Just bought a new 2010 E550
09-15-2009, 10:34 PM
#26
MBWorld Fanatic!
Have you noticed downpayment for those leases ?
The main idea of leasing is no money down. You come with one grand and drive a car for 36 months for 600-700 hundred a month. Otherwise it does not make any financial sense. Let's say your car was stolen next day - you lose all money you put down. Never do it.
The main idea of leasing is no money down. You come with one grand and drive a car for 36 months for 600-700 hundred a month. Otherwise it does not make any financial sense. Let's say your car was stolen next day - you lose all money you put down. Never do it.
09-15-2009, 10:52 PM
#27
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Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
True. $5K down on that C is ridiculous.
Fortunately for me, I'm not one of those "need to have a new car" people, I kind of go with the "out of mind, out of sight" mantra. As long as I can choose a 1-3 year old car that's brand new in form, and CPO'd, I figure I'll come out better than, if not at least the same when it comes to using my $$ wisely on the car I'm purchasing.
Fortunately for me, I'm not one of those "need to have a new car" people, I kind of go with the "out of mind, out of sight" mantra. As long as I can choose a 1-3 year old car that's brand new in form, and CPO'd, I figure I'll come out better than, if not at least the same when it comes to using my $$ wisely on the car I'm purchasing.
))
09-15-2009, 11:46 PM
#29
MBWorld Fanatic!
When I returned our 07 C230 to the dealership when lease ended, they really f*cked up and I got a letter from MB a month later asking where the car is. Lol, at the same time, they forgot to charge for the extra mileage we put on. LOL, oh man, that was nice. We've leased GMs and a Chrysler before and they've never forgotten about the mileage.
09-16-2009, 09:57 AM
#30
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12 CLS550, 09 CLS550, 04Cooper,10 Cooper S
Not trying to rain on the guys parade, just surprised a bit, I'm just learning new things about Leases every day.
BTW, I don't know if it's a Cali thing, but there are pretty attractive Leases right now (all things considered of course):
http://www.mbencino.com/specials/index.htm
$299 a Month to Lease a C? Pretty damn cheap, I'm thinking of trading my Mileage hog/DD Malibu in for one if that's the case. A bit smaller but can't say I won't enjoy driving it a lot more while putting the hard miles on it.... Then again, being a Lease, that puts "Mileage hog" kind of out of the question so maybe not....
Also E350's @ $699 a month, not too bad either, considering it's still a newly-launched car.
& CLS for $869.
BTW, I don't know if it's a Cali thing, but there are pretty attractive Leases right now (all things considered of course):
http://www.mbencino.com/specials/index.htm
$299 a Month to Lease a C? Pretty damn cheap, I'm thinking of trading my Mileage hog/DD Malibu in for one if that's the case. A bit smaller but can't say I won't enjoy driving it a lot more while putting the hard miles on it.... Then again, being a Lease, that puts "Mileage hog" kind of out of the question so maybe not....
Also E350's @ $699 a month, not too bad either, considering it's still a newly-launched car.
& CLS for $869.
I am using the C class lease on the website that was linked:
Sure they look like a small amount a month but the down payment which is capitalized cost reduction is more than a years payment at $299 on the C.
plus 10K a year is crap mileage.
Also, at a $34K MSRP, that C class is a manual with no options
Of course the monthly payments are low. By making a huge down payment, you are making several monthly payments before you leave the lot.
Kinda like renting an apartment with a years rent up front and then having a low monthly payment.
Ideallly, you should not pay any more than 1st payment, tags & deposit (if required) when you leave the dealership with a leased car.
Car dealerships rarely have these bare bones cars on the lot they just use these potential low payments to lure you in and then try to get you to purchase a car that will lease for at least $100 more a month with the same huge initial down payment if you want to keep your payment low.
09-16-2009, 04:10 PM
#31
MBWorld Fanatic!
Ideallly, you should not pay any more than 1st payment, tags & deposit (if required) when you leave the dealership with a leased car.
Car dealerships rarely have these bare bones cars on the lot they just use these potential low payments to lure you in and then try to get you to purchase a car that will lease for at least $100 more a month with the same huge initial down payment if you want to keep your payment low.
Car dealerships rarely have these bare bones cars on the lot they just use these potential low payments to lure you in and then try to get you to purchase a car that will lease for at least $100 more a month with the same huge initial down payment if you want to keep your payment low.
09-16-2009, 05:09 PM
#32
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Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500
These lease rates are insane.
I am using the C class lease on the website that was linked:
Sure they look like a small amount a month but the down payment which is capitalized cost reduction is more than a years payment at $299 on the C.
plus 10K a year is crap mileage.
Also, at a $34K MSRP, that C class is a manual with no options
Of course the monthly payments are low. By making a huge down payment, you are making several monthly payments before you leave the lot.
Kinda like renting an apartment with a years rent up front and then having a low monthly payment.
Ideallly, you should not pay any more than 1st payment, tags & deposit (if required) when you leave the dealership with a leased car.
Car dealerships rarely have these bare bones cars on the lot they just use these potential low payments to lure you in and then try to get you to purchase a car that will lease for at least $100 more a month with the same huge initial down payment if you want to keep your payment low.
I am using the C class lease on the website that was linked:
Sure they look like a small amount a month but the down payment which is capitalized cost reduction is more than a years payment at $299 on the C.
plus 10K a year is crap mileage.
Also, at a $34K MSRP, that C class is a manual with no options
Of course the monthly payments are low. By making a huge down payment, you are making several monthly payments before you leave the lot.
Kinda like renting an apartment with a years rent up front and then having a low monthly payment.
Ideallly, you should not pay any more than 1st payment, tags & deposit (if required) when you leave the dealership with a leased car.
Car dealerships rarely have these bare bones cars on the lot they just use these potential low payments to lure you in and then try to get you to purchase a car that will lease for at least $100 more a month with the same huge initial down payment if you want to keep your payment low.
09-17-2009, 10:45 AM
#33
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nothing right now
I dunno, for that money, I'd rather just put down like $25K, finance the rest, and probably pay a couple hundred dollars less a month (assuming the car comes out to about $70K for a loaded E550, after taxes), and then be able to sell it after 3 years for somewhere in the $30's or maybe even $40's, if I wanted to. You'd still come out better than simply paying that and Leasing.
Paying $45-ish thousand dollars to Lease one for a few years is just mind-blowing to me.
No offense intended to O/P, more power to you for having the ability and will-power to do that!
Paying $45-ish thousand dollars to Lease one for a few years is just mind-blowing to me.
No offense intended to O/P, more power to you for having the ability and will-power to do that!
I lease through my company and that is the only way it makes sense to me. If I was looking to buy for myself, I could not/would not put out $80,000.00 for personal transportation.
Shane D
