How is everybody paying for their new 2008 C class??? Cash? MB Financing? Lease2own?
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MBWorld Fanatic!
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LOADED 08' C350 & 14' GLK-350 Diamond White (P1, MM, AMG Pkg, Ln Trkng, Htd Sts, Keylss Go)
How is everybody paying for their new 2008 C class??? Cash? MB Financing? Lease2own?
How is everybody paying for their new 2008 C class??? Cash? MB Financing? Lease to own?
I have the money to do any of the options to pay but am wondering which way will most likely get me the cheapest price OTD... The dealer told me if I waited and ordered, it would be "VERY" possible that I could get my target price of $4685 off MSRP...
I am planning on owning this car since I don't own a business to write off the lease...
My car arrived today at the dealer and he said they are detailing it and it should be ready Friday for pickup...
Also, so I have to pay, tax, tags, the advertising fee... any other fees out there that might come up on the invoice at the end??? I am trying to become as educated as I can so I don't get tricked by a dealer throwing on some BS fee...
Thanks in advance for your answers!
I have the money to do any of the options to pay but am wondering which way will most likely get me the cheapest price OTD... The dealer told me if I waited and ordered, it would be "VERY" possible that I could get my target price of $4685 off MSRP...
I am planning on owning this car since I don't own a business to write off the lease...
My car arrived today at the dealer and he said they are detailing it and it should be ready Friday for pickup...
Also, so I have to pay, tax, tags, the advertising fee... any other fees out there that might come up on the invoice at the end??? I am trying to become as educated as I can so I don't get tricked by a dealer throwing on some BS fee...
Thanks in advance for your answers!
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Joined: Sep 2007
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From: Colorado
2008 C350 Sport, 2007 ML320 CDI
I'm leasing mine. I get new car fever every 2-3 years, so it's cheaper for me to lease.
I'm probably going to use leasecompare.com unless I can use their quote to get an equally good deal out of Mercedes financial. For my local area, there were two banks that quoted lease rates that were significantly cheaper that MB's rates. I'm a bit nervous about going through a service like this, but it seems to have received some good reviews from people who have used it before. We'll see...
I'm probably going to use leasecompare.com unless I can use their quote to get an equally good deal out of Mercedes financial. For my local area, there were two banks that quoted lease rates that were significantly cheaper that MB's rates. I'm a bit nervous about going through a service like this, but it seems to have received some good reviews from people who have used it before. We'll see...
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From: Essex County, NJ
2011 E350 Sport 4Matic - P2 & Drivers Assist / 2010 C300 Sport 4Matic - P2 / 2013 Porsche Cayenne S
I like to lease. New car every 3 years. If I own a car I like to sell it before it turns 5 anyway. Leasing seams to be cheaper and also less hassle. My only complaint about MB Financial is it's a pain in the *** taking the car out of the country for a trip. My brother lives in Canada and I like to drive up there but I need to get permission from MB to take the car out of the country.
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Joined: Sep 2007
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From: Toronto, On
2008 MB C300; 2007 Acura RDX
I like to lease. New car every 3 years. If I own a car I like to sell it before it turns 5 anyway. Leasing seams to be cheaper and also less hassle. My only complaint about MB Financial is it's a pain in the *** taking the car out of the country for a trip. My brother lives in Canada and I like to drive up there but I need to get permission from MB to take the car out of the country.
I'm leasing btw ...though I do alot of K's I get the new car itch every 4 years, so buying is not an option
MBWorld Fanatic!
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From: San Antonio
2008 C350
Buying mine...4.9% interest rate through my credit union. The regular rate is 5.7% but I'm putting 20% down on the car so they gave me the better rate..
I used to lease cars when I owned my own business and it was great then because of the tax advantages. Now I prefer to build equity in the car and don't want to be limited to mileage requirements (I have a 30 mile daily commute) so I buy...even though I plan on buying another MB in a few years.
I used to lease cars when I owned my own business and it was great then because of the tax advantages. Now I prefer to build equity in the car and don't want to be limited to mileage requirements (I have a 30 mile daily commute) so I buy...even though I plan on buying another MB in a few years.
