Question about 2007 Mercedes-Benz CLK350 Convertible

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CLK 350 Lease Question

Looking into leasing a 2008 CLK350 Coupe for 27 months. I would like to know approx. initial total payment outright and what I can negotiate. I live on Long Island NY
list price : $ 50,535
Monthly: $489
Lease: 27 Months
Payment based on 1st month, bank fee and taxes due at signing, plus customer cap cost reduction of $3500.
Any help with total upfront cost and negotiation greatly appreciated. Christian

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Where in Long Island are you? I live in Nassau County and did the Long Island thing for a convertible but a particular color combination and wound up at White Plains with John Tutino (great guy). Tried Catena, Rallye, Smithtown, Lakeview, etc. and he was best and they have a lot of cars, which surprised me (but can't tell that online). Anyway, you should be able to knock several thousand off the sticker WITHOUT having to pay cap cost reduction in this market. My payments for the 2008 are $100 per month less than for my 2005 because rates are lower and they took more off the sticker for purposes of the cap cost. Find out what they are doing for you as the sale price on the car for purposes of the lease. You also need to know they money factor they are using and then make sure that's the current rate for someone of your credit quality. Also get residual percentage.

Posted on May 14, 2008

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