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Mercedes-Benz M-Class Lease Questions

1548 messages,  Last post on May 22, 2013 at 4:30 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 148 of 155

#1468 of 1548 Re: 2013 ML 350 BlueTec [mercedes_dez] by dinoman

Dec 22, 2012 (5:30 pm)

Replying to: mercedes_dez (Dec 20, 2012 1:11 pm)
Can you please post the residual on the ML 350 4Matic for 15k miles and 24/30/36 months?

#1470 of 1548 Re: 2013 ML350 4matic residual values [mercedes_dez] by lionking143

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!
 
-Sandy

#1471 of 1548 Re: 2013 ML350 4matic residual values [lionking143] by dinoman

Dec 28, 2012 (9:33 am)

Replying to: lionking143 (Dec 28, 2012 7:09 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.

#1472 of 1548 ml 350 bluetech by phillyboy

Jan 03, 2013 (5:04 pm)

Carman,
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.
 
thanks

#1473 of 1548 Car for Dad by rbrekka

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 1548 Re: Car for Dad [rbrekka] by mlevine

Jan 04, 2013 (9:42 am)

Replying to: rbrekka (Jan 04, 2013 8:26 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 1548 Is dealer being reasonable? by mltdwn

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.

#1477 of 1548 Re: Is dealer being reasonable? [mltdwn] by mlevine

Jan 05, 2013 (9:32 am)

Replying to: mltdwn (Jan 05, 2013 8:02 am)
Too much money down and monthly is also too high with both $12,000 or $15,000 up front. Do not fiate at a certain monthly payment, but rather put the least amount of money down. That being said find out your invoice for this vehicle and use this as a starting point. Check this forum for January leasing information and for incentives available. Calculate your own numbers once you can get your final cap cost.

Messages Page 148 of 155

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