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Prices Paid: Buying & Leasing Experiences Mercedes-Benz C-Class Lease Questions
597 messages, Last post on Nov 21, 2009 at 11:05 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: djruss (Nov 07, 2008 9:05 pm) Then the rest, residual value and money factor are hard to change with MB finance. I hear that dealers sometimes increase the residual value but I wouldn't count on it. Money Factor varies with your credit too. If you take a 39 month lease, your payment could be under $400. I am not so sure about keeping it under $500 for a 24 month lease. Good luck! |
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Excuse me for posting in this forum and the "prices paid" forum in advanced... I like the guy that I work with at MB in the Bay Area but I just discovered this wonderful message board so it doesn't hurt to receive feedback... I'm looking at the following: Description ................................ INVOICE / MSRP C300 Sport White on Black.......... $29,853 / $32,100 Option 320: Multimedia................ $2,771 / $2,980 7-Speed Automatic Transmission.. $1,358 / $1,460 Burl Walnut Wood (uugh).............. $288 / $310 iPod Integration .......................... $349 / $375 SUBTOTAL ................................ $34,619 / $37,225 Transportation and Handling ......... $875 / $875 IRG Participation ......................... $500 / -- (this is some new weird fee) TOTALS ..................................... $35,994 / $38,100 My price on the car would be $34,500 (about $1500 under invoice). The terms of the lease are as follows. 39 months 10K miles / year Money Factor = .0025 (or 6%) Residual = 57% Out the door = 1st payment, reg/licensing and tax or $920. Monthly = $499 + CA tax (or a total of $540/month) Any thoughts? He let me know that his buy rate on the Money Factor is .002... so do I work him for the extra .0005? Thanks!
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Replying to: wildting (Nov 12, 2008 6:23 am) ABSOLUTELY! |
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Replying to: wildting (Nov 12, 2008 6:23 am) MSRP $38,100 Cap Cost $34,500 39 Months 57% residual 0.0025 MF I come up with a monthly payment of $468.31 + TTL If you change the MF to 0.002, the payment drops to $440.20 so that "extra 0.0005" is costing you almost $1100 + TTL over the course of the lease. Note also that MB charges you an acquisition fee of $795 and a $595 vehicle turn-in fee. Almost $1400 just to sign a lease. |
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My 39 month lease shows depreciation and amortization of $13,666, Rent Charge of $8,911, adjusted capitalized cost $34,561, residual value of $20,896, acquisition fee $1,095. How do I determine the money factor, residual %,etc.? Also, shat strategy can I use to get a good deal at the end of the lease? Thanks.
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Replying to: caduet (Dec 01, 2008 8:42 pm) $228 / (cap + residual) = approx. .0041 money factor Your residual value is a percentage of the MSRP. Once you have the MSRP, it is an easy calculation. regards, kyfdx
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Replying to: kyfdx (Dec 02, 2008 4:17 am)
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Hi, I was going to lease the new A4, but the sales guy changed the numbers on me right before I signed. Anyways, I got a quote for a 2009 C300 4matic sport with P1 and wanted to know if this seemed ok. Zero down just the start ups which was around $1600 (1st month, plate, acquisition fee etc.) and he said with the Chrysler discount, 39months, 12,000 a year, it would be $458 a month. He told me the car's MSRP was around $40,000 and I was getting it far below invoice. Sales guy said every $1000 down would bring it down $30 and that the deal ends at the end of December. Also, I am waiting for a relative to see if he used up all his Chrysler discounts this year and the sales guy said he could "get me one" for $400. I spoke to some people and they said they have paid $100 for someone's "numbers", but $400 was too high. Does this lease sound fair? Should I get a quote from the dealer across town? If this price isn't working, I am going to have to get a CTS, but I would rather get this car. Thank you if anyone has any input and I am located in Michigan if that makes a difference.
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Replying to: caduet (Dec 02, 2008 5:26 pm) If it were me, at that price, I'd just buy the car. But, to answer your question.. the rent charge is the finance portion of the lease payment.. equivalent to interest on a loan. The rest of the payment is depreciation. If your numbers are correct, then the equivalent interest rate on that lease is about 9.8%.. regards, kyfdx
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Replying to: kyfdx (Dec 02, 2008 7:31 pm) |
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