Graved726

Yeah figured, if you don't mind can you share the monthly payment?
you don't need to get into the details if you can't

jerhu

So i've got on my car...

Polar White
Premium Package
LED Lighting System
AMG Driver's Package
19" AMG Multi-Spoke Wheels (Bi-Colour)
Dark Ash Open Pore Trim
Heads Up Display
AMG Performance Seats
360 Cam

I think that's it.

I'm on a 2 year lease for 18k KM per year
$0 Down, my DOD was something like $1200ish, which consisted of first payment and $550 Sec deposit.

My payments are around $510 a month including taxes.

Graved726

jeeeez a lot more for a lot less... good stuff loaded that car right up!

ocsugar

I didn't do my homework at all and am paying a bit more than I should be.


I did $1,000 down, 36 months, 12K miles, $742 monthly.


Most deals I'm seeing are about $30 dollars cheaper, monthly.
The best deal I saw was $2,000 down, $649 monthly.


I'm definitely coming here to compare notes before my next lease.


Car is amazing, though. I love everything about it.

Van131

For the Cabriolet?

ocsugar

No, the sedan.

VinceBlue

whats the Msrp on your car? Did you get a sedan or coupe? All these things make a difference in payment . You can get that 649 monthly deal if you don't add any options . Buf would really want this car without leather seats , at least premium pack 2, and the AMG exhaust ??

ocsugar

The sticker was $59,025, and I got them down to $55,345. The residual is $33,379.50 so I may end up buying it depending on what they're selling for at the end of this... It's a sedan, and I have everything, carbon fiber spoiler, black rims, double sun roof, leather/suede seats, red seat belts, exhaust system, light up AMG door logo. Only thing I don't have is Nav. I just need the disc, it's $650.

VinceBlue

I like your options . I think you did pretty good. It's so hard to compare all these deals because no one has the same build , in the same country , or same lease lengths . For instance, I'm doing the c43 AMG coupe for $811/month and $2300 drive off cost with a MSRP of 64390 🇺🇸 . I know there are many worse deals than mine, and ones that are certainly better. I'm not gonna beat myself over $30 a month I could've saved though . But I am beating myself while waiting for this factory order to arrive. This waiting game is so painful!!

Graved726

deal sounds good, but here is my rule about lease, TRY your best to not put anything down other than Freight and PDI and all the other minute charges they add in there. Due to the fact that at the end of the day its a lease the car is not yours unless you plan on financing it at the end of your agreement.
Otherwise that $1000 down you won't get back.

keninblaine

Can I ask why so many people choose to lease their cars? I've never leased a vehicle, as I was under the impression that it doesn't typically make sense unless you are a business and can deduct the costs as business expense for tax advantages, and avoid tying up capital. Are MBZ leases particularly attractive compared to purchasing with a car loan at about 2% interest and not being committed to the full term of a lease or the other restrictions of a lease?

Graved726

to be honest I only do it because I just want a brand new car every 3 years or so. aka shiny penny syndrome!
I only pay for the car and never have to worry about maintenance or damages done to the car. and why MBZ? because its a benz "The best or nothing" right? its just that they've treated me right from the get-go so I plan on sticking around

Jimmy C43

One often overlooked benefit, is sales tax savings

In a lease, you only pay sales tax on the depreciation

Depending on the deal, it's a legitimate ~$3,200 savings (in my case, that's about right from memory without looking at the paperwork at the moment)

In a lease, if the car is ~$65,000 with a residual of ~$40,000, you pay sales tax (8% in NY) on the ~$25,000 depreciation which is ~$2,000

The savings on the ~$40,000 you don't pay tax on is ~$3,200 which is A LOT of money!

AND, in a lease you pay the sales tax fractionally as you make your monthly payments, not up front in full if you purchase cash and not upfront and financed across the term in a finance contract which is even worse

Sales tax on ~$65,000 is ~$5,200... financed, it's more depending on the interest rate and length of term

keninblaine

OK, now that is a great and significant point that I wasn't aware of. With the 8.7% sales tax in my county, that is worth considering. Thanks!

matteo882

i notice many (most?) of these posted lease deals don't post the residual value. i regard this as a very important bit to negotiate as a lower residual means more paid by you, the buyer, and less risk on the dealer's part. a higher residual means less paid by the buyer and more risk on the dealer as i understand the residual to be the agreed upon buyout price at the end of the lease. if you can sell the car privately for more than the residual value, then you buy the car at the end of the lease and sell it for more.

trying to gain an understanding of what a reasonable discount off list is... 5% or more seems to be decent. what you pay is = total price - residual value + interest rate and then divide that over the term to get the per month rate. so my plan is negotiate a fair total price which should be lower than MSRP, then get a residual value which is at least as good as what the web is giving. MB Canada gives about 54% for a 24000km lease and 56.8% for a 18000km lease. then i've locked in a reasonable residual which gives me the option to buy or return at the end of the lease, i'm paying less than MSRP so i got a "deal", which only leaves the interest rate. 2.9% is current and reasonable for me--not sure how negotiable this is but 1% is only a few hundred dollars over 36 months. still preferable to lease because i don't pay 65K+ up front... i get to hold onto that cash and earn interest on it on investments. as long as you do better than 2.9% return on your investments leasing seems like the way to go.

keninblaine

Well stated. Of course, if you push for a higher residual, thus putting more risk on the dealer, then the chance of the car being worth more than the residual at the end of the lease is diminished. I presume the 54% and 56.8% references above refer to what the residual value will be as a percentage of the negotiated purchase ("total") price? The main downside of a lease appears to be the term of the commitment, and mileage. If you underestimate your mileage per year, you get penalized, and if you over-estimate it, you ended up paying more for a lower residual value than necessary. If you base the lease on 4 years, but want to make a change in 3 years, it isn't as easy to get out of the lease as it would be to sell a car you purchased. Am I missing anything here?

matteo882

good additional info

and correct the residual values stated above were calculated by dividing the residual value given on the website by the MSRP. i suppose residual value wouldn't necessarily vary proportionally with MSRP but one could still used this when negotiating.

Shelly401

I have leased a fair number of cars over the last 18 years....

I have found that the residual value is not negotiable.....it is a set %, based on the length of the lease, and the allowed miles....

Also, the residual value is calculated from the MSRP... not the price actually paid for the car.....

As far as the sales tax savings, that is not true in every state....

I am in Florida, so here that savings is realized....

However, in some states, you do have to pay the sales tax on the entire price of the car....
I am not sure which states that is the case though.....

Shelly

18bora

Got some numbers today based on msrp of 63,645 and discounted price of 60,945 without haggle.

$725 total including 7% state tax -10k/36k miles
or $745-12k/36k miles
Only first payment out of pocket
.00138mf
60%

Van131

When i calculate this, it comes out to 815 a month.
Is this the cabriolet?

18bora

No, sedan.

c_sotelo5

The C43 has the same base as my C450.. so here is mine for the 2016 C450 back in February of 2016:

- Long Beach, CA-USA
- 48 months / 10k miles/yr
- $2500 drive off (this includes dp/acq costs/1st month/etc)
- MSRP: $59.9k (Multimedia package, LED lights, full leather, panorama roof, & some other stuff)
- $599/month

My lease is pretty long compared to others, but the low payments def worth it

keninblaine

Did you negotiate a purchase price lower than MSRP, and what was the residual value and money factor?

c_sotelo5

I did, I lowered it to about 53 after 6 hours. TBH, I don't know the exact residual off the top of my head.. gotta check my paperwork.. don't wanna give wrong %

keninblaine

Sounds like time well spent: $7k in 6 hours is more than $1000/hr.