Lease rates
#1
Lease rates
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
#3
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
#5
MBWorld Fanatic!
#6
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
#7
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#8
#9
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
#11
MBWorld Fanatic!
#12
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
http://youtube.com/watch?v=Te7Ya4U6uBw
http://youtube.com/watch?v=6Okq3WjbKNA
Last edited by C32 MIA; 04-20-2008 at 01:18 PM.
#13
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2008 Jeep SRT8 NOW ... C63 IN MAY!
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.
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.
#14
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.
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.
#15
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2008 Jeep SRT8 NOW ... C63 IN MAY!
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 $$$$!
#16
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#20
MBWorld Fanatic!
#21
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
http://youtube.com/watch?v=Te7Ya4U6uBw
http://youtube.com/watch?v=6Okq3WjbKNA
#22
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.
#23
http://www.bankrate.com/brm/auto-loa...5&Submitbut=GO
#24
$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
http://www.bankrate.com/brm/auto-loa...5&Submitbut=GO
#25
$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
http://www.bankrate.com/brm/auto-loa...5&Submitbut=GO