CLK 550 Cab lease
#1
CLK 550 Cab lease
Guys I need some help...
My CLK is up on its lease and I just drove a 550 cab
MSRP 67ish with options, the dealer claims to have knocked be 3k off...so 64k...39 mos..850/mo, 4k down
Where should I be payment wise and how much down?
I'm thinking 739/mo, maybe 1 or 2 gs down...is this an outrageous lowball?
help needed asap
My CLK is up on its lease and I just drove a 550 cab
MSRP 67ish with options, the dealer claims to have knocked be 3k off...so 64k...39 mos..850/mo, 4k down
Where should I be payment wise and how much down?
I'm thinking 739/mo, maybe 1 or 2 gs down...is this an outrageous lowball?
help needed asap
#2
MBWorld Fanatic!
Guys I need some help...
My CLK is up on its lease and I just drove a 550 cab
MSRP 67ish with options, the dealer claims to have knocked be 3k off...so 64k...39 mos..850/mo, 4k down
Where should I be payment wise and how much down?
I'm thinking 739/mo, maybe 1 or 2 gs down...is this an outrageous lowball?
help needed asap
My CLK is up on its lease and I just drove a 550 cab
MSRP 67ish with options, the dealer claims to have knocked be 3k off...so 64k...39 mos..850/mo, 4k down
Where should I be payment wise and how much down?
I'm thinking 739/mo, maybe 1 or 2 gs down...is this an outrageous lowball?
help needed asap
#3
Maybe convertible models are more in demand now but I got 7K off from MSRP for my coupe.
I think you should be able to get a better deal because you don't see many 550s on the road... (probably not selling much?)
I think you should be able to get a better deal because you don't see many 550s on the road... (probably not selling much?)
#5
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
That sounds closer. What is the money factor/interest rate, MSRP, purchase price and residual value? That is the only way to know if you are getting a good deal.
Contact some independent lease companies like leasecompare.com or fleetrates.com and see what they can do.
Contact some independent lease companies like leasecompare.com or fleetrates.com and see what they can do.
#6
MSRP $69,245
invoice $65,125
selling price $57,723
24 mo. with 10K miles
1300 drive off 799 inc of tax
money factor .00210
36 mo. with 10K miles
1300 drive off 780 inc of tax
money factor .00190
This is for a 550 cab with pkg 1 and Nav, heated seats
Does this sound OK?
invoice $65,125
selling price $57,723
24 mo. with 10K miles
1300 drive off 799 inc of tax
money factor .00210
36 mo. with 10K miles
1300 drive off 780 inc of tax
money factor .00190
This is for a 550 cab with pkg 1 and Nav, heated seats
Does this sound OK?
#7
MBWorld Fanatic!
MSRP $69,245
invoice $65,125
selling price $57,723
24 mo. with 10K miles
1300 drive off 799 inc of tax
money factor .00210
36 mo. with 10K miles
1300 drive off 780 inc of tax
money factor .00190
This is for a 550 cab with pkg 1 and Nav, heated seats
Does this sound OK?
invoice $65,125
selling price $57,723
24 mo. with 10K miles
1300 drive off 799 inc of tax
money factor .00210
36 mo. with 10K miles
1300 drive off 780 inc of tax
money factor .00190
This is for a 550 cab with pkg 1 and Nav, heated seats
Does this sound OK?
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#8
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
What is the residual?
On the 24 month assuming a residual of 63%, the payment should be around 800 + tax. the interest rate is 5.04%
On the 36 month assuming a residual of 56%, the payment should be around 709+ tax. the interest rate is 4.56%
On the 24 month assuming a residual of 63%, the payment should be around 800 + tax. the interest rate is 5.04%
On the 36 month assuming a residual of 56%, the payment should be around 709+ tax. the interest rate is 4.56%
#11
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
Also, I don't understand what this line means: 1300 drive off 799 inc of tax
It sound like you are not putting any cash towards capitalized cost reduction. Break the 1300 down for me. Is it your first payment+tax+acquisition fee etc or what?
When you are leasing, you need to be very detailed about all aspects of the deal otherwise the dealer ends up lining his pockets at your expense.
#12
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
Don't know where he is getting his rate info, but I'm calculating it using the formulas provided by leasecompare in the leasing forum. I created a spreadsheet that spits out payment if you have the msrp, purchase price, money factor, down payment, tax rate, residual percent etc.
#13
Thanks Velvet..yes the $1300 is drive off. But I have not yet asked for the breakdown. If dealers just were transpapernt in their deals they would probbaly save alot of time and make the customer happy. I will ask not the breakdown, but it is First payment+tax+acquisition fee etc
#14
I assume from looking at teh May '07 MB lease rates in another Form on MWworld that the residual is:
24 Month – Residual 65% of MSRP – .00210 Base Rate
36 Month – Residual 55% of MSRP – .00190 Base Rate
24 Month – Residual 65% of MSRP – .00210 Base Rate
36 Month – Residual 55% of MSRP – .00190 Base Rate
#15
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
24 month:
MSRP $69,245.00
Purchase Price $57,723.00
Down Payment $-
Cap Cost $57,723.00
Residual % 65% $45,009.25
Term 24
Money Factor 0.0021 5.04
Monthly Depreciation $529.74
Monthly Interest $215.74
Payment $745.48
36 Month:
MSRP $69,245.00
Purchase Price $57,723.00
Down Payment $-
Cap Cost $57,723.00
Residual % 55% $38,084.75
Term 36
Money Factor 0.0019 4.56
Monthly Depreciation $545.51
Monthly Interest $182.03
Payment $727.54
MSRP $69,245.00
Purchase Price $57,723.00
Down Payment $-
Cap Cost $57,723.00
Residual % 65% $45,009.25
Term 24
Money Factor 0.0021 5.04
Monthly Depreciation $529.74
Monthly Interest $215.74
Payment $745.48
36 Month:
MSRP $69,245.00
Purchase Price $57,723.00
Down Payment $-
Cap Cost $57,723.00
Residual % 55% $38,084.75
Term 36
Money Factor 0.0019 4.56
Monthly Depreciation $545.51
Monthly Interest $182.03
Payment $727.54
#17
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I just got numbers today.... $69,245 MSRP, 7,500 miles/year, 24 months, 2007 clk550 cab w/ p1, heated seats + nav, black on black, $545 + tax/month w/ $4,999 driveoff. That equates to $730/month before taxes.
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05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
MBV - Both of those numbers do not include tax. You didn't say what your tax rate was so I couldn't calcualte it.
#20
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2005 CLK500
don't see that many 500's on the road either...mostly 320's and 350's.
#21
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07 clk 550 , 07 xlr
#22
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