buyaka350

Hi Guys, I'm new here and to MB. Came over from an e46 M3. I was originally going to get an Audi A4 Sline and the test drive underwhelmed me (being used to the power of the M3). I drove the C350 and was in love. The power was there and the luxury at the same time (the same reason I loved the M3).

So I decided to lease instead of finance/buy, for a few reasons.
1) Leasing I can drive a nicer car than if I financed for the same monthly, or bought.
2) I drive fairly hard and like having a new car every 3-4 years.
3) I don't have the luxury of spending 40k+ all at once.
4) Canada winters (this isn't California that's for sure)

That said here is the deal on paper I have. I have put a $1,000 deposit down with an expected delivery date of June 20th, 2013. (I did this so I have time to take my deposit back if I want, and so I can sell my current car).

Location: Toronto, Canada

New 2013 c350 Sport Sedan
Only has 9KM on it
Navigation
Reverse Camera and Parking
Harmand Kardon Sound System
18" AMG Rims (5 spoke)

Interest Rate: 2.90%
Payment: Monthly
Term: 48 Months
KM/Year Allowance: 20,000KM/Year
Total KMs at Lease End: 72,090 (<--if its 20km/year x 4 years isn't that 80,000?)
Cash Downpayment: $2,900
Residual: (47%, ,44%) $24,905
LEASE PAYMENT: 509.23
TAX HST: 66.20
TAX PST: 00.00
TOTAL PAYMENT: $575.43

UPFRONT PAYMENTS
Trade as Downpayment:$0.00
Cash Down: $2,900.00
Air Excise Tax: $100.00
Freight: $1,100.00
Admin Fee: $375.00
PDI: $895.00
M-B Floor Mats: $0.00
Other Dealer Options: $34.80
PPSA due on Delivery: $0.00
SUBTOTAL: $5,404.80
HST: $702.62
PST: $0.00
1st Payment: $574.43
Security Deposit: $600.00
Payable to Customer: $0.00
totals + Trade : $7,282.85
Less Customer Deposit (cash): ($1,000)
Due on Delivery+Trade : $6,282.85

Implicit Finance Charge: $4,059.79
Total Lease Cost: $33,728.06

PRICE DISCLOSURE:
MSRP: $52,890.00
Cash Down: $2,900.00
Options: $447.00
Total List: $53,337.00
DISCOUNT: $5,200.00
Difference: $48, 137.40
Filing/PPSA Fees: $51.15
Other: ($2,900)
Financed Amount: $45, 288.55 [ <--- over 7k off msrp? ]

Additional Discount (Pending)
I have fleet insurance, and apparently I have to show them proof of ownership of more than 5 vehicles under my fleet policy, and they will give me an additional $1,500.00 off the MSRP just for showing them. Sales rep says it is an incentive to get more people on your fleet to purchase Mercedes knowing they get an instant 1,000-3,000 off. Apparently nothing changes on my end for insurance purposes. (Anyone shed some light? Sounds too good to be true).


I feel like I'm getting a decent deal. I would greatly appreciate everyone's input who has experience. I'm new too leasing and very naive.

That said here is the picture current/my plans. This is the actual car in the dealership.

I plan to add 19" rims (use the AMG ones in winter maybe with winter tires? I dislike sacrificing the beauty of the car during the winter with black steel winter rims), ADD c63 grill, blacken the lower lip of front bumper, ADD "V6" side badge (I would never put 6.3 or AMG, I feel V6 is honest, unique, and gives it a bit of a sporty edge), remove the amber side markers properly. ++ Possibly c63 rear diffuser+xpipe+dual exhaust tips [questionable at this point].

OCDBenz

I don't know about the deal, but that's a heck of a good PhotoShop job!

buyaka350

Haha thanks.

buyaka350

bump. Any help is appreciated guys.

dolvio

Not bad. But you could have taken $575 a month and bought a C Class a couple years old and financed it. Sold it in 3/4 years for 15 to 20 grand and put that down on another 2 year old or new one with an even lower payment. Leasing is a complete waste of money with cars that hold value. When cars that are worthless after you pay them off leasing makes more sense. I have both leased and owned. Leasing makes more sense if you can write off the car payment or you NEED to turn the car every 3 years.

The absolute best way to buy a car IMHO is to buy a car 2 to 3 years old. Finance it over 3 to 4 years and pay it off. Then you have a 5-7 year old car that is still actually worth something. Sell it and buy another 2 year old car. You are buying after all the serious depreciating has happened and selling before the car is all that old and still holds value.

