C450 Lease Help
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
C450 Lease Help
MSRP:61,380
Discount:6,710.67
Difference:54,669.33
Tax:388.09
Tag & Title Fees:351.50
Document Fee:699
Total:57,202.92
5k Down
584 Monthly
36month/12k miles
Is this a good deal guys?
Discount:6,710.67
Difference:54,669.33
Tax:388.09
Tag & Title Fees:351.50
Document Fee:699
Total:57,202.92
5k Down
584 Monthly
36month/12k miles
Is this a good deal guys?
Member
Joined: Oct 2008
Posts: 200
Likes: 4
From: San Diego, CA
2016 C450 AMG
My guess is they wouldn't have included it in the original offer. But it should be about 750. And the way mercedes does it now. You should defi take advantage even if they want you to cover the costs should be about 30 bucks to payment unless u can negotiate it. Which can be pretty tough to do though not uncommon.
Seems like a very good deal better than my lease deal on a 2016 c450 same msrp as yours, by about 150 bucks. But I put 2k down not 5k.
Figure its about 30-35 dollars per 1k down. So your extra 3k taking the high side is 105. Your beating my deal by about 45 bucks a month.
And I qualified for fleet pricing which saved me 2600 off the bat. So your deal is looking way better.
Good job
Seems like a very good deal better than my lease deal on a 2016 c450 same msrp as yours, by about 150 bucks. But I put 2k down not 5k.
Figure its about 30-35 dollars per 1k down. So your extra 3k taking the high side is 105. Your beating my deal by about 45 bucks a month.
And I qualified for fleet pricing which saved me 2600 off the bat. So your deal is looking way better.
Good job
Last edited by icanectc; Aug 7, 2016 at 02:31 AM. Reason: Added more to it.
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
Thanks for the help felt as it is my first time leasing a vehicle as i am pretty young didn't want them taking advantage of me.
So how should i go about bringing that up?
Just say i want included service? lol
So how should i go about bringing that up?
Just say i want included service? lol
Member
Joined: Oct 2008
Posts: 200
Likes: 4
From: San Diego, CA
2016 C450 AMG
Yea pretty much. But ya gotta be willing to walk away if u are getting push back. Young folks tend to get shafted. I agree largely because there new to car buying and don't really know the process and because sales guys know when they got you. Thats there job.
So be willing to put your foot down and say it really needs the maintenance and thats my budget. See what they say... But be willing to bring something to the table something in your back pocket..
If they say it will raise ur payments to say 625.. Come back and say cant go any higher than 595.
U know what I'm saying?
Just gotta stay focused and patient and be willing to walk away if its outside your budget or u think somethings up...
750 stretched over 3 yrs shouldn't increase payment that much. Probably closer to 15-20 range
Its not life or death really. But if they come back at like 650+ then there smoking crack.
So be willing to put your foot down and say it really needs the maintenance and thats my budget. See what they say... But be willing to bring something to the table something in your back pocket..
If they say it will raise ur payments to say 625.. Come back and say cant go any higher than 595.
U know what I'm saying?
Just gotta stay focused and patient and be willing to walk away if its outside your budget or u think somethings up...
750 stretched over 3 yrs shouldn't increase payment that much. Probably closer to 15-20 range
Its not life or death really. But if they come back at like 650+ then there smoking crack.
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
Gotcha not gonna pay more than 600 monthly.
Im sure they'll go ahead and do that cause i literally havent asked for anything.
Walked in and asked if they are still leasing the C450 for 523 a month as it says on the MB website.
Im sure they'll go ahead and do that cause i literally havent asked for anything.
Walked in and asked if they are still leasing the C450 for 523 a month as it says on the MB website.
Trending Topics
MB World Stories
The Best of Mercedes & AMG
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
Senior Member
Joined: Nov 2015
Posts: 372
Likes: 21
From: Boynton Beach. FL
2017 C300 Coupe, 2013 Cadillac ATS 2.0T
OP, when your car is ready for delivery and you sit down with the financial guy, you may want to also consider "multiple security deposits." These can reduce you money factor by quite a bit and are returnable at the end of the lease. Each security deposit that you put up front, will reduce the MF by 0.00007. I believe that you may be able to put in 9-10 of these deposits. Each deposit will be equal to your monthly rounded to the nearest $50. So, with a monthly of $584, each msd will be $600. Assuming you have the spare cash, putting down 10 deposits ($6000) will reduce your MF by 10x 0.00007 = 0.0007. So, if your MF is 0.00121, subtract 0.0007 and get a new MF of 0.00051. Do the math and you will see this is one hell of a deal if that money comes from a money market or bank account.
