Basics:

2012 C250 sedan with msrp of $43093 or a little more.

Negotiated price to $38,000 could not qualify for Conquest...

Trade in was 2010 Prius V with 72k miles for $14k with $17,295 owed on current loan.

Putting either $5k or $6k down the monthly was going to be $73X a month for 60 months at basically 4% (Excellent credit around 800 for both me and wife).

Got talked into 33 month lease at 15K miles a year and $652.43 a month with

service contract at $1,100
maintenance agreement of $769
FLCP of $1,045
CAP red tax $101.12
Total Gross Capitalized cost : $44318.88

Monthly payment:

Cap Cost Reduction $1,225.69
Adjusted Cap Cost $43,093.19
Residual Value $27,738.27
Depreciation and amortized amounts $15,354.92
Rent Charge: $4,534.51
Total of Base monthly payments: $19,889.43

I was trying to decide if buying at a total cost of $44,XXX with interest (Probably less because I like to pay off at least a year or two early) was less desirable then leasing whether or not I decide to keep the car when they ask me if I want to get out of my lease in a little over two years or after I finish with the whole lease in 33 months?

Basically if I go to buy this OR our next Mercedes will I have to hope I can negotiate down the residual too far?

And is that MBZ wheel and tire plus for $1,100 worth it for a lease or did I just get swindled along with the small unoticed $55 document prep fee?

I normally always buy a vehicle but got caught hungry after hours of looking and off-guard with the lower than expected resale of my trade-in.

Any input is appreciated as I take delivery of the vehicle by this saturday (its still on the boat) and I'm thinking of calling them tommorow to see if I can still convert this into a sale.

Im also considering going through my credit union for a better loan rate or doing a shorter term through Mercedes themselves.

 

Its up to you as to how long you want to keep the car in terms of whether you lease or buy. On that note, you haven't signed any paperwork yet, so its never too late to switch to a lease. As far as a deal goes, you did pretty well getting it down, the CAP program has allowed dealers to offer pretty smoking discounts.

 

I'm still looking at it another day so I gave myself until saturday.

Trying to decide if I need that MBZ wheel tire plus service/warranty thing too. Kind of pricey at $1100.

 

Yeah its pricey, but remember it residualized over the course of the lease so its really only 600 or so, which is one new wheel.

 

True thanks for the help.