Last post on Dec 10, 2013 at 5:17 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#1708 of 2001 Re: C300 12% off MSRP + $2000 OFF [kapkanimd]
Jul 15, 2013 (11:28 am)
Andy and kapkanimd , Thanks again for the prompt replies.
You can buy a $1000 off MB certificate from American Express if you happen to have 100,000 miles. Mercedes Benz of Maplewood is advertising 12% off +$2000 off any in stock 2013 C Class.. I negotiated it down to 12% +$2100 off.
I seem to be receiving conflicting information regarding the MF and Residual. Either for 27 months or 36 months ( with 7500 miles ). Do we know what the real number is?
MN caps the dealer fee to $85. So I will have to pay the tax, title, License and acquisition fee up front. $1,575 Due at Signing (includes all taxes and fees!!)
#1709 of 2001 Annual Lease rate
Jul 16, 2013 (11:48 am)
a dealer in my area is quoting me an Annual Lease Rate of 2.47% how does this compare to a MF of .00027?
#1710 of 2001 Re: Annual Lease rate [jlhouston]
Jul 16, 2013 (12:45 pm)
Take the MF rate and multiply it by 2400 to get the actual interest rate.
Ex: .00105 x 2400 = 2.52%
Likewise 2.47% / 2400 = .00103mf
#1711 of 2001 C250 lease rates July
Jul 16, 2013 (1:00 pm)
The numbers I received from the dealership today were 69% residual and .00124 MF for a 27 month lease with 12k miles for a C250 sport sedan. Not sure if the money factor is marked up or anything, car_man can you confirm these numbers? Thanks.
#1712 of 2001 Re: C300 12% off MSRP + $2000 OFF [thebelly]
Jul 16, 2013 (1:10 pm)
what is the payment they are quoting you based on this deal?
#1713 of 2001 Re: Annual Lease rate [valleyguy408]
Jul 16, 2013 (1:13 pm)
Thank you Valleyguy
#1714 of 2001 Re: C300 12% off MSRP + $2000 OFF [thebelly]
Jul 17, 2013 (9:01 am)
Guys, so I have got couple of dealerships in the area that are willing to do this deal.
MF .00103 (Base MB MF for the month of July)
Residual - 72% (7500 miles/year)
Term - 27 months
Selling price - 12% off MSRP + $2200 +$1000 (MB Coupon)
My question is, I know MB allows us to put upto 10 refundable security deposits ($400 each) lowering the money factor. How much of a difference does it make per security deposit?
#1715 of 2001 Re: C300 12% off MSRP + $2000 OFF [thebelly]
Jul 17, 2013 (11:52 am)
One thought is.. with such a low MF already, why bother? Having a security deposit with the bank puts their lower level staff handling turn-ins with lots of authority; and heartache for you to fight the machine for a return. I had a situation with another brand where the ding-dong processor wanted to charge me for something that was clearly in the lease contract.
Burden of prof sits with who is not holding the cash. Also banks look at the aggravation factor and cost of pursuing something. A dent that is 1/8" larger than a credit card? You pay if they have your deposit and they throw in the towel if you are.
Just something to consider for risk/reward trade-off.
I'd appreciate other peoples experiences.
Jul 18, 2013 (7:51 am)
Trying to find a good deal on a C300. here is what i have been able to negotiate:
MSRP - $47460
Selll - 41968 (5492 discount/11.5%)
$795 acq plus $360 doc fee
gross capitalized cost = 42,523
Payment $475 with only first payment due at inception. (This includes $27.00 /month in taxes)
After reading everything here i just feel like there is a few more hundred dollars to be saved.... or do i take the deal?
#1717 of 2001 Re: C300 Deal [mitchjr2]
Jul 18, 2013 (10:47 am)
There's money on the table.
You may have to play one dealer off another, but you can get 15%-16% off MSRP. The last 1% is very tough, but even if you get to 14%, you have done very well. The dealer allocation for the hot new CLA is dependent on the volume of C-classes they move prior to introduction.
You did not provide the Money Factor. Some dealers raise the MF as the purchase price goes down. Lock the MF at the base rate and then bargain price.
We just bought and leased 3 c-classes in our family in the past 60 days, one just 2 weeks ago. MSRP $43,670 for $37070! I had to travel more than an hour to get it as the 2 nearby dealers wouldn't go the extra $1K at the base MF.
With the current dealer incentives from MBUSA & MBFS for C-classes, getting $6K off still give the dealer more than $1K profit. Dealers will tell you all day how they are losing money. They are on paper, but not in fact. get as close to $7k off as possible with a base wholesale MF from MBFS.
Also don't forget to get all service prepaid for the course of the lease, as MBFS residualizes the service contracts, so you only pay a couple of hundred for almost a grans of service. Only the uninformed would lease an MB without a service contact for the term of the lease.
Please let us know how it turns out.