MBWorld Fanatic!
Joined: Nov 2001
Posts: 1,097
Likes: 68
From: San Francisco, CA / Middlebury, CT
600 SWB
I took advantage of ten refundable security deposits totaling $5000 and direct deposit.
The OP's lease looks good. As a point of reference my C450 had an MSRP of $59,840 plus $975 in pre-paid maintenance for a total of $60,815. I am paying $480 a month for 48 months with 10K miles per year and $1,620 to cover up front fees, taxes and registration. Total payments for the 48 months comes to $24,660.
The OP's lease looks good. As a point of reference my C450 had an MSRP of $59,840 plus $975 in pre-paid maintenance for a total of $60,815. I am paying $480 a month for 48 months with 10K miles per year and $1,620 to cover up front fees, taxes and registration. Total payments for the 48 months comes to $24,660.
Senior Member
Joined: Apr 2015
Posts: 399
Likes: 24
2017 C43 Sedan
I am thinking to lease a C43 AMG. I expect the money factor will be high. To save some $$, I can put multiple security deposits or do "one pay lease" - the money factor can be very low and it can end up saving a couple thousands $$ in total payment. For me, I can afford the one lease payment upfront and I am more than willing to do so if I am not at risk when the car is totaled.
For "one pay lease", I am just wondering what happens if the car is totaled? I checked the lease term, but I just couldn't fully understand it.
"You will pay us the gap amount which is the difference between the early termination liability and the insurance proceeds we received based on the total loss. We agree to waive the Gap Amount if you had the vehicle insurance required by this lease at the time of total loss." "If this is a single payment lease, you will receive a refund equal to your lease payment divided by your lease term times the number of months left in this lease at the itme of the loss of the vehicle."
From reading the term, with one payment lease, I am not at risk and I get a pro-rated refund of total payment.
However, from i have been reading online, I am at risk of paying the gap difference
Sorry, I only leased once and I really dont understand this and I am trying to balance the trade off.
For "one pay lease", I am just wondering what happens if the car is totaled? I checked the lease term, but I just couldn't fully understand it.
"You will pay us the gap amount which is the difference between the early termination liability and the insurance proceeds we received based on the total loss. We agree to waive the Gap Amount if you had the vehicle insurance required by this lease at the time of total loss." "If this is a single payment lease, you will receive a refund equal to your lease payment divided by your lease term times the number of months left in this lease at the itme of the loss of the vehicle."
From reading the term, with one payment lease, I am not at risk and I get a pro-rated refund of total payment.
However, from i have been reading online, I am at risk of paying the gap difference
Sorry, I only leased once and I really dont understand this and I am trying to balance the trade off.
Last edited by arnold0523; Aug 8, 2016 at 12:44 AM.
Senior Member
Joined: Nov 2015
Posts: 372
Likes: 21
From: Boynton Beach. FL
2017 C300 Coupe, 2013 Cadillac ATS 2.0T
I know that in my post above yours I put the MSD reduction per deposit to be 0.00007, but I'm not really sure about that figure as I have also heard that it may be 0.00005. Which one applied to your deal? Then again, this may not be the latest as it looks as though your car is a 2016 c3000 sedan and I'm into a 2017 c300 coupe???
Member
Joined: May 2016
Posts: 145
Likes: 7
2016 C450
EDIT: I almost forgot, I did not even ask them to do this, they offered. They WILL go low on the maintenance!!
MBWorld Fanatic!
Joined: Nov 2001
Posts: 1,097
Likes: 68
From: San Francisco, CA / Middlebury, CT
600 SWB
I know that in my post above yours I put the MSD reduction per deposit to be 0.00007, but I'm not really sure about that figure as I have also heard that it may be 0.00005. Which one applied to your deal? Then again, this may not be the latest as it looks as though your car is a 2016 c3000 sedan and I'm into a 2017 c300 coupe???
