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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
Mar 09, 2012 (11:50 pm)
This is really sad that I have to post this, but arrogance is worse than ignorance... Anyway, I have a 2009 E350 and my lease is ending. There is a $2338.09 balance left - (1 remaining payment- and 2 I put to the back of the lease). Unfortunately, MBFS wont honor the 4 payment pull ahead for any of those payments - and since my credit situation has changed, it looks like I am getting hosed on the money factor.
C250 Coupe - MSRP $40825
Selling Price - $39500
Accounting for my neg equity -
Gross Cap Cost - $40595.00
Customer Cash - $2000
Amt Applied Upfront - $1757.54 (I dont know what this means, I am assuming Acq//Doc/etc)
Total Cap Reduction - $242.47
Net Cap Cost - $40,342.53
36 Month x 12000 miles - $0.20 thereafter
Adj Residual - $27,761.00
Rate/Money Factor - 0.00295
Buy Rate - 0.00255
Sec Dep - 0
Adv Payment - $599.15
Total Cap Reduc - 242.47
Upfront Charges - $1158.39
Due on Delivery - $2000
Base Monthly Payment - $550.69 (before tax)
I noticed the buy rate - they're holding some financing from me. I also haven't told them that I am a USAA member ($1500), but there has to be somewhere else that I am missing out on this deal. I understand my credit isn't very good this time around, 617, but this seems excessive for my 3rd Mercedes.
My calculations are telling me that the financing charge is coming to over $200/mo of that payment! Is there anything you suggest? - or am I just getting taken for a spin.. ? I am supposed to visit the dealership tomorrow at 5pm PST. It's the only vehicle in the area that meets my specs... Please let me know what you think. Its a shame to leave my $0 down $600/mo E class for nearly the same payment on a C....
ps- are there any other incentives besides the USAA that I may be missing? and is 36 months the right term?
#1269 of 1998 Re: C250 Lease Question [qualityseek]
Mar 10, 2012 (12:26 am)
Also - is $1095 a normal amount for the acquisition fee? Seems high. And if I am buying it in Arizona but titling and registering it in Michigan, do I still need to pay the $489 doc fee?
Mar 11, 2012 (12:50 pm)
I was looking at leasing a 2012 C350 w/Multimedia and Keyless go. However, I'm thinking buying may be a better deal. Even if I flip the car in 2 to 3 years, I should be able to come out slightly ahead, vs leasing...if these lease figures are accurate.
I had a salesman run some numbers for me. There aren't any C350 Sedans around locally right now (I'm in the Chicago burbs, so there are a lot of dealers, but not many of these cars).
He said the selling price would be MSRP. These are the figures:
- MSRP $46,770
- $1,102 Down (first payment + taxes)
- 39 month lease (I wanted 30 or 33, but he was adamant that the price would be MUCH higher as the sweet spot is 39 months on them right now. I cannot do 39, I get tired of cars way before then.
- 12K miles per year
- Money Factor of .00249
- Residual 61%
- Monthly payment of $739
All of this seems WAY to high. At this point, I could buy the car for $850/month, and would much prefer to do that.
Is this guy nuts? What kind of deals are you folks being quoted on a C350? I thought the lease would be in the $550 - $600 range...not $740!!
Any other offers/incentives out there now? I'm coming from an Audi.
Any help is much appreciated.
#1273 of 1998 Lease it
Mar 11, 2012 (3:20 pm)
We have leased many cars before. One of the car has 7000 miles after 3 years. My wife wanted to keep the car for our son. It is a good car with low mileage but we can not get any decent trade in I'd we wanted to. If you like to change cars like I do then lease the car. Make the best deal and lease it
#1274 of 1998 Re: March Lease Question for Car Man [dbarton7]
Mar 13, 2012 (5:05 pm)
I am doing well, thanks dbarton7. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2012 C300 4Matic Sedan with 10,000 miles per year are .00177 and 61%, respectively for consumers who qualify for its top credit tiers.
Mercedes-Benz is currently providing a $1,000 owner loyalty and conquest cash incentive on this car.
Prices Paid: Buying & Leasing Experiences Forum\
#1275 of 1998 Car Man...Is this a good deal?
Mar 14, 2012 (12:49 pm)
Is this a fair deal?
2012 MB C300 4Matic Sports Sedan
10K mile/year lease for 24 months
Cap cost is $38,875 (including $1,500 USAA discount)
Money factor = .00167 (based on auto pay)
Residual is 73%
$458.27 per month (including two year scheduled maintenance).
Total due at delivery=$1900 (includes 1st month payment, bank fee, registration, doc fee, tire tax and tax on upfront items)
#1276 of 1998 Re: C250 Lease Question [qualityseek]
Mar 14, 2012 (2:40 pm)
Hi qualityseek. While a .00295 money factor isn't great in today's low-rate environment, given the drop in your credit score and the fact that Mercedes-Benz is not currently providing any support on this model it isn't terrible. If you're trying to get an awesome deal, the C-Coupe probably isn't the place to look right now.
If you can't get the dealer to lower your money factor, the only thing that you can do is negotiate as low a selling price as possible.
You asked about any other available incentives. Mercedes is currently providing a $1,000 owner loyalty cash incentive on the 2012 C-Class as well.
Prices Paid: Buying & Leasing Experiences Forum
#1277 of 1998 Re: C250 Lease Question [qualityseek]
Mar 14, 2012 (2:42 pm)
Your suspicion about the acquisition fee was well founded, qualityseek. Mercedes-Benz Financial's current base fee is only $795. The dealer that you are working with is marking up your fee by $300 to try to add profit to your deal. Make sure that they use the base fee if you lease from them.
The doc fee is something that most dealers charge on every deal. It's more fluff than anything. I doubt that you'll be able to get the dealer to waive it, but you an try.
Prices Paid: Buying & Leasing Experiences Forum