Doing what? I am considering (seriously) selling off my 2000 Mercedes C280 Sport edition. Just 75,000 miles. I am lookingto get about $6,000 for it. Taking that money and leasing a Mercedes C300 4Matic. What you think about this idea? I have one issue thoue. I need to be able to have my kids drive it when needed. I have never leased a car in my life and dont even belive in it but my C280 is driving me crazy and I think I need to replace it. My son is 20 years old. Clean record and clean driving record also. Can he drive the car when needed? Any feedback would be great.

 

Oh and also. If something happines is it covered by the dealer? And how much(Ball park figure)is it to lease a C300 Luxury or 4 matic?

 

Lease wise you will get a better monthly but insurance may be more since it will be a lease. With a lease you will be restricted to certain miles so be careful on the amount of driving done. Make sure you negotiate the residual and try to get the lowest interest rate possible. You will have to provide your own insurance and if possible get GAP insurance also which will help if incase something does happen.

 

I drive less than 10,000 miles a year. The inscurance will cost me more?

 

Yes sometimes it will cost more since the vehicle is a lease sorta like a rental. I am in a lease with my 2007 Yukon and my insurance rate was higher due to it being a lease.

 

Then you should be ok but be sure on the mileage allowed when you discuss the lease with the dealer.

 

Will my kid/ wife be able to use it if needed?

 

Your family will love the new car I'm sure.

WARNING>>>>>>>>>>dea lerships have many, many ways of making a leased vehicle look more appealing. You have to be smart
when you go in to lease a car and understand the ENTIRE process and what you are getting. My advice: before you go in, do a search online by just typing in "leasing a car" and study for an hour or so. You will end up saving yourself money and grief. The mileage is important. The terms are even more important. Do your homework!

 

Agreed.. You really have to ask questions because alot of things will not be discussed by the actual sales person but the finance manager when your ready to close the deal. If you just want to try the car and know your not going to put alot of miles on it then go for it "but" discuss the mileage and end of term residual if you do decide to keep the car other wise you will get a surprise your not going to expect. If you think about it you will be better off financing straight out this way you can trade in at a later time without worrying about negative residual on top of negative financed balance. Mercedes is offering a very low plus competative finance rate with good warranty mileage up to 100K now.

 

Yes on the family driving question as long as they are insured.