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Mercedes-Benz C-Class Lease Questions

598 messages,  Last post on Nov 28, 2009 at 10:43 PM

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

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#302 of 598 Re: base lease [forsbrg316] by ghstudio Jun 08, 2008 (8:52 pm)
Replying to: forsbrg316 (Jun 08, 2008 8:33 pm) Why would you want to put $5K down up front on any lease. You would do much better financially by using that $5K as a "multiple security deposit". There are a few reasons to do this...but the most important is that you are loaning the money to MB or BMW for the time of the lease and you get it back at the end. In return, they lower the money factor (MF) of your lease....so you pay less interest on each payment.   No one can predict where interest rates will be in the summer....or what residuals MB/BMW will put on their cars then. Replies to this message: forsbrg316 (Jun 09, 2008 5:30 am) ghstudio (Jun 09, 2008 8:36 am) ocautoseeker (Jun 09, 2008 11:42 am)
#303 of 598 Re: base lease [ghstudio] by forsbrg316 Jun 09, 2008 (5:30 am)
Replying to: ghstudio (Jun 08, 2008 8:52 pm) Actually only BMW lets you put down multiple security deposits in order to lower the money factor. Mercedes doesn't have this practice. Also, there is still a big difference in payments between 5K cap cost and 5K multiple security deposits. I appreciate the advice but I explored those options. I heard all the arguments why you shouldn't put money down on a lease but to me it doesn't really matter because the money isn't coming out of my pocket. As well if you financed one of these cars especially the AMG (known for there TERRIBLE real world residual values) I would have to carry gap insurance just in case the car got totaled cause the minute I drove off the lot I would loose my initial down payment in deprecation. I financed my previous car (BMW 03 4.6is couple mods) and currently my M3 and to me its just not worth doing this anymore. I switch my cars to early plus I don't want to go through that phase of selling my car privately to get anything close to market value. I think my best bet really is to wait to the end of the model year and try to pounce on a left over. With the Performance Package coming out for the 09 Models which from what I read are being produced at the end of this month many of the enthusiasts or serious buyers will probably hold off. When it comes down to it I really don't need the LSD (the main addition in the package) to romp up down RT80 to work. Replies to this message: ghstudio (Jun 09, 2008 8:36 am) ocautoseeker (Jun 09, 2008 11:42 am)
#304 of 598 Re: base lease [forsbrg316] by ghstudio Jun 09, 2008 (8:36 am)
Replying to: forsbrg316 (Jun 09, 2008 5:30 am) My dealer tells me that Mercedes DOES offer a reduction in your MF with multiple security deposits and has given me some quotes that include MSD's. Your dealer, like most, probably never read the entire lease plan, they have looked at it and dismissed it as too small a saving to bother with (which is wrong), don't know how to explain it or just don't understand the difference between capital cost reduction and MSD. I also believe that the Mercedes lease, like most others these days provides gap insurance as part of the lease. As a matter of fact, one of the reasons you don't want to put money down in front is just that....gap insurance which they won't pay if you've already put money down up front.   In your case, it sounds like you are on the right track...wait until the 09's appear early next month and then try to find a leftover 08.
#305 of 598 Re: base lease [forsbrg316] by ocautoseeker Jun 09, 2008 (11:42 am)
Replying to: forsbrg316 (Jun 09, 2008 5:30 am) First, I would never tell anyone how to spend their own money, but I will advise on what's wise when concerning a lease.   When it comes to making a cap cost reduction, you're simply "prepaying" a portion of the depreciation and thus lowering your monthly payments - certainly nothing wrog with that. If your lease is structured through MBC, it automatically includes GAP insurance, which will indeed pay off what you "owe" on the vehicle. However, if your vehicle is totaled or stolen and never recovered, yes, the GAP policy will pay off the vehicle, but you will essentially lose that $5k you put down upfront.   Also, MBC does allow up to 10 MSD's, but it varies by region. This would be a good option to explore and utilize if you want to put $5k down - this way, you will lower your monthly payments and in the unexpected event of an accident where the vehicle is declared a total loss, or if stolen, you will at least be able to recover the money you put down and utilize it towards your next lease, or simply take it back.
