- #95 of 155
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CLK 350 Lease Question.
by hroark10
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May 01, 2008 (12:28 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
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- #96 of 155
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Re: CLK 350 Lease Question. [hroark10]
by bill124
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May 01, 2008 (2:04 pm)
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Replying to: hroark10 (May 01, 2008 12:28 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.
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- #97 of 155
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Re: CLK 350 Lease Question. [bill124]
by hroark10
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May 01, 2008 (2:49 pm)
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Replying to: bill124 (May 01, 2008 2:04 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?
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- #98 of 155
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Re: CLK 350 Lease Question. [hroark10]
by bill124
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May 01, 2008 (3:00 pm)
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Replying to: hroark10 (May 01, 2008 2:49 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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- #99 of 155
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Re: CLK 350 Lease Question. [bill124]
by hroark10
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May 01, 2008 (3:03 pm)
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Replying to: bill124 (May 01, 2008 3:00 pm)
This would be my third car as my wife and I own two others. I figured in 2 years one of them will go and I can end the Mercedes lease and purchased something else. I just contacted White Plains via e-mail and I hope they get back soon. I plan on looking on Saturday. Should I try Smithtown first or go straight to White Plains? Thanks for the help!
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- #102 of 155
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Re: CLK 350 Lease Question. [hroark10]
by bill124
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May 01, 2008 (5:23 pm)
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Sure. I pulled these for you from www.leasecompare.com. They are the April rates and I checked them when I got my car and they were accurate. It's in the forum entitled manufacturer lease rates, mercedes benz lease rates. There are also websites that have lease calculators so you can see if they are screwing around with you.
2008 Mercedes CLK350 Coupe
24 Month – Residual 56% of MSRP – .00005 Base Rate
36 Month – Residual 47% of MSRP – .00050 Base Rate
48 Month – Residual 42% of MSRP – .00050 Base Rate
60 Month – Residual 37% of MSRP – .00320 Base Rate
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- #103 of 155
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Re: CLK 350 Lease Question. [hroark10]
by bill124
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May 02, 2008 (5:36 am)
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Replying to: hroark10 (May 01, 2008 3:03 pm)
You should call this guy John Tutino at White Plains. He actually called me yesterday to ask how i liked the car but even though I picked it up 2 weeks ago then went right on vacation the next day so I have driven it only 2 days and have been too busy to call him back. I too tried the email thing but then called because I didn't want to wait and I got lucky and got him.
Note: Before you take that kind of ride, you should get your pricing in order. It's about 45 minutes from middle of Nassau where I am. We talked and agreed price and only then I went to meet him to see car and put deposit down. When I got there he didn't play any games -- nice and low key and no pressure, not some young guy who is all flash and he knows the cars.
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