good deal????
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Joined: Mar 2004
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good deal????
Hey i was offerd this deak by a local MB Dealer....Should i take it?
$320/mo 48 mos. $2k down (including upfront fees tax, title, etc)
10.000 miles a year for a C230 Kompressor Sport sedan
Heated seats, 6 cd player, moon roof, auto dim rear view, automatic shift. They will also take my 98 explorer and wash me out of it completly....98 eddie bauer with 63k miles....Please help me out here!
$320/mo 48 mos. $2k down (including upfront fees tax, title, etc)
10.000 miles a year for a C230 Kompressor Sport sedan
Heated seats, 6 cd player, moon roof, auto dim rear view, automatic shift. They will also take my 98 explorer and wash me out of it completly....98 eddie bauer with 63k miles....Please help me out here!
Member
Joined: Nov 2003
Posts: 180
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From: Macon, Georgia
Black C 240
Get the latest Wall Street Journal...they had a similar add in there for a C230 lease and I want to say it was slightly better....? But buy one and see....big full page add by MB on these for lease....must be a promotion going on.
JBC
JBC
Member
Joined: Mar 2004
Posts: 78
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Here is the best advice anyone can ever give you!
Do yourself a huge favor and don’t lease it or buy it until you’ve read this:
http://www.carbuyingtips.com/lease.h...tky3&y=0x40x40
http://www.leasetips.com/secret.htm
Happy hunting!
Do yourself a huge favor and don’t lease it or buy it until you’ve read this:
http://www.carbuyingtips.com/lease.h...tky3&y=0x40x40
http://www.leasetips.com/secret.htm
Happy hunting!
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
Likes: 1
From: Obama Land
K Car
Re: good deal????
Originally posted by itzperch
Hey i was offerd this deak by a local MB Dealer....Should i take it?
$320/mo 48 mos. $2k down (including upfront fees tax, title, etc)
10.000 miles a year for a C230 Kompressor Sport sedan
Heated seats, 6 cd player, moon roof, auto dim rear view, automatic shift. They will also take my 98 explorer and wash me out of it completly....98 eddie bauer with 63k miles....Please help me out here!
Hey i was offerd this deak by a local MB Dealer....Should i take it?
$320/mo 48 mos. $2k down (including upfront fees tax, title, etc)
10.000 miles a year for a C230 Kompressor Sport sedan
Heated seats, 6 cd player, moon roof, auto dim rear view, automatic shift. They will also take my 98 explorer and wash me out of it completly....98 eddie bauer with 63k miles....Please help me out here!
Is this a Lease, or are you financing?
What condition is the Explorer in? Do you own it out-right?
What is the trade in value of the Explorer? You can use www.kbb.com for this.
What is the cost of tax and title where you are?
Once you get this info, figure out what the MSRP for the MB is, plus or minus your trade in, minus what's left over from tax and title. This is what you would be financing. Do the same thing with the Invoice for the car.
Take that amount and check out some loan rates (APRs).
You should be able to figure out if it's a good deal.
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
Likes: 1
From: Obama Land
K Car
Ok, using MBUSA, I went to "Build your own" and built a C230 sedan using your info: I selected the options of Auto, CD Player, Heated Seats, and the sunroof pkg #324. Total MSRP with option comes to $34,720. On the Lease page with $2000 down on a 48 month lease with 10,000 miles per year, it gave me a payment of $517 per month.
Assuming that leasing through MB is probably on the high side, you can probably knock off about $100 from here, so let's say $417.
Now if you can get the car below MSRP (which you should be able to do): Let's knock the price down to $30,640, MBUSA still gives me a lease rate of $452. Again, if this is on the high side, let's call it $352.
Considering that part of you $2000 down will cover tax and title, plus you will be upside down a bit on the Explorer (trade in value is much lower than private party value), then I would say YES, the deal that you are being offered sounds like a good deal.
Assuming that leasing through MB is probably on the high side, you can probably knock off about $100 from here, so let's say $417.
Now if you can get the car below MSRP (which you should be able to do): Let's knock the price down to $30,640, MBUSA still gives me a lease rate of $452. Again, if this is on the high side, let's call it $352.
Considering that part of you $2000 down will cover tax and title, plus you will be upside down a bit on the Explorer (trade in value is much lower than private party value), then I would say YES, the deal that you are being offered sounds like a good deal.
