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Mercedes-Benz C-Class Lease Questions

601 messages,  Last post on Dec 07, 2009 at 7:06 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#39 of 601
C280 4Matic 27 month lease by prl
May 13, 2006 (9:01 pm)
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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!
#40 of 601
C280 Lease Information by txbelle
Jun 11, 2006 (4:21 pm)
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Can you please post the 27 and 36 mos 10k/year, money factor and residual values for the 2006 C280 for June?
#41 of 601
Re: Mercedes-Benz C-Class: Lease Questions [Car_man] by whensel1
Jun 14, 2006 (6:45 pm)
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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?
#42 of 601
C230 Lease Price by juliac
Jun 18, 2006 (6:06 am)
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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!
#43 of 601
Re: C230 Lease Price [juliac] by sgtslate
Jun 19, 2006 (9:34 pm)
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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.
#44 of 601
Re: tax and tags [doug30] by Car_man HOST
Jun 20, 2006 (1:47 am)
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Replying to: doug30 (May 06, 2006 5:58 am)

Thanks doug30. When I advise consumers not to make any down payment when leasing, I mean not to make any sort of capitalized cost reduction. There's nothing wrong with paying your vehicle's first month's payment, security deposit, acquisition fee, or even taxes at lease signing. If you want to lower the money that you have to pay at signing, you can always roll the acquisition fee into your vehicle's cap cost and most states allow consumers to do so with tax as well.
 
Car_man
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#45 of 601
Re: C280 4Matic 27 month lease [prl] by Car_man HOST
Jun 20, 2006 (1:54 am)
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Replying to: prl (May 13, 2006 9:01 pm)

Greetings prl. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
You never mentioned the specific selling prices of the cars that you are interested in, other then the fact that you are getting them for $500 over invoice. $500 over is a very good deal. It still would be helpful to know these cars' exact selling prices. The selling prices would enable me to use Mercedes-Benz Credit's actual lease program to estimate what their monthly payments should be. Doing this would enable us to see if the dealers that you are working with are trying to add any hidden back-end profit to these deals by marking up their money factors. Let me know and I'll run these cars' payments using their base lease programs for you.
 
Car_man
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#46 of 601
Re: C280 Lease Information [txbelle] by Car_man HOST
Jun 20, 2006 (2:01 am)
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Replying to: txbelle (Jun 11, 2006 4:21 pm)

Here you go, txbelle. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz C280 Sedan through Mercedes-Benz Credit right now for 36 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00160 and 60%, respectively. I have not seen this car's 27 month lease program, but I can give you info on its 24 or 30 month programs if you would like.
 
Car_man
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#47 of 601
Re: Mercedes-Benz C-Class: Lease Questions [whensel1] by Car_man HOST
Jun 20, 2006 (2:11 am)
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Replying to: whensel1 (Jun 14, 2006 6:45 pm)

Hi whensel1. The easiest way to get a good deal on this car is to negotiate as low a selling price as possible and then have the dealer that gives you that price calculate your car's lease payment using Mercedes-Benz Credit's buy rate lease money factor. I have seen consumers get C-Classes for $500 over invoice recently. That's probably a good target price to shoot for, but stop by the following discussion for additional feedback on how much you should pay for this car right now: "Mercedes Benz C-Class: Prices Paid & Buying Experience". Mercedes-Benz Credit's current buy rate money factor for a 27 month lease of an '06 C230 Sport Sedan should be .00240. Once you know this car's MSRP and approximate selling price, I'd be happy to estimate what its monthly payment should be for you.
 
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#48 of 601
Re: C230 Lease Price [juliac] by Car_man HOST
Jun 20, 2006 (2:20 am)
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Replying to: juliac (Jun 18, 2006 6:06 am)

Hi juliac. You would be much better off having the dealer that you are working with cut you a check for your trade than using rhe proceeds from it as a capitalized cost reduction for your lease. Making such a large down payment puts you at risk of losing this money if your car is totaled in an accident or stolen and never recovered.
 
Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. It is much easier for dealers to take advantage of consumers who don't understand how leasing works.
 
Your monthly payment for this car will depend upon its selling price. For now, let's assume that you can get it for $500 over invoice. According to my calculations, if you were to lease a 2006 Mercedes-Benz C230 Sedan with an MSRP of $34,030 and a selling price of $32,148 through Mercedes-Benz Credit right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $435. This assumes that you pay a security deposit and acquisition fee at lease signing and qualify for Mercedes-Benz Credit's top credit tier.
 
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