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Mercedes-Benz M-Class Lease Questions

1552 messages,  Last post on May 23, 2013 at 4:23 PM

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What is this discussion about? Mercedes-Benz M-Class, Car Leasing, SUV

Messages Page 141 of 156

#1394 of 1552 Re: 2012 ML Money discounts and lease question [caltman] by Car_man HOST

Sep 10, 2012 (4:19 pm)

Replying to: caltman (Sep 09, 2012 1:54 pm)
Hi caltman. Mercedes really isn't providing much in the way of cash incentives on leftover 2012 M's, just a few measly $250 CAP Certificates. Its money factors on the '12 ML350 have gotten better over the past couple of months though.
 
Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24-month lease of a 2012 ML 350 with 12,000 miles per year are .00150 and 64%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a 2013 model are .00160 and 66%.
 
While I have no specific special inside knowledge about this, I personally would be surprised if Mercedes didn't have to increase its lease support on the ML at some point over the next several months. Again this is nothing more than an educated guess from someone who has followed the industry for many years, but if I was in the market for an ML 350 and I wasn't in a hurry I might be inclined to wait.
 
The GLs are a different animal than the MLs. There's a ton more cash on 2012 GLs, so dealers will be able to discount them more heavily.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1395 of 1552 Re: 2012 ML Money discounts and lease question [Car_man] by caltman

Sep 10, 2012 (4:28 pm)

Replying to: Car_man (Sep 10, 2012 4:19 pm)
Car_Man,
 
Do you have the numbers for 12 ML550s for MF and residuals for 24 and 36 months respectively? And is there a difference btwn the 10k and 12k miles per year on those numbers?
 
Thanks!

#1396 of 1552 Re: 2012 ML Money discounts and lease question [caltman] by Car_man HOST

Sep 10, 2012 (4:30 pm)

Replying to: caltman (Sep 10, 2012 12:36 pm)
Ah ha, you wanted more information than I just posted, caltman.
 
Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24-month lease of a 2012 ML350 4Matic with 15,000 miles per year are .00150 and 62%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36-month lease are .00150 and 52%.
 
The numbers for the 2012 ML550 are .00160 / 56% and .00160 / 48%.
 
The numbers for the 2013 ML350 are .00160 / 64% and .00160 / 54%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1397 of 1552 Re: 2012 ML Money discounts and lease question [Car_man] by caltman

Sep 10, 2012 (9:28 pm)

Replying to: Car_man (Sep 10, 2012 4:30 pm)
Car_Man,
 
Don't mean to be annoying here, but I'm still just a bit confused.
 
It appears by your posts that a 2013 ML350 4Matic and a 2012 ML550 4Matic both have a MF .00160.
 
But I'm looking for residuals for 24mo and 36mo leases for the above vehicles for 10k and 12k miles per year, not 15k. If your residuals above are talking about only 15k miles per year, do you have the residual numbers for both monthly terms for 10k and 12k miles per year respectively?
 
On the 2012 ML550 4Matic I'm looking at, I'm getting quoted a MF of .0020 and a residual of 58% for a 24mo lease... looks like they are padding the numbers a bit, right?
 
Thanks!

#1398 of 1552 Re: 2012 ML Money discounts and lease question [Car_man] by mlevine

Sep 11, 2012 (12:21 pm)

Replying to: Car_man (Sep 10, 2012 4:19 pm)
I am in agreement with Car Man about waiting. I believe the residual values on the ML 350's are too low and should be higher. My thoughts are a 36 month should be in the 62 to 64% range and 24 month about 70-72%. I have no opinion about money factors except hopefully it will be lower than standard of .0021 range. I am waiting for December, I tried to make deals in July and August, but too much extra fees and jacked up money factors killed the deals I was working on.

#1399 of 1552 Re: 2012 ML Money discounts and lease question [mlevine] by caltman

Sep 11, 2012 (2:20 pm)

Replying to: mlevine (Sep 11, 2012 12:21 pm)
I agree. I just called the dealership, and everyone has a different story about the MF and the residual values. I even called MBFS to try to get exact numbers, and they kept referring me back to the dealer. Another thing that has been frustrating is getting correct info about multiple security deposits (MSDs), if they are possible in my state, and what each deposit drops the MF by. I ran into this when I leased my BMW too. Some salespeople, and even the financial people, had NO clue what MSDs even were.
 
