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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: 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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Replying to: jjthecat (Dec 02, 2008 6:36 pm) |
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| I JUST GOT A QUOTE FOR A 2009 C300 SPORTS WITH P2 PKG, IPOD, STEEL GRAY,AUTOMATIC,12K MILES/YR FOR $493 or $539/ month INCLUDING TAX WITH 0 DOWN AND 27 MONTHS LEASE.. LET ME KNOW IF THATS A GOOD DEAL OR ANY MORE ROOM TO WORK ON..I LIVE IN THE BAY AREA CA. BTW....THANKS! | |
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