KotaroSZY

Hey guys,

I'm a remote worker in the California Bay Area, and I'm looking for a budget-friendly car to hang out instead of using Uber all the time.
I found a deal on Leasehackr for a nearly fully loaded 2024 C43 (MSRP around $77,000) with 15% off MSRP and $0 down payment. The deal includes $3,100 due at signing and $800+ monthly after tax. (7,500 miles per year 36 months lease,residual is 62%)
Is this a good deal that I should consider?
Initially, I was looking at a 2024 BMW M240i, but their quote is only $1,500 off an MSRP of around $55,000, and the monthly payment would be $970.(7,500 miles per year 36 months lease, residual is 55%)

Thanks for your advice!

alexasa

iTrader: (1)

it's an okay deal. This is about what they should be by default. Pricing has finally come down from Covid times. That probably brings the car to just above Invoice which is historically was the goal on these cars.

Is the residual really only 62%? That sounds like the 10k mile/year number unless much has changed in a year.

joeshannon095

There is about 6% difference between invoice and MSRP on a new Mercedes. 12.25% is invoice plus holdback, so true dealer cost. Residual is set by the manufacturer and non negotiable.

theautodiplomat

Hey there!
Is this a 2023 or 2024?

KotaroSZY

Yes, 7500 mile/year for C43 is 62%, and BMW is only 55%.

KotaroSZY

It's a 2024

KotaroSZY

In this case, 15% off is kind of good deal?

theautodiplomat

The money factor for August is 0.00201, down from 0.00285 in July. This reduction saves you around $100 per month on your lease term.