OK, Good, excellent lease deal ?
Thread Starter
Junior Member
Joined: May 2017
Posts: 64
Likes: 5
C300 W205
OK, Good, excellent lease deal ?
I leased a new 2016 C300 last week, here is the deal:
Window sticker $52,090
36 months / 12,000 a year
NO maintenance included
Total months payment including all fees:
license
dealer prep
NY tax
destination
etc., etc., etc
So not a penny more besides the monthly payment
$449 monthly
I called 3 other dealerships and they basically said if I'm getting that deal, take it!
I'm familiar with using the MF, residual. I really didn't pay any attention to these because the deal seemed very good to me.
PS: I did take the tire and wheel, living in NY, more pot holes then pavement.
It's for the full 3 years, unlimited claims, zero deductible and includes cosmetic damage to the wheels. That was $1700 separately.
How did I do?
Window sticker $52,090
36 months / 12,000 a year
NO maintenance included
Total months payment including all fees:
license
dealer prep
NY tax
destination
etc., etc., etc
So not a penny more besides the monthly payment
$449 monthly
I called 3 other dealerships and they basically said if I'm getting that deal, take it!
I'm familiar with using the MF, residual. I really didn't pay any attention to these because the deal seemed very good to me.
PS: I did take the tire and wheel, living in NY, more pot holes then pavement.
It's for the full 3 years, unlimited claims, zero deductible and includes cosmetic damage to the wheels. That was $1700 separately.
How did I do?
MBWorld Fanatic!
Joined: May 2008
Posts: 7,653
Likes: 560
2016 C300
Looks good from here. Nothing due at signing and no trade correct?
On the wheel insurance, as long as the long form contract you signed is as good as the stuff the F&I guy promised, it might pay off. Usually they make all kinds of verbal representations, none of which are enforceable, and hope you don't file a claim within the first 60 days. (Most policies allow a full refund if you cancel in that window.) Then there's the generic bull**** story about the customer who got all new wheels because his got dirty or whatever.
I'd read the subsection entitled "Exclusions" to see what they can get away with, and also the section entitled "Your Duties" to see what you're obligated to do to get a claim paid.
Generally, when I'm offered a 3rd party protection plan, I ask to see the actual contract, and not the little summary pamphlet (which is also unenforceable since it's not a part of the contract).
Rather than trying to read the whole thing, I just look at the header to see who it is I'm actually buying the coverage from. (First Choice, etc) and I'll do a quick Google search for "[Company] Complaints". Usually it's a non stop cluster**** of dozens and dozens of unpaid claims and unfair practices.
On the wheel insurance, as long as the long form contract you signed is as good as the stuff the F&I guy promised, it might pay off. Usually they make all kinds of verbal representations, none of which are enforceable, and hope you don't file a claim within the first 60 days. (Most policies allow a full refund if you cancel in that window.) Then there's the generic bull**** story about the customer who got all new wheels because his got dirty or whatever.
I'd read the subsection entitled "Exclusions" to see what they can get away with, and also the section entitled "Your Duties" to see what you're obligated to do to get a claim paid.
Generally, when I'm offered a 3rd party protection plan, I ask to see the actual contract, and not the little summary pamphlet (which is also unenforceable since it's not a part of the contract).
Rather than trying to read the whole thing, I just look at the header to see who it is I'm actually buying the coverage from. (First Choice, etc) and I'll do a quick Google search for "[Company] Complaints". Usually it's a non stop cluster**** of dozens and dozens of unpaid claims and unfair practices.
Member
Joined: Oct 2016
Posts: 134
Likes: 20
From: Danville, CA
GLS450
Sounds like a great deal but difficult to fully evaluate without the negotiated price for the vehicle (i.e. price paid vs. MSRP), the money factor, the residual, and trade-in (if any).
Of course the 2016s should have been off the lot months ago, so one would expect a 20%+ discount from MSRP.
Of course the 2016s should have been off the lot months ago, so one would expect a 20%+ discount from MSRP.