Cheers,

Logikal

Wow I give ya a 10 on the Photoshop job too. Amazing! Looks like you spent some serous time on that.

Not sure if this helps you, but I just bought a 2013 MY C350 4MAtic fully loaded (except Leather + Adv. Driv. Package) and I received $4500 off an MSRP of $60K. Mine is brand new.

I did review a "demo" car that had 8K on it, and they were willing to discount it $5500 at that time for me. Same terms, including 2.9% Leasing (if I chose to go that route)

So it sounds like your deal package is in line. The used car price sounds about right as well.

PS: I love my 5-twin spoke AMG Wheels, you sure wanna change them?

Citation Driver

I'd ask for the $600 security deposit to be waived. I leased a new C250 and there was NO security deposit required.

buyaka350

Totally agree. Yes it is under my company name so I do write some of it off. As well, the cars in Canada get rusted and banged up with the winter, and after 3-4 years it just isn't the same as new. I like getting a new car every 3 years. If I were to finance one or buy, I'd always buy a year older.

buyaka350

Actually it only took about 5 minutes hah.
I like the 5-twin spoke AMG wheels as well. I'm going to use them for the winter, and use the new 19"s for the summer.

This car isn't a demo. It is brand new with only 9km on it. I think this guy did me good. (that sounds wrong lol)

Thanks guys for all your feedback so far.

LogicDSS

Really good price, but if you can wait another 2 months, you will get a much better deal because all the Mercedes dealers in Canada will get the CLA and the 2014 models in September so at mid July/August they will give huge discounts on all the cars from 2013 that they still have in stock.

Last year I got my C300 2012 with 11km on board for 334$ / month taxes included lease 39 months with 0$ down payment - fully loaded. Now I'm waiting for July/August again to get the GLK250 diesel ... hopefully they will have some kind of discount on it

buyaka350

Unfortunately I already know I do not posses the discipline to wait 2-3 months. I am obsessed and want it for this summer.

Go Navy

About a month ago, I bought this exact same model, right down to the color, but a 2012 model with about 11,000 miles on it. I paid about US$22k plus my free and clear trade in, a low mileage 2006 Acura RL loaded with everything.

I didn't want to go older than 2012 because MB introduced a better engine in 2012, at least in the US. Ordinarily, I'll buy something 2-3 years old with low mileage. I never buy or lease a brand new car.

It took me awhile to find this one. It had just been traded in at an MB dealer; they had not even detailed it when I jumped on it (but they detailed it for me at no charge, of course). Of course it has a considerable amount of time left on the new car warranty.

It's a wonderful car and I'm very happy with it, but still plumbing the depths of the technology.

fireline43

That deal is pretty sick. You pay almost the same my wife pays for a base model vw tiguan lease lol.

buyaka350

thanks for sharing. Didn't really help any though ahah. Glad you're enjoying you '12 c350 I can't wait !

buyaka350

I question the legitimacy of his post. At 300$/month and $0 down his car would need to have been marked down to less than 30grand. (I know that because I can add/subtract, and currently have an Acura that's the exact same a month on a leased $28,000/car with 4k down ($24,000) and its 337 at 1.9%). Numbers don't add up.

I could be wrong, and if I am kudos to him, but I doubt it. See below. If his car was sold to him at $30k (unlikely) he'd still be over and that's before taxes. 2013 c300s are going for $40k online right now.

LogicDSS

You can believe me or not, but it is the truth. All my friends said the same exact thing until i showed them the papers. One of my friends leased a couple if days before me a Ford Focus and is paying almost 400$ a month...

If you cant wait 2 months, then by all means go ahead and get it now. Just dont go back in 2 month to see the prices because it will hurt you

Ps: my interest rate is 0.9%..not 1.9% and the residual is 24000$. I'll let you do the math on how much the cars costed after the discounts they game me and see if you can really add up numbers like you say.

buyaka350

Like I said I could be wrong, but I doubt it. I don't want to debate with you that's not the point of this thread. You're heart set on telling us you got some miracle deal. That's cool.

Even if I went with all the numbers you've provided us.

payment - 334 (taxes in you said)
$0 down
39 months (doesnt exist)
.9% on a 2012 during the year 2012 (would never happen with zero down lol and a massive discount like you say)

your total paid would be 13,000.
plus residual 24,000 (you said)
= making value of the car approx $37,000 (for argument sake)
payments would be $358.72 (BEFORE TAXES)
not to mention a 2012 c300 is going for 40k used TODAY.
...

do we really need to continue this dude?

I'm very happy for you that you got such a good deal. I'm sure you'll sweep MB off their feet again in a few months.