Checking to see if this is a good deal for 2021 Mercedes Benz AMG C43 Sedan
State: TX
Vehicle: 2021 Mercedes-Benz C-Class AMG C 43 4MATIC Sedan
MSRP:$64720.00
Net Cap Cost:$57154.00
Residual Amount:$37537.60
Residual Percent:0.5800
Approx. Payment:$649.06
TOTAL:649.06
Miles: 10K
Term:36
ENTRY FEES
Cap Cost Reduction:$2999.00
Broker Fee:$595.00
Bank Fee:$795.00
1st Pmt:$649.06
TOTAL DRIVE OFF:$5038.06
That’s a great discount but we need more information, did it include incentives that you qualify for? And what’s the money factor? I like many others would suggest not putting $2999 down, use that money for MSDs instead.
Having current, accurate information for residual value, money factor, and incentives is important in understanding your deal. As such, going directly to a source that has access to that data from the captive banks is your best option. The forums at Edmunds are where we go to get that information, as they have direct access to it from the captive banks. You’ll want to post in the model specific thread for the vehicle you’re interested in and request the most current numbers for your zip code. It is often easiest to find that thread by searching Google for “Edmunds lease” followed by the model of vehicle you’re interested in.
I think you need to know exactly what a good deal is before you even start to think about talking to a dealer.
It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.
We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.
Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
Pick a specific vehicle that you want to target
Gather the current MF, RV and incentives from Edmunds forums for your zip code
Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.
With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.