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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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#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.
 
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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.
 
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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.
 
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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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#49 of 601
Re: Mercedes-Benz C-Class: Lease Questions [Car_man] by ed108
Jun 24, 2006 (9:42 am)
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Replying to: Car_man (Jun 20, 2006 2:11 am)

Hi there,
 
I too am looking at this lease. As advertized by MB it is $329 a month for 27 months with 10K a year on MSRP of $32,185 with $2500 down, and $795 aquisition.
 
Is is realistic to aim for the $329 monthly payment but with $0 down and 12K miles per year?
 
Thanks.
#50 of 601
C230 Sport 2006 Lease Question by allycar
Jun 26, 2006 (3:39 pm)
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I received a quote at the Benz dealership of: My car trade in (valued at $1750) + 1350 at signing. The monthly payments will be 358.00 for 27 months and 10,000 miles/year. Is this a good deal? I'm brand new to leasing. All help is appreciated!!
#51 of 601
C230 Sport Lease by juanito1
Jun 27, 2006 (1:46 pm)
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Carman:
Could you help us with the base MF and residual for a 2006 C230 Sport. I did a quick back of the envelope calculation for a 27mth/10K per yr lease but wanna see what you come up with. I want to recalculate with no downpayment so i need the true MF and residual. Also, will MBUSA accept extra SD's in lieu of down payment which would further reduce the MF? How much would each SD reduce the MF?
 
MSRP: $32185
Sell: $30912
Additional costs: $795 acq fee + $329 first payment
Down: $2500
Residual: 71% (???)
MF: .00156 or 3.7% (????)
Taxes: 7.75%
I come up with $329 + $26 tax /mth
#52 of 601
Carman question by allycar
Jun 27, 2006 (4:03 pm)
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Thanks for your response. This is exactly why I need your help, as I do not even know what you're referring to when you say "MF" and "SD." Please get back to me on this. Thanks again.
#53 of 601
Re: C230 Sport Lease [juanito1] by ed108
Jun 30, 2006 (11:55 am)
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Replying to: juanito1 (Jun 27, 2006 1:46 pm)

Dealer told me 71% Residual for 10,000 miles a year and 70% for 12,000 and the MF he "thought" was .0024 which seems kind of high for a lease special.
 
Still trying to work out a better deal myself. Last day of the month today, he may be motivated.

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