RonPaul

I just checked that website, and my car, sticker price was $65,400, plus another $4400 in tax came to almost $70k... Based on no money down, 36 months, they came up with $1186-$1527 depending on the lease rate and residual factor being used... I'm right in there at $1245. Im the same way, I go through cars very frequently, and I write off a good 80% or more of the lease and all it's associated costs (including gas) with my corporation.. It's much easier to get out of the car in 24-28 months no problem and get right into another hot car....

So, this system works for me..

valdeztke

A few things to consider -

Putting money down on a lease is not a wise decision, primarly due to the fact that if the vehicle is in an accident you have already paid that money towards the lease and DO NOT get it back.

The way to use money wisely is multiple security deposits. Here you can apply multiple security deposits bringing down the money factor/buyrate/finance rate of money borrowed below that of the base.

On a lease the best strategy is to go into the dealership with the base rates. You want to have print out from a trusted source of the residuals for your particular vehicle, the base money factor, and invoice on the vehicle along with any incentives/rebates that are being offered.

Dealerships make money on leases by:

Raising the interest rate above MB base rate on a lease
Charge over invoice
Dealer doc fees
Adjusted residuals

NEVER EVER NEVER go into a dealership and start a negotiation with a monthly payment. Avoid this discussion like a bad rash.

I'm new to the MB as you can see, so I'm uncertain as to the negoitating factor on an AMG vehicle.

RENNSTAGE

i bilieve the $20 a month off refers to financing a car, but 1000$ down on a lease would make a bigger differnce in lease payments

but eitherway i wouldnt put any money down on a lease

valdeztke

If you were to use that same $1,000 and buy down the interest rate w/ multiple SD you'd get a lower rate of charge for the money borrowed on the lease AND get the $1,000 back at the end.

451/443=EW

Yes but most likely it will cost more than $1000 to buy down the rate.
1% will save you about $20 per month, depending on you contract term.
Its great if you can buy down the rate, but you have to money that you dont need for a few years. The flip side is if it cost $10,000 to get a lower intrest rate and it only went down 1-2 %, if you are good with you money or have a good banker, you can also make potentialy more more with a $0 securty and invest your money to let your $10,000 grow. But it just depends on your investment's. My wife is a banker, and Im is sales, so we always lease with
$0 down and use our money for business opportunitys.

My advise is lease $0 down, or reduce the interest rate will security deposits.
And if you know what your doin, $0 security and play with your money.

As for reducing your rate with money down, talk to you accountant or finance advisor first to see if they can make it grow for you. Your money will just sit with Benz and guess what thay will do with it, thats right they will invest it in the mean time. So why not do it your self?

In any case never over extend.

Read this book... THE BUZZ ON LEASING, sorry dont remember who wrote it.

valdeztke

Also never put money down on a lease in case something does happen. If anything place that money in a seperate MMA to cover your normal monthly lease payments or something.

I hear you about investing the money, but I've watched a few aggresive 401K's lose plenty of dough the last few months. They aren't drying up, but they have taken a hit.

I tend to like to play the day trading game, that is a sure fire way to get wealthy or dead broke. Its like blackjack only without going to LV/AC. (no i don't buy on margin). haha

451/443=EW

ya I hear ya, investing is not for everone, but like you I feel its worth the gamble at this point in life.

And investing really souldnt be much of a gamble if your carful.

valdeztke

Well I have my "serious" lifetime investing then I have money aside for "play investing" - I keep sure to not mix the two.

I see it no different than people who play the lottery, bingo, poker, etc. Only I have better ods. Mainly I just read and learn about up-and-coming IPO. Pick one I like and toss a grand or so at it. Watch and see what happens.

Danny_Boy

Lease. Sure i love mine now, but in 3 years it'll b old and there will b something way better out...thats just how it goes. Its also a company write-off

valdeztke

I need to ensure my stars line up properly so that my next vehicle will be a tax deductible item.

ScottW911

By Buzz Doering.

It's on Amazon for $12.95.
http://www.amazon.com/Buzz-Leasing-S...1314019&sr=8-1

Perhaps, this will educate all of us.

MikeRPA

Originally Posted by jtdominate
I. Leased an 07 Lexus IS250 (during a promo) for my wife and the payment is $549 with 7$K down.


YOU must be bugging the F**** out ????? WHATTTT ? you got ripped off bad , OMGOD , with 7 down you can get c63 for that price wow

451/443=EW

Ya Buzz Doering.

GSpot

i leased mine for tax purposes (as mentioned previously by others), and i dont want to own a depreciable asset, plus i want a new ride every 2-3 years.

I put down tax/title/first payment etc ($4400) and did a 39 month lease at about $1000 a month. For a $65K car, i think this was reasonable. I would have liked the cost of money and/or "rental charge" to be lower, but i guess thats what you get for grabbing the first one the dealer has.
Car is well worth it nonetheless!

yaymitch

Did you lease through the dealer or a 3rd party?