Last post on Dec 02, 2013 at 1:32 PM
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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#1507 of 1997 Please advise: Lease on 2013 C250 Coupe
Jan 14, 2013 (11:30 pm)
Hi there.. this is my first time trying to lease and I went to a mercedes dealer in california.
(No other options included)
MSRP: $44830. He is offering residual 71% and 0.00199 Money factor (I thought the MF was little high) The car has 60 miles on it but the dealer says it is brand new and not a demo model.
Negotiated selling price: $37202
Bank fee added by dealer: $1095
On 24 months lease with 15k miles he offered payment $445 with tax.
Can you please advise me if this is a good deal? I was hoping that the payment would be under $400 with the negotiated price.
#1508 of 1997 Re: Please advise: Lease on 2013 C250 Coupe [kimsethi]
Jan 15, 2013 (7:41 am)
I have been shopping for a C250/C300 in the east coast. Based on your MSRP, it seems this is a C250 coupe, correct? The MF for C250 has been indeed 0.0012 (higher than C300's 0.00087). According to my calculations, the invoice of this car is more than $42000, meaning the selling price is close to $5000 below invoice. That would be a very good deal around here. I'm not sure of the implications of "new car but has 60 miles".
However, your monthly payment amount of $445 doesn't add up. It should be well under $400 with that MSRP, selling price, residual factor, and MF, assuming sales tax of 10%
#1509 of 1997 Re: Please advise: Lease on 2013 C250 Coupe [kimsethi]
Jan 15, 2013 (8:37 am)
with the number you posted, your payment should be around $361.23/ month. not including the bank fee.
#1510 of 1997 Re: Please advise: Lease on 2013 C250 Coupe [clint1970]
Jan 15, 2013 (12:05 pm)
Thanks Clint for the reply. Yes that is correct, the invoice was just above $4200 so i did negotiate a good selling price... I too was arguing with the sales guy that he payment should be well under $400 with this selling price .. he is using MF 0.00199 and Residual value 71% for 2 year lease 15 k miles.. payment $ 409 + 9% tax ($445 total) . I think he is using a very high MF to jack up the payments, correct? What do you think I should do?
Also bank fee or acquisition fee mentioned to me before the paperwork was $ 795 and suddenly after negotiating the price it increased to $ 1095!
#1511 of 1997 Re: Please advise: Lease on 2013 C250 Coupe [ariaz]
Jan 15, 2013 (12:14 pm)
Thanks Ariaz for the reply. As per my calculation it should have been around $ 360 with tax + $30 with the bank fee so i think what you are saying is absolutely right. I think he is using a very high MF to jack up the payments, correct? What do you think I should do?
Also bank fee or acquisition fee mentioned to me before the paperwork was $ 795 and suddenly after negotiating the selling price it increased to $ 1095!
#1512 of 1997 Re: Please advise: Lease on 2013 C250 Coupe [ariaz]
Jan 15, 2013 (2:03 pm)
Guys I just wanted to clarify that the $1095 payment is also added to the payments so I am not paying it upfront. OOP I am paying drive off fees $900 including 1st payment, title and registration.
Is the bank fee included when calculating the finance fees using the MF?
Jan 15, 2013 (4:00 pm)
Hi Larry. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 24-month lease of a 2013 C350 Coupe with 10,000 miles per year are .00160 and 74% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00160 and 65%.
Prices Paid: Buying & Leasing Experiences Forum
Jan 15, 2013 (3:59 pm)
Now you tell me . Here's the rest of the information that you're looking for, Larry.
Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 24-month lease of a 2013 C250 Coupe with 10,000 miles per year are .00129 and 74% for consumers who qualify for its top credit tier.
The numbers for an otherwise identical 36-month lease are .00129 and 66%.
Prices Paid: Buying & Leasing Experiences Forum
#1515 of 1997 24 month lease deal
Jan 18, 2013 (2:22 pm)
Here's a deal we just got. 2013 C250 coupe. Almost fully loaded. MSRP $49,600. Purchase price $39,400. 24 month lease. $1,500 drive off. Deal includes 2 year pre-paid maintenance. $386 per month before tax.
#1516 of 1997 2013 C250 Coupe Lease - how'd I do?
Jan 19, 2013 (7:10 pm)
I got a 2013 C250 White exterior with red leather interior. No other options other than the red leather. Includes 2 years maintenance rolled into the deal.
2 year lease
Total out of pocket $2000 (including all fees)
Payment $299/month including tax
I'm in Los Angeles, California
Acquisition fee was listed as $1095 on the contract. I got this car from Santa Monica WI Simonson Mercedes, but even my last car 2008 ML350 Edition 10 was also same $1095 fee at MB of Encino.
My other option that I had negotiated a few weeks prior at another dealer was for a White/Red C250 with AMG wheels, Becker NAV, and Rear Spoiler.
That was also $2k out of pocket with $330/mo including tax, but did not include maintenance. With maintenance, they wanted $340/mo including tax. I walked away because they wouldn't include the maintenance in the $330/mo price.