AutoNation MB vs MB dealer Money Factor
Thread Starter
Member
Joined: Jul 2013
Posts: 166
Likes: 2
From: Florida
E350 MB Black on Black
AutoNation MB vs MB dealer Money Factor
These are the quotes I received and the MB dealer kept asking me why I wanted the MF.
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
Junior Member
Joined: Mar 2018
Posts: 18
Likes: 1
2018 C300 Coupe Designo
These are the quotes I received and the MB dealer kept asking me why I wanted the MF.
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
Senior Member
Joined: Jan 2010
Posts: 361
Likes: 55
From: Los Angeles, CA
2024 EQE350 SUV, 2022 SL55 AMGMG, 2022 C300
These are the quotes I received and the MB dealer kept asking me why I wanted the MF.
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
Benz Dealer (non AutoNation)
$1200 down /$678 a month
Money Factor .00096 ( I don't have a break down)
Auto Nation Lease
$3256 down /$509
$5236 down /$449
$7500 down /$379
Money Factor .00040
AutoNation in fort Lauderdale (break down)
Price $44820
Auto nations price $36777
Payoff $3250
Tax $2458.89
Tire $6.50
Tag $149
Doc fee $7799
Tag $250
Balance due $43690
If you start to negotiate the fees, taxes and rates - you will lose. Because the monthly payment is the combination of all of the above. If you look at your 3 offers: first 2 have different down payments and we don't even know MSRP of both if we are comparing the same cars, or maybe differently equipped. The 3rd offer doesn't make any sense, because the numbers don't add up. Especially Doc fee: $7,799 is completely insane...
Thread Starter
Member
Joined: Jul 2013
Posts: 166
Likes: 2
From: Florida
E350 MB Black on Black
I made a mistake on the doc fees, it is $779.
I read where the money factor was the biggest factor of the deal. I agree with you. That is what I thought; down payment and monthly are the most important. I am trying to learn this process because, I promise myself not to lose on my next car; like I did so many times in the past...
I read where the money factor was the biggest factor of the deal. I agree with you. That is what I thought; down payment and monthly are the most important. I am trying to learn this process because, I promise myself not to lose on my next car; like I did so many times in the past...
MBWorld Fanatic!
Joined: Nov 2012
Posts: 6,130
Likes: 1,117
A gaggle of MB's
then there are three things to remember...
1. If dealer has a "retired service loaner" or etc with the colors and features you want - the added "demo discount" can help bring down the cost of your lease in lieu of added cash.
2. On new/new - in the colors/features you want - three #'s - MSRP - cash dwon incl 1st payment - monthly payment - that it's
3. Buy ppd 20k/ppd maintenance on a 30K mile lease - buy 30K ppd maintenance on a 36K mile lease - when added into the lease the ppd mainteancen can be residualised item - meaning you pay like 65%-70% expense - now that's saving money
1. If dealer has a "retired service loaner" or etc with the colors and features you want - the added "demo discount" can help bring down the cost of your lease in lieu of added cash.
2. On new/new - in the colors/features you want - three #'s - MSRP - cash dwon incl 1st payment - monthly payment - that it's
3. Buy ppd 20k/ppd maintenance on a 30K mile lease - buy 30K ppd maintenance on a 36K mile lease - when added into the lease the ppd mainteancen can be residualised item - meaning you pay like 65%-70% expense - now that's saving money
Senior Member
Joined: Nov 2015
Posts: 372
Likes: 21
From: Boynton Beach. FL
2017 C300 Coupe, 2013 Cadillac ATS 2.0T
When leasing, also consider using Multiple Security Deposits (MSDs) to lower your MF. Each MSD is equal to your monthly lease amount rounded to the nearest $50. MB allows for 10 MSDs. Each MSD will lower your MF by 0.000007. For example, by giving 10 MSDs at signing, I was able to lower my APR (APR=MF x 2400) from 2.9% to 1.2%, saving me almost $3000 over the course of my 3-year lease. Oh yeah, forgot to mention that the total MSD is returned when the car's lease is up. Google MSD to fill in on the details.
Member
Joined: Dec 2014
Posts: 154
Likes: 4
From: San Francisco Bay Area
2015 C300W4, 2011 G37, 1998 528i Sport 5MT
This is timely as I am considering a lease for he first time in my life. It seems logical that getting the car you want, it's all about how much down and then monthly payment. Not really understanding the process, does it pay to negotiate the price of the car first, in my area there are significant discounts, then negotiate the lease terms. Does a lower sales price reduce the lease cost? Also, what happens if you like the car and want to keep it? I believe you pay a predetermined amount to purchase the car. How is that amount determined? Also, I notice most leases are for 10K miles a year. I drive more than that since this I own only one car. Does it payoff to negotiate more miles into the lease or just pay for excess mileage at the end of the lease? Like I said I know nothing about leases. Any enlightenment is appreciated.
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Senior Member
Joined: Jan 2010
Posts: 361
Likes: 55
From: Los Angeles, CA
2024 EQE350 SUV, 2022 SL55 AMGMG, 2022 C300
When leasing, also consider using Multiple Security Deposits (MSDs) to lower your MF. Each MSD is equal to your monthly lease amount rounded to the nearest $50. MB allows for 10 MSDs. Each MSD will lower your MF by 0.000007. For example, by giving 10 MSDs at signing, I was able to lower my APR (APR=MF x 2400) from 2.9% to 1.2%, saving me almost $3000 over the course of my 3-year lease. Oh yeah, forgot to mention that the total MSD is returned when the car's lease is up. Google MSD to fill in on the details.
You can actually save even more! The total of 0.0008 discount if you do a Single Pay Lease. Pay the whole amount upfront and therefore you have NO monthly payments for 2 - 3 years, depending how long you want to lease. And also this way you don't freeze any money in the security deposit.
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Senior Member
Joined: Jan 2010
Posts: 361
Likes: 55
From: Los Angeles, CA
2024 EQE350 SUV, 2022 SL55 AMGMG, 2022 C300
This is timely as I am considering a lease for he first time in my life. It seems logical that getting the car you want, it's all about how much down and then monthly payment. Not really understanding the process, does it pay to negotiate the price of the car first, in my area there are significant discounts, then negotiate the lease terms. Does a lower sales price reduce the lease cost? Also, what happens if you like the car and want to keep it? I believe you pay a predetermined amount to purchase the car. How is that amount determined? Also, I notice most leases are for 10K miles a year. I drive more than that since this I own only one car. Does it payoff to negotiate more miles into the lease or just pay for excess mileage at the end of the lease? Like I said I know nothing about leases. Any enlightenment is appreciated.
2. You can take as many miles per year as you need. But keep in mind, the more miles you take, the higher monthly payment will be. I don't recommend to negotiate mileage. Just tell upfront how many miles per year you need before you even start negotiating.
3. If you decide to buy after the lease, you would need to buy/finance the Residual Value, which amount you will know exactly at the time of purchasing the new car. It cannot be negotiated but it can be lowered or raised based on the mileage you are asking upfront. The lower Residual will result in higher monthly payments, but more mileage allowed and less money to pay after the lease, if you decide to keep the car.
4. My advice: don't buy car after the lease.
