Date registered: Jul 2008
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Can You Help Me Analyze These 2 Leasing Transactions?
Hi there, I need some help on analyzing these two leasing opportunities. Are they good deals? Which one would you choose? Would you do the deal? If not, why? Thank for your help.
CLK 350 C;
Premium 1 Package; Command Navigation System; Sirius Satellite Radio; Heated Seats; Ipod Intergration Kit
Total Price$ 54,470
Lease offer is $425.00/month; Inital Payment $3,500 (This is not a deposit but for taxes; dest. fee, acquisition fee etc).; $32,682 Residual; 7500 miles per year; 27 month lease. (I really wanted a 39 year lease, but the monthly payment went up to where I was not interested)
C 300 Luxury Sedan
Premium 1 Package; Multimedia Package - Command Navigation System; Sirius Satellite Radio; Heated Seats; IPod Intergration Kit
Total Price$ 40,650
Lease offer is $423.69/month; Inital Payment $3,309.23 (This is not a deposit but for taxes; dest. fee, acquisition fee etc) $25,203 Residual; 7500 miles per year; 39 month lease.
Please let know what you think . I know that the milage is low, but that is fine as I live New York City and do not drive much.