did i get ripped off on my lease?
Thread Starter
Newbie
Joined: Jul 2005
Posts: 2
Likes: 0
did i get ripped off on my lease?
I use to think that buying a car was cheaper (thanks to my dad) so i bought my first car (01 blk/blk c320) and my warranty just ended so i decided to trade it in and get a new car.
On July 31st I shopped around a bit and i decided to get a c230 sedan pewter/ash with bi-xenons and sunroof. The msrp was 35,000 i beleive. The deal i got was 39 month lease, $360 a month (with tax) and $4,000 down. They gave me $18,000 for my car even though kelly blue book trade in value was $20,000. So what do you think of the deal I got?
Only after leasing the car they told me mercedes doesnt cover service a and b costs and asked me if i wanted my services to be payed for for an extra $35 but I thought it would be better to just pay for the oil changes every 12,000 miles and not worry about the services too much since its a lease anyways.
I'd appreciate any feedback you guys can give me on the deal I got. Also, are the services really that necessary? the salesman who sold me the car said that if i just pay for the oil changes ever 12,000 miles I should be good since its a lease.
On July 31st I shopped around a bit and i decided to get a c230 sedan pewter/ash with bi-xenons and sunroof. The msrp was 35,000 i beleive. The deal i got was 39 month lease, $360 a month (with tax) and $4,000 down. They gave me $18,000 for my car even though kelly blue book trade in value was $20,000. So what do you think of the deal I got?
Only after leasing the car they told me mercedes doesnt cover service a and b costs and asked me if i wanted my services to be payed for for an extra $35 but I thought it would be better to just pay for the oil changes every 12,000 miles and not worry about the services too much since its a lease anyways.
I'd appreciate any feedback you guys can give me on the deal I got. Also, are the services really that necessary? the salesman who sold me the car said that if i just pay for the oil changes ever 12,000 miles I should be good since its a lease.
Senior Member
Joined: Nov 2004
Posts: 305
Likes: 0
From: Riverside, CA
your lease sounds fair to me. $360 out the door aint bad. Some have gotten better, some have gotten worse.
the trade in lower then blue book is typical. dealers are not out to help you, there out to make money.
the trade in lower then blue book is typical. dealers are not out to help you, there out to make money.
MBWorld Fanatic!
Joined: Nov 2003
Posts: 2,481
Likes: 1
From: Northern VA
06 325i
Originally Posted by myaskov
I use to think that buying a car was cheaper (thanks to my dad) so i bought my first car (01 blk/blk c320) and my warranty just ended so i decided to trade it in and get a new car.
On July 31st I shopped around a bit and i decided to get a c230 sedan pewter/ash with bi-xenons and sunroof. The msrp was 35,000 i beleive. The deal i got was 39 month lease, $360 a month (with tax) and $4,000 down. They gave me $18,000 for my car even though kelly blue book trade in value was $20,000. So what do you think of the deal I got?
Only after leasing the car they told me mercedes doesnt cover service a and b costs and asked me if i wanted my services to be payed for for an extra $35 but I thought it would be better to just pay for the oil changes every 12,000 miles and not worry about the services too much since its a lease anyways.
I'd appreciate any feedback you guys can give me on the deal I got. Also, are the services really that necessary? the salesman who sold me the car said that if i just pay for the oil changes ever 12,000 miles I should be good since its a lease.
On July 31st I shopped around a bit and i decided to get a c230 sedan pewter/ash with bi-xenons and sunroof. The msrp was 35,000 i beleive. The deal i got was 39 month lease, $360 a month (with tax) and $4,000 down. They gave me $18,000 for my car even though kelly blue book trade in value was $20,000. So what do you think of the deal I got?
Only after leasing the car they told me mercedes doesnt cover service a and b costs and asked me if i wanted my services to be payed for for an extra $35 but I thought it would be better to just pay for the oil changes every 12,000 miles and not worry about the services too much since its a lease anyways.
I'd appreciate any feedback you guys can give me on the deal I got. Also, are the services really that necessary? the salesman who sold me the car said that if i just pay for the oil changes ever 12,000 miles I should be good since its a lease.
I was about to do get that deal also, but I ordered an E90 instead :p
Last edited by victor20170; Aug 1, 2005 at 12:41 PM.
Member
Joined: May 2005
Posts: 149
Likes: 0
2005 C230K
Maybe I just don't understand leases, but to me it sounds more like your getting close to buying the car not leasing it. Ok lets see:
35,000 - 18,000 = 17,000
msrp trade
17,000 - 4,000 = 13,000
down
360 x 39 = 14,040
13,000 - 14,040 = negative
Could someone help me out. I dont really understand leases....is this how they usually work?
35,000 - 18,000 = 17,000
msrp trade
17,000 - 4,000 = 13,000
down
360 x 39 = 14,040
13,000 - 14,040 = negative
Could someone help me out. I dont really understand leases....is this how they usually work?
Super Member
Joined: Feb 2003
Posts: 694
Likes: 0
From: Long Island, NY
08' BMW E92 Coupe
Originally Posted by Humbucker87
Maybe I just don't understand leases, but to me it sounds more like your getting close to buying the car not leasing it. Ok lets see:
35,000 - 18,000 = 17,000
msrp trade
17,000 - 4,000 = 13,000
down
360 x 39 = 14,040
13,000 - 14,040 = negative
Could someone help me out. I dont really understand leases....is this how they usually work?
