sigh Wow…appreciate the “kind” words 
I think the more important question here is if you felt like you were getting your money’s worth when you signed? Don’t let the outlier deals (they really are few and far in between in the grand scheme) posted on this forum put you in a bad way.
If you liked the car enough to put ink to paper then that’s what matters, just enjoy it and keep tabs on the resale value from time to time. — Maybe an outsized deal comes along down the way and you can bury most if not all the negative equity.
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Congrats on the car. Do live this gen C class. Pics?
There’s a way around that right? @EC99 @Ursus
If the second tax (on a buyout) is exempt then a buyout at an APR lower than the OP’s .00300 MF could be a good idea.
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Never do this.
Only go to a dealership to test drive the vehicle and sign documents to take delivery.
Negotiate everything before.
At least you are here now and are willing to learn from your mistakes.
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Didn’t follow nor read the whole thing, but yeah - you don’t pay the sales tax at buyout in VA.
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Post the dealer - we will hound them for 25% off an eqs
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They probably sold a bunch of EQS’s to leasehackrs and are now trying to make up for their loses.
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You’re getting killed.
I’d finance the car asap (there is a whole thread on here for credit union rates)
Any idea of your cap cost ? Did they get you for any warranties ? Add ons ?
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In all Fairness if the brand new 2023 design C300 is only worth $7.5k after 4.5 years, you’re ahead of the game.
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It’s ‘deals’ like this that make the EQS deals possible, so thank you OP! Enjoy in good health and next time around post deal here BEFORE you sign.
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Don’t be down on yourself at this point. Drive it like you stole it, im sure you’ll enjoy it at it’s core. Not like anyone here hasn’t done this before.
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I didn’t know you can get a 54 month lease? Wtf
OP you never want to go over 36 month leases b/c the warranty expires after that. Read as much as you can here and learn from your mistake and then apply it to the next lease, that’s how you will come up!
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What’s your current price to buyout the car now? Check with MB financial.
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That was my thought, too.
OP, look at the credit union thread to see if you can find a good rate for buyout/re-financing.
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It’s one thing to get a less than stellar deal on a new model, but the decision to lease this for 54 freaking months is just a horrible financial decision all around.
Sorry OP not to pile on here, but had you just financed it your payment would be within ~$100 of where you are now.
So instead of paying $40k plus to rent this thing then just give it back after 54 months, you’d pay slightly more but have thousands in equity and it almost paid off in the same time.
As everyone is noting above please look at refinancing this ASAP.
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Enjoy your new Benz and don’t beat yourself up over the deal you might have gotten. Dealers are specialists at cheating people but you won’t fall for that again. I agree with others suggesting looking into possibly buying the car. Seems like that would be a better financial path.
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I haven’t seen a bad deal like this in awhile, almost a humor shit post.
Should’ve just financed it lol.
Also everyone is ignoring the text he somehow had negative equity on a modern Acura suv - prob lost another $4-6k just there “ My trade in (Acura MDX), added 1,411 to the bottom line paying off the trade. ”
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I think it’s unfair for everyone to say “40k on a $47k car”. If you exclude VA taxes and the negative equity, it’s more like $675/mo, which is still high for a C300, but it’s not unusual to what we’ve seen other c300 and e350 go for in the SIGNED! database.
OP, probably find a financing bank to get you a lower rate than the 7.2% you’re paying currently. Seems like the dealer marked up the rate.
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Question to those suggesting buying out, would he not be paying the remaining balance + RV? Roughly 40K + 25K = 65K. If so, that would be bad as well.
Not questioning, I really am curious.