solaraxis

For all the C63 canadian owners, if you leased the car, what residual is your lease at and how long is your lease?

SebringSilver

I don't know of anyone who leased theirs, at least not here in Vancouver. I don't know the details, but the lease deals didn't seem very attractive.

Morro

My residual after 36 month lease is $41,000 CDN. About 5 bucks US, ha ha.

That's with Premium Pkg.

Horde

May I ask how much you put down? I'm planning to drop $15,000, on a low mileage lease. The payments should work out to $600 a month. I would buy the car at the end of the lease.

Thanks

Morro

I put down 15000 and my payments including taxes (15%) and options ( Prem. Pkg.) and the dreaded Green tax ($2000) are $898/month.

1st amg

How is that? Doesnt make sense, way to low.

Dios

I put 40k down on a 5yr and i pay 770 a month. Yea that green tax is ****in bull****!!

Morro

Those are the exact numbers. I have the contract right in front of me. $898/month @ 6.4% w/$15000 down.

1st amg

Yours sounds bang on, though try to negotiate the dealer to eat that green tax, as I did and some other member did in Canada.

Dios

Man 6.4% I got 7.5%, dont matter i am gonna pay the B*tch down fast

taylorcoleman

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.

MattAu

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.

Slick_R_AMG

Hey Morro, which Dealer offered you 6.4%,I'm paying 6.9%??Is that 36months?

Morro

Dude, I make 15k/month so I'm not really that worried.

Morro

MB Laval but only because I was a previous MB customer.

Morro

I even got an $800 discount on top of that.

1st amg

Thats a crappy discount for a returning client.

Morro

That plus .5% less on my lease (Works out to $20/month or $720 total)

So, put the 2 together and you get $1520.

I'd say that's not bad.

1st amg

Some of us Canadians, myself included got the .5% discount for returning clients, plus I got $2500 off MSRP.

MattAu

Dude, you made $15k/mth and you get so happy saving $1.5k over 3 years?

Morro

Now you know why I make that much. The more I save, the more I make!

Da!!!

1st amg

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.

Morro

why so bitter?

NORTH 44 C63

Why so convinced your getting a GREAT Deal?? You can do much better. We all did....

Morro

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.