Frankiedez

just went to benz in nj and was going to buy the car but someone already bought it when I got there and thay gave me lease rates for 27 months with 0 due at signing and 15 thoused miles is 1507 a month and for 39 months is 1271 and with 2815 outta pocket is 1375 for a 27 month lease and for 39 months is 1177 with 2617 outta pocket just figured ppl wanted to no

GBlansten

are you related to e e cummings?

C32 MIA

those numbers are insanely high for $60k car-- that's what payments are for a $88k M5 BMW new (a car costing almost 50% more). somebody is getting f*cked!

dynomite05

If you don't mind me asking where in NJ did you go?

zibby43

Those numbers are . Hell, you can get a more expensive, nicely equipped M3 for like $850+ a month.

Frankiedez

ray catena in edison new jerzy I belive I only really went to go see it and if thay had white I was going to take it but I have mine comeing in on may 20th from my dealer in long island but my guys good ill prob get it for a thoused a month I went to go look at the m3 it came to like 71 thoused thay wanted 1400 a month I said ur ****in crazy lol

lexaltezza

An M3 nicely equipped at 71k is around 1300-1400 a month with 0 down.

lexaltezza

Please tell me where I can lease an M5 for less than $1300 a month.

lexaltezza

These figures look about right to me. At least the 39 month 0 down figure. Banks always hedge in their favor on newly launched vehicles.

Frankiedez

if you can find me a m5 or m6 for 1300 a month with no money down ill take one right now lol the cheapest i found it for was like 1500 1600 with money down

zibby43

That's a fully equipped M3 at 71k.

C32 MIA

shop the dealers, negotiate the lease. a lot of people fail to really push the dealers when it comes to leasing. negotiate the sale price of the car to be set the value entered into the finance software (otherwise they just stick it in at full retail)-- not the monthly payment. that's the dealer's secret. i passed on buying an M5 for the M6 for obvious reasons and i almost signed the lease for $1350 a month for the M5 straight from the dealer. i pay $1599 a month for my M6 with a $109,000 sticker got it new from dealer and i get 18k miles a year. you can assume my lease if you like and have good credit you will fall in love with this M6 just listen to her lol:
http://youtube.com/watch?v=Te7Ya4U6uBw
http://youtube.com/watch?v=6Okq3WjbKNA

tglickamg

Here is the thing with lease rates - they shouldn't be negotiable. They are calculated around a couple of variables:

1. The negotiated sale price of the car - which in this case will be MRSP because dealers are not discounting the car at all.
2. Residual Value
3. Money Factor
4. Lease Term
5. Sale Tax Rate (If you roll the sales tax into the lease)

The residual value is given to all of the dealers by MB - it is a definitive number that is set by MB Financial. The money factor is all dependent on your credit score.

Check it out here ...

Because I do not know the residual value of the C63 yet, I used the residual value for a 2008 E63 using a 36 month lease term - this is 52%. The means that 52% of the cars remaining value is left after 36 months (12k miles/year) ownership or that the car has depreciated 48% in value over that amount of time. Then, I used the base money factor for a 2008 E63 - this is .00175 or 4.2%. The money factor simply determines lease finance charges over the course of the lease. Then I used the auto sales tax in my county (Dade county FL) which is 6%. Factoring all of these #s in - the lease comes out to around $1100.

C32 MIA

that's exactly the price range it should fall into w/tax (that's what i have been quoted by dealer) but they will try to stick as many dealer and availablility fees (if you don't have an existing order in) as possible

tglickamg

Right, exactly. That's the point where you just walk away and find another dealer. Its not worth the frustration. Just make sure you educate yourself before walking in and buying a car - bottom line. Then you save $$$$!

DFW01E55

No way do they go near .00175 on the C63, they don't need to.
I think that .0033 will be closer.

jonmartin

I'd really like to know where cause thats un heard of.

mrdci

I know I can get down to atleast .00183 or 4.4% at my credit union.

lexaltezza

I agree .0033 is more likely. Taking that money factor into account, I am getting around $1270 for 36 months, 15k a year, and 0 down.

AMGfan

lexaltezza

The main reason why you were offered such attractive lease payments was because of the difference in MSRP and the price they were selling it to you for. Of which I imagine was rather significant. In the case of the C63 there will be little to no discounting initially, so the lease payments are going to be around $1200-1300. I've seen a $102,000 cls63 go for $85,00 and it dropped the lease the payment about $500 a month.

mrdci

For 1100 a month you can Finance the car for 60 months if you have decent credit with 0 down. You'd only have 24 months left to pay for it after 36 and I am sure it would be worth more that way than what the lease rates you guys are talking about.

lexaltezza

$1100 a month? Maybe with 0 percent financing. If you follow the link below you can see that for 60 months finacing at 6.15%, which is the lowest it found for me in my area, the payments are $1261.17. Granted its not much more than $1100, its still no $1100.

http://www.bankrate.com/brm/auto-loa...5&Submitbut=GO

C32 MIA

DONT FORGET TO ADD IN almost $4k in sales tax too depending on where you live into that financing equation

mrdci

I can get 4.4% from my bank so at 62K with 0 down its $1153. But then again I can get the same rate from them on a lease too. So that gets me in around $900.