What do you think of this deal? Should I go for it?
2019 Mercedes C43 AMG - New - White on Red
**MSRP: $66820
**Selling Price: $61692
**Monthly Payment: $912 after tax
**Drive off amount: $5410.05
**MSD:
**Incentives:$5128
**Months:36
**Annual Mileage:12k
**MF:0.00125
**Residual:$35,414(53%)
**Region:Georgia
Certainly doesn’t strike me as a very good deal. I would hate to be paying nearly 4 figures on a $67k C43. [edit: just realized you’re also paying $5,400 upfront, so that’s way over $1,000/mo effectively] But that’s what happens when you combine a measly 6% discount with a brutal residual, and the manufacturer is doing nothing to support it.
No idea what this is cause I don’t know of any $5,128 rebates. And if that were the case, then the dealer would be selling it to you at MSRP.
You’d be better off buying the car at that payment. Especially considering the drive off amount.
it wasn’t totally rebate… there were couple grand discount and some appreciative incentive.
I don’t know of any C43 incentive. To me it looks like they’re just giving you a 6% discount and hoping you help them meet Q1 revenue goals ahead of schedule
Thanks for the advice. I think I should just buy it instead or look something else.
Is this a coupe?
Yes it is coupe.
that’s a bit high imo, you are pretty much at c63 money.
edit: Not sure how the whole georgia tax thing is impacting the deal, maybe look for the breakdown pretax and then compare it to other deals on this site if there are any. Like others have said, not much discount or incentives on the car itself. not sure how you feel on the m3/m4 but that would be more car for that 4 figure ish monthly.
I’m out in SoCal but I was able to get 10% discount without any negotiation. Definitely push for a greater discount.
Does anyone know the Georgia sale tax for Leasing this car?
Selling price: $61692
Residual:$35,414
the dealer quoted Georgia tax to be $4413.04!!
Is that correct?
A quick google search shows that tax is paid up-front (or rolled into financing) at the rate of 7.0% of the vehicle’s selling price, per the Georgia Department of Revenue.
Which, if applied to your numbers above, looks accurate down to the dollar.
https://dor.georgia.gov/tavt-calculation-new-leased-vehicles-hb-340-2017-0
“ * Effective January 1, 2018, Georgia House Bill 340 requires that the Department of Revenue (DOR) provide two methods of calculating TAVT for new, leased vehicles:
- The previously used calculation method based on vehicle value (either the value contained in the DOR assessment manual or the agreed upon value contained in the lease agreement, whichever is higher), or
- A new calculation method based on the total of the base payments pursuant to the lease agreement (including any down payments).”
I think you’re right! Hmm…
yeah thats why I said not sure how georgia tax impacts the deal, the old tax law was brutal, the new one is much more friendly for leases. It seems like the dealer is using the old tax law, if so you could pay half the tax and lower your monthly a good bit, even then I think the incentives and lack of dealer discount are hurting your monthly.
I have been shopping for a while for C43 sedan. 12% is easy to get on it, don’t know about a coupe. Also, try to find high volume dealers in your area or go out of state. Push to use base MF and max out the MSDs.
@MoneyforNothing The car is already in California. Yes you are right I should push for some more discount and what do you mean by Base MSD?
Push for base mf then do full MSDs. Dont let the dealer tell you you can lower it from an inflated starting point with MSDs
I’d appreciate you too if I was that dealer.