I KIND of understand the position ... to a degree. But, as I've explained, I think putting down a grand or 2 is perfectly reasonable, since you'd lose that much on a finance that was totalled, as well.
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- #435 of 3549
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g35 coupe lease
by rajee
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Jun 26, 2006 (12:41 pm)
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Black on Black G35 coupe with Premium, Trunk Mat, Splash Guards...
MSRP 37,140.00
Invoice 34,067.00
Cap cost used for lease 33,567.00
3500.00 total out of pocket
343.63 X 23mo at 12000mi/yr
First oil change included - Guy says he'll have my car taken care of whenever I get anythin serviced on it in terms of washing/waxing it ... so that's cool... Free loaners, etc (Ray Catena)
Actually going to probably go to 2500 OOP and go with a 389 per month payment.
What do you guys think? It's 500 under invoice legitimately...
I decided against the nav at this time. The DEALER (who would want to sell it I'm thinkin...) said it was a 'no brainer' to go without the nav because that was costing about 30 bucks/month extra and so I'm spending around 700 on a Nav that I give back after 2 years hahaha Besides, he didn't have a Black car in stock with Nav and didn't have one coming either ... So I get the car I love the looks of, and can get a Nav for same or less money and actually OWN it and move it to the next car if need be....
Any other bargaining to do? 
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- #436 of 3549
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Re: g35 coupe lease [rajee]
by qbrozen
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Jun 26, 2006 (12:59 pm)
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Replying to: rajee (Jun 26, 2006 12:41 pm)
i came to the same decision on the accord i leased. I think that came out to like $40/mo. Just not worth it.
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- #437 of 3549
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Re: Mercedes Blues [qbrozen]
by golddishes
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Jun 26, 2006 (1:45 pm)
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Replying to: qbrozen (Jun 26, 2006 9:52 am)
If I trade in my current lease and lease another car, how does that work? Do I roll in the remaining 12 payments $9240 left into the new lease or does the dealer have to pay the car off approx $35k and add that to the lease payments? Surely they are not adding $35k on top of my new lease payments are they? Thanks!
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- #438 of 3549
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Re: Mercedes Blues [golddishes]
by qbrozen
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Jun 26, 2006 (1:48 pm)
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Replying to: golddishes (Jun 26, 2006 1:45 pm)
It depends on what works best. What is the car worth as a trade in? If you owe $35k, but the trade-in value is $30k, then you need to roll $5k negative. If you owe $35k, but the trade-in value is $20k, then, yes, it would probably be more beneficial to have to pay the remaining payments and end the lease early (if MB allows this). This sometimes also involves an early termination fee of some sort.
What is the residual on the car? Does that $35k take into account the extra you've been applying to your payments? It just seems like an awful lot for a car with only 1 year left on it that is currently worth maybe the low $20k range.
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- #439 of 3549
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Re: Mercedes Blues [qbrozen]
by golddishes
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Jun 26, 2006 (5:35 pm)
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Replying to: qbrozen (Jun 26, 2006 1:48 pm)
Well that is what I was thinking but I called it was $34,123 (which includes early termination of 4% of balance)+ $2429.01 for taxes on the remaining 12 payments and on the residual amt. I originally settled on $44,933 for the total lease amt. The residual value is $25,800. depreciation $19,121 and rent charges $8139 for a total of $27,260. I was told that my add'l payments for mileage are not credited to me if I end the lease early.I can go up to 63,750 in mileage til the end of the least due to my add'l payments for mileage. Infiniti reassures me that they have a very aggressive lease program and I will be able to roll my current payments into the new ones and still keep it under $800 so we will see. After getting an education online how to lease/buy cars, I feel like I made some mistakes leasing my current car. I feel like I just want to rid myself of all this grief and move on to another car. After all this info what do you think? Thanks!
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- #440 of 3549
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Re: Mercedes Blues [golddishes]
by qbrozen
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Jun 27, 2006 (6:32 am)
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Replying to: golddishes (Jun 26, 2006 5:35 pm)
wait a sec, what if you bought the car outright? Do you still pay the 4% penalty AND lose the money you paid for excess mileage? I don't see how they can just steal that extra money from you.
I'd still have a HELLUVA hard time paying $800/mo on an Infinity, personally. But you gotta do what you feel is best for you.
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