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Mercedes-Benz C-Class Lease Questions

601 messages, Last post on Dec 07, 2009 at 7:06 AM
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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!
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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?
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Replying to: Car_man (Aug 31, 2005 3:54 pm) I am looking
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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!
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Replying to: juliac (Jun 18, 2006 6:06 am) 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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Replying to: doug30 (May 06, 2006 5:58 am) Car_man Host Prices Paid Forums |
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Replying to: prl (May 13, 2006 9:01 pm) 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 Host Prices Paid Forums
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Replying to: txbelle (Jun 11, 2006 4:21 pm) Car_man Host Prices Paid Forums |
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Replying to: whensel1 (Jun 14, 2006 6:45 pm) Car_man Host Prices Paid Forums
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Replying to: juliac (Jun 18, 2006 6:06 am) 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. Car_man Host Prices Paid Forums |
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