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From: Connecticut
2003 CLK55
Buying mine...4.9% interest rate through my credit union. The regular rate is 5.7% but I'm putting 20% down on the car so they gave me the better rate..
I used to lease cars when I owned my own business and it was great then because of the tax advantages. Now I prefer to build equity in the car and don't want to be limited to mileage requirements (I have a 30 mile daily commute) so I buy...even though I plan on buying another MB in a few years.
I used to lease cars when I owned my own business and it was great then because of the tax advantages. Now I prefer to build equity in the car and don't want to be limited to mileage requirements (I have a 30 mile daily commute) so I buy...even though I plan on buying another MB in a few years.
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From: bay area, CA
'06 E350 Iridium Silver with pano
If you're going to finance, you might want to consider a Credit Union since they usually have a fairly good rate. My credit union here in California is 5.6% on a new auto loan.
MBWorld Fanatic!
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From: San Antonio
2008 C350
Yeah the MB Financial rates are pretty high right now. I got a good rate because of my past history with the credit union, the cash I have on deposit there, and because I'm putting 10K in case down on the car.
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Joined: Sep 2007
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From: Essex County, NJ
2011 E350 Sport 4Matic - P2 & Drivers Assist / 2010 C300 Sport 4Matic - P2 / 2013 Porsche Cayenne S
- Days leaving and re-entering the US
- Proof of insurance coverage while up in Canada
- Name, address and phone number of hotel where staying
The funny thing is that at the border they never ask who's car it is and they never ask for proof of ownership nor a letter of permission from MB financial.
And one more thing; you can only take your car out of the US for no more then 5 or 7 days (I forgot which). If you want to go one a two-week driving trip with your car to Europe they will tell you to fly and rent a car there.
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Joined: Sep 2007
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From: Ontario, Canada
2008 - S550 4Matic, 2010 - E350 4Matic, 2010 - C350 4Matic
It is amazing to read the differences between the USA and Canada. If "snow birds" were not allowed, to take their leased vehicles, for more than 7 days, to the USA, most would have to hitch hike to Florida.
Canadian Banks are not allowed to write automotive leases.
We have to sign a note, in our sales contract that we purchase the car, but agree not to export the car. I have a problem with that. After I pay for the car, it is mine and I should be able to do with it what I like. If I want to sell my car in the USA, why should I be prohibited from doing so?
Jorg
Canadian Banks are not allowed to write automotive leases.
We have to sign a note, in our sales contract that we purchase the car, but agree not to export the car. I have a problem with that. After I pay for the car, it is mine and I should be able to do with it what I like. If I want to sell my car in the USA, why should I be prohibited from doing so?
Jorg
Senior Member
Joined: Apr 2005
Posts: 340
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From: Seattle
C63, SLK55
Yeah its a little insane with them. This past summer I drove up to Montreal for the F1 race and I had to submit the following:
The funny thing is that at the border they never ask who's car it is and they never ask for proof of ownership nor a letter of permission from MB financial.
And one more thing; you can only take your car out of the US for no more then 5 or 7 days (I forgot which). If you want to go one a two-week driving trip with your car to Europe they will tell you to fly and rent a car there.
- Days leaving and re-entering the US
- Proof of insurance coverage while up in Canada
- Name, address and phone number of hotel where staying
The funny thing is that at the border they never ask who's car it is and they never ask for proof of ownership nor a letter of permission from MB financial.
And one more thing; you can only take your car out of the US for no more then 5 or 7 days (I forgot which). If you want to go one a two-week driving trip with your car to Europe they will tell you to fly and rent a car there.
I never knew that! I always travel to Canada and never ever did I ask permission from MB financial. They never ask at the border so why bother!! How would MB know anyways!
I think unless ur exporting to a foreign country outside of the US and Canada, you will not get hassled about the car papers.
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Joined: Jul 2007
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From: Kirkland, WA
c300
That's hilarious. I go up to Vancouver all the time and would've never even considered it ... not that I'm going to bother with it in the future.
I thought technically you don't own a car when you're financing it regardless of lease or traditional loan?
