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Mercedes-Benz C-Class Lease Questions

599 messages,  Last post on Dec 02, 2009 at 7:59 AM

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


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#62 of 599
2006 C230 by sjl2
Jul 18, 2006 (3:58 am)
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Just leased a 2006 C230. MSRP $34,175 selling price $29,938 ($2500 below invoice with $600 ad fee). 39 mo /12,000 mi/$752 drive off came to $377/mo + tax =$406/mo.
#63 of 599
Re: C230 Sport Lease by rnyc
Jul 20, 2006 (3:10 pm)
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Replying to: ed108 (Jun 30, 2006 11:55 am)

Hi everyone,
 
Based on the current promotion i am negotiating a deal to lease 2006 Mercedes C-230-WZ for $285 /month 1690 cap cost reduction. 10,000 miles a year. IS THIS A GOOD DEAL?. I always lived in a city so never bought a car since i came to this country 5 yrs ago. Now i accepted a job out of city so i need a car and don't have much clue in this field. Any suggestions on negotiating or things i need to be precautioned. I appreciate educating me. Thanks in advance.
#64 of 599
Re: C230 Sport Lease [rnyc] by prl
Jul 20, 2006 (4:16 pm)
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Replying to: rnyc (Jul 20, 2006 3:10 pm)

That sounds like a good deal initially, but you didn't mention how long of a lease term. Also what options does the car have? Lastly, since you say you haven't had too much experience buying a car, are you sure that 10,000 miles per year is enough? Make sure you factor in your work commute and any extras or road trips you might want to take. For many people 10,000 miles a year is pretty low. Good luck!
#65 of 599
Re: C230 Sport Lease [prl] by rnyc
Jul 20, 2006 (5:58 pm)
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Replying to: prl (Jul 20, 2006 4:16 pm)

Thank you for your input. More details as follows:
Lease term: 27 moths
which is better to lease for less period or more period. Isn't that lease for less period is better so you we can change the car sooner?
In regards to the options, i never dicussed anythin yet. As he says standard. In checked the standard options comes with factory seetings, i belive those will be included. Am i right?
I agree, 10,000 miles i thought is very less. As a student in europe i used to go over 10,000 just driving around. I don't know incresing my milae option how much will increse mothly lease. what is reasonable increse if i am looking for 15,000 miles/year.
 
Previous details: 2006 Mercedes C-230-WZ lease for $285 /month 1690 cap. 10,000 miles/ year. excellent credit history.
#66 of 599
Re: C230 Sport Lease [rnyc] by prl
Jul 20, 2006 (9:52 pm)
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Replying to: rnyc (Jul 20, 2006 5:58 pm)

I think that lease price seems good for that term. As for the length of the lease, that is up for debate, I guess it depends on how long you like to keep the car. In this case, Mercedes is offering great rates for 27 months, so you should probably keep it at that. Going from 10K to 15K miles will affect the price, I'm not sure how much maybe $25 more a month? This is the estimate I came up with when I played with the numbers on mbusa.com. As for standard equipment, most Mercedes dealers would order a C230 with the Sunroof package and the 6 Disc changer. Also what dealership are you working with, I see that you have NYC in your use name, would you be working with MB Manhattan by any chance? I'm assuming at that lease price they are selling you the car for under invoice cost which is good.
#67 of 599
July 27mo Lease Numbers by leasenc
Jul 21, 2006 (5:58 am)
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This is my first post, but I've been following these wonderful boards for a long time.
 
I can't find the residual and base money factor for the 27-month programs on the c230 and c280. It must be a bit better than the 24-month numbers.
 
Also, why are the selling prices so far below invoice right now? I have a fairly good understanding of leasing, and with some of the numbers being posted above I can't understand why the c-class board is so quiet.
 
Thanks for the help!
#68 of 599
Re: C230 Sport Lease [prl] by rnyc
Jul 21, 2006 (8:49 am)
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Replying to: prl (Jul 20, 2006 9:52 pm)

Thanks again for your input. Yeah ..I will lease it for 27 months. I will have an option to upgrade or lease another car later. Yup, I live in NYC but the quote i mentioned above, I got it from MB New Jercy and another private dealer. I never contacted MB manhattan, i probably say the quote will be higher. Are there any cons in leasing from another state? it shouldn't be right? I think we can service the car any MB center. I need to find all these details when i go for test drive and signing the lease. Before i was considering BMW or Infinity FX. Now with these terms i will go with MB.
#69 of 599
Re: Mercedes-Benz C-Class: Lease Questions [Car_man] by casla
Jul 24, 2006 (6:40 pm)
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Replying to: Car_man (Aug 31, 2005 3:54 pm)

Car man:
 
I am looking at leasing a 2006 C-Class 230 (automatic, cd-changer and sunroof) MSRP 33,575 (negotiated price $30,077). Its a 39 month lease, $2,500 down, 15,000 miles at $415 a month (plus 8.25% tax). Money factor is 000.28 and the residual is $19,809. Is this a good deal?
 
I can purchase it for $559 a month tax included (with $3,000 down at 5.9 interest rate). Its only $100 more a month. Is the lease worth it? assuming I can keep the car for say 5 years?
 
thanks
#70 of 599
Re: Mercedes-Benz C-Class: Lease Questions [casla] by sjl2
Jul 24, 2006 (9:15 pm)
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Replying to: casla (Jul 24, 2006 6:40 pm)

casla,
I just leased a similar C230 last week(Post #62). You should check your lease numbers because they do not seem to add up and your monthly payment should be lower.
1. The money factor should be .0024 instead of .0028 through MB if you have Tier 1 credit.
2. You can calculate your monthly payment on Leaseguide.com very easily.
3.You need to figure out what your $2500 down encompasses. MB's acquisition fee is $795. Reg/lic fees should be $300-350. My dealer fees were $73. The remainder of your $2500 should be cap cost reduction lowering your monthly payment.
4. The residual rate through MB Finance on their current lease special seems artificially high which means you can save significant $ on a lease.
#71 of 599
RENT CHARGES by casla
Jul 24, 2006 (9:17 pm)
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Car man:
 
Following up on my lease question, I requested the dealer for a copy of the proposed lease and noticed that in calculating the lease payments the dealer added an amount of $5,495 as "Rent Charges". I know is a pretty high number, since I am leasing an X3 BMW and the amount added as Rent Charges was only $2,800. Do you have any advise or comments regarding this? Thanks

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