Need advices asap on a 2017 C63 coupe
11-28-2016, 02:48 AM
#1
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Need advices asap on a 2017 C63 coupe
Hi, is this a good deal on a 2017 C63 lease? I plan to buy the car at the end of the lease. Thank you.
Last edited by Klinh; 11-28-2016 at 03:44 AM.
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Klinh (11-28-2016)
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Klinh (11-28-2016)
11-28-2016, 02:36 PM
#4
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C63S Cab, Alfa Romeo 4c
Hard to tell. A lot going on with that lease. Putting money down on a lease is usually not recommended. They are "padding" both the money factor and the acq fee. My understanding is that the fee is 795, but dealers can add up to 300 of profit. Also my understanding from discussions on the edmunds.com forum is that the base mf is .00122 currently and that is what MBFS gets, but the dealer can add to this and most do if they can--all profit for the dealer. Not sure on the residual. I previously checked and I think it was 53%. I recently checked on the cab version and it is now 50% for 3 years. 55% is actually good for these cars, but it doesn't sound correct. Only way to compare payments on a lease deal is to have nothing down and no "fees" in the cap cost so the cap cost is just the selling price of the car and then it is just math. mf, residual and cap cost
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Klinh (11-28-2016)
11-29-2016, 01:42 AM
#6
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Don't do that lease. That much down on a lease in the car is a problem. If it gets totaled a month after you get the car the insurance will pay the rest of the lease payments and your money down is gone. Gap coverage does not cover this. Someone correct me if I'm wrong, but that is what I understand.
11-29-2016, 04:56 PM
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C63S Cab, Alfa Romeo 4c
That is my understanding as well on what happens to money down on a lease. When evaluating lease vs buy the accident issue is often overlooked. Big advantage to a lease on a high end car like this is that if you have an accident, you pay your insurance deductible, get the car fixed and then turn it in at the end of the lease. MBFS takes the loss. If you buy the car and the same thing happens then you take a huge hit on resale even if you can find a buyer. Total loss accident of course is not the same.
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11-29-2016, 07:41 PM
#8
Member
If you're putting 21000 down you should for sure just finance it. Especially if you have good credit and you're bank likes you. The interest is almost nothing on my car and your payment will only be $100 a month more.
