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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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#575 of 601
Re: 2009 C300 Sport Money Factor / Residual [shinakuma] by mrtrance
Sep 22, 2009 (8:56 am)
Reply

Replying to: shinakuma (Sep 21, 2009 4:00 pm)

Based on your numbers and using 54% residual for 36mo/10k, the numbers I came up are following for me (using a 8.25% tax):
 
C300
Deal#1: $555/mo
Deal#2: $585/mo
 
C350
Deal#1: $595/mo
 
I'm assuming no cap reduction and just drive off costs of 1st payment, reg, and bank fee which should be close to $2K.
 
I don't know if these are good deals when you are getting close to $600 a month. I had previously leased a 2006 E350 with MSRP of $54,XXX for $587/mo including tax with just drive off of $2500.
 
I guess the C350 might be the better deal if you had to go with dealership that only do the 0.00385 MF. More power for just $10 more a month.
#576 of 601
Re: 2009 C300 Sport Money Factor / Residual [mrtrance] by shinakuma
Sep 22, 2009 (9:05 am)
Reply

Replying to: mrtrance (Sep 22, 2009 8:56 am)

yeah it's getting steep based on MF. I do have one more that came in today. the guy was shocked at the pricing but would said he'd beat it and use employee MF. Same C300 (without walnut burl) with a price of 35k even.
 
Base Payment $437.65 Plus Tax $42.67 Total Payment $480.32
Drive Off $2260.22.
#577 of 601
Re: 2009 C300 Sport Money Factor / Residual [shinakuma] by mrtrance
Sep 22, 2009 (9:57 am)
Reply

Replying to: shinakuma (Sep 22, 2009 9:05 am)

That's a great deal. If you don't mind letting me know of the dealership/contact person that gave you this deal. I just sent you an email.
 
What residual and MF are they using to calculate that monthly payment?
 
Thanks.
#578 of 601
Re: 2009 C300 Sport Money Factor / Residual [Car_man] by projectvirus
Sep 22, 2009 (12:35 pm)
Reply

Replying to: Car_man (Sep 21, 2009 1:52 am)

How much flexibility do dealers have on the MF? From this thread it sounds like some people are negotiating an employee MF without a control number. Is this possible?
 
My dealer is offering the following on a '10 C300 Sport w/ Automatic and UMI package.
 
36 Months
MSRP=$37,465
Sale Price=$33,719
15K Miles
$3,500 Total Down
MF= .00208
Monthly=$442.87+tax
 
I'm certain there is room to maneuver with the MF, but I am uncertain as to whether I should be shooting for employee caliber (.00005) or a more reasonable one like you posted above (.00173).
#579 of 601
Re: 2009 C300 Sport Money Factor / Residual [mrtrance] by shinakuma
Sep 22, 2009 (2:58 pm)
Reply

Replying to: mrtrance (Sep 22, 2009 9:57 am)

54% and .00233 or whatever employee MF is, I'm going tonight so will post the details
 
Lease 36 month 10k miles Base Payment $437.65 Plus Tax $42.67 Total Payment $480.32 Drive Off $2260.22 - If I roll drive off, $558
#580 of 601
Re: 2009 C300 Sport Money Factor / Residual [projectvirus] by shinakuma
Sep 22, 2009 (3:07 pm)
Reply

Replying to: projectvirus (Sep 22, 2009 12:35 pm)

I didn't think there was much room with MF either but I know they make money on adjusting it much like back end rebate of a loan. I originally wanted a 10' also but seeing how FACTORY to DEALERSHIP incentive on 09s is 4k on C300s and 5k on C350s, it's hard to pass up.
 
Everyone said the special lease rate with MF .00173 is on 10s and on 09s you get the incentive money, so I went for the incentive money, got the selling price then worked the MF after. This is what I found out...
 
There is a off book program that MB gives to the dealership to close high profit deals which is usually reserved for leases they can make money on or they can use for customers they like or whatever. They are given a set number like 5 or 10 depending on size of dealership and what it does is basically give you an employee rate or near it/half way.
 
It's hard to get them but if you work them you can get that rate and on that program, I was told that with that much of a discount on selling price there was no way I can get the special lease but finally found 2 dealerships willing to do it, I'm going with the dealership with lowest price and lowest MF
 
btw your MF is great man but on a 2010 it should be .00173
#581 of 601
! by shinakuma
Sep 24, 2009 (9:14 pm)
Reply
Ok guys, I got the car yesterday and it was a done deal, as quoted. I'll post some of the details here so hopefully it can help you out also...
  
2009 C300
  
Options
057 - Ipod Integration
413 - Panorama Roof
768 - 18" AMG Wheels
P02 - Premium Package II
320- Multimedia Package
427 - 7 Speed Automatic
  
MSRP of $44,150 the selling price of the vehicle I got was $35,225.
  
Zero Down
  
Since this is a lease, in finance, I opted for their up-sell of Lease Excess Wear and Tear and Tire and Wheel Protection, I had a previous BMW lease and really got hurt by those 2 so went for them.
  
Excess Lease Wear and Tear Plan for 3 years - $1,195 (negotiated down to $599)
Road Hazard Tire and Wheel for 3 years - $1195 - (negotiated down to $695)
  
I did not email them initially, I just looked up the internet team on the internet and called in told him I am ready to buy and if their number can match or beat I'll be in. I emailed him the numbers I was given which were from the nearest competing dealership, until I got the selling price to $35k
  
Since it was a 2009, not a 2010 the (.00173) money factor special was not eligible but after going back and forth he eventually got an OK from his desk manager to give me a money factor that was also a special at .00217 which is called a Mercedes Benz Ambassador Program Lease, dealers have these but in limited stock. So I went in the next day and the car already had a sold sign on it with my name.
  
If you can find any 09s in stock now is the time to get them (4k incentive for C300 and 5k incentive for C350) and if the dealer has any ambassador leases that drop your MF, left to use, try to get it. They need to clear these out and will, just have to negotiate hard for them.
  
BTW 2010 has different side turn signals and the biggest difference is on option package 320 (the multimedia package) on 2009s the package includes Logic 7 Surround 12 speakers, it is not included on the 2010s!
#582 of 601
Re: ! [shinakuma] by ss2878
Sep 25, 2009 (5:39 am)
Reply

Replying to: shinakuma (Sep 24, 2009 9:14 pm)

What is your monthly payment. How long is the term? What dealer is this and what state are you in?
#583 of 601
Re: 2009 C300 Sport Money Factor / Residual [projectvirus] by mrtrance
Sep 28, 2009 (12:20 pm)
Reply

Replying to: projectvirus (Sep 22, 2009 12:35 pm)

Just leased a 09 C350 Sport with P2/MM/Ipod with MSRP of 45,300 for $483/mo (including tax) with only $1900 drive off (1st month, acq fee, registeration, doc fee, etc.). Lease is for 36mo/10K.
#584 of 601
Just picked one up C300w4 09 15k a year by sebzx79
Sep 29, 2009 (7:07 pm)
Reply
Just picked one up with the pull forward promo.
 
Its a 09 c300 4matic Silver/Black
Package 1
 
They took 7 payments
36 months 15k a year
0 money out of pocket at 624.90 a month.

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