Opinion on C300 Sport Lease Offer
Thread Starter
Newbie
Joined: Sep 2007
Posts: 6
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2009 Dodge Ram Crew 4X4, 2008 C300 Sport
Opinion on C300 Sport Lease Offer
MSRP 34800 (Automatic, Premium 1 package)
Price Quoted 34500
Term - 39 months
Mileage - 15,000 per year
MF .00315
Residual .61
ACQ fee - 1095.00
Cash - 1000
Taxes - .0675 (due monthly - - included in payment)
Doc fee - 249.00
Total Inital Payment - 1000.00 (includes first payment)
Payment is $599 per month (includes tax)
The only other 2 factors is the trade in of my wifes 2004 CRV owed $14300 and dealer said they would wash out $400 in neg equity in the deal otherwise it's a non factor but did hurt my negotiation on the vehicle price and the fact that they had to ship the car from Michigan to Ohio to get us the color we want (mars red) and the dealer incurred freight costs of $3-500.
Is this a good deal?
Price Quoted 34500
Term - 39 months
Mileage - 15,000 per year
MF .00315
Residual .61
ACQ fee - 1095.00
Cash - 1000
Taxes - .0675 (due monthly - - included in payment)
Doc fee - 249.00
Total Inital Payment - 1000.00 (includes first payment)
Payment is $599 per month (includes tax)
The only other 2 factors is the trade in of my wifes 2004 CRV owed $14300 and dealer said they would wash out $400 in neg equity in the deal otherwise it's a non factor but did hurt my negotiation on the vehicle price and the fact that they had to ship the car from Michigan to Ohio to get us the color we want (mars red) and the dealer incurred freight costs of $3-500.
Is this a good deal?
Newbie
Joined: Sep 2007
Posts: 4
Likes: 0
From: Loves Park, IL
2008 C350 Sport
Please send me an email with the specs you are looking for. I will take care of it.
thayes@napleton.com
thayes@napleton.com
Out Of Control!!
Joined: Aug 2004
Posts: 10,574
Likes: 2
From: Silicon Valley, CA
1999 C280 Previous / 2008 E350
MSRP 34800 (Automatic, Premium 1 package)
Price Quoted 34500
Term - 39 months
Mileage - 15,000 per year
MF .00315
Residual .61
ACQ fee - 1095.00
Cash - 1000
Taxes - .0675 (due monthly - - included in payment)
Doc fee - 249.00
Total Inital Payment - 1000.00 (includes first payment)
Payment is $599 per month (includes tax)
The only other 2 factors is the trade in of my wifes 2004 CRV owed $14300 and dealer said they would wash out $400 in neg equity in the deal otherwise it's a non factor but did hurt my negotiation on the vehicle price and the fact that they had to ship the car from Michigan to Ohio to get us the color we want (mars red) and the dealer incurred freight costs of $3-500.
Is this a good deal?
Price Quoted 34500
Term - 39 months
Mileage - 15,000 per year
MF .00315
Residual .61
ACQ fee - 1095.00
Cash - 1000
Taxes - .0675 (due monthly - - included in payment)
Doc fee - 249.00
Total Inital Payment - 1000.00 (includes first payment)
Payment is $599 per month (includes tax)
The only other 2 factors is the trade in of my wifes 2004 CRV owed $14300 and dealer said they would wash out $400 in neg equity in the deal otherwise it's a non factor but did hurt my negotiation on the vehicle price and the fact that they had to ship the car from Michigan to Ohio to get us the color we want (mars red) and the dealer incurred freight costs of $3-500.
Is this a good deal?
Thread Starter
Newbie
Joined: Sep 2007
Posts: 6
Likes: 0
2009 Dodge Ram Crew 4X4, 2008 C300 Sport
I had a couple of numbers above off. The Residual is 59% (15K lease) and the MSRP is $34558 (sticker is $35265) and an additional $120 in lisc. fees. With taxes (they are due upfront, not monthly in OH) of $1467 and acq fee added to MSRP for a total cap cost of $37090.
Last edited by garyr; Sep 11, 2007 at 08:23 AM.
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Joined: Jun 2005
Posts: 516
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From: Oakville, ON
'12 ML350
That could be due to two reason: it's a new model in a new model year, so MB and MB Finance can maximize profits; or the C-class could be seen as a volume model where they offer much better terms for purchase finance than leasing.
Audi is notorious even according to insiders for not leasing their cars well, an example given to me was the A3 which apparently really sucks for leasing (which lowers the volume here on the east coast) and great for purchasing (which is apparently why the west coast sells way more of this model).
Interesting demographic difference I thought that east coasters lease more while west coasters buy more - wonder if it's the same reflected in other marques as well?
Audi is notorious even according to insiders for not leasing their cars well, an example given to me was the A3 which apparently really sucks for leasing (which lowers the volume here on the east coast) and great for purchasing (which is apparently why the west coast sells way more of this model).
Interesting demographic difference I thought that east coasters lease more while west coasters buy more - wonder if it's the same reflected in other marques as well?
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