35,000 - 18,000 = 17,000
msrp trade
17,000 - 4,000 = 13,000
down
360 x 39 = 14,040
13,000 - 14,040 = negative
Could someone help me out. I dont really understand leases....is this how they usually work?
Super Member
Joined: Feb 2003
Posts: 694
Likes: 0
From: Long Island, NY
08' BMW E92 Coupe
Originally Posted by victor20170
I was about to do get that deal also, but I ordered an E90 instead :p
Trending Topics
Almost a Member!
Joined: May 2005
Posts: 44
Likes: 0
From: New England
2005 230 Sport Sedan, Brilliant Silver, 6 Spd, Heated Seats, Sunroof, CDC, Flat Emblem, Clear Sides,
$360 per month sounds reasonable, depending on how many miles a year did you get on the lease? did you put $4000 down in cash i.e. or did they show you $2k for your trade (the variance of what you still owed on the car vs. the present value), and you came up with $2k out of pocket?
MB World Stories
The Best of Mercedes & AMG
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
10 Most Reliable Mercedes-Benz Models You Can Buy Used
Verdad Gallardo
Senior Member
Joined: May 2005
Posts: 331
Likes: 0
From: Philadelphia
05 C230wz 6M
Originally Posted by mbny
not at all. it doesn't make sense? what happened to your $18k trade in? u sure your leasing and not financing? your total lease should be less than $18k.
Anyway, to address the first poster, it sounds about right, especially if you are outside California. East coast discounts are nowhere near as deep.
Enjoy.
Super Member
Joined: Feb 2003
Posts: 694
Likes: 0
From: Long Island, NY
08' BMW E92 Coupe
Originally Posted by delbomber
I'm pretty sure he owed money on his previous car, so the dealer just squared away that loan, leaving the price of the new car unaffected (unless he owed more than 18k--was "upside-down" as some like to say--in which case the money he put down went at least partially towards settling his loan).
Anyway, to address the first poster, it sounds about right, especially if you are outside California. East coast discounts are nowhere near as deep.
Enjoy.
Anyway, to address the first poster, it sounds about right, especially if you are outside California. East coast discounts are nowhere near as deep.
Enjoy.
back to topic, your numbers sound about right then. i'm alittle more per month than you but shelled out alittle less out of pocket and took 15k miles per year.
Super Member
Joined: Jan 2005
Posts: 832
Likes: 0
From: Los Angeles
C 230K Coupé
The lease sounds fair to me, cept i can't figure out what happend with the 18k trade in. Seems like they just took it. Unless it wasn't paid off already. And how many month is this lease?
Thread Starter
Newbie
Joined: Jul 2005
Posts: 2
Likes: 0
sorry i forgot to say that i still owed $15,000 on the car so i got to keep $3,000 so i put out another $1,000 out of my pocket to cover the down payment. I'm kinda pissed though because i wanted black/black and they didnt have it but today bh benz called me and they told me they could give me $340 a month with 4000 down on the same car as i bought except black on black and without the bixenons but i guess i cant end do anything anymore since the deal is done, right?
Two more questions guys, thanks a lot you've been a big help!
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
Two more questions guys, thanks a lot you've been a big help!
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
MBWorld Fanatic!
Joined: Jun 2003
Posts: 9,498
Likes: 4
From: San Diego, CA & San Jose, Costa Rica & Stuttgart, Germany
1959 220S / 1979 230 G / 2002 A210 AMG / 2003 C320 SC / 2004.5 C320 SS / 2005 ML350 SE / 2008 smart
Originally Posted by myaskov
Two more questions guys, thanks a lot you've been a big help!
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
I'm sure someone is going to spoil you anyway and give you the answers,
but that way, you'll never learn to search the forum.
Others will just flame you for not searching. At least i'm being nice about it.
and no it didn't take me more time to write this, than to give him the answers to his questions.
Senior Member
Joined: May 2005
Posts: 466
Likes: 0
From: mars
bike
Originally Posted by myaskov
sorry i forgot to say that i still owed $15,000 on the car so i got to keep $3,000 so i put out another $1,000 out of my pocket to cover the down payment. I'm kinda pissed though because i wanted black/black and they didnt have it but today bh benz called me and they told me they could give me $340 a month with 4000 down on the same car as i bought except black on black and without the bixenons but i guess i cant end do anything anymore since the deal is done, right?
Two more questions guys, thanks a lot you've been a big help!
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
Two more questions guys, thanks a lot you've been a big help!
1) Can i use regular gas instead of premium in my car or will it mess up the engine or something during the three years that im driving it?
2) Whats a good place to go to get tints done in the LA area?
Photoshop it!
Senior Member
Joined: Nov 2004
Posts: 305
Likes: 0
From: Riverside, CA
Originally Posted by myaskov
I'm kinda pissed though because i wanted black/black and they didnt have it but today bh benz called me and they told me they could give me $340 a month with 4000 down on the same car as i bought except black on black and without the bixenons but i guess i cant end do anything anymore since the deal is done, right?
?
?
Member
Joined: Feb 2005
Posts: 76
Likes: 0
w203 coupe 05
the lease didnt rip you off. but the trade-in did.
that's how it works.
sell your car to some other dealer. they might
give you more.
and then come back and lease the car at that
price. see if they give you dat.
that's how it works.
sell your car to some other dealer. they might
give you more.
and then come back and lease the car at that
price. see if they give you dat.
