Last post on Dec 10, 2013 at 5:17 PM
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Mercedes-Benz C-Class, Car Leasing, Hatchback, Sedan, Wagon
#890 of 2001 Re: 2011 Mercedes C-300 Sport March 2011 lease rate [lahinch101]
Mar 15, 2011 (5:24 pm)
No. Go out and buy a 2008 C300 sport,45,000 miles, same car, for $23,000, add an extended warranty for $3000, total 26,000. You are paying $19,180 to lease the new one, and you have nothing in three years. Sell the 2008 C class in three years, get about $16,000 for it, sell the remainder of the extended warranty back to Mercedes for around $800, and you get $16,800 in three years. You ended up spending only $9200 dollars to drive the 2008 C class for three years, ($26,000 minus the $16,800=$9200),same car, same look, same warranty, for $10,000 cheaper, also cheaper insurance! (This assumes a low interest rate on purchase) Just a thought, can save a lot of $$$ for the same vehicle!
If you still want to lease, get the payment from $532 to about $470, that is about $3000 off the MSRP, Mercedes has a lot more room than most manufactuers. ($20 every $1000 lease, $30 every $1000 purchase typically a month) .
Mar 15, 2011 (5:41 pm)
They are giving you that numer based off of full MSRP, make them come down about three grand, do not lease that car for over $500 a month!!!! Most definety can be under $500 !
#892 of 2001 Re: Leasing [ardentaras]
Mar 15, 2011 (6:13 pm)
Mostly good advice. Except the residual is based as a percent of MSRP, not the buying price, and is set by the bank or leasing company. It is not negotiable. So doing research into what a 3 year old one is worth won't really help. Odds are good no one will beat MBCC's residuals. Or money factor if it's their promotional buy rate. And 39 month leases don't make the dealer any more money. It uses the same residual as a 36 month lease, so the cap cost is stretched over 3 more months which results in lower payments.
Also, if you would like, I can send you a picture of my son's E Class up on blocks after someone stole his wheels and tires. A set of wheel locks would have prevented that and saved a lot of hassle. For less than $100.
#893 of 2001 Re: c63 lease rates [Car_man]
Mar 16, 2011 (6:24 am)
How would the money factor be impacted by lower miles per year?
If the miles per year were 10K instead of 15K in the example above, would the money factor change significantly or just the residual?
Thanks in advance.
#894 of 2001 Re: c63 lease rates [jamie42]
Mar 16, 2011 (8:44 am)
The money factor is not dependent upon usage and so it's not impacted at all. Only the residual is impacted and is adjusted to reflect annual usage that is different than the standard annual mileage usage established by your fund provider.
#895 of 2001 Re: c63 lease rates [delta737h]
Mar 16, 2011 (10:23 am)
So, I'm looking at taking over a friends lease for a 2011 C300w Sport with P1 package, navigation, AMG wheels and 4Matic.
He has it for $375/month for another 2 years with 17k miles left on the lease. MSRP was $43,765, residual is $31k or so.
I'm wondering if this is a really solid deal based on others experiences. From what I can see online, it seems to be but I want to be sure as I've never leased before, but really like the car. I think the residual is likely a bit high, and I would quite likely be interested in buying at the end of the lease, so have some concern there. Friend is relocating internationally for work so this is why he's letting it go.
#896 of 2001 Re: 2011 Mercedes C-300 Sport March 2011 lease rate [lahinch101]
Mar 30, 2011 (3:55 pm)
Hi lahinch101. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 30 month lease of a 2011 C300 Sport with 15,000 miles per year are .00109 and 61%, respectively for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
Apr 01, 2011 (12:30 pm)
I'm a returning MB lease holder looking to roll into a 2011 C300. C300 Luxury with P1 and multimedia and heated seats. list 44200, net cost of 40200, plus ACQ fee etc. for a Cap. cost of 41353. Quoted 63% and .00129 on 33months with 15K with 7% sales tax. 1800 out the door cash. The numbers don't come out right when I use an online calculator. 63% seems too high for a 15k mile lease? Anyone know the residual and MF for April?
Apr 01, 2011 (11:54 pm)
I went to my Pittsburgh MB dealer on March 30 and was interested in leasing a new C-class that is being built now and shipped on April 5. I was told that I could not get the $2000 customer loyalty rebate because the car was not here and that they had no idea if they would be extending the loyalty program into April. Well, April is here and the rebate is gone. I am now so irritated that I think I will go back to BMW! Was I handed a line of BS???? It makes no sense to me since none of the ads said anything about the car having to be in stock or in the USA.
#899 of 2001 Re: April lease [gwynters]
Apr 03, 2011 (1:04 pm)
Hi gwynters. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 33 month lease of a 2011 C300 Luxury with 15,000 miles per year are .00109 and 61%, respectively for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum