How can I get a $35,000 Mercedes with bad credit?
The car I have right now is a Toyota and I bought it outright cash when I got it and can trade it in for around $14,000. I want to trade up and get a Mercedes. I've always wanted one really badly. But I only have the trade in value of my car I have now and $10,000 in cash. I need another $11,000, could I get a loan for $11,000 with bad credit and not too much credit history? Also everyone I know doesn't have good credit so I don't think I can get a co-signer.
How much income is required to afford a Mercedes G Class SUV?
More than affordability one needs passion to live with it and maintain such an exclusive vehicle. Any one with a decent 6-figure income can own it ($150K+ annually) .G 550 is priced at 125K and can be leased at as low as $1300/month (5yr) ($1700 pm - 6yr financing) and G63 priced at 150K for $1500 pm ($2k pm financing), for the G65 the numbers double up so does the affordability parameter. Its priced at $250K and most people pay above the sticker price which easily goes up to $270K. Though from personal experience I’d say don’t go for a vehicle that’s more than 75% of your annual income (max. 150K vehicle if you make $200k annually), the lower the ratio the better the affordability.G-Wagons belong to supreme class of off-roaders, these are built tough and to conquer toughest terrains so their use as a daily driver would be pretty lame until you’re in a show business or a fan. Whatever your use may be the vehicle will still require its recommended maintenance even with the MB prepaid maintenance ($2500 for 4 years/40k miles) you’ll atleast end up paying $1000/year on parts n spares, plus the expendables. So adding up the estimated cost should be around $3000/year for initial 4–5 years, then it doubles up. These are the minimum costs of keeping the vehicle irrespective of how many miles its driven.One of friends and a couple of people in my neighborhood have G-Wagons and we end up in usual comparison discussions with my Range Rover. I have driven it on few occasions and its really a great vehicle but everytime I drive it I feel like I’m going on some sort of mission in the battle-field but that’s just me, my friend (an adrenaline junkie) drives it to work everyday and everywhere else, he just can’t live without it!
Should I get credit back for unused miles on an auto lease?
You will not get credit back for miles not used in a lease. If you are lower than your lease term than you maybe to make money back buy selling your lease buy either trading in to the dealership or to earn the most money by selling your vehicle privately since your vehicle will be worth more since you have less miles. Check Auto Unite for new leases prices users are submitting if you are looking to get another lease.
Should i lease my dream car or save money for later?
My dream car is a mercedes benz sl 550. I'm 20 years old almost done with college, started my own business on the internet with my brother and now we investing in a new idea that we think will do well. time will tell. I make really good money with my business. i live with brother whose roommate it was best for business communication. I'm interested in law school but i can already pay for law school a few times over. I never had a car before. Kids usually get a honda as their first car when they're 16. I can actually afford the benz should i buy it or keep investing in business, stocks and keep money in banks and what not. Is it worth leasing a car that's almost $100,000 for a 20 year old guy? i don't know, is it really worth it?
How much should I put down on a down payment to lease a 30,000 car?
$0 Dollars is what you should put down to lease a car. Don’t be fooled. If your credit score is greater than 740 (FICO 8 Scale), they will believe whatever data you provide on the credit application regarding calculations of your Debt to Income Ratio. Leasing costs are based upon how the leasing company calculates the money factor (rather than interest rate per se). If you are smart enough to go to the largest dealership for the vehicle that interests you, the dealership has a lot of “funny money deal incentive discounts” the buyer never knows about that can be applied to capture you as a customer. When leasing, you pay the taxes, and use of the vehicle, as you go. Assuming you go for a 15000 Mile/Year 3 Year Lease, they will calculate a residual value, apply the money factor to “finance” the part of the car that you use. Under these circumstances, at least for good deals 4th Q 2017 at Ford, it would have cost roughly $30/Month (not including taxes) to finance $1000 in value. So, for $30/month plus taxes, you forgo $1000 USD of down payment. Why do you need to invest in something that loses value? My wife said I should open up a vehicle buying/leasing service for single women, as I use the above method all the time to the amazement of my friends, who always thought they HAD to put money down to lease. Nonsense.
When applying for a car lease, what personal documents do you typically need to provide?
You must have a valid driver’s license. You will need to supply your Social Security number. You may be asked for proof of income, such as providing a check stub or proof of electronic deposit. If leasing a particularly pricey car, you may be asked for 2 years’ income tax returns, and if self-employed, it would be smart to just have them ready. Those things usually suffice, though in some instances further info or ID will be required. Those would include a utility bill, any work permit or visa, a passport.
Can I trade in my BMW lease early at a Honda dealership?
I have another year left on my BMW lease and the payments are just too much for me now. I want to get either a new or pre-owned Honda or Toyota (for much cheaper payments). Does that work? Or do I have to go back to BMW only if I want out of the lease? I don't mind paying the 12 months wrapped into my next car I just want my monthly payments down significantly.