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Mercedes-Benz CLK-Class Lease Questions

105 messages,  Last post on May 05, 2008 at 2:16 PM

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What is this discussion about? Mercedes-Benz CLK-Class, Car Leasing, Coupe, Convertible


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#89 of 105
HELP!! by mpac
Mar 28, 2008 (8:48 am)
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Good morning car man, or anyone else who knows the answers:
 
I am interested in leasing an 08 mercedes convertible, I am going through the mercedes dealership, Fort Worth Tx ,and will be using mercedes financial.
 
I have been approved for a Tier 2 lease program with a money factor of .00280.
 
After reading many other questions on this topic, I feel like they are giving me a terrible offer.
 
For a 39 month lease with $6000 down 12K miles monthly pymt of $828.00
For a 39 month lease with $1200 down (which includes 1st and fees) 12K miles, monthly pymt of $967 month.
 
MSRP 61,000
Cash price of vehicle (discount) 56505.00
Cap Reduction cost -waiting to hear from dealership
Residual cost-waiting to hear from dealership
Sales tax 6.25%
 
Please help me!!!! I need advice
 
Also my credit score is 635, they state that to get a tier 2 lease you have to have a 680 score of higher. However, I purchased a 03 clk convertible from same dealership with excellent payment history, so they will bump me to a tier 2.
This doesn't sound right!!!
 
Please advise
 
Thank you so much
#90 of 105
Re: HELP!! [mpac] by bill124
Mar 28, 2008 (9:49 am)
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Replying to: mpac (Mar 28, 2008 8:48 am)

Based on some of the stuff I saw earlier, it sure looks like you are getting beat up but I have a question. If the MSRP is 61,000 and cash price is 56,505, is that a discount they gave you from the msrp used for calculating sales tax and then you add sales tax for determining cap cost?
#95 of 105
CLK 350 Lease Question. by hroark10
May 01, 2008 (1:28 pm)
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looking into leasing a 2008 CLK350 Coupe for 27 months. I would like to know approx. initial total payment outright and what I can negotiate. I live on Long Island NY.
 
list price : $ 50,535
Monthly: $489
Lease: 27 Months
Payment based on 1st month, bank fee and taxes due at signing, plus customer cap cost reduction of $3500.
 
Any help with total upfront cost and negotiation greatly appreciated. Christian
#96 of 105
Re: CLK 350 Lease Question. [hroark10] by bill124
May 01, 2008 (3:04 pm)
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Replying to: hroark10 (May 01, 2008 1:28 pm)

Where in Long Island are you? I live in Nassau County and did the Long Island thing for a convertible but a particular color combination and wound up at White Plains with John Tutino (great guy). Tried Catena, Rallye, Smithtown, Lakeview, etc. and he was best and they have a lot of cars, which surprised me (but can't tell that online). Anyway, you should be able to knock several thousand off the sticker WITHOUT having to pay cap cost reduction in this market. My payments for the 2008 are $100 per month less than for my 2005 because rates are lower and they took more off the sticker for purposes of the cap cost. Find out what they are doing for you as the sale price on the car for purposes of the lease. You also need to know they money factor they are using and then make sure that's the current rate for someone of your credit quality. Also get residual percentage.
#97 of 105
Re: CLK 350 Lease Question. [bill124] by hroark10
May 01, 2008 (3:49 pm)
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Replying to: bill124 (May 01, 2008 3:04 pm)

I live in Suffolk County and looking into Smithtown. My credit rating has to be Tier I as my credit score is tops. I'm looking for a black Coupe which shouldn't be that difficult I would think. Was this for a 27 month lease though? I hear that can make costs different. I could most certainly be wrong though. Any suggestions?
#98 of 105
Re: CLK 350 Lease Question. [hroark10] by bill124
May 01, 2008 (4:00 pm)
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Replying to: hroark10 (May 01, 2008 3:49 pm)

They were happy to give me 27 or 39. Either one was fine for price/cap cost of car. Residual changed but that's it, I think. For me, 39 better because I don't want to have to go through it again in 27 months, even though styling changes for '09. That's what I think is driving desire to move cars -- that plus bad economy generally.

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