S-Class (W222) 2014-2020

Minimize upside down equity

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Old 12-03-2017 | 06:38 PM
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sexclass's Avatar
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2007 MBZ C230
Minimize upside down equity

Traded in my 15 lease back in april for a 17 c300 - 47k msrp $1500 down, 15k miles, lease protection and service for $691/mo. Payment is extremely ridiculous. Want to get into a new S560. Any advice besides lease swap?

best s class lease offer I've gotten so far is $3k down $1400 15k miles s450 106k msrp but payment jumped to $1900 w trade.
Old 12-19-2017 | 03:20 PM
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300SE1993's Avatar
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2012 S350 Bluetec, 2014 GLK250 Bluetec, 2000 CLK320 Cabrio
Trade value on your C300 is about $25K (give or take a couple $K). That's where the money loss is.
Old 12-19-2017 | 04:33 PM
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‘19 AMG S63
Originally Posted by sexclass
Traded in my 15 lease back in april for a 17 c300 - 47k msrp $1500 down, 15k miles, lease protection and service for $691/mo. Payment is extremely ridiculous. Want to get into a new S560. Any advice besides lease swap?

best s class lease offer I've gotten so far is $3k down $1400 15k miles s450 106k msrp but payment jumped to $1900 w trade.
Suggestion would be to keep your 17 c300 until lease end. If not, you will pay more for the next lease (such as $1400 to the $1900 you stated to cover the huge depreciation in just 8 mths). If you want to change cars like one changes their underwear then you need to pay for your loses by not rolling the loss into the lease if you want lower lease payments or next year when you want a '19 S560 you will pay $3000 per month for that lease (this assumes you first bought a '18 S450 this year). No disrespect meant here but it does not take a CPA to figure this out (by the way I am a CPA).

Last edited by MTrauman; 12-19-2017 at 04:40 PM.
Old 12-19-2017 | 09:39 PM
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Mitch Alsup's Avatar
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S600
Originally Posted by sexclass
Traded in my 15 lease back in april for a 17 c300 - 47k msrp $1500 down, 15k miles, lease protection and service for $691/mo. Payment is extremely ridiculous. Want to get into a new S560. Any advice besides lease swap?
Quit leasing, and hold onto your vehicles longer.
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