PART 1
Wanted to get your input on this deal for a 24 month lease on a C300 2024 standard package. I am also doing a trade in.
For some reason the numbers aren’t adding up the same for me on the Calculator. But this is what I get on the calculator. CALCULATOR
This is my first time leasing and I want to get the best deal and make sure I’m not being charged any unneeded fees or mark ups. Any help is very appreciated
Here’s an update on what I have gotten them down to. For some reason his quote isn’t adding up on the Calc when I plug in the numbers. Calculator w/ Rate Findr
MSRP - $48,135
Purchase Price - $39,913 Including $2000 AMEX Incentive
$473.18/mo 24 mos 10,000/year ($2805.22 down to pay off sales tax/fees)
MF 0.00187
The dealer is only willing to give me $20,000 for my car and not $21,500, which it got appraised for somewhere else. I would like to do a trade in so I have less taxes.
The DAS is different since I have a trade in vehicle, Texas will only tax me on the difference of the trade in vehicle and new vehicle I am leasing.*
Yes. And a breakdown of the discounts if possible. C300 could come with a $1500 dealer cash from MB. This way we can calculate what dealer discount you are getting.
Then we can fill out the calculator. Just give the calculator a go and share. People here can help correct it and see if the lease makes sense.
I went ahead and edited my original post and included what I get on the calculator. For some reason it is not adding up to what they showed me on paper. I will attach it here for you as well. CALCULATOR
Should I put trade in equity on the calculator if I don’t want to use the equity towards the down payment of the lease? Since I want to do $0 down? Also, I don’t believe I am getting a tax credit? I know in texas you’re only taxed on the sales price of the new car minus the cost of your trade in.
Based on this thread (and, TBH, I didn’t read the whole thing), that only applies if you purchase/finance the new car or if you’re doing a BMW to BMW lease:
So they are cutting you check for $3.5-4K?
$750/mo for a $48K C300 seems like a lot to me (esp w/ the $1K in dealer add ons), but perhaps that’s just what they go for in TX? Unless you are wedded to a MB, perhaps see what kind of deals can be had a BMW 330i?
I they buy my car for $21,000, I would get a check for $5200. I would most likely use that to just pay all my taxes & fees upfront. They quoted me for $590/month, which seems like a lot to me, considering in California there are some going for $350 and under a month. I am trying to see if a dealership in CA might be willing to deliver and I pay a delivery fee. We will see. And yeah, unfortunately I am wedded to a MB haha.
How can I get my lease payment lower? Just ask for a lower sales price?
I am also working to possibly lease a C300. Are they using desking rates for the MF or APR? This was a huge thing that I had to figure out since I hadn’t ran a credit application, the MF was quoted at a 0.004 (9.5% APR.)
Once we actually narrow down what we want, I’d be fine to let them run my credit but until then, that’s the best they would quote without running it.
Maybe this is similar in your numbers? Just a thought.
Assuming the market value selling price is the MSRP, then they are already giving you a 13% discount (but then put in $1K of dealer adds on and are possibly shafting you another $1–2K for your trade in).
Is 13% off MSRP already pretty good for a C300 base? If so, then ask them to remove the add ons and to increase the trade in value.
And shop around at other dealerships, if you haven’t already.
To arrive at $591/month they must be using the trade equity in the deal. If I take out the trade equity, I’m at $7xx/month with the current sales structure (without trade equity…literally 1st month DAS only)
I can’t really do the sales tax correct in the calculator because of the trade.
