clkwork

I've been thinking about this for a while, and I'd really hate to do it, but my CLK63 lease has been eating up my "play money" that I have come to love and it may be time to move on.

Anyway, I wanted to test the waters to see if anyone would be interested in assuming my lease. It's a 60 month/12,000mi annual standard lease through Mercedes-Benz and the payment is only $1602.89. The first payment was in October 2008 so you'll have about 52 months before you can opt to purchase or turn her in. As of this moment there are only 7,445mi on the clock. Of course it's in flawless condition and all service is up to date.

If you are interested please send me a PM. I don't think opportunities to own a car like this for this cheap come that often, which is why I'm having a really tough time letting her go. I just have too many other hobbies eating up too much of my money to have it all

Here are some threads with pics

https://mbworld.org/forums/clk63-bla...my-clk-bs.html

https://mbworld.org/forums/clk63-bla...-series-2.html

LZH

How were you able to get your monthly payment so low ???
When I bought mine the lease numbers were astronomical. You must have put a huge amount down ??

clkwork

The dealership was very motivated to sell this car... I only paid about 60% of sticker after all was said and done. Honestly they were working with me because if it were anything over $2000 I couldn't afford it unless I wanted to eat ramen noodles for the next 5 years. I'm hoping someone will throw some cash my way to assume the lease

clkwork

Did I mention that it has the iPod integration kit? I guess that means it's "fully loaded"

LZH

So it was used when you bought it ?

clkwork

It was brand new, never titled (I checked), 14 miles on the clock. I took this pic after I had the car a few days

Lizard

How does the warranty works when its comes to this lease? Assuming that it's 4 yrs, 50k right? So are you responsible for anything after that during the remaining term of the lease? Very nice car.

LZH

If that is the case you are CRAZY to sell it, but good luck regardless.

clkwork

Exactly. You'd be responsible for any repairs the final year or you can buy an extended warranty from MB.

Jeff

clkwork

Thanks. I'm feeling pretty crazy right now to tell you the truth.

alexander stemer

What is the residual value?

clkwork

$49,014

AMGSC

Tempted. Need to check with my SO...Glad I paid off my C55.

Klinh

You don't need to touch "stock options"........if you would stop putting your money on the C55 2 years ago, you would also have the BS pay off by now too.

ET550

I hate to disillusion you, but with a $49k residual you did not pay 60% of sticker. Your total payments of $1600/mo for 60 months equals $96k plus the $49k residual equals $145,000 if you want to own the car or get out of the lease early. That sounds like full sticker to me. Its the same problem for anyone assuming the lease. They will be paying $83k over the remainder of the lease and will have nothing to show for it, when they could buy a used one for around the same price and have a car to sell at the end of 4 years. People get so caught up in the size of the lease payment that they lose sight of the real economics of the deal. This lease was a home run for the dealer.

nielsll

Finally, someone who understands dealer / lease economics.

clkwork

I paid 83k for the car, but I had some neg eq on my trade, minus some down payment. For a business owner that can write off part of the payment this is a great deal. Thanks!

edit: just wanted to say that your numbers are forgetting one thing, the interest that you'd pay over the life of the lease. If you were to lease any other car with a net cap of 96k your payments would be way higher than mine.

JamE55

For a brand new never titled BS that was an incredible deal. Although $1,602.89 per month.

Nonetheless good luck with the sale.

clkwork

Thanks

Here are the lease numbers I ran from MBUSA just a second ago for a 09 SL550 for comparison. Whether you'd have a slightly used CLK63 BS or SL550, well, that's up to you.



And here are the lease numbers for a SL600, about the same as a CLK63 if you paid full sticker. *cough*

Vic55

60 months Luke cures most payment woes but it hooks you in for the whole time. If I lease, its 24 months since I have CAR ADD. But check my numbers below and you will see that his payment should be much less based on cost, IF he didnt have a negative equity trade.

You got this car new for 82800 or close in Sept 2008? The dealer must have over compensated for a trade.


You cant add his full payment to your equation (to determine what he paid)since some of his payment is sales tax (if VA is not upfront) and the dreaded MBCC lease money factor which must be heinous on car like this and its cap cost. What you determined is his total cost if he keeps the car for 60 months and if he pays out the residual interest free (cash buyout).

If the OP didnt have a neg trade then his net cap would have been around 83k minus the 49k residual and he would have 34k in depreciation over 60 months which is about 567 dollars plus the MBCC MF (lets say .00375). So we take net cap of 83k plus the 49k times .00375 and we get 495 dollars in MF which brings us to 1062 plus sales tax (lets say 8%) so his payment is 1146.00. This is if the OP paid 83k and the residual was correct at 60 and the MF is correct. The neg trade must have been huge if no down was involved to get to the 1603 per month number (if the MF was .00375) but either way the OP was buried in a trade.

clkwork

^^ Thanks for clearing that up Vic. Your numbers look about right.

I just checked my papers again, originally the price was 88k but the dealer gave me 5k while we were working on the numbers, apparently he put that towards my trade which put me pretty close to even after a couple thousand I put down (I assumed it was towards the car, but I guess it doesn't matter). After taxes and fees my net cap was just over 98k. It doesn't show my MBCC MF but I believe its around .004. It's kind of funny how the sum of the payments work though, I'm pretty much leasing the car for free but at full MSRP.

Vic55

No worries, ill lease your car for the remainder of term but I dont want to cover the negative equity.

clkwork

Ha, I bet you would. If I have to pay someone to take her I'll probably just keep it, I'm not that motivated.

mfncl63

what will make it challenging for you is that if someone can buy one used for $85k and get a 5 year loan at 5% he would pay $1600 per month and he owns the car after 5 years. good luck.

clkwork

Well, assuming you didn't have anything down out the door would be closer to 95k depending on sales tax where you live. 7.85% would be a better number for a 60mo used assuming you have good credit, giving you payment around $1920. But I see what you're saying, it's pretty close.