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Mercedes-Benz C-Class Lease Questions

1655 messages,  Last post on May 23, 2013 at 4:02 PM

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

Messages Page 1 of 166

#1 of 1655 Mercedes-Benz C-Class: Lease Questions by Car_man HOST

Aug 31, 2005 (4:54 pm)

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes-Benz C-Class. Thanks.
 
Car_man
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#3 of 1655 2006 C Class by smd5

Sep 19, 2005 (6:04 am)

Car Man -
 
Can you please post the 24 and 36 mos 15k/year, money factor and residual values for the 2006 C230 and C280 4Matic.
 
Thanks

#4 of 1655 Re: 2006 C Class by Car_man HOST

Sep 20, 2005 (4:19 am)

Here you go smd5. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sport Sedan through Mercedes-Benz Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00350 and 70%, respectively. The numbers for an otherwise identical 36 month lease should be .00310 and 61%. If you were to lease a 2006 C280 4Matic through MBC right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00240 and 59%. I only mentioned the 3 year numbers for the 280 because there is support on 3 year leases of it right now so this is the way to go if you want one.
 
Car_man
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#5 of 1655 2006 C280 Lease Information by sailorstac

Sep 27, 2005 (9:41 am)

Car_man:
Can you please add the lease information (money factor, residuals) for the 2006 C280 4Matic for a 10k and 12k lease for 36 and 48 months? I leased my last MB on a 48 month lease, which at the time, the dealer said was the best way to go on MB leases.
Thanks!
Sailorstac

#6 of 1655 Re: 2006 C280 Lease Information by Car_man HOST

Sep 28, 2005 (3:16 am)

Here's the information that you are looking for, sailorstac. According to the latest info that I have seen, if you were to lease a 2006 Mercedes-Benz C280 4Matic Sedan through Mercedes-Benz Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor for consumers who qualify for its Tier 1 credit tier and residual value should be .00240 and 61%, respectively. The numbers for an otherwise identical 48 month lease should be .00240 and 51%. MBC's 10,000 miles per year residual values are 1% higher than its 12,000 miles per residuals. 48 months is a good way to go in this situation, but you also may want to consider leasing for 39 months. Mercedes has been running a special program lately that lets consumers use its 36 month lease program for 39 month leases. Doing so gives three additional months to spread out vehicles' initial depreciation hits and results in a lower monthly payment than a 36 month lease would.
 
Car_man
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#7 of 1655 Coming up on mileage limit by eol9

Oct 17, 2005 (3:12 pm)

Car_man:
 
I leased C240 in June of 2002 - 48mnth/60K miles. I am about 9 months from the completion of the lease and currently at 57K miles. What would you recommend I do?? 1) Prepay for additional miles, 2) Flip the car, 3) Buy the car, 4) Other.
 
Also how would I calculate the money factor I received on my lease given that I know the rent charge? I would assume lease rates are more favorable now then they were back in '02.
 
Thanks
EOL9

#8 of 1655 Re: Coming up on mileage limit by Car_man HOST

Oct 20, 2005 (12:18 pm)

Hi EOL9. While most banks do provide a discount in the amount that they charge lessees for excess miles purchased at lease signing over the price that they charge at lease-end, I suspect that you are too late to get any sort of discount on additional mileage for your car.
 
If you know the full MSRP of your car, how much you paid for it, and what its lease-end purchase price (aka residual value) is, you should be able to use the formula that is outlined in the following article to back into your car's approximate lease money factor if you really want to: Calculate Your Own Lease Payment. What's done is done though and there's nothing that you can do about to change your car's money factor at this point so it really doesn't matter.
 
In order to determine whether you should purchase your vehicle at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though it states your car's purchase option price on your lease contract, you should place a call to the bank that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
 
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". One of our most knowledgeable community members, Terry, frequents that discussion and he is often kind enough to give community members who give him an accurate description of their vehicles with his opinion on their value.
 
Once you know what your car is worth on the open market versus what it will cost to buy it, you can make an educated decision about whether to purchase it at lease-end or not. If your car is worth more than or around the same as irs purchase price, you can buy it and trade it in (most dealers will facilitate this sort of transaction) or you can buy it and continue to drive it. A bonus to purchasing your vehicle at the end of your lease is that consumers who buy their leased vehicles do not have to pay any sort of penalty for excess mileage or excess wear and tear.
 
Car_man
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#9 of 1655 C280 4-matic rates by gold233790

Nov 01, 2005 (11:51 am)

Carman-
 
What are the current residual and MF for a c280 4-matic? I was told by a dealer that their "deal" is good through Nov. 30th, but of course it makes sense to figure out on my own what I want to spend before jumping at their deals.
 
Looking at 39 month and either 12 or 15k miles.
 
Thanks.

#10 of 1655 Re: C280 4-matic rates by Car_man HOST

Nov 02, 2005 (4:48 am)

You're in luck, gold233790. I just had an opportunity to take a look at Mercedes- all new November lease program for this car. If you were to lease a 2006 Mercedes-Benz C280 4Matic through Mercedes-Benz Credit in November for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00205 and 59%, respectively assuming that you pay a security deposit, acquisition fee, and qualify for its top credit tier. Its 12,000 miles per year residual value would be 2% higher.
 
Car_man
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