Recent 2020 C300 threads for comparison:
I have never financed a car before state-side so i will be considered a first time buyer. Bought my last car in Canada. My credit rating will be at about 700, credit history pretty much spotless besides one old charge-off for $74 I knew nothing about (4 years ago), but itâs paid.
Can you tell me what MF and MB are? Though I could probably look it up lol.
nvm got itâŚyouâre referring to the money factor at MB LOLâŚthanks! Will get that info!
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MB(Mercedes Benz), MF is money factor, also research for the RV(Residual Value), they can be found on Edmund.
With your credit profile, Youâre probably at Tier 2 to Tier 3, but if you have solid income or maybe even a co-signer, Tier 1 is possible too.
A lot of work And research ahead of you man, but could save you few hundred bucks per month.
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Whew this actually is good news. I donât mind the savings obviously!!
Hey guys, donât mean to hijack the thread but its my first time posting so I apologize any mistakes in advance.
I am currently in the market for a 2020 C300 4Matic sedan and below are the numbers a local dealer gave me.
zip=08816 (NJ)
MF=0.00075
Residual 56%
MSRP=$52,070
Sale price=$44,560
12k/year at 36 months
Tier 1 credit
with $3,620 DAS, the payment is $483.09. I am attaching the quote he provided.
after a few other texts, he came back and said he will take an additional $1k off, but with $2k down, my monthly price is $523
unless things changes in the last 3 years, now the NJ taxes are paid up front? is that right becuase it wasnt like that 3 years ago.
something doesnât add up as my calculations are nowhere that high.
Last time around i got the car at around the same price with $2100 down and only paid 444/month for the exact same terms with a higher MF(0.00089) compared to now (0.00075)
-vince
Other than the tax, not matching to $1224.71 the rest numbers looked right to me.
The discount is about 14.4% not sure if there is incentive for this month but my guess will be yes. (most likely already included in the 14.4% off)
I think you can roll the NJ taxes into the monthly.
Your first deal is okay but Iâd try to get another 2-3% off. Not sure if NJ allows MSDs but if so and you max it out at $5k itâll save $2k over the 3yrs.
Yes, NJ tax is upfront.
Am I reading this right? -theyâll discount another $1k and youâre putting down $2k cash but your payment will go from $483 to $523??
If looked the Calcs it matched almost perfectly.
agree that you can push a lit more.
Itâs always been thus. You can roll them into your payment which means youâre paying interest on it.
NJ does allow for MSD but i dont think i am going to put any towards it.
so basically started at $483 but with over 3K down, and then dropped the sale price by 1k, and I said i wont put down more than 2K so then came back with the monthly of $523.
any reason why the drive off is $3,654? i donât remember paying NJ tax up front. my last lease for the same exact car, right around the same sale price is $444 with tax included. This is more money down, and still higher monthly even if the tax is not included.
The breakdown on the fees are all in your offer in the square box. Totals $3,620.
Your calculator has incorrect numbers in it. You canât compare your last deal. The selling price, MF and RV were probably different than what youâre getting today.
This calc is identical to the deal sheet of what theyâre offering.
Did you still have the lease work sheet from the last lease? I bet the mf maybe lower and fees maybe lower too. We can check it.
here is the last lease. the MF was 0.00089 which was higher than this year. i can only think the RV was different?
Depreciation value,
old lease $13724.46
new lease $15,400.80
the differences= $1676.34 (RV is low for this year, you pay more)
total lease payment (36Mo)
old $18245.95
new $ 20528.93
difference= $2282.98 (means you are paying more)
Also I noticed that taxes is N/A based on $444.57 PM
and if you looked the end of the contract, $1110.54 is the total tax, but I am not sure if you paid upfront or not.
and NJ fees has been increasedâŚ
thank you very much for that. its the type of breakdown and understanding i was looking for.
do you guys think its a decent deal or can i push for more?