Last post on Dec 07, 2013 at 6:57 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#1162 of 1998 Re: 2012 Mercedes C 300 4 dr luxury - lease [soupaman]
Nov 22, 2011 (9:25 pm)
Thanks for the info.
I was told that the 36 month lease would be more expensive than the 24 month which is why I was leaning in that direction. Don't think I am doing maintenance with the 24 month. Chances are that I will only have one inspection before they'll be calling me to move into a new car and I only put about 8,000 miles a year on my car.
When I tried to balance up my numbers I finally did get to where the dealer was, but for a lease of 12,000 miles a year. Should it be lower with 10,000 miles which is what I asked for?
Also, does the $795 lease acquisition fee that you negotiated for include gap insurance as well?
Thanks, any input would be appreciated.
#1163 of 1998 Got mine C250 Sport Sedan
Nov 22, 2011 (9:43 pm)
Thanks all the input here. Here is my deal.
MSRP $43,890 (Palladium Silver, Blk MB-tex, P1, Comand, Lighting, 18"AMG, Keyless-Go, Rearview Camera, spolier and 2yrs Srvc Plan (Dealer cost $252)
I don't know the sales price since I need to go back to finish signing the doc. but I already have my $1k drive off (incl 1st month, registration and fees) taken thru my credit card.
24Mo. / 12k mi per yr
$1k drive off
$400/mo. including CA tax (8.25%).
Here is incentive I had applied:
1. $2k Cash Bonus being MBFS on our other R-class lease.
2. $1500 incentive being BofA employee.
Seems to be good deal. Let me know if any one like to have the dealer info.
#1164 of 1998 Re: Got mine C250 Sport Sedan [dl_amg]
Nov 22, 2011 (11:00 pm)
This is the deal I have been looking for. Could you share the dealer info?
#1165 of 1998 Re: Got mine C250 Sport Sedan [jorgemart]
Nov 22, 2011 (11:04 pm)
MB of Encino in San Fernando Valley.
#1166 of 1998 Re: Got mine C250 Sport Sedan [dl_amg]
Nov 22, 2011 (11:14 pm)
Thanks a lot. Will see If I can get a similar deal. Congrats for your new MB
#1167 of 1998 Re: Got mine C250 Sport Sedan [jorgemart]
Nov 22, 2011 (11:29 pm)
All deal very. This car is replacing my Totaled C32 AMG...also purchased from the same dealer 9+ yrs ago and since our R-class is also from them as well, they really work the deal to sale me the car. I was asking $0 drive off and $350/mo incl tax when I start on $41k car. At least they didn't boo me out the floor.
#1168 of 1998 Need some help on my deal
Nov 23, 2011 (5:41 am)
Sorry to bug you but I went to the dealer last night right before they closed and I didn't get much done but that might be good since I have more time to research this lease. I wanted to put the specifics I have all in one post to see what my best case scenario would be. I have tier 1 credit and about 1-2K cash out of pocket is about all the misses will allow.
MSRP of 2012 C250 (w/ S32, 333, 536, 731 options): $37,390
USAA price of $250 over invoice: $35,000
Price after USAA discount: $33,000 (I also qualify for 2K Conquest but was told I can't stack deals)
Payoff on my 2010 Dodge Ram: $32,700
Trade allowance on RAM: $20,000 (consistent w/ the other dealers I've checked)
They said that they ran the rough numbers and I will be at roughly $640/mo with the full 2K down on a 48 month lease and the only lease number they told me so far was a 63% residual. My goal was to do a 36 or less month lease at or below my current RAM payment of $620/mo so I can walk away from my negative in 3 years or less when my military enlistment is done. I realize I've dug a pretty deep hole on the RAM but I'm wondering if I can find a better way to do this than a 48 month lease and $20 payment bump with 2K out of pocket.
#1169 of 1998 Re: MB lease to get out of negative [shackalackal]
Nov 23, 2011 (7:08 am)
I am not 100% sure what you are trying to do but here is what I think I get so far. Can you please confirm?
Sale Price: $33,000 + $12,700 = $45,700???
Money Factor: ?
Lease Term: 48 offered, 36 months desired?
Down Payment: $0 or $2,000?
Upfront fees: ~$1700 what you will pay at inception?
Residual: 63% for 48 months?
#1170 of 1998 Re: MB lease to get out of negative [soupaman]
Nov 23, 2011 (8:25 am)
I appreciate the help, Soupaman! As for your recap, you are correct. As for your questions, I have $2k to use towards the deal total, wether that be towards fees or in the deal towards my negative equity. I'm used to buying cars where cash down is cash down no matter where they put it in the contract but I am in over my head on leasing so how best to apply the $2k is part of my question. I would like to be at 36 months or less but they tell me at MB that will put my payment well into the $700 range. I still haven't got a money factor answer from them yet but i will hopefully hear back soon. They submitted a deal to MB financing and I know the total they were looking for approval on was $43,700 but they haven't showed me the details. They said if it comes back approved we can dial in the details. This is all new for me as I have limited leasing experience and zero MB buying experience but the sales guy said this is how they do it. I am used to a lot more dealing on the front side before an app is submitted.
Thanks, again....I really am appreciative of your time, Soupaman
#1171 of 1998 Re: MB lease to get out of negative [shackalackal]
Nov 23, 2011 (8:32 am)
Got an update from MB and they said that the app came back and MB financing won't let me roll more than $4k negative. I think they are capped around 110% LTV but I admittedly don't know if LTV even applies to a lease. Needless to say, $6k down isn't an option so I guess no new Benz for me. I actually have a pre-approval for $40k at 3.24% for 72 months with up to 125% LTV that I'm sure I could bump to $43K but i have to run the amortization numbers to see if it would gain me anything. I would assume the Benz would hold it's value pretty well so it might make sense. Anyway, thanks for the effort on my behalf!