First time leasing. How does this deal look?
2017 Mercedes C300 P1 Sport
Loaner with 9800 miles
MSRP: $47,680
Selling Price: $36,200
Trade-in: $0
Months: 36
Annual Mileage: 12000
MF: .000102
Residual: $26,296 (55.15%)
Security Deposit: 10 MSDs
Total Due At Signing: $850 + $4500 MSDs (1st month + fees)
Zip Code: 70420
Sales Tax Rate: 9.75%
Monthly: $321 + tax
Leasehackr Score: 11.9
There seems to a lot wrong here. I think the March residual is 65% for 36/10 I know there are miles on the car but still looks off. If you’re doing 10 msd’s your total due at signing would be 10x your pre-msd payment plus the other stuff. All that being said if your drive offs (not including msds) the deal is not bad.
Residuals were updated and corrected. It’s the same as January now. Apparently MBFS wised up.
It was good while it lasted. 66% on 36 months was amazing.
sorry, yeah $850 + $4500 for MSD — being that the MSD is refundable I didn’t include it as a cost.
This is my understanding too. Residual from my research is 59% on 36/12. This deal has 9800 miles so residual was reduced accordingly.