Senior Member
Joined: Nov 2015
Posts: 372
Likes: 21
From: Boynton Beach. FL
2017 C300 Coupe, 2013 Cadillac ATS 2.0T
Super Member
Joined: May 2014
Posts: 613
Likes: 42
From: NYC
2014 C300
I am thinking to lease a C43 AMG. I expect the money factor will be high. To save some $$, I can put multiple security deposits or do "one pay lease" - the money factor can be very low and it can end up saving a couple thousands $$ in total payment. For me, I can afford the one lease payment upfront and I am more than willing to do so if I am not at risk when the car is totaled.
For "one pay lease", I am just wondering what happens if the car is totaled? I checked the lease term, but I just couldn't fully understand it.
"You will pay us the gap amount which is the difference between the early termination liability and the insurance proceeds we received based on the total loss. We agree to waive the Gap Amount if you had the vehicle insurance required by this lease at the time of total loss." "If this is a single payment lease, you will receive a refund equal to your lease payment divided by your lease term times the number of months left in this lease at the itme of the loss of the vehicle."
From reading the term, with one payment lease, I am not at risk and I get a pro-rated refund of total payment.
However, from i have been reading online, I am at risk of paying the gap difference Sorry, I only leased once and I really dont understand this and I am trying to balance the trade off.
For "one pay lease", I am just wondering what happens if the car is totaled? I checked the lease term, but I just couldn't fully understand it.
"You will pay us the gap amount which is the difference between the early termination liability and the insurance proceeds we received based on the total loss. We agree to waive the Gap Amount if you had the vehicle insurance required by this lease at the time of total loss." "If this is a single payment lease, you will receive a refund equal to your lease payment divided by your lease term times the number of months left in this lease at the itme of the loss of the vehicle."
From reading the term, with one payment lease, I am not at risk and I get a pro-rated refund of total payment.
However, from i have been reading online, I am at risk of paying the gap difference
Sorry, I only leased once and I really dont understand this and I am trying to balance the trade off.Last edited by DapperStyle; Aug 9, 2016 at 01:34 PM.
Junior Member
Joined: Jan 2016
Posts: 44
Likes: 6
SL63,X6M,Mc600LT,296GTB
Residual 58%
Money Factor 0.00096
MB have a 1800 summer event credit right now so base out of my calculations you can do better.
Second dont let the dealer add the dealer fee, Docs, tag and inception fees to the deal tell them to take them out and make it part of the down payment...
So my imput will be like this get the car 10% MSRP + the $1,800 of the summer sale event = $7,938 off MSRP
with that said you should be around $493.00 + your local tax
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
Ok couple of things here is that Tax in ? I am pretty sure its not but here is the program for August for the c450 36/12
Residual 58%
Money Factor 0.00096
MB have a 1800 summer event credit right now so base out of my calculations you can do better.
Second dont let the dealer add the dealer fee, Docs, tag and inception fees to the deal tell them to take them out and make it part of the down payment...
So my imput will be like this get the car 10% MSRP + the $1,800 of the summer sale event = $7,938 off MSRP
with that said you should be around $493.00 + your local tax
Residual 58%
Money Factor 0.00096
MB have a 1800 summer event credit right now so base out of my calculations you can do better.
Second dont let the dealer add the dealer fee, Docs, tag and inception fees to the deal tell them to take them out and make it part of the down payment...
So my imput will be like this get the car 10% MSRP + the $1,800 of the summer sale event = $7,938 off MSRP
with that said you should be around $493.00 + your local tax
Junior Member
Joined: Jan 2016
Posts: 44
Likes: 6
SL63,X6M,Mc600LT,296GTB
call them and tell them that you know the money factor 0.00093 and residual 58% on the car and that you did some research and there is a $1,800 rebate summer sales event that needs to be apply to the deal, also that base out of your calculation we should be around $493+ taxes a month to make a deal happen... if you need more imput or info PM ill give you Cell so we can talk good luck brother !!
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
call them and tell them that you know the money factor 0.00093 and residual 58% on the car and that you did some research and there is a $1,800 rebate summer sales event that needs to be apply to the deal, also that base out of your calculation we should be around $493+ taxes a month to make a deal happen... if you need more imput or info PM ill give you Cell so we can talk good luck brother !!
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
Thread Starter
Newbie
Joined: Aug 2016
Posts: 14
Likes: 0
C450 AMG
6k discount on the car? They told me it was a "special lease offer".
They also said that the deal was on a car with an msrp of 50k compared
to this cars 61k. This is why i thought it was a good deal.
