Last post on Dec 07, 2013 at 6:57 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#30 of 1998 Re: Does this look good for C280 4matic ? [assamese]
Feb 19, 2006 (7:41 am)
You're very welcome, Michael. A base 2006 C280 Sedan with 4Matic has a spread of around $2,400 between its full MSRP and dealer invoice prices. You are being given a discount of $1,000 on the car that you are interested in. If you are in an area where there is a decent level of competition for your business, i.e several Mercedes dealers, I would not be surprised if you were able to beat this price by a little.
For now, I will estimate what this car's lease payment should be using the prices that you mentioned and Mercedes' actual lease program. According to my calculations, if you were to lease an '06 C280 Sedan with 4Matic with an MSRP of $42,045 and a selling price of $41,045 through Mercedes0Benz Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $549. As you can see, this is a little lower than the payment that you were quoted. Mercedes-Benz made an unscheduled enhancement to its incentives on February 10th. I suspect that your lease was based upon the old program. Make sure the dealer that you're working with uses Mercedes-Benz Credit's current buy rate lease money factor for this model, .00185, to calculate your lease payment.
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#31 of 1998 2006 Mercedes C230 lease
Mar 05, 2006 (4:30 pm)
Can you tell me what the money factor is for March on a 2006 C230 sedan. Also, what is the bank fee and residual value? Selling price of $31,049
I was quoted 2.8 MF, and $1095 bank fee.
#32 of 1998 Re: 2006 Mercedes C230 lease [lacoast]
Mar 20, 2006 (3:11 am)
Hi lacoast. This car's lease program varies depending upon how long you lease it for and how many miles per year you are allowed to drive it. Mercedes' most attractive lease term is usually 39 months so for now I will provide you with the info for that term and for a lease with the common mileage allowance of 15,000 miles per year. Let me know if you want something different. 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 .00280 and 59%, respectively. MBC's lease acquisition fee is bad, but it's not as bad as the one that you were quoted. Its base fee is currently only $795. It appears as though the dealer that you are working with is marking up this car's fee to add a little hidden profit to your deal. Make sure to insist that you only pay $795.
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#33 of 1998 MB c230 Lease
Apr 12, 2006 (5:19 pm)
Dear car guy, Thanks for the help on my vw and my family members vw's. A good friend of mine is intrested in leaseing a mb c230 for 27 or 39 months and we were able to obtain the residuals but unable to confirm that 795 is the acc fee. Every dealer is quoting some variation form 895-1095. What I am also intrested is knowing the base money factors for those terms of 27 and 39 months. Thanks So much. Also is there any manufacturers cash that is combindable with the mb financial special lease?
#34 of 1998 Not exactly a leasing question
Apr 28, 2006 (9:58 am)
My question is about financing a new car purchase (C280) through MB-Credit, through a dealer in the DC area. I know that during April MB is offering 1.9% for up to 36-months, and 2.9% for 48-months, on new C-class purchases. I brought this up with my salesman, who pretended to act as if this was news to him (over three weeks into the month). He "found" the same information once he looked, however. He said that this was the rate the dealership got the money at, but that I would pay a markup (on 36-months) to somewhere between 3.0% and 4.0%, but that this was still a good rate.
My previous (all non-MB) purchases have been cash, so I don't have experience with manufacturer/dealer financing. Is it customary for dealers to do this sort of thing? Or just with those people that let them get away with it? Or, do I say that I expect the interest rate being offered and promoted by the manufacturer, period? (We haven't talked price yet, but I know this dealership is usually not particularly competitive. It's just the closest to my home, and I don't have the time or energy for a whole lot of shopping around.)
I didn't discuss leasing with the guy, but a lease could be appealing, given decent terms. Does this 1.9% rate on new C-class purchases imply that the money factor would be around 0.000792? That is, do leasing interest rates reflect promotional interest rates on new car purchases?
Thank you all very much.
#35 of 1998 2006 Mercedes Benz C230 Lease question
Apr 29, 2006 (6:54 pm)
Dear Car Guy-
Can you please tell me if this looks good?
Selling price: 32,200 (could be a bit more)
39 month lease
1st payment 414.17
Doc Fee- $150
Something else- $7.50 (cant read the writing)
Total cash downpayment- $3500 leaving a $1811.33 cap reduction..
I did not recall the residual or the lease rate on this and I'm feeling vulnerable as a result. It sounds like a good deal but I would like some verification please. Thanks a million
#36 of 1998 Lease on a C230
May 02, 2006 (3:23 pm)
dear car guy;
Could you please take a look at this and tell me if i have a good deal on this lease.
C230,Black,Manual trans,sunroof package and heated fron seats.
39 month lease,15000 miles/yr. Rate is 0.0028 and mnthly payment 465/month, no down payment(only the first month payment,title and tags 1500$)
Thanks a ton
#37 of 1998 Re: Lease on a C230 [mkundranda]
May 03, 2006 (3:20 pm)
I got mine in February.
C230 with Auto trans., sunroof package, Granite Grey
39 month lease, I think 12k miles a year. I gave them $2500 and have $417 payments.
Hope this helps.
#38 of 1998 tax and tags
May 06, 2006 (5:58 am)
hello car man ,just wanted to tell you that this is the best site ever and i appreciate your help and advice. car buying is a hassle you go in stress free and come out stressed out,but you have made it a lot easiear and fun thanks again.
here is my question .
i live in maryland am looking to lease a car,i already read all the great advice you have given everyone ,i am just cofused on the down payment part ,i know zero down is what you advice ,does that include taxes and tags. thats all.thanks again in advance
#39 of 1998 C280 4Matic 27 month lease
May 13, 2006 (9:01 pm)
Would appreciate some advice. I live in northern NJ, so I have been to several dealers. Two dealers had a car in stock that i was interested in and got the following numbers:
C1: Lighting Package
C3: Sunroof Package
Power Driver's Seat and Steering Collum
Folding Rear Seat
They want $539/mo for 27 months with 15,000 miles per year and about $1,800 in inception fees, with no cap cost reduction. There is also the typical $595 turn in fee at the end of the lease.
The other dealership offered $571 a month for the almost the same car except it was Pewter which causes the MSRP to go up slighty for the metallic paint. Also similar inception fees and no cap cost reduction. He said he was already selling the car for ony $500 over invoice. When I called back to tell him that I would probably go with the Black one, he said what if we can match it. I said I'd be in touch becuase I like black better anyway.
This would be my first experience leasing a car since I'm in college, and I'm hesitant to do this since my car is in perfect shape now and I have $0 per month expense on that. I would appreciate any insight you might have!