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Mercedes-Benz C-Class Lease Questions

600 messages,  Last post on Dec 06, 2009 at 6:51 PM

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

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#34 of 600 Not exactly a leasing question by puppykicker 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 600 2006 Mercedes Benz C230 Lease question by rickshak Apr 29, 2006 (6:54 pm)
Dear Car Guy-   Can you please tell me if this looks good? MSRP $35435 Selling price: 32,200 (could be a bit more) 39 month lease 15000 miles/year FEES: 1st payment 414.17 Acquis- $795 Doc Fee- $150 Plates- $322 Something else- $7.50 (cant read the writing)   Total cash downpayment- $3500 leaving a $1811.33 cap reduction..   PAYMENT: $414.17   I did not recall the residual or the lease rate on this and I'm feeling vulnerable as a result. It sounds like a good deal but I would like some verification please. Thanks a million
#36 of 600 Lease on a C230 by mkundranda May 02, 2006 (3:23 pm)
dear car guy; Could you please take a look at this and tell me if i have a good deal on this lease. C230,Black,Manual trans,sunroof package and heated fron seats. 39 month lease,15000 miles/yr. Rate is 0.0028 and mnthly payment 465/month, no down payment(only the first month payment,title and tags 1500$) Thanks a ton Replies to this message: schulhof (May 03, 2006 3:20 pm)
#37 of 600 Re: Lease on a C230 [mkundranda] by schulhof May 03, 2006 (3:20 pm)
Replying to: mkundranda (May 02, 2006 3:23 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 600 tax and tags by doug30 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 Replies to this message: Car_man (Jun 20, 2006 1:47 am)
#39 of 600 C280 4Matic 27 month lease by prl May 13, 2006 (9:01 pm)
Car man,   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:   2006 C280W4 Black/Black C1: Lighting Package C3: Sunroof Package Power Driver's Seat and Steering Collum CD Changer Folding Rear Seat   MSRP: $39,415   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! Replies to this message: Car_man (Jun 20, 2006 1:54 am) tbtmedia (Nov 28, 2007 8:43 pm)
#40 of 600 C280 Lease Information by txbelle Jun 11, 2006 (4:21 pm)
Can you please post the 27 and 36 mos 10k/year, money factor and residual values for the 2006 C280 for June? Replies to this message: Car_man (Jun 20, 2006 2:01 am)
#41 of 600 Re: Mercedes-Benz C-Class: Lease Questions [Car_man] by whensel1 Jun 14, 2006 (6:45 pm)
Replying to: Car_man (Aug 31, 2005 3:54 pm) Car Man- I am looking leasing a 2006 C-230 Sport Sedan for my girlfriend and I am trying to get the best deal possible. So there is a MB lease offer now for a 27 month lease for $329 per month with $3,624 down payment. Here is my question: What is the best deal that you have heard of anyone recieving for a lease on this model, with as least $ down as possible? Replies to this message: Car_man (Jun 20, 2006 2:11 am) ed108 (Jun 24, 2006 9:42 am)
#42 of 600 C230 Lease Price by juliac Jun 18, 2006 (6:06 am)
I'm interested in leasing a C230 pewter car. 39 month lease, 15K miles per year. MSRP for this car is $34030 (includes sunroof, 7 speed auto transmission & entertainment package). According to Edmunds Invoice for this car with options is $31648. Considering putting $4500 down (low ball on my trade in). Add $795 acquisision. What should my payments be - I've never leased so don't understand lease money factor & residual - thanks so much for your help! Replies to this message: sgtslate (Jun 19, 2006 9:34 pm) Car_man (Jun 20, 2006 2:20 am)
#43 of 600 Re: C230 Lease Price [juliac] by sgtslate Jun 19, 2006 (9:34 pm)
Replying to: juliac (Jun 18, 2006 6:06 am) Well it is usually not reccomended that you trade or put down alot on a lease. If you drive the new leased car off the lot and total it in in an accident the lease will get paid off but you just lost the entire trade or big deposit.   Money factor is the rate of interest charged for the duration of the lease. The lower the money factor the less interest. Multiply the money factor by 2400 and that is you %intrest charged for the lease. The residual value is how much the car is worth at the end of the lease. Once again, the higher the residual, the less you should have to pay since you are only paying for the difference btween residual cost and new cost plus the intrest rate.

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