#306 of 598 C-Class Figures by larrym Jun 11, 2008 (11:35 am)
Can someone post up the lease figures for the C-Class   months, miles, residuals, money factor   Thanks in advance
#307 of 598 C300 Sport Lease - Orange County, CA by mrum Jun 11, 2008 (3:17 pm)
I leased a 2007 C230 in July 2007. I but $2550 down and my total payment was $379 a month, 15,000 miles a year for 27 months. I was happy with this lease as $1500 of the money I put down was from Mercedes because my first C230 was bought back buy them as it was a lemon. Unfortunately, I just totaled my car on Saturday.   I am now thinking of looking into leasing the C300 Sport, but am afraid that it will be much more expensive. Anyone know of good leases in So Cal on the C300 Sport? I really want to keep my payment under $400. However, with this economy maybe this is the time to think about getting an Accord or something a little more economical.   I would appreciate any suggestions. Replies to this message: occarbuff (Jun 11, 2008 3:43 pm)
#308 of 598 Re: C300 Sport Lease - Orange County, CA [mrum] by occarbuff Jun 11, 2008 (3:43 pm)
Replying to: mrum (Jun 11, 2008 3:17 pm) Sorry to hear about your C230...I think your payment will be closer to $500 for the new C300 Sport with few options. I leased one from South Bay MB for $479. This was for a 39 month/10k miles lease with about $1800 down. I got the sport with auto, metallic paint, and 18"AMG wheels/tires. I know there are $399 specials out there, but it will require alot more down in the neighborhood of $4000-5000.   I hope this helps...
#309 of 598 Duration of Lease = a significant factor? by srvlonghorn Jun 11, 2008 (7:06 pm)
Over the phone, I mentioned that I would prefer a 36month lease, a salesman from a reputable Mercedes dealership told me that to lease the C300 Sport for anything more than the advertised 27month lease would be "substantially higher" in cost. Are they playing hardball? What is their angle?   Also, they won't say squat about the 2009s, I presume they want to get rid of all the 2008s. However, I would at least like to know what I'd be missing if I pulled the trigger on an 08 this month or next month.   Any feedback would be much appreciated. Replies to this message: ocautoseeker (Jun 12, 2008 1:19 am) ghstudio (Jun 12, 2008 4:22 am)
#310 of 598 Re: Duration of Lease = a significant factor? [srvlonghorn] by ocautoseeker Jun 12, 2008 (1:19 am)
Replying to: srvlonghorn (Jun 11, 2008 7:06 pm) The 27 month program offers the best residuals and money factors available currently through MBC.   I posted it a few days ago, but here it is again...   27M -- Residual 65% -- .00250   27M -- Residual 65% -- .00240 (4-matic)   Add 2% for 12k/mi & 3% for 10k/mi.   The residuals are strong, but the money factors are higher than what they used to be, and thus why you're seeing higher payments on these vehicles.
#311 of 598 Re: Duration of Lease = a significant factor? [srvlonghorn] by ghstudio Jun 12, 2008 (4:22 am)
Replying to: srvlonghorn (Jun 11, 2008 7:06 pm) The 2009 c's are already in build and should be arriving next month. If I recall correctly the changes are cashmere seats available on more models, wood dash available on more cars, memory seats are back and the steering column adjustments are power.   Your salesman can pull up the 2009 specs and order information any time....and all the information on changes is at the dealer.   There is a special lease on the C's this month for 27 months with a lower MF.   If you are considering leasing a C350, I'd encourage you to look at an Infiniti M35 which has a much better lease and will likely save you money on a significantly more expensive car on their 24 month lease. (it also runs on regular gas)

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