MockbaBenz

My lease is ending on the e350 next month, and I have my eyes on two cars the ClS and the C63. Now I probably would rather go with the c63, and was wondering what the lowest lease price you have heard of yet?

GBlansten

www.leasecompare.com

MockbaBenz

It seems like the prices on leasecompare a quite a bit higher than what you can get at the typical stealership.

MockbaBenz

It shows for a 07 E350 $950 a month with $3,000 down.... thats pretty rediculous as I am paying $500 with 3k down.

reelgr

Ya, I wouldnt go by lease compare numbers... If you really know how to negotitate a lease, you are better off playing with the numbers with a few of your local dealers.

Always negotiate the sales price first and then plug in your money factor and residuals.

My lease on the my 2007 G35 is up in 2/09 and I plan to start working the dealer as close to invoice as possible over shortly.

Would be nice if we can get the car at 1000/month. But I haven't seen or heard of anyone pulling it off, unless coming out of pocket with a big down payment...

Glock Guru

I pay $0.00 per month with only $62,750.00 down out the door for as long as I care to keep it.

taylorcoleman

I don't recommend a lease. The residual and money factor are horrible.

Try what I did -- take a loan from penfed.org with a $23K balloon payment after 5 years. Payment is $731 a month after I paid the sales tax and apx. $5k down payment. Alternatively, just buy the thing at 4.75% for about $1,100 per month over 5 years (but the former you can always pay more per month if you'd like).

The C63 is the first car that I did not lease. Lovin' it.

MockbaBenz

That sounds like a great deal, now if you decide to sell the car. Will you have to pay the finance company with interest due?

taylorcoleman

In a balloon loan, your principal balance is higher each month versus a traditional loan because a balloon loan has a lower monthly payment. So, you are paying down the principal balance more slowly, thus paying more interest over the life of the loan. So if I have a 5-year loan with a balloon payment, and if I sell my car, I'm responsible for the principal balance at the time I sell (which will be higher than with a traditional loan).

In my case, after 3 years for example, my principal balance will be about $39K. If I had a traditional loan, my principal balance would be about $25K. However, I'm saving $13,140 in loan payments over these 3 years by going with the balloon loan. So if I can generate a return on my money at greater than 5%, I'm better off.

Obviously the downside of a balloon loan is that you must pay the balance at the end of the loan (or refinance it), at which time, the car may not be worth that amount. Another downside is that you pay more interest than with a traditional loan (but that MIGHT be offset by investing the difference in your monthly payment and having a higher rate of return than your loan rate). The good news is that you can always pay down the principal amount anytime you want (but just make sure there is no pre-payment penalty).

Blk04cobra1

I agree leasecompare.com cannot seem to be able to compete on the E-class lease. Mainly b/c MB Financial has nice programs out for them. They can however compete on the AMG models b/c MBF usually does not have any specials for the AMG.

CynCarvin32

I agree that for an E350 its crazy but AMG cars lease like trash. It will be 1250-1500 depending on lease terms and duration.

Makes you see your E350 as a steal as it was a 55k car. The C63 is a 63k car and its going to easily be 3x the cost a month.

Also should note that in 2007 the MB lease on an E350 was extremely cheap. The price I pay for my E350 daily driver is just crazy. Its less than a Honda Accord and I put nothing down. An E350 now will be closer to mid 600's easily.

blownS

I put $2K down and got 15K miles/yr at $1015/month thru leasecompare on my 09 C63. My credit is pretty good tho.

KyleE

Will leases let me go up to 25k miles per year? How will this effect prices?

drop997stop

check with MB financial. I know before they had some specials on Cls and e 63- for around 999 a month for the e and 1299 for the cls 63- i think they wanted 6K down but you can work that number

rory breaker

I am a penfed member and this is interesting...I never ever keep cars for more than a year or two, and the C63 scares me in that respect - I do not want to owe $35k on a car worth $30k in 2 years.

It seems in my case, this would not be beneficial as it actually increases the payoff amount since monthly payments are lower. Im slow with this lease/finance stuff, but if Im only going to keep the car for 24 months MAX, this still holds true correct?

rory breaker

options?

reelgr

hey rory - like you, i prefer 24 month / 15k mile leases as there is always something better in 2 years time that I want....

So we will have to pay more for it, but I prefer not to buy the car and have to deal with the hassle of the sale...

reelgr

I have not seen MB do 25k mile leases.. up to 18k I believe... of cousse the residual value of the car drops the more miles you put on it, making your payments greater.


Because the lease numbers suck on AMG's, I am looking at BMW's. I really wanted a convertible, so was considering the 335i vert, since the M3 vert is ridicously over priced.


Either way, I'm shopping for the best deal for me

blownS

Everything except PP and Teleaid.

beemaze

Lease is the way to go for me since I use my cars for my business/corporation.

Back in Oct., I leased my pre-ordered and fully loaded C63 (PP, etc. minus Tele-Aid) at MSRP for 36 mos/12k per year with 59% residual with .00259 money factor through US Bank. All I know now is that lease rates seem to be going up on the higher-end/specialty cars. (Like when I leased the Nissan GT-R this month, I locked in the lease for a so so rate, then the rate increased after 4 days, whew!) I have very good credit as well.