Vingard

MY18 GLC43

List $69,565

Selling price $65,043

36 Months
7500 Miles per year
$886.95 per month
$4466.90 due at signing + DMV Fees

Residual 57%
Money Factor .00158

VET11B

No it does not. If you buy and get a 7 year note through a credit union your payments will be less than that with about the same down. After 36 months the remaining principle on said note would be around $29K where the residual leaves you at $37K to buy out the car. Now, maybe you don't want the car after 3 years and can just turn it in, but that still doesn't make sense as trade in at that point would probably still be much more than what you would owe on the note. Not to mention that if you need to get out before 36 months it's going to be a lot harder than if you purchased.....

or....

I don't know what I am talking about, but it makes lots of cents to me.


Wait, $4466.90 plus tax+tag? or is the tax include in the $4466.90 number? ugh....nevertheless my model works for the financing as that is what my worst case scenario is based on ($65,616) and my payment works out to ~$860 a month.


What State and what is the sales tax rate? In the lease the sales tax is only on the leased bit which will be much less, but even if sales tax is something dumb you'd still be better off buying based off of residual.

/rant

Vingard

Thanks for the suggesting an alternative. What interest rate are you assuming on the note? The initial $4466.90 includes sales tax @ 7.375%.

dieseldoc

Sales tax will vary depending on the state. In Texas you get screwed. You pay tax on the entire price of the car minus your trade. If you do not have a trade, no luck.

SawyerB

I think your lease numbers are a little high. At 7500 miles per year you would qualify for highest residual because you are giving the car back with 22500 miles on it and will be very easy for the dealer to sell upon turn in. Most leases are 12k miles per year. 57% is a good residual, but your .00158 money factor equals a 3.7% interest rate which is high. If you have good credit you should be able to cut that interest rate in half. MB offers many different interest rate tiers. Also your due at signing should be at most your 1st months payment, your acquisition fee and your DMV fees. 4466.90 is much more than that. Ask to see what makes up that number. If you still want to lease make sure 7500 miles per year are all you need and then you still have room to negotiate on your due at signing and money factor. There is a great app called leasematic that allows you to plug in numbers and gives you a good idea on payments too.

VET11B

My rate is 3.3% and loan amount is figured on $64,616. I am glad my response brought some more info on leases as I am weak in that area. That tax is hurtful, but is still in line with what you are putting down. Good luck!!

SawyerB

VET11B please note by no means was I saying an interest rate in the 3's was high for a finance or purchase - that is very standard. For a lease it's a bit high- both of our Mercedes have .00097 money factors which is more typical with a lease and equates to a 2.3 interest rate. Also to quickly figure out the interest rate on a lease multiply the money factor by 2400.

VET11B

Did not take it that way at all. Like I stated above I am by no means an expert on leases.

Rainers

Try leasehakr.com, also there is a MB Finance member on this site that can help you answer your questions by name of mercedesfinance

https://mbworld.org/forums/members/385135-mercedesfinance.html