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You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#69 of 1671 Re: Mercedes-Benz C-Class: Lease Questions [Car_man]
Jul 24, 2006 (7:40 pm)
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?
#70 of 1671 Re: Mercedes-Benz C-Class: Lease Questions [casla]
Jul 24, 2006 (10:15 pm)
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 1671 RENT CHARGES
Jul 24, 2006 (10:17 pm)
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
#72 of 1671 Re: Mercedes-Benz C-Class: Lease Questions [sjl2]
Jul 24, 2006 (11:18 pm)
Thanks sjl2. I am Tier one. Its seems I should get the 0024 MF. The 2500 DP covers 1st month (447); 400 Doc fee; 490 License fees; and registration and taxes $22. I guess I am getting killed with these Rent Charges (see post 71). How much is your disposition fee? $595?
#73 of 1671 Re: Mercedes-Benz C-Class: Lease Questions [casla]
Jul 25, 2006 (9:21 am)
Rent charges are purely a function of the money factor, selling price and length of lease. If you lower the money factor to .0024 the rent charges will decrease as will your monthly payments by $20+/mo. Your X3 must have a very low money factor or short lease term.
What is your dealer doing for that $400 doc fee, many dealers will only charge $45 for doc fees. You should also know exactly how much of your $2500 is going toward reducing the cap cost of your car as opposed to fees,etc.
I believe MB's standard dispo fee is $595.
#74 of 1671 Re: Mercedes-Benz C-Class: Lease Questions [sjl2]
Jul 25, 2006 (9:47 am)
Thanks for your help. My cap reduction cost is $1143.71. The residual is %58. Is this what it should be? I thought MB was using 61%. Dealer is not doing much with the doc fees, but will ask again.
#75 of 1671 Leased
Jul 25, 2006 (11:37 am)
I leased 2006 C-230, Auto, Sunroof, and CD Changer over the weekend in Los Angeles area.
Total drive off: $2500
27 months, 15 K per year
$375 / month, including tax.
I'm not sure about the money factor, but the residual was 68%.
I leased Acura before, and there didn't have any depo fees. I was bummed out about $600 depo fee.
I think I got a good deal. What do you guys think?
#76 of 1671 Mercedes C-230 lease question
Jul 25, 2006 (3:44 pm)
I have an offer for a C230 - sunroof package - DVD navigation - 6-disc CD changer
The deal is: 27 month lease - 12K miles a year - $2000 down (includes lease acquisition fees and taxes) - $360 per month.
Is this a good deal?
#77 of 1671 Re: Mercedes C-230 lease question [slbabogado]
Jul 26, 2006 (5:44 am)
At first glance, that seems good! To give you a better answer though, and for my personal edification, would you share the money factor, residual, MSRP and selling price you got on the car? Thanks for your help!
#78 of 1671 C-280 Lease question
Jul 31, 2006 (8:34 am)
I currently have the following offer on the table.
2006 C-280 Luxury Sedan
4 Matic transmission
6 CD Changer
27/mo 10k miles
They are asking for $3,050 down and $450 a month including taxes.
What do you guys think, your prompt response is appreciated.