No tax credits this month. They are offering a $2k loyalty rebate which I can try to negotiate.
Send me details and pics
Finance through a credit union instead?
The actual VIN is W1KMJ6CB6SF079274. They used wrong VIN when I asked for quote given that we had clarity on delivery date. End of May
Ah ok that makes sense the way you explained it. The VIN you’re specing is a Coupe AMG53 (not a convertible)
What I think threw me (and probably everyone else) for a loop is the quote sheet random vehicle they picked was a Cabriolet. Which if their ELead system used that to auto-populate the lease economics would completely hose you since convertibles have higher money factors and worse residuals.
IMO your deal is basically in the worst spot possible. You went to Autonation which is absolute trash to order it. And you picked Graphite Grey Magno which always commands a premium until the dealer realizes they held on too long.
@anon2 @Wildgift @p0tat0 and others know these custom build magno paint jobs are pay to play (they were hunting GLC coupes… but it’s the same problem).
IMO, unless you bail on your order… the best you’re probably going to be able to get is 5% off MSRP and shedding the terrible add-ons. Finance this with a Credit Union.
Appreciate the insights. Thank you
They used the wrong VIN. Should be this one VIN
W1KMJ6CB6SF079274
What data points should I be analyzing? Thanks
That was just an example of a bad lease. There were other metrics that made it a bad lease as well such as dealer add ons, lack of discount, huge down payment, etc. If you don’t know much about leasing, it would probably be good to hire a broker, but this car isn’t going to be a good candidate for a “hackable” lease. It’s always going to be expensive, but a broker could get you a much better deal than this.
That’s what I would do.
Credit Union Rates are pretty steep. 6% for loans with a term between 48 and 60 months. Payments end up being higher than lease payment
No true. I know at least one with 5.49%/72
My CU keeps offering me 4.25%.
Regarding the whole loan monthly costs more than a lease thing… a loan payment is principal + interest while a rent charge is depreciation + interest (aka a rent charge). With a loan, you’ll eventually “build equity” in your car since those higher payments eventually result in a net benefit principal pay down.
Cars depreciate the most up front, but eventually each new month of depreciation on a loan is net cheaper than the depreciation on the lease.
If your plan was always to sell your CLE53 in 36 months with reasonable miles/usage, buying with a loan then selling is going to cost more than had you just leased anyway. Because, you’re selling the car before you enter the better part of the depreciation curve.
But if you’re willing to buy and keep your CLE53 for a while, eventually your cost of ownership is cheaper on the loan than a lease.
I wrote about that breakeven point here - the LH calculator has a lease vs buy analysis for just this reason (thanks to @ursus). But I wish the opportunity cost of those higher monthly payments on a loan were also factored.
@delta737h can also enlighten more about this.
To both @li8625 and @Bumboola talking about listing your 911s, please PM me when you are ready next month before u post em on transfers
Best i got was 1086 month, 6.7k down. But car was 90k msrp
30k DAS 1k a month.
Don’t forget the $10k broker fee!
Payable to @IAC_Scott*
*he’ll use it as a down payment on a X7 M60i to get me to 30% off
Wanna trade/ swap cars
I am also looking to get this car and now confused if I should be financing it or leasing it