Canadian C63 owners - What is the residual on your lease?
04-02-2009, 07:03 AM
#26
MBWorld Fanatic!
Join Date: Apr 2008
Location: Ottawa, Ontario, Canada
Posts: 1,853
Likes: 0
Received 9 Likes
on
8 Posts
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
Hey Morro, no bitterness here, but I do know how the members are going to react, so to be fair, I am cautiously letting you know, dont start this talk here, because there will definetely be a huge backlash and you will soon become ostersized as I have seen many a times here. DOnt want that happening to a fellow Canadian, especially one from "la belle province"
04-02-2009, 07:29 AM
#27
Super Member
Join Date: Oct 2008
Location: Pittsburgh, PA
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG
Whenever I hear something to the effect, "If I put [$x] down (with x being a large number), my payments are only [$y] per month", I assume there is a cash flow issue. But that was not my main point.
My my point was that the C63 is not a lease friendly car, though your Canadian lease rates are much better than in the US I believe. You'd be better off (financially) taking a loan with a balloon payment, putting $15,000 down. This will likely have a lower cost of capital, keeps your payments at or near lease payments, save you money, and give you the flexibility to sell the car (during what would be the lease term) if necessary.
So I just wanted to clarify, and don't want to invoke any flaming. Enjoy your C63--it's been my favorite car.
04-02-2009, 08:05 AM
#28
Super Member
Join Date: Oct 2008
Location: Pittsburgh, PA
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG
Well, generally, you might be right. However, I have been in situations where the lease rate was heavily subsidized (i.e. much lower than the finance rate) and the buy back was heavily supported (i.e. much higher than what I think the market value of the car will be at the end of the lease). In these cases, you are better off leasing the car since you are in effect borrowing at a lower rate than you could have had you finance it. It's really a case by case, and you would be surprised how often you get heavily subsidized lease rates and artifically high buyback. It happened to me with a Volvo and a Jaguar before.
04-02-2009, 10:01 AM
#29
Member
Join Date: Mar 2009
Location: Montreal, Quebec
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
So, are we cool?
Hey Morro, no bitterness here, but I do know how the members are going to react, so to be fair, I am cautiously letting you know, dont start this talk here, because there will definetely be a huge backlash and you will soon become ostersized as I have seen many a times here. DOnt want that happening to a fellow Canadian, especially one from "la belle province"
Just want to be clear, I never let anyone know what I make but my buttons were pushed on this one. Anyway, thanks for your patience and understanding and hope we can all be friends.
Ciao!
04-02-2009, 01:17 PM
#30
Junior Member
Join Date: Mar 2009
Location: toronto
Posts: 31
Likes: 0
Received 0 Likes
on
0 Posts
C63 AMG audi r8 v10
im not lease the car im buying it out
my packages are
AMG PERFORMANCE PACKAGE
CARBON FIBRE PACKAGE
and the PREmium package
these 3 packages are everything
well if u want 0 Down to lease i guess is 1000 CAD a month ( around there)
my packages are
AMG PERFORMANCE PACKAGE
CARBON FIBRE PACKAGE
and the PREmium package
these 3 packages are everything
well if u want 0 Down to lease i guess is 1000 CAD a month ( around there)
04-02-2009, 02:38 PM
#31
Member
Join Date: Mar 2009
Location: Montreal, Quebec
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
Actually, with 0 down its about $1500/mth tax in.
04-02-2009, 03:25 PM
#32
Junior Member
Join Date: Jun 2008
Posts: 17
Likes: 0
Received 0 Likes
on
0 Posts
BMW 545i
04-02-2009, 03:36 PM
#33
Member
Join Date: Mar 2009
Location: Montreal, Quebec
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
So my unsolicited recommendation is to either take a loan out on the car with $15K down, or don't get this car.
But hell, I've been there, done that, been stupid about leasing cars that I could not afford in the past. Sometimes it takes that painful experience to not repeat it.
I gathered you meant that I could not afford this car either from your comment.
Sorry if I misunderstood but that is a direct quote, I was careful!!!!
04-02-2009, 05:09 PM
#34
Super Member
Join Date: Oct 2008
Location: Pittsburgh, PA
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
2009 C63 AMG
This is what you said:
So my unsolicited recommendation is to either take a loan out on the car with $15K down, or don't get this car.
But hell, I've been there, done that, been stupid about leasing cars that I could not afford in the past. Sometimes it takes that painful experience to not repeat it.
I gathered you meant that I could not afford this car either from your comment.
Sorry if I misunderstood but that is a direct quote, I was careful!!!!
So my unsolicited recommendation is to either take a loan out on the car with $15K down, or don't get this car.
But hell, I've been there, done that, been stupid about leasing cars that I could not afford in the past. Sometimes it takes that painful experience to not repeat it.
I gathered you meant that I could not afford this car either from your comment.
Sorry if I misunderstood but that is a direct quote, I was careful!!!!
04-02-2009, 05:35 PM
#35
MBWorld Fanatic!
Join Date: Apr 2008
Location: Ottawa, Ontario, Canada
Posts: 1,853
Likes: 0
Received 9 Likes
on
8 Posts
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
Absolutely, we are not far from each other and I travel to MTL quite a bit on weekends, so maybe we'll meet up sometime. Are you italian?
04-02-2009, 06:35 PM
#37
Junior Member
Join Date: Jun 2008
Posts: 17
Likes: 0
Received 0 Likes
on
0 Posts
BMW 545i
This is what you said:
So my unsolicited recommendation is to either take a loan out on the car with $15K down, or don't get this car.
But hell, I've been there, done that, been stupid about leasing cars that I could not afford in the past. Sometimes it takes that painful experience to not repeat it.
I gathered you meant that I could not afford this car either from your comment.
Sorry if I misunderstood but that is a direct quote, I was careful!!!!
So my unsolicited recommendation is to either take a loan out on the car with $15K down, or don't get this car.
But hell, I've been there, done that, been stupid about leasing cars that I could not afford in the past. Sometimes it takes that painful experience to not repeat it.
I gathered you meant that I could not afford this car either from your comment.
Sorry if I misunderstood but that is a direct quote, I was careful!!!!
04-02-2009, 08:10 PM
#39
Newbie
Join Date: Dec 2008
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
Ram 1500
I just visited the MB canadian site and plugged in a $15,000 down payment on a 12,000 km per year lease. I selected the premium package as an option plus the $800 paint option. The payment per month works out to $652.04. I've owned a successful business for the last 14 years and I know I can write a lot of it off. After busting my *** for years I want something hot. I've owned Camaro's, WRX's, Trucks and other $30,000 cars. I now want something that I deserve: a C63.
Everyone be cool! Because some of the bickering and hating going on reminds me of the white trash I've had to deal with on some of the Camaro boards I belong to.
I'm less than 2 years away from buying this car, so I'm doing my research now!
Peace!
Everyone be cool! Because some of the bickering and hating going on reminds me of the white trash I've had to deal with on some of the Camaro boards I belong to.
I'm less than 2 years away from buying this car, so I'm doing my research now!
Peace!
