Is this a good deal or not?!!
Thread Starter
Newbie
Joined: Oct 2014
Posts: 1
Likes: 0
Nissan 370z
Is this a good deal or not?!!
Hello all!
I have been lurking on the forums for a while reading up and researching and I wanted to get your input on what you guys think about this leasing deal:
2014 C63 amg sedan
$650/ month with $10,000 down
3 year lease with 10,000 miles
Includes:
Lane tracking package
Limited Slip Differential Lock
Becker MAP Pilot pre-wirintg
Keyless-go
Sunroof
So let me know what you guys think!
PS. I love the amg!! such a godly car!
I have been lurking on the forums for a while reading up and researching and I wanted to get your input on what you guys think about this leasing deal:
2014 C63 amg sedan
$650/ month with $10,000 down
3 year lease with 10,000 miles
Includes:
Lane tracking package
Limited Slip Differential Lock
Becker MAP Pilot pre-wirintg
Keyless-go
Sunroof
So let me know what you guys think!
PS. I love the amg!! such a godly car!
MBWorld Fanatic!
Joined: Sep 2013
Posts: 1,673
Likes: 4
From: Pittsburgh
C63 AMG
Anytime you put money down on a lease it is a bad deal.
You will never see that $10k again!
Figure out what the payment is with $0 down take the difference and multiply it by 36. See if it is more or less than $10k. This is another way to tell if it is a bad deal. If it is less than $10k, then putting down $10k is a bad idea.
You will never see that $10k again!
Figure out what the payment is with $0 down take the difference and multiply it by 36. See if it is more or less than $10k. This is another way to tell if it is a bad deal. If it is less than $10k, then putting down $10k is a bad idea.
Junior Member
Joined: Mar 2012
Posts: 15
Likes: 1
M3
Agree with the others...
Have you considered picking up a used one? Think of it this way, you buy one for say, $40K...1 yr later how much would that have dropped? A few K if that?
The scenario above is $18K gone in the same time frame.
Have you considered picking up a used one? Think of it this way, you buy one for say, $40K...1 yr later how much would that have dropped? A few K if that?
The scenario above is $18K gone in the same time frame.
MBWorld Fanatic!
Joined: Oct 2012
Posts: 3,704
Likes: 19
From: Denham Springs,LA
'12 C63 Black Series, '12 ML350 BlueTech
Without knowing the residual/money factor on this deal I would say putting $10k down is already a bad deal !lol!
Usually dealers tend to mark up the money factor and/or acquisition fee. So ask for the details on this lease before signing even if the monthly payment is attractive.
Usually dealers tend to mark up the money factor and/or acquisition fee. So ask for the details on this lease before signing even if the monthly payment is attractive.
MBWorld Fanatic!
Joined: Sep 2013
Posts: 1,673
Likes: 4
From: Pittsburgh
C63 AMG
Without knowing the residual/money factor on this deal I would say putting $10k down is already a bad deal !lol!
Usually dealers tend to mark up the money factor and/or acquisition fee. So ask for the details on this lease before signing even if the monthly payment is attractive.
Usually dealers tend to mark up the money factor and/or acquisition fee. So ask for the details on this lease before signing even if the monthly payment is attractive.
MB holds good resale value so they can afford to do this. Having said that, they also provide great lease incentives to keep you in MB. Once you lease with MB they make it so hard to say no next time around.
The $10K is gone no matter if you turn in, or you decide to buy it out. It just drops the payment that's it. The buyout is still the buy out.
Having said that, if you put $10k down on a purchase (opposed to lease) then the $10K drops payment and the owner takes advantage of the $10K put down as it is vested in the car. It is then considered value in equity.
Kinda 101 but just in case some didn't quite understand it.
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Super Member
Joined: Apr 2014
Posts: 728
Likes: 6
From: Chicago, IL
2018 AMG E63s
I'm confused, doesn't more down reduce risk or variables? You've automatically got less to finance, and that's where I see risk. What am I missing here? Just curious. Or is this just specific to car leases?
Junior Member
Joined: Feb 2014
Posts: 49
Likes: 0
From: Ontario Canada
2015 GLA 250
Very good topic, can someone please explain why MB wants a down payment of $5500 usually if putting money down is bad.
I've built a few cars on both sites in Canada & USA and on the payment calculator they require that.
I understand bad credit giving money down, but if the person has 100% great credit it should be (0) down.
I've built a few cars on both sites in Canada & USA and on the payment calculator they require that.
I understand bad credit giving money down, but if the person has 100% great credit it should be (0) down.
MBWorld Fanatic!
Joined: Sep 2013
Posts: 1,673
Likes: 4
From: Pittsburgh
C63 AMG
Very good topic, can someone please explain why MB wants a down payment of $5500 usually if putting money down is bad.
I've built a few cars on both sites in Canada & USA and on the payment calculator they require that.
I understand bad credit giving money down, but if the person has 100% great credit it should be (0) down.
I've built a few cars on both sites in Canada & USA and on the payment calculator they require that.
I understand bad credit giving money down, but if the person has 100% great credit it should be (0) down.
I don't mind putting cash down on a house as that is immediate equity (in most cases).
Other than the fact that money is so cheap why tie up your own funds when you use the banks. Money is damn near free right now.
Last edited by Autosport7; Oct 2, 2014 at 09:11 PM.