At any rate, I do really like the sales guy we are working with right now, so I'll probably move on to a 2013 ML or GL at this point. I've been quoted 3 different MFs on the 2012 ML550: 0.0024, 0.0020, and 0.0019 by various people, leading me to believe it's even lower than the 0.0019. I don't know what to believe. Most of the stuff on the internet is saying it is 0.0016 for the remaining 2012s. Also, the residuals are RIDICULOUS: for 12k miles per year for a 24mo lease is 58%, and for a 36mo lease, it's 50%. That ML550 may just sit there and continue hemorrhaging the lot in that case, I guess, unless someone decides to pay cash or finance it. Oh well.
 
My experience with going after (potentially) a MB has been interesting at least. When I've leased Bimmers in the past, it was easy to find MFs and residual values online monthly and know when dealerships where trying to add frosting to the cake. Oh well... I may just move onto another luxury brand.
 
Car_Man, if you are still following this thread, I'd love to hear if you can corroborate any of the numbers in the paragraphs I've written above in this post.

#1400 of 1552 Re: 2012 ML Money discounts and lease question [caltman] by mlevine

Sep 12, 2012 (4:57 am)

Replying to: caltman (Sep 11, 2012 2:20 pm)
I was very disappointed with MB usa and its financial arm as they would not provide me with MB mf and residual on the ML350 2012. I knew the dealer was marking up the mf on the deals I was working on, residual we were in agreement with. I obtain my information from this site and then talk to the manager and go over the numbers. If we are not in agreement then I try a different dealership or go to a different car company. My opinion on 2012 ML's are to take 3/4 of the 1 year residual value depreciation off MRSP(14%) on 24 month lease. Always work from invoice and up. I am sure most dealers would laugh at this. Thats why I am currently looking at ML 350 2013

#1401 of 1552 Looking... by idreamofbenz

Sep 12, 2012 (10:52 am)

I'm still just trying to find out the residual and money factor for 36/12k on a 2WD ML350

#1402 of 1552 Re: Looking... [idreamofbenz] by caltman

Sep 14, 2012 (1:23 pm)

Replying to: idreamofbenz (Sep 12, 2012 10:52 am)
Car_Man,
 
Any word on the 2013 ML350 4Matic September Lease rates (mf and residual) for a 24mo and a 36mo and 12k a year yet? You did post a while back that a 24 mo lease and 12k miles/year on a 2013 ML350 "The numbers for an otherwise identical lease of a 2013 model are .00160 and 66%." Did you mean for the 2wd or 4wd versions or doesn't it matter?
 
I'm still waiting to hear back from the dealer about the mf I'm willing to use for the '12 ML550 I'm looking at (I'll only accept 0.0016 at this point because have gotten too many wishy washy answers, and I'm finding 0.0016 for the 2012s on many of the websites). Residual on it is still less than to be desired (58% on 24mo and 50% (huh?!?!) on the 36mo).

#1403 of 1552 Re: August MF and Residuals for 2013s [Car_man] by caltman

Sep 14, 2012 (5:38 pm)

Replying to: Car_man (Sep 03, 2012 12:10 pm)
Car_Man,
 
Sorry, I've posted this twice. I realized that I "replied" to the someone else instead of you the first time....
  
Any word on the 2013 ML350 4Matic September Lease rates (mf and residual) for a 24mo and a 36mo and 12k a year yet? You did post a while back that a 24 mo lease and 12k miles/year on a 2013 ML350 "The numbers for an otherwise identical lease of a 2013 model are .00160 and 66%." Did you mean for the 2wd or 4wd versions or doesn't it matter?
  
I'm still waiting to hear back from the dealer about the mf I'm willing to use for the '12 ML550 I'm looking at (I'll only accept 0.0016 at this point because have gotten too many wishy washy answers, and I'm finding 0.0016 for the 2012s on many of the websites). Residual on it is still less than to be desired (58% on 24mo and 50% (huh?!?!) on the 36mo).

Messages Page 141 of 156

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