I thought technically you don't own a car when you're financing it regardless of lease or traditional loan?
MBWorld Fanatic!
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From: San Antonio
2008 C350
That depends on the local law depending on what country (or US State) you are in. Some US States are "Lien Theory" States where you have title, but it is subject to the lender's lien.
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Joined: Oct 2007
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From: Toronto, ON
2011 E350 4Matic Wagon, 2013 C350 4Matic Sedan
Not true, actually... I have arranged for financing from BMO Bank of Montreal. Got a variable rate loan at posted rate. Better than I could get from MB Credit.
I didn't have to do that. And why would they suspect that you would sell it to the US? You're going to lose at least $9K. 
I can see MBUSA making all buyers in the US sign those agreements to stop the flow of cars to Canada.
We have to sign a note, in our sales contract that we purchase the car, but agree not to export the car. I have a problem with that. After I pay for the car, it is mine and I should be able to do with it what I like. If I want to sell my car in the USA, why should I be prohibited from doing so?
I can see MBUSA making all buyers in the US sign those agreements to stop the flow of cars to Canada.
Super Member
Joined: Sep 2007
Posts: 978
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From: Essex County, NJ
2011 E350 Sport 4Matic - P2 & Drivers Assist / 2010 C300 Sport 4Matic - P2 / 2013 Porsche Cayenne S
Yeah it's pretty silly. There were occasions where they didn't even send me a letter permitting me to take the car out of the country and I wasn't about to cancel my trip because of it. You are right though; A) they would never know and B) nobody ever asks at the border. I guess the only way MB would know is if you get into an accident up in Canada. I wonder what the consequenes, if any, would be ?
Member
Joined: Sep 2007
Posts: 209
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From: Toronto, On
2008 MB C300; 2007 Acura RDX
Yeah it's pretty silly. There were occasions where they didn't even send me a letter permitting me to take the car out of the country and I wasn't about to cancel my trip because of it. You are right though; A) they would never know and B) nobody ever asks at the border. I guess the only way MB would know is if you get into an accident up in Canada. I wonder what the consequenes, if any, would be ?
Member
Joined: Sep 2007
Posts: 209
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From: Toronto, On
2008 MB C300; 2007 Acura RDX
I was wondering what private financing rates were ...can you share? Interest rates are the best way to save $ on this car.
Super Member
Joined: Oct 2007
Posts: 811
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From: Toronto, ON
2011 E350 4Matic Wagon, 2013 C350 4Matic Sedan
Or you can try a Credit Union which usually offers lower rates.
Canoe Money maintains a list of non-manufacturer Car Loan providers in Canada.
Newbie
Joined: Sep 2007
Posts: 16
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08' MB C350 / 03' Lincoln Aviator
Mind if I ask who is your CU, we're only getting 6.5% from Tech CU also located in the Bay Area and pretty sure our credit is flawless. -thanks
Super Member
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From: Toronto, ON
2011 E350 4Matic Wagon, 2013 C350 4Matic Sedan
MBWorld Fanatic!
Joined: Jul 2007
Posts: 1,104
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From: San Antonio
2008 C350
<<<this is all so crazy ... that's why you have insurance ... I can't believe MBFinancial would care about that stuff ... who knew>>>
It isn't about insurance or accidents...it's about them not wanting to search the globe for your car if you default on your loan.
It isn't about insurance or accidents...it's about them not wanting to search the globe for your car if you default on your loan.
MBWorld Fanatic!
Joined: Nov 2007
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From: Phoenix, AZ
2014 Ghibli S Q4 & 2008 C350
Great thread. I was wondering how people were financing these cars. I got 5.85% for 60mo at a CU we use for auto loans. I've leased before in the past, but not a good option for me anymore.
The real question is, how do people buy a SL65 AMG?!
Since money is cheap to borrow, do they really put a significant amount down? I can't imagine a $4000/mo car payment... but I can dream about being able to 'afford' one. 
The real question is, how do people buy a SL65 AMG?!
Since money is cheap to borrow, do they really put a significant amount down? I can't imagine a $4000/mo car payment... but I can dream about being able to 'afford' one.
