Last post on Dec 02, 2013 at 1:32 PM
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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#800 of 1997 Re: 2011 C300 [marzsh1]
Sep 04, 2010 (1:00 am)
Yup, the residual factor is 71% (28,656/40,360). However, the money factor is not zero. The money factor is about...
(369 - 37,149 / 27 + 28,656 / 27) / (37,149 + 28,656) = 0.00082736...
Because dollar amounts are likely rounded, it's a fairly safe bet that the actual money factor is 0.00083 (same for the sport sedan). Also, note the following from the Ad...
MSRP = 40,360
Selling price = 38,626
Gross Cap = 38,626
Cap reduction = 1,477
Adjusted Cap = 37,149
Residual Value = 71% x 40,360 = 28,656
Term = 27
Money Factor = 0.00083
Payment = 369
Annual Mileage Allowance = 10K
Amounts Due at Signing...
1st Month's Pasyment = 369
Cap Reduction = 1,477
Acq Fee = 795
TOTAL DUE = 2,641
Amounts Due at Lease End....
Disposition Fee = 595
Also, excess/wear tear + applicable taxes apply.
Here's the Ad...
C300 4MATIC Sport Sedan
LEASE$369/mo for 27 months
Available only to qualified customers through Mercedes-Benz Financial at participating dealers through September 30, 2010. Not everyone will qualify. Advertised 27 months lease payment based on MSRP of $40,360 less the suggested dealer contribution resulting in a total gross capitalized cost of $38,626. Dealer contribution may vary and could affect your actual lease payment. Includes Destination Charge and Premium 1 Package. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $9,963. Cash due at signing includes $1,477 capitalized cost reduction, $795 acquisition fee and first month´s lease payment of $369. No security deposit required. Total payments equal $12,235. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 22,500 miles, and $595 vehicle turn-in fee. Purchase option at lease end for $28,656 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Subject to credit approval.
Everyone should realize that the sell price of 38,626 is negotiable. In addition, a cap reduction is not mandatory.
A NOTE ON CAP REDUCTIONS...
I do not advise making a cash down payment (i.e., cash cap reduction). A car is a depreciating asset and is purchased for consumption; and so, it's an expense and not an investment. No savvy investor would ever invest in stock that they know will depreciate or lose value over time. Also, if the vehicle is lost or stolen and never recovered, the insurance carrier will only pay ACV (actual cash value or est. market value). If your lease balance exceeds the ACV (called the GAP), your GAP protection will cover the difference. This GAP narrows the larger the down payment. Large down payments can cause the ACV to exceed the lease balance (negative GAP). In such cases, you necessarily risk losing part or all of your cap reduction if your car is totaled or stolen but never recovered.
If the GAP equals or exceeds 0, then you owe nothing and receive nothing. However, you've lost your entire cap reduction or dp (down payment). The insurance company will pay the fund provider the ACV and the GAP carrier
will pay the fund provider the difference between the amount owed (lease or loan balance) and the ACV. And so, the fund provider doesn't lose; you do!
If GAP < 0, then you'll receive, from the fund provider, the difference between the ACV and the lease balance or loan balance less any transaction costs incurred by the fund provider. However, this may not be sufficient to cover your cap reduction or dp. In which case, you would lose the difference. The only thing the fund provider wants is the outstanding balance owed plus any transaction costs. You, of course, get whatever remains (the scraps so to speak). One other thing... never buy GAP insurance from a dealer if the fund provider doesn't offer it in their lease contract, or provides it at additional charge, because the cost is inflated by about 1000%! Check with your insurance carrier and, whether you buy or lease, your carrier can attach a GAP rider to your existing insurance policy. The annual cost, as a rule of thumb, is roughly 0.10% of the vehicle's MSRP. So, if the MSRP is $49,590, then your annual GAP premium is roughly... 0.10% x $49,590 or about $50 annually. John
#801 of 1997 2010 C300 Sport / Luxury 4Matic Lease Rates?
Sep 07, 2010 (1:48 pm)
Could you please advise of the September lease rates and residuals for a 36 month / 15,000 miles lease for a 2010 C300 Sport 4Matic and a 2010 C300 Luxury 4Matic? I'm looking to do a deal this month.
Thanks so much in advance!!
#803 of 1997 Re: 2010 C300 Sport / Luxury 4Matic Lease Rates? [bcvc71_li]
Sep 19, 2010 (10:53 am)
I'd like to know this rate as well. Any idea what the rate on the 27 month advertised lease would be for 15k miles per year?
#804 of 1997 Re: C300 4matic sport lease [rolzoner28]
Sep 19, 2010 (11:04 am)
How are you getting the sales price so low? Isn't there only $4300 in marketing support. If you took the invoice price of this car less the 4300 you would still end up at a higher price. Is there another discount I don't know about?
#805 of 1997 2011 C300 Sport 4Matic
Sep 22, 2010 (2:53 am)
I know I don't have all the details but I have a quote on a 2011 C300 Sport 4Matic that has the premium package, navigation/command, and AMG wheels. The MSRP is 44,425. They have quoted me a lease of $486.23 including 7% sales tax on the payment each month. This is the 27 month lease with 15K miles and they are including the 3 year service plan. They are giving me $1K more for my trade-in than I owe and I have to pay the first month's payment and two state mandated fees at inception. Does this sound like a good deal?
#806 of 1997 Re: 2011 C300 Sport 4Matic [claweave]
Sep 22, 2010 (10:35 pm)
I think you are getting a very good deal. Do you know the selling price of the car?
#807 of 1997 Re: 2011 C300 Sport 4Matic [marzsh1]
Sep 23, 2010 (6:07 am)
Here is how it breaks down.
Net Selling Price 39,940
Prepaid Maintenance 769
Total Sales Price 40,709
Tire Tax 1.25
Doc Fee 150
Trade-in Equity 300
Cash due at signing $773.95 (1st payment, 1.25 tire tax, $150 doc fee, 15 days of interest on current car which I should get most of it back)
Lease Term 27 months
I am pretty sure they didn't give me the buy rate of .00084 but rather .00125 or something close to that.
Monthly Payment $454.70 + $31.83 sales tax = $486.53
Still sound like a good deal?
#808 of 1997 Re: 2011 C300 [acura_tl]
Sep 24, 2010 (2:11 am)
Hi acura_tl. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2011 C300 Sedan without 4Matic with 15,000 miles per year are .00084 and 57%, respectively for consumers who qualify for its top credit tier.
The numbers for both the Sport and Luxury models are exactly the same.
Prices Paid: Buying & Leasing Experiences Forum
#809 of 1997 Re: One Pay Lease Option Mercedes c300 [mattbogdan]
Sep 24, 2010 (2:15 am)
Hi Matt. A dealer discount of nearly $3,200 plus the use of the available dealer cash is an excellent selling price for a 2010 C300 Sedan.
Prices Paid: Buying & Leasing Experiences Forum