2013 C63 AMG coupe lease
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2010 M3 coupe
2013 C63 AMG coupe lease
Hello everyone,
This is my first post on this forum, I am currently driving a 2013 M3 coupe, it was a 36 monthes lease which will end next month, I am considering the C63 coupe, however, I've never driven a Mercedes in my life, therefore, I have no idea about the pricing range.
What is considered a good price for a C63 coupe atm in SoCal? The best offer i got on a lease was invoice price, is there any further space on negociating? Please share me your experience, thank you!
This is my first post on this forum, I am currently driving a 2013 M3 coupe, it was a 36 monthes lease which will end next month, I am considering the C63 coupe, however, I've never driven a Mercedes in my life, therefore, I have no idea about the pricing range.
What is considered a good price for a C63 coupe atm in SoCal? The best offer i got on a lease was invoice price, is there any further space on negociating? Please share me your experience, thank you!
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2013 C63
Efifity is correct in that lease prices on M3s are much lower than on C63s. I looked at both, but ended up leasing a 2013 C63 in SoCal last week. The car is pretty loaded with an MSRP right at 80k. I ended up paying 1150 a month with minimum drive off. Had to work a couple of dealers against each other to get that though.
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Efifity is correct in that lease prices on M3s are much lower than on C63s. I looked at both, but ended up leasing a 2013 C63 in SoCal last week. The car is pretty loaded with an MSRP right at 80k. I ended up paying 1150 a month with minimum drive off. Had to work a couple of dealers against each other to get that though.
Btw, it was a typo, my m3 is 2010.
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2013 C63
Yes, that includes tax. The residual was 59% - not sure of the money factor off hand. Will try to remember to check tonight.
#7
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Assuming this was for 24month? My 36 month that I just signed for last week (C63 Coupe) was 56% residual and .002 money factor - on a 36mo 15k/yr lease.
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2013 C63
#9
Leases
This car isn't the best to lease because of the depreciation.
However if you're considering buying vs. lease you're still looking at managing about $700-$800 worth of depreciation per month.
If you've got the up front $$$ you might want to look at a one pay lease. MBFS will discount your MF by .0080 turning a .00210 lease into .00130 (effectively 3%) which on an $80k car will drop your effective monthly by about $80.
Fly - Std residuals are based on 15k miles. 12k raises it 2%, 10k another 1% and 7,500 another 1%. Your MF was also correct at .00205.
Get a good discount on the car and it will help the 24 mo lease a lot. I'm trying to get mine under $800 per month and the lease puts the depreciation in MB's hands, not mine. It isn't easy without a sizable cap reduction... You need a big discount off sticker.
For $1150 a month buy the car with 72 mo 2.99 financing. A 72k s/b able to be had for $4-$5k off. Net at 68, and zero down equals $1,132 per month. You'll need strong credit...
However if you're considering buying vs. lease you're still looking at managing about $700-$800 worth of depreciation per month.
If you've got the up front $$$ you might want to look at a one pay lease. MBFS will discount your MF by .0080 turning a .00210 lease into .00130 (effectively 3%) which on an $80k car will drop your effective monthly by about $80.
Fly - Std residuals are based on 15k miles. 12k raises it 2%, 10k another 1% and 7,500 another 1%. Your MF was also correct at .00205.
Get a good discount on the car and it will help the 24 mo lease a lot. I'm trying to get mine under $800 per month and the lease puts the depreciation in MB's hands, not mine. It isn't easy without a sizable cap reduction... You need a big discount off sticker.
For $1150 a month buy the car with 72 mo 2.99 financing. A 72k s/b able to be had for $4-$5k off. Net at 68, and zero down equals $1,132 per month. You'll need strong credit...
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But then what happens in 30 months when he goes to sell and the car is worth 40k on the open market and he owes 42k? I disagree with your recommendation, these cars are terrific candidates to lease - terrible depreciation, no interest in owning out of warranty, thin secondary market, significant risk if accident happens (no one will buy it), hassle of selling the car used and tire kickers, etc.
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2013 C63
OP, I checked again and my money factor was .00175 which I was told was only available to those with tier 1A credit (whatever that means).
I don't know that you were on the fence about leave vs. buy, but since others have commented I would just add that I didn't find the lease on the C63 to be terrible. It is certainly not as good as the M3 but was far better than the RS5, each of which I also looked at carefully.
There are a number of variables that weigh in favor of leasing or buying, and there are many threads on the subject. In the end, I believe the calculus comes down to personal perference as to how long you tend to want to keep your vehicle. I enjoy a new car every 3 years, while my wife gets attached to her vehicles and prefers to keep them longer. So we lease my car and buy hers.
