09 CLS550 lease quote.need advice
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Junior Member
Joined: Feb 2008
Posts: 58
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mercedes cls550
09 CLS550 lease quote.need advice
i got a quote from a local dealer here in southern ca for CLS550.
msrp 80265.the car has sport pkg,premium pkg.
24 month lease.$1015 + tax=1098 a month.10k miles/yr
3000 total drive off which covers bank fee,dmv fee and 1st payment of 1098 including tax.
is this a good deal guys?
msrp 80265.the car has sport pkg,premium pkg.
24 month lease.$1015 + tax=1098 a month.10k miles/yr
3000 total drive off which covers bank fee,dmv fee and 1st payment of 1098 including tax.
is this a good deal guys?
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
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From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
i got a quote from a local dealer here in southern ca for CLS550.
msrp 80265.the car has sport pkg,premium pkg.
24 month lease.$1015 + tax=1098 a month.10k miles/yr
3000 total drive off which covers bank fee,dmv fee and 1st payment of 1098 including tax.
is this a good deal guys?
msrp 80265.the car has sport pkg,premium pkg.
24 month lease.$1015 + tax=1098 a month.10k miles/yr
3000 total drive off which covers bank fee,dmv fee and 1st payment of 1098 including tax.
is this a good deal guys?
Thread Starter
Junior Member
Joined: Feb 2008
Posts: 58
Likes: 0
mercedes cls550
MBWorld Fanatic!
Joined: Aug 2004
Posts: 3,764
Likes: 9
From: Blasting off!
CLS63 Designo Edition, Hyundai Genesis 3.8 , Veloster Turbo, CLS500(Sold), E320 (SMOKED) R500 (Sold)
Personally, I would wait or negotiate some more. This is a buyers market, and I think you could do better.
I understand wanting the new COMAND, it is nice.
I understand wanting the new COMAND, it is nice.
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Joined: Sep 2005
Posts: 927
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From: Covington wa
05 SL500, 02 BMW Z3 (Mrs. VF), 05 FJR1300, 91 ZX-11
Hard to say if this is a good deal without knowing the money factor and residual value.
The money factor is the interest rate you are paying. Take the mf x 2400 to get the interest rate. Example: a mf of .0035 = 8.4 percent interest. You need to decide what an acceptable rate is for you. Me, 8.4 is too much.
The residual value determines how much depreciation you are paying on your lease, obviously the higher the better.
Check the monthly rates and residuals posted by lease compare to see what MB is offering and how to calc your payment knowing the msrp, mf, residual and term.
The money factor is the interest rate you are paying. Take the mf x 2400 to get the interest rate. Example: a mf of .0035 = 8.4 percent interest. You need to decide what an acceptable rate is for you. Me, 8.4 is too much.
The residual value determines how much depreciation you are paying on your lease, obviously the higher the better.
Check the monthly rates and residuals posted by lease compare to see what MB is offering and how to calc your payment knowing the msrp, mf, residual and term.
Thread Starter
Junior Member
Joined: Feb 2008
Posts: 58
Likes: 0
mercedes cls550
Hard to say if this is a good deal without knowing the money factor and residual value.
The money factor is the interest rate you are paying. Take the mf x 2400 to get the interest rate. Example: a mf of .0035 = 8.4 percent interest. You need to decide what an acceptable rate is for you. Me, 8.4 is too much.
The residual value determines how much depreciation you are paying on your lease, obviously the higher the better.
Check the monthly rates and residuals posted by lease compare to see what MB is offering and how to calc your payment knowing the msrp, mf, residual and term.
The money factor is the interest rate you are paying. Take the mf x 2400 to get the interest rate. Example: a mf of .0035 = 8.4 percent interest. You need to decide what an acceptable rate is for you. Me, 8.4 is too much.
The residual value determines how much depreciation you are paying on your lease, obviously the higher the better.
Check the monthly rates and residuals posted by lease compare to see what MB is offering and how to calc your payment knowing the msrp, mf, residual and term.
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