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Mercedes-Benz M-Class Lease Questions

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

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

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

Messages Page 150 of 155

#1486 of 1546 Good Deal? by gmigs13

Jan 19, 2013 (6:59 pm)

Took advantage of the lease turn-in deal going on this month. Also a USAA member.
 
Turned in a 2011 GLK350:
5 payments ($640) left plus turn in-fee $400ish, so 6 payments really - PAID
 
Leased 2013 metallic white ML350 + P1:
MSRP ~$61,000
+ 3 year maintenance
+ rubber mats ($150ish?)
 
On the lease it says:
$0 down
36mo/12,000 miles
Gross capitalized cost $59,401 (MSRP $55,164 (after USAA discount? sticker $61K)
Residual $34067.04
 
Total: $900/mo
 
I really just compared it to my GLK lease which would have predicted me paying about $950 based on the difference in the car values at the time of purchase. How badly did I do?

#1487 of 1546 ML350 BlueTech Lease Terms? by njdriver1

Jan 22, 2013 (4:57 am)

Hi Car Man
 
I'm negotiating a special order 2013 with a number of options. MSRP around $63K. Can you give me residual and MF for 10,000m and 12,000m per year, and 30 and 36 months in NYC? I'm not in a MB currently so I don't think I can get any incentives.
 
Thanks

#1488 of 1546 2013 Mercedes ML350 / pretty good deal - by insidecarbuy

Jan 22, 2013 (7:21 am)

This was a good deal for the current programs running but it seems like the ML350 used to lease out so much better....
 
Just 1st month, bank fee, taxes and DMV out of pocket - just over $3,000
 
$617.01 per month with auto pay on a nicely equipted car that had an MSRP of $58,550
 
Here is the breakdown -
 
Monday, January 21, 2013 2:17:17 PM
    
CUSTOMER DISCLOSURE
   
Customer Name: Inside Car Buying
Sale Vehicle: New 2013 MERCEDES BENZ M CLASS ML350W4 4dr Wgn ML350 w/AC , Automatic , Odom: 0
  
   
  Payment Details
  Term 30
  Base Payment 617.01
  Total Payment 617.01
  Purchase Option 36,451.00
  MSRP 58,550.00
  Est. Miles Per Year 12,000
  Disposition Fee 595.00
  Excess Mileage Charge 0.25
       
       
       
Amount Due at Signing
  
1st Month Payment 617.01
Acquisition Fee 795.00
Fees & Insurance 210.50
Upfront Taxes 1,429.29
Total Inception Fees 3,051.80
   
Total Cash Required on Delivery 3,051.80
  
   
 Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
  Cashdown Tax 64.16 7.3750 Upfront
  Upfront Tax 1,365.13 7.3750 Upfront
   
 Fee Information
Description Amount Paid
