Leases
12-15-2008, 02:09 PM
#1
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Leases
What are you guys leasing C63's for recently?
I have a call into the dealer and he is running numbers for me.
He is checking into 25k miles/year and wasn't sure of prices.
Any idea?
Thanks!
I have a call into the dealer and he is running numbers for me.
He is checking into 25k miles/year and wasn't sure of prices.
Any idea?
Thanks!
12-15-2008, 02:21 PM
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'13 E63, '15 GL450, '12 Range Rover Sport
I got quoted last week for 24 month lease and 10k per year: a money factor that was 11% interest rate equivalent (crazy!) and a residual of 64% (good!)...but with 11% interest rate equivalent it was cheaper by a few thousand a year to finance most of it at 5.25% for 60 months which I did.
12-15-2008, 02:28 PM
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'13 E63, '15 GL450, '12 Range Rover Sport
Here is the worksheet I used to make my decision:
MSRP $73,200
Discount - $4850
What I’m actually paying for car: $68,350 + 7.25% tax ($4955) = $73,305 + doc/license/fees ($900) = $74,205
TOTAL ALL IN COST FOR CAR WITH DISCOUNT/TAXES/FEES THAT I HAVE TO BRING TO TABLE NO MATTER WHAT I DO LEASE/FINANCE OR PAY CASH = $74,205
IF I PAY CASH
Value of car after 24 months, 50%-55% of MSRP $36,600 to $40,260
Net Depreciation after 24 months $68,350 - $36,600 = $31,750 (most I will be out) or $68,350 - $40,260 = $28,090 (least I will be out)
SO – I lose $28,090 to $31,750 over 24 months (excludes the taxes and fees of $5855 I brought to table to buy the car) if I buy the car outright and sell it for 50% to 55% of MSRP or $14,045 to $15,875 per year.
TOTAL INCLUDING TAXES AND FEES I’M OUT AFTER 2YRS IF I BUY with CASH:
$33,945 to $37,605 or $16,972 to $18,802 a year all in
IF I LEASE
24 month lease with no money down: $1527 a month plus $5272 due at signing
Total cost for 24 months $1527x24 + $5272 + $500 disposition fee = $42,420 or $21,210 per year
TOTAL I’M OUT IF I LEASE is
$42,420 or $21,210 per year all in
IF I FINANCE ALL AT 6.49% for 72months and SELL AFTER 2YRS:
If I finance all $68,350 at 6.49% for 72 months and only pay taxes and fees AND sell the car in 2yrs for $36,000 to $40,000
Monthly payment is $1,148 and I will after 2yrs have paid $28,715 in principal and interest, $5855 in taxes and fees, owe $47,557 on the loan and receive cash for the car of between $36,000 to $40,000 which is $1,148x24 + $5855 + $47,557 - $36,000 or $40,000 = $40,964 to $44,964 all in cost for 2yrs or $20,482 to $22,482 per year
TOTAL I’M OUT IF I FINANCE THE WHOLE THING AT 6.49% FOR 72 MONTHS AND SELL CAR AFTER 2YRS IS
$40,964 to $44,964 or
$20,482 to $22,482 per year all in
IF I FINANCE $50,000 FOR 60 MONTHS AT 5.99%, AND BRING $18,350 TO TABLE AND AND SELL AFTER 2YRS:
I bring $18,350 to the table plus taxes and fees of $5855 and finance the remaining $50,000:
Monthly payment of principal and interest is $966.41, and after 2yrs I will have paid $24,159 in principal and interest, owe the bank $30,963 on the loan and sell the car for $36,000 to $40,000
So, $18,350 + $5855 + $24,159 +30,963 - $36,000 or $40,000 = $33,472 to $37,472 or $16,736 to $18,736 per year I’m out
TOTAL I’M OUT IF I FINANCE $50,000 AND BRING $24,205 TO THE TABLE IS
$33,472 to $37,472 or
$16,736 to $18,736 PER YEAR ALL IN
MSRP $73,200
Discount - $4850
What I’m actually paying for car: $68,350 + 7.25% tax ($4955) = $73,305 + doc/license/fees ($900) = $74,205
TOTAL ALL IN COST FOR CAR WITH DISCOUNT/TAXES/FEES THAT I HAVE TO BRING TO TABLE NO MATTER WHAT I DO LEASE/FINANCE OR PAY CASH = $74,205
IF I PAY CASH
Value of car after 24 months, 50%-55% of MSRP $36,600 to $40,260
Net Depreciation after 24 months $68,350 - $36,600 = $31,750 (most I will be out) or $68,350 - $40,260 = $28,090 (least I will be out)
SO – I lose $28,090 to $31,750 over 24 months (excludes the taxes and fees of $5855 I brought to table to buy the car) if I buy the car outright and sell it for 50% to 55% of MSRP or $14,045 to $15,875 per year.
TOTAL INCLUDING TAXES AND FEES I’M OUT AFTER 2YRS IF I BUY with CASH:
$33,945 to $37,605 or $16,972 to $18,802 a year all in
IF I LEASE
24 month lease with no money down: $1527 a month plus $5272 due at signing
Total cost for 24 months $1527x24 + $5272 + $500 disposition fee = $42,420 or $21,210 per year
TOTAL I’M OUT IF I LEASE is
$42,420 or $21,210 per year all in
IF I FINANCE ALL AT 6.49% for 72months and SELL AFTER 2YRS:
If I finance all $68,350 at 6.49% for 72 months and only pay taxes and fees AND sell the car in 2yrs for $36,000 to $40,000
Monthly payment is $1,148 and I will after 2yrs have paid $28,715 in principal and interest, $5855 in taxes and fees, owe $47,557 on the loan and receive cash for the car of between $36,000 to $40,000 which is $1,148x24 + $5855 + $47,557 - $36,000 or $40,000 = $40,964 to $44,964 all in cost for 2yrs or $20,482 to $22,482 per year
TOTAL I’M OUT IF I FINANCE THE WHOLE THING AT 6.49% FOR 72 MONTHS AND SELL CAR AFTER 2YRS IS
$40,964 to $44,964 or
$20,482 to $22,482 per year all in
IF I FINANCE $50,000 FOR 60 MONTHS AT 5.99%, AND BRING $18,350 TO TABLE AND AND SELL AFTER 2YRS:
I bring $18,350 to the table plus taxes and fees of $5855 and finance the remaining $50,000:
Monthly payment of principal and interest is $966.41, and after 2yrs I will have paid $24,159 in principal and interest, owe the bank $30,963 on the loan and sell the car for $36,000 to $40,000
So, $18,350 + $5855 + $24,159 +30,963 - $36,000 or $40,000 = $33,472 to $37,472 or $16,736 to $18,736 per year I’m out
TOTAL I’M OUT IF I FINANCE $50,000 AND BRING $24,205 TO THE TABLE IS
$33,472 to $37,472 or
$16,736 to $18,736 PER YEAR ALL IN
12-15-2008, 02:34 PM
#4
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Location: Pittsburgh, PA
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2009 C63 AMG
I got quoted last week for 24 month lease and 10k per year: a money factor that was 11% interest rate equivalent (crazy!) and a residual of 64% (good!)...but with 11% interest rate equivalent it was cheaper by a few thousand a year to finance most of it at 5.25% for 60 months which I did.
