jamesbaud

2008 C300
VA Registration
black on black
17" AMG
PII Options
Mult Media
IPod Integration
Manual
MSRP 39050
Down 3500


was quotes 520-540 ...

I've been told thats a bit too high. Any help on how I can get them lower? Credit is high tier 2 credit.

thanks!
James

oblu

1. putting money down on a lease has it's risks.
2. what's the term?
2. what's the residual?
3. what's the mileage?
4. is cap cost full msrp or are they discounting?
5. what are they charging for money factor?
6. what are they charging for inception?

The leasing forum has the current residuals and MF's. From there it's just plug n chug into a lease calc to find out if what you're getting quoted has markups hidden in there.

MB MFs aren't great. That sounds about right. But you should do your homework to make sure.

mac911

What are the "Risks" of putting money down on lease.



As to the OP - is that with sales tax? If it is, seems really good. If it is without, still seems about right. Mine is that range, with a cheaper car and tier 1 credit.

oblu

If the car is totaled during the lease term, you walk away from that money.

wase4711

unless you are tier 1, they wont give you the best rate..its just that simple..

JTMarlinCeo

I agree. it's all rate. Unless you can get a lower cap cost reduction. More money down also helps.

IwantA124

There is nothing wrong with putting a down payment on a lease. All you have to be careful with is that you don't end up paying off 70% of a car that's not even yours to keep in the end. If you total your car during a lease you get whatever the difference of what's still owed in total on the car. So in essence when you total a leased car congratulations you now just bought it. So now your insurance will pay what's owed on it to whom ever it's owed to and if there is something left it's yours. If for some reason the value that's owed is greater than what your insurance is paying out then you can purchase gap insurance if it worries you and it takes care of that. If not it's coming out of your pocket.

IwantA124

How long is the term? if it's 39 months you're paying 61% of that cars MSRP that's not a great lease but it's about an average one. For a good one you want to be in the 50%-55% Shop around and go to other dealerships.

mac911

If you lease with Mercedes Benz Financial, I'm pretty sure GAP insurance is included in your lease contract. It is in mine.

oblu

GAP is pretty much standard on all the leases I've seen ... I think it's more to cover the lease company's *** than it is the consumer.

I've had two friends that have leased cars and then had them totalled out in the first year of the term and have gotten nothing back from insurance. Surprisingly, the value of the car stayed right in line with the leasing company's stake in the car. One friend even got a lawyer to try to fight the valuation but came up short.

One lost $2500 in cap cost reduction. The other lost over $4000.