Best way to purchase the 2009 C^# AMG
Member
Joined: Jan 2005
Posts: 248
Likes: 0
From: New Jersey
You are wrong. I don't think you're understanding. It makes no difference whether it's a lease or a purchase, full coverage insurance is full coverage insurance and whom ever the money is owed to that's who will get paid. BUT it’s all relative to the KBB of the car. Taxes and fees are not used towards the residual value so that money is lost, down payments and deposits that turn into down payments are not lost.
Super Member
Joined: May 2008
Posts: 850
Likes: 1
From: NYC
2009 C63 AMG Black on Black PP Package CF fully loaded
Correct, pay now or pay later, like i said, if you can find a secure savings account that would pay you the exact same percentage that your lease rate is, such as 7.45%(here in canada for c63), then you may take your 8k and lock it in and not lose or gain, but if all the banks are only paying you a small amount of percentage for a saving account or whatever investement portfolio you can find, then put the money down on the car, because, if your car is leased for 3 or 4 years and you have to pay about 30 to 40 thousand for the duration of your lease, then you are paying that lease rate percentage on the total amount owing which can be huge, were as if you put say 20k down and your payment are like 600 on the road a month, you just made money by having to pay a much less on the "borrowed or leased" amount. I would only go in at zero down if i could find someone who would pay ME 7.45% for savings, if not more. The zero down approach is great when the lease rates are 0.9 or 1.9 or even 2.5% such as many american automakers, then it makes sense to put little or nothing down. On higher yielding lease rates it is wise to go in a it higher...if you can. Lastly, your insurance will cover that amount on a newly leased car, Last Emperor. Hope this makes sense, if not sorry, this is all from my personal experience in my line of work. Nick.
MB World Stories
The Best of Mercedes & AMG
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
10 Most Reliable Mercedes-Benz Models You Can Buy Used
Verdad Gallardo
Member
Joined: Jun 2008
Posts: 150
Likes: 0
From: AZ
2008 ML320 CDI
finally found my papers from the dealer on guestimated lease quote for an 09. total price was $62,000, residual 58.00% with 2020 down payments would be 1209. that was just a guess since he had no idea what the price would be on an 09.
says he might have a lead on an 09, so i guess i'll see soon.
says he might have a lead on an 09, so i guess i'll see soon.
