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Mercedes-Benz M-Class Lease Questions

1546 messages,  Last post on May 14, 2013 at 1:07 PM

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

Messages Page 144 of 156

#1422 of 1546 Re: 2013 Mercedes ML550 [dkhan] by Car_man HOST

Oct 24, 2012 (3:04 pm)

Replying to: dkhan (Oct 19, 2012 12:32 pm)
Hi dkhan. You didn't mention which ML you are interested in, so for now I will assume that you want a 2013 ML350 4Matic. Let me know if you want something different. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 36-month lease of this truck with 12,000 miles per year are .00160 and 56% for consumers who qualify for its top credit tier.
 
The 2013 ML-Class is indeed eligible for conquest certificates, specifically $1,500.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1423 of 1546 ml350 lease help!! by mng

Oct 30, 2012 (8:47 pm)

Car_Man:
 
I think something is off in the numbers the dealer gave me for an ML350 lease. I qualify for the special 30 month lease they advertise on mbusa.com. My car MSRP is $56,800 and we settled on $55,200. It has a 63% residual according to the website and I believe you list the money factor as .00160. When I follow Edmunds math something is off. The dealer quoted me all included with the $5300 down (acquisition fee of $795, plus $3800 capitalized reduction, and one payment down), they come to a price of $805 a month. My state has 5% sales tax in this scenario on the 'use'.
 
My car is only $3200 more than the example on mbusa.com yet my payment is nearly $200 more a month! I know taxes play a small part, but that is maybe $35-40 on top of the payment. How should I proceed?

#1424 of 1546 Re: ml350 lease help!! [mng] by dinoman

Oct 31, 2012 (12:57 pm)

Replying to: mng (Oct 30, 2012 8:47 pm)
I think you should walk away from this deal. You should get at least 5000 off MSRP.

#1425 of 1546 2012 winter event starting by roxanne1010

Nov 03, 2012 (9:05 am)

Car-man, if you see my post above, I want to lease a 2013 ML 350 4matic.
My previous ML350 4matic expires Dec31st.
I know I will qualify for the top tier lease offered by MBUSA.
Do you think I should look into leasing right now that the winter event started (it says good till Nov 30th), or do you anticipate (based on previous years) that a better lease will be offered in December?
Also what are the values (money factor and residual) for the winter event lease for a 2013 ML 350 4matic for 10k/year, interested in either 24, 30 or 36 months, whichever is best.
It's really hard for a woman to get good deals so I'm hoping to get some help from this forum as I did the past 2 leases
Planning to do most negotiating through emails. Can you tell me if I should mention that my previous lease ML 350 has super low mileage (only 21K right now)? And I also have a Lexus, so can I qualify for the "capture discount", competitive brand?

#1426 of 1546 Is this site dead? Where should I go to get help? by roxanne1010

Nov 06, 2012 (8:23 am)

Car-Man, any help with my lease here or is there another forum where I can get help?
Let me know soon please as my situation is getting urgent.
Thanks in advance

#1428 of 1546 ML 350 leasing by mlevine

Nov 10, 2012 (2:17 pm)

I have been trying to lease a ML 350 since about July when they started the lease pull ahead program. I could not work out a good deal and I am waiting for December. I have had my dealer obtain a vehicle in production due in December. If I cannot workout a good deal then I will pass on that ML. At the end of November and beginning of December I will contact other dealers to find out incoming units as a back up plan. I hope the residual value goes up in December as my opinion is it is at least 4% lower than it should be. Ultimately th cap cost will either make or break the deal. Hopefully the dealer will work with me and that the winter certificates will also be available. My other options also include a BMW X5 35i premium, Infiniti JX, and both the Audi Q5 and Q7. I welcome any comments or thoughts.

#1429 of 1546 Re: ml350 lease help!! [mng] by Car_man HOST

Nov 12, 2012 (4:49 pm)

Replying to: mng (Oct 30, 2012 8:47 pm)
Hi mng. If you are in an area that has a decent level of competition, you definitely should be able to get a larger discount on this truck. This deal doesn't look great to me. You should consider shopping around.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1430 of 1546 Re: 2012 winter event starting [roxanne1010] by Car_man HOST

Nov 12, 2012 (4:55 pm)

Replying to: roxanne1010 (Nov 03, 2012 9:05 am)
That's an excellent question roxanne1010. Let me begin my answer with the disclaimer that it is impossible for anyone to predict what an automaker will do with its future incentives with 100% accuracy. If I had to make an educated guess, I would say that Mercedes' December deals for the 2013 ML will be at least as attractive as its November offers, if not more so. Last year the programs for this model carried over from Nov. to Dec. basically unchanged.
 
Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36-month lease of a 2013 ML 350 4Matic with 10,000 miles per year are .00160 and 57% for consumers who qualify for its Tier 1 credit tier.
 
I suppose that it couldn't hurt mentioning that your current ML has very low mileage, but don't count on that doing anything for you.
 
Mercedes is not providing any conquest cash that I am aware of in November, but it does have $1,500 Winter Event certificates out there on this model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#1431 of 1546 Re: 2012 winter event starting [Car_man] by roxanne1010

Nov 12, 2012 (6:36 pm)

Replying to: Car_man (Nov 12, 2012 4:55 pm)
hi Car_man, could you tell me more abut this "$1,500 Winter event certificate"?
I did contact my local dealer who told me he could get me $4500 discount on a car. I think it's not really good. What do you think? It's not exactly the car I want (has options i don't want, trailer hitch, keyless go and pre-wiring for rear seat entertainment, but not Parktronics, which i wanted) but close. He said he searched around the entire US and that's the closest to what I want. He found it in NY for $56,595 MSRP. He said the monthly payments are about $685-$695 with taxes included (about $52 I think, based on my last car lease).
He's talking about .0016 money factor and 57% residual (I told him I only wanted to hear about the lease supported in the Winter event, and I'm glad he gave me the correct numbers here) with $3,810 due at signing (that seems high too, I told him I'd want to put the least amount possible and he said it would be just taxes, acquisition fee and 1st month payment). I asked him to provide more details about the signing payment, especially the acquisition fee which I thought was supposed to be the $750 destination fee.
I am not planning on getting a new lease until late November, since my car payment isn't due till Dec 1st, but can wait till the end of December to get a better deal.
What do you think about the $4,500 discount, it's not enough right, especially if there is a special "winter event certificate"?
Any discounts for recurring MB lease customers?

Messages Page 144 of 156

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