Canadian C63 owners - What is the residual on your lease?
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From: Ottawa, Ontario, Canada
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From: Pittsburgh, PA
2009 C63 AMG
If you sum the payments of your proposed transaction, including the $15K down and residual, I'm sure you will be absolutely shocked at how much you are actually paying for the car.
From your brief post, all of your criteria are fine if you plan to take a loan out on the vehicle, not a lease.
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.
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You may see me posting around here, pouncing into action as the lease police.
If you sum the payments of your proposed transaction, including the $15K down and residual, I'm sure you will be absolutely shocked at how much you are actually paying for the car.
From your brief post, all of your criteria are fine if you plan to take a loan out on the vehicle, not a lease.
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.
If you sum the payments of your proposed transaction, including the $15K down and residual, I'm sure you will be absolutely shocked at how much you are actually paying for the car.
From your brief post, all of your criteria are fine if you plan to take a loan out on the vehicle, not a lease.
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.
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From: Montreal
2009 C63 AMG, 2009 BMW 328Xi
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
No worries here!
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.
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
Interest Rate.
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
MBWorld Fanatic!
Joined: Apr 2008
Posts: 1,853
Likes: 9
From: Ottawa, Ontario, Canada
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
Junior Member
Joined: Jun 2008
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BMW 545i
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
MBWorld Fanatic!
Joined: Apr 2008
Posts: 1,853
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From: Ottawa, Ontario, Canada
SLS Irridium silver,2014 GL350 BT Irridium, 2015 White Dodge RAM Hemi Quad
If you make that much or whatever you make, I wouldnt go around feeling so proud , its not very becoming of you, besides there are lots and lots of members who make alot more than that...and dont talk about it. Thats a guarantee.
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
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Joined: Mar 2009
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From: Montreal, Quebec
2009 C63 AMG, 2013 ML350 BlueTec, 2012 VW GLI
I never said I was so happy. You guys said that.
Anyway, sorry about all the fuss. I didn't want to offend anyone but one guy started by saying that I shouldn't lease the car because I couldn't afford it. How the !@#$ does he know? That's why all this **** started.
Anyway, sorry about all the fuss. I didn't want to offend anyone but one guy started by saying that I shouldn't lease the car because I couldn't afford it. How the !@#$ does he know? That's why all this **** started.