I don't know that you were on the fence about leave vs. buy, but since others have commented I would just add that I didn't find the lease on the C63 to be terrible. It is certainly not as good as the M3 but was far better than the RS5, each of which I also looked at carefully.
There are a number of variables that weigh in favor of leasing or buying, and there are many threads on the subject. In the end, I believe the calculus comes down to personal perference as to how long you tend to want to keep your vehicle. I enjoy a new car every 3 years, while my wife gets attached to her vehicles and prefers to keep them longer. So we lease my car and buy hers.
Last edited by JLinz; 03-19-2013 at 10:46 AM. Reason: Added info
#12
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The sedan I ordered has a msrp. of 80,380. Dealer,so far discounted the car 2100.00 maybe another grand. I've given 2500.00 deposit. There's about 175.00 in fees. So with a cap cost of about 76,000.00 on a 36 mon. 15k/year, and 7% sales tax, I should be looking for a monthly payment around 1100 to 1200?? with tax. Not sure if my math is right. How much does residual change for 24 mon. lease?
#14
It's going to depend on his miles...
You're right, buying you can be upside down for quite a while. Plus you have 100% of the tax liability up front, potentially $7k in this case. If you're thinking you may be out in 24-36 months, lease (if you understand how it works). Leasing can be very dangerous, .00350 MF, higher than MSRP cap costs with big drive offs, etc... Look at Swap a lease for examples... http://www.swapalease.com/lease/details/2012MercedesBenzEClass.aspx?salid=778907
Comes down to each person's situation. I personally like leasing as I get a new car every couple years. I've done purchase, one pay lease and monthly leases. Depends on money factors, residuals and incentives. It helps to have a solid relationship w/the dealer and research the numbers before shopping.
Best lease ever was the '12 E350 blutec with a 79% residual and a $10k discount from MSRP, less than $400 a month for a $58k car. But it's not an AMG....
You're right, buying you can be upside down for quite a while. Plus you have 100% of the tax liability up front, potentially $7k in this case. If you're thinking you may be out in 24-36 months, lease (if you understand how it works). Leasing can be very dangerous, .00350 MF, higher than MSRP cap costs with big drive offs, etc... Look at Swap a lease for examples... http://www.swapalease.com/lease/details/2012MercedesBenzEClass.aspx?salid=778907
Comes down to each person's situation. I personally like leasing as I get a new car every couple years. I've done purchase, one pay lease and monthly leases. Depends on money factors, residuals and incentives. It helps to have a solid relationship w/the dealer and research the numbers before shopping.
Best lease ever was the '12 E350 blutec with a 79% residual and a $10k discount from MSRP, less than $400 a month for a $58k car. But it's not an AMG....
But then what happens in 30 months when he goes to sell and the car is worth 40k on the open market and he owes 42k? I disagree with your recommendation, these cars are terrific candidates to lease - terrible depreciation, no interest in owning out of warranty, thin secondary market, significant risk if accident happens (no one will buy it), hassle of selling the car used and tire kickers, etc.
#15
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So am I in the ballpark w/ estimating a monthly payment of 1100-1200 for a 36 mon. 15k/yr lease? Should I try for more, like around 1,000/mon. Since the car is just been built, it will still be a few weeks out. But when I ordered the car, it felt like I gave up a little negotiating power.
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2013 C63
So am I in the ballpark w/ estimating a monthly payment of 1100-1200 for a 36 mon. 15k/yr lease? Should I try for more, like around 1,000/mon. Since the car is just been built, it will still be a few weeks out. But when I ordered the car, it felt like I gave up a little negotiating power.
You can and should certainly negotiate the price of the vehicle now, but the dealer cannot commit to the other lease terms (residual and money factor) until your car actually arrives.
#17
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So am I in the ballpark w/ estimating a monthly payment of 1100-1200 for a 36 mon. 15k/yr lease? Should I try for more, like around 1,000/mon. Since the car is just been built, it will still be a few weeks out. But when I ordered the car, it felt like I gave up a little negotiating power.
Also, your dealer can sign you this month to take advantage of the trunk money, if your car is arriving at the end of this month. That's what we did. I may not actually take delivery until April but will get the Trunk Money from March. If it was built on the 14th or before, you may be on this boat with me... the California Highway It's out of range now, but due in Brunswick on March 31.
Last edited by fly2nite; 03-20-2013 at 09:01 PM.