Last post on May 21, 2013 at 8:54 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz M-Class, Car Leasing, SUV
#1467 of 1547 Re: 2013 ML 350 BlueTec [zollie]
Dec 20, 2012 (1:11 pm)
the rate is .00160 and the residual is 60% for a 36 month lease, 15k miles
#1468 of 1547 Re: 2013 ML 350 BlueTec [mercedes_dez]
Dec 22, 2012 (5:30 pm)
Can you please post the residual on the ML 350 4Matic for 15k miles and 24/30/36 months?
#1470 of 1547 Re: 2013 ML350 4matic residual values [mercedes_dez]
Dec 28, 2012 (7:09 am)
Hello - I have an offer from a dealer for the following. Could you please let me know if this is a good deal?
I am trading in a 2012 Highlander on which I have an equity of about 6750$
The dealer is giving me back a 3K check and using the remaining amount on the lease down payment! (The equity of remaining 3750$ is not shown on any computations in the quote) and the 3K check is being offered by upping the payoff amount on my car.
2013 ML350W4 (Black, MB-Tex, P01, Running boards, Keyless Go) - 53K (negotiated price)
Lease terms: 36 months, 735.93, residual 54%, 10K miles.
Please advise if I should take this deal or not. Thx much!
#1471 of 1547 Re: 2013 ML350 4matic residual values [lionking143]
Dec 28, 2012 (9:33 am)
It really depends on the MSRP of the car.
I have a quote from Mercedes Benz of chicago on a 2013 ML 4matic with an MSRP of 60380 for a selling price of 53400 (11.5% off MSRP)
Money factor is .0016
Mercedes acquisition fee of 795
Doc fee 140
Residual is dependent on lease terms (months and mileage)
You just have to plug in the numbers to a lease calculator and figure out the tax rate in your state.
If I was leasing the car at Mercedes of chicago for 36 months with 3750 down payment, the monthly payment would be 628 plus tax.
Hope that helps.
Jan 03, 2013 (5:04 pm)
can you give me the residual and money factor for January ? I am interested in a ML350 bluetech with 12,000 miles per year and a 24 month lease term.
Jan 04, 2013 (8:26 am)
I'm looking to lease a 2013 ML350 (white, grey MBtex, P1, running board, keyless) for my Dad. The MSRP is $55,355 and the dealer quote is $53,978 (2.5% discount). We are trading-in Dad's car for $10k plus a check back of $7k. The residual is 57% based on a 36 month lease and 10k/year. The acquisition fee is $1095. The Money Factor is .0026.
Is the discount to MSRP a good price?
Is 57% residual the market rate?
Is $1095 acquisition fee a market rate?
Is .0026 Money Factor high, I have seen .0016 quoted in this message board?
#1474 of 1547 Re: Car for Dad [rbrekka]
Jan 04, 2013 (9:42 am)
The acquisition fee is an extra $300. Make sure January money factor is .0016 which was Decembers rate, .0026 appears to be high. Looks like you are putting down $3,000 which should include acquisition fee, motor vehicle fees, extra profit fees(doc fees or dealer fees) and first month. Residual usually not marked up. Would wait to see if any incentives are available this month. Last month winter certificate of $1500 was available. Based on my thoughts this is not a good deal. I am open to others opinions.
#1476 of 1547 Is dealer being reasonable?
Jan 05, 2013 (8:02 am)
Hello all. I've been a frequent user of Edmunds.com for many years, but came upon this forum the other day trying to figure out the advisability of leasing. I had always purchased my cars until i entered into my first lease in 2010, a Mercedes ML450h. I have a 15,000 mile/yr allowance but in 3 years will just hit 30,000 miles. That lease is up next month and I'm trying to decide what to do. Because it was MB's first real hybrid, the deal was lease only. They would not sell you the car up front or at the end of the lease. They are taking them back to Germany to examine and test. I do have one option to extend the lease for 6 months. My monthly payment is $472/mo since I traded in a Camry hybrid I owned and effectively put money down on the lease (not sure if that was a good idea or not, but that's what I did). I might end up just taking the extension and postponing a longer term decision but I'll still have that coming. I'm getting closer to retirement and wouldn't mind driving another ML for a few more years without spending a ton of money buying a new ML. Then I'd have some flexibility to buy something more economical if and when I ride off into the sunset. SO - my dealer has made me the following offer which I have no clue if it's decent. 2013 ML 350 4Matic, P01 pkg., Harmon/Kardon, keyless go, lane tracking and some other odds and ends, Total MSRP with $905 dest and delivery - $58,550. He offered to sell it for $55,200 plus tax, license, etc. As for the lease, I have 30-48 month options, but am looking at 30 or 36. With a 10,000 mile/yr allowance and with money down, the offer is as follows: at 30 months with $12,000 down $610/mo and with $15,000 down $500/mo. For 36 months with $12,000 down $630/mo and with $15,000 down $540/mo. I've read it's not a good idea to put a lot of money down on a lease since if the car is really damaged, insurance covers only your future lease payment, but putting that aside, do these lease offers make sound reasonable? I don't know, but with the cash down, it seems like I would be paying more than 60% of the MSRP over the life of the lease, and interest rates and money factor aside, it seems like a really good deal for the dealer and not me. I'd really appreciate anyone's thoughts. Thanks much.