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Prices Paid: Buying & Leasing Experiences Mercedes-Benz C-Class Lease Questions
598 messages, Last post on Nov 28, 2009 at 10:43 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: frankb036 (Feb 23, 2009 12:41 pm)
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Replying to: mbcos (Feb 23, 2009 12:51 pm) enjoy your car |
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Live in Southern CA. I have been told that MB is offering to let you turn in your lease 5 months early for clients in good standing to move into a new MB. I currently have a 2006 C230 that expires in Sept 2009. My current payment is $471 per month for 39 months (15k miles per year). I put zero down. Here is the deal I was offered: 2009 C300 Options - P1, iPod, 18" AMG wheels, wood trim Res - 53% MF- .00195 MSRP - $39,490 Cap - $36,950 Adj Cap - $39,100 ZERO cash down 15k miles per year $562.97 plus tax This is same dealership I leased my C230 from. I know this is not a good deal at all and am working on lowering the Cap and \or MF with the same sales guy I used 3 years ago (he is actually very nice) but they are not budging at the moment. I assume the "Adj Cap" the dealer quoted is rolling drive offs back in to the deal so I do not have to put anything down. Any thoughts and\or opinions? Thanks! |
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Replying to: boltsfan (Feb 25, 2009 12:12 pm) |
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Replying to: boltsfan (Feb 25, 2009 12:12 pm) IE: Send e-mails detailing the car you want including color and equipment. Tell them you want to put out only minimal inception fees or nothing at all, whichever you prefer. Then tell them that you would like to lease this car for 39 months (best program wright now) with 15K a year for $xxx including CA sales tax. If I were you, I would start by saying $480 a month. Give them your phone number and e-mail when you contact them. That is exactly how I got the best deal. Or, you can just call the dealerships yourself and ask for any salesman and tell them the exact same thing. Don't get impatient. Someone will give you a great deal in these hard economic times.
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Replying to: mbcos (Feb 26, 2009 7:46 am) I was trying to be cool by going back to same salesman but guess I need to start sending emails out to other dealerships. I only deal by email until a price and monthly payment are in writing (will rarely give out my phone #). This is how I got my last MB and '08 Yukon. I actually had to print emails at the dealership when we leased our Yukon to prove things in writing (switching 20" wheels over, etc...) I realize you were concentrating on the bottom line (like I usually do) but did you actually get quoted a residual and MF? Is the 5 month turn in early deal legit? With those options what should I be looking at for a Cap Cost? The old way to lease was to negotiate the price of the car then deal with monthly payment. I think it has turned the other way around.
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After reading a lot of the lease deals on this forum, can anyone tell me if this is a good deal? lease on a 2009 C300 4matic Sport 39 mo, 12k/yr. pkg 2, multimedia, ipod integration, walnut trim, mb tex $539/month with $3000 down (fees plus add’l down). thanks! |
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Replying to: boltsfan (Feb 26, 2009 11:37 am) The 5 month thing is legit. If you get a C300, you can turn it in 5 months early and avoid their "disposition" or "return fee" which is so totally BS. I would never put any Cap Cost reduction down on a lease. Why prepay your lease. If they ask you for $3,000 cap cost reduction, just divide that by the number of months in your lease and that is the added cost. $3,000 divided by 39 months (the term of your lease) is $77. So when you get quoed $500 a month, you need to add $77 to that, so your monthly payment was $577, but you just prepaid the $77 portion. Don't do any cap costs reductions. You don't have to. Forget residuals and money factor. They are probably lies anyway. I don't know how mathematically my lease worked, but it did according to several dealers who were all within $12 of each other in terms of monthly payments. Just get a good bottom line at the end. Thats all your should care about. Don't worry about how much money they are going to make on the deal. |
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Replying to: mandy11 (Feb 27, 2009 8:16 am) Do NOT give $3,000 down. Don't prepay your lease. Take that $539 payment (does that included sales tax) and add $77 a month since you are prepaying $77 a month with your cap cost reduction. Does $616 a month sound like a good deal to you? I don't think so. And don't forget, you are still putting down inception fees which I bet they told you are about $2100 on top of that. $439 a month is an actual offer if you pay the $3,000 because that would make your monthly payment $516 (439+77). You should be getting that car around $500 - $510 including sales tax without paying anymore than $1,500 down for your inception fees and that is it. I repeat; NO CAP COST REDUCTION. Spam out some e-mails and let them know that you did. Play the dealers against eachother. You aren't doing anything bad or lying. You are merely shopping for the best deal in the most famous competitve markek in the world. Forget that deal above and go back to the drawing board. Someone will sell you that car for around $500 a month with no cap cost reduction at all and only minimal inception fees. I have some recommendations for you in the NJ area if you live around here. And for God's sake, don't even pay that inflated bank fee or the "doc fee." They will ask for $1900 - $2200 for inception fees. You don't even have to go that high. Good luck and don't sign a deal out of frustration.
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Replying to: luka67 (Feb 19, 2009 2:57 pm) It does have some cash on the 2009 E-Class though. It is currently providing 2.9% to 3..9% financing plus a whopping $6,000 dealer cash or special lease money factors plus $4,000 on most '09 E-Class models. The above programs are only scheduled to run through March 2nd. Mercedes will introduced its new March programs this week. Please feel free to check back with me in a couple of days and I should be able to give you an idea of what the new program is like. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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