erfan99

Hello all!

I have been lurking on the forums for a while reading up and researching and I wanted to get your input on what you guys think about this leasing deal:

2014 C63 amg sedan
$650/ month with $10,000 down
3 year lease with 10,000 miles
Includes:
Lane tracking package
Limited Slip Differential Lock
Becker MAP Pilot pre-wirintg
Keyless-go
Sunroof


So let me know what you guys think!

PS. I love the amg!! such a godly car!

Lizard

$10,000 down is way too much for a lease.

Autosport7

Anytime you put money down on a lease it is a bad deal.
You will never see that $10k again!
Figure out what the payment is with $0 down take the difference and multiply it by 36. See if it is more or less than $10k. This is another way to tell if it is a bad deal. If it is less than $10k, then putting down $10k is a bad idea.

BrabusNYC

It's sounds like a good deal. I was paying over $900 a month and I put a few K down (taxes first and last month ect)

S14roller

Agree with the others...

Have you considered picking up a used one? Think of it this way, you buy one for say, $40K...1 yr later how much would that have dropped? A few K if that?

The scenario above is $18K gone in the same time frame.

abcut973

Without knowing the residual/money factor on this deal I would say putting $10k down is already a bad deal !lol!
Usually dealers tend to mark up the money factor and/or acquisition fee. So ask for the details on this lease before signing even if the monthly payment is attractive.

Autosport7

Money factor on MB is never good. Residuals suck, that is why so many lease them and turn them in. The buy out is always astronomical.
MB holds good resale value so they can afford to do this. Having said that, they also provide great lease incentives to keep you in MB. Once you lease with MB they make it so hard to say no next time around.


The $10K is gone no matter if you turn in, or you decide to buy it out. It just drops the payment that's it. The buyout is still the buy out.
Having said that, if you put $10k down on a purchase (opposed to lease) then the $10K drops payment and the owner takes advantage of the $10K put down as it is vested in the car. It is then considered value in equity.
Kinda 101 but just in case some didn't quite understand it.

equetefue

I would look into Security deposits if they want cash.

-Marlin-

Housing and cars, I put as little down as possible. Too many variables outside of your control to make that cash disappear faster than chips at a roulette table.

jcfay

I'm confused, doesn't more down reduce risk or variables? You've automatically got less to finance, and that's where I see risk. What am I missing here? Just curious. Or is this just specific to car leases?

KG29

Very good topic, can someone please explain why MB wants a down payment of $5500 usually if putting money down is bad.

I've built a few cars on both sites in Canada & USA and on the payment calculator they require that.

I understand bad credit giving money down, but if the person has 100% great credit it should be (0) down.

Autosport7

You don't have to.

I don't mind putting cash down on a house as that is immediate equity (in most cases).
Other than the fact that money is so cheap why tie up your own funds when you use the banks. Money is damn near free right now.