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Mercedes-Benz C-Class Lease Questions

348 messages,  Last post on Aug 21, 2008 at 11:00 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#20 of 348
Does this look good for C280 4matic ? by assamese
Jan 21, 2006 (11:12 am)
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Ray Catena, Edison,NJ
Price Quoted:
     C280W4 34750
775 Iridium Silver 680
275 Pwr drv seat, Strng column w. memory 600
324 324 SunRoof pkg 1790
    232 Grg dr. opnr
    249 AutoDim, Dr & Rrvw mirror
    345 Rain Sensor
    414 Glass snroof
    540 Prw rear-wndw Sunshade
359 TeleAid Dgtl/PreWired cellPhone 820
530 NAV 2210
819 6-disc CD 420
    SUBTOTAL 41270
    DESTINATION & DELIVERY 775
    TOTAL 42045
 
Lease: 39 Mos, 15k/year
Pay $1900 up-front (1st Month payment $589 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
Monthly Payment: $589
Disposition Fees : $595
 
I will get rid of the 'TeleAid Cellphone Option'.
Any comments, feedback will be highly appreciated.
Thanks in advance. Mike
#21 of 348
C230 Sports sedan lease deal and questions by madmanager1
Jan 24, 2006 (10:16 am)
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Please give me the residual and MF for a 2006 C230 sports sedan (WZ) 6 sp manual....lease is for 12K/year 39 months. I think I'm getting ripped off...dealer quoted this deal...
 
MSRP: 33045
sell 32045
money down $2000, however, no sec dep or acq fees....cap cost reduction of $1382 after 1st payment and taxes taken out.
However, they used a MF of .00316 which seems really high to me....and a residual of 62.45% giving me a payment of $494 for 39 months 12K miles. I don't like this deal. Any advice would be great. I think I'm going to check out the BMW's...
#22 of 348
C230 Manual by alexwalex1
Jan 24, 2006 (11:22 am)
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After much negotiation, I have the following offer to lease 2006 C230 with manual transmission here in CT:
MSRP 32865
Incl standard black paint
Sunroof package
Heated Sets
6CD changer
Incl Destination
 
Total down including all fees, etc is $3500
12K miles a year for 39 months
$370 a month tax included
 
They state that residual on the car is 62% and money factor is 0.00315. $3500 above includes about $2200 in inception fees and about $1300 in cap cost reduction. They also say their aquisition fee is $995, which seems ver high. Is MB aq fee universal in all states? I see in postings above that is it listed as $795. When I use invoice price of this car ($30619) and the numbers above, $370 a month seems to be exactly on target, but is it? Any thoughts or suggestions?
#23 of 348
One pay lease by milldoc
Jan 27, 2006 (12:37 pm)
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I am considering a one pay lease on a 2006 4matic c280. What should I expect to pay? I know options come into consideration - but - you know, ball park. Thanks in advance. Doc
#24 of 348
Re: 2006 C230 Lease [tiks102] by Car_man HOST
Jan 31, 2006 (5:43 am)
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Replying to: tiks102 (Jan 18, 2006 12:20 am)

Hello tiks102. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sedan through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00295 and 60%, respectively. If you can lease this car using the aforementioned program and with a selling price that is below dealer invoice you definitely are getting a good deal.
 
Car_man
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#25 of 348
Re: Does this look good for C280 4matic ? [assamese] by Car_man HOST
Jan 31, 2006 (5:44 am)
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Replying to: assamese (Jan 21, 2006 11:12 am)

Hi Mike. I assume that the $42,045 price that you mentioned is this car's MSRP. If so, you never mentioned what the selling price of this car is. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what the selling price is.
 
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#26 of 348
Re: C230 Sports sedan lease deal and questions [madmanager1] by Car_man HOST
Jan 31, 2006 (5:50 am)
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Replying to: madmanager1 (Jan 24, 2006 10:16 am)

Greetings madmanager1. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C230 Sports Sedan through Mercedes-Benz Credit right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00295 and 62%, respectively. As you thought, the money factor that you were quoted is a little high - assuming that you qualify for Mercedes-Benz Credit's top credit tier.
 
As far as the rest of this deal goes, you are only being given a $1,000 discount on a car that has a spread of over $2,000 between its MSRP and invoice price on the base model (this is probably even more with options). You may be able to negotiate a lower selling price than this. I would shop around to see if you can do better. If there is a lack of competition in your area, you may not be able to.
 
Also, I notice that you are considering making a down payment on your lease. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your C-Class would be exactly the same, regardless of whether you had put $1,400 down, or had made absolutely no down payment at all.
 
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#27 of 348
Re: C230 Manual [alexwalex1] by Car_man HOST
Jan 31, 2006 (5:54 am)
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Replying to: alexwalex1 (Jan 24, 2006 11:22 am)

Hi alexwalex1. I believe that Mercedes-Benz Credit's base lease acquisition fee is $795 in all states. As a result, it appears as though the dealer that you are working with is marking up this fee by $200 to add a little extra back-end profit to your deal.
 
Using the numbers that you mentioned in your post, an MSRP of $32,865 and a selling price of $30,619, I estimate that this car's 39 month, 12,000 mile per year, $1,300 down lease payment should be around $376. So other than the minor acquisition fee mark-up, this looks like a pretty good deal to me.
 
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#28 of 348
Re: One pay lease [milldoc] by Car_man HOST
Jan 31, 2006 (5:57 am)
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Replying to: milldoc (Jan 27, 2006 12:37 pm)

Hello milldoc. I'd be happy to give you an idea of how much you should expect to pay to lease, or one-pay lease in this instance, the car that you are interested in. However, in order for me to do so I need some additional information from you first, including how long you want to lease it for, how many miles per year you need to be able to drive it, its full MSRP, and an approximate selling price for it. You can find the MSRP of this car by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You should be able to get an idea of how much you may pay for it by visiting the following discussion: "Mercedes Benz C-Class: Prices Paid & Buying Experience". Let me know and I'll tell you how much this lease should cost you.
 
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#29 of 348
Re: Does this look good for C280 4matic ? [Car_man] by assamese
Feb 03, 2006 (8:55 pm)
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Replying to: Car_man (Jan 31, 2006 5:44 am)

Car_man, Thanks for your response..I negotiated the price down to $41045 (YES, $42045 was the MSRP)..this is the deal being offered:
 
Lease: 39 Mos, 15k/year
Pay approx. $1900 up-front (1st Month payment $569 + DOC $199 + registration for 4 years $322 + acquisition fees $795 + sales tax $48)
Monthly Payment: $569
Disposition Fees : $595
 
What do you think?
Is the maintenance of the car included in the lease price...I forgot to ask
 
Thanks in advance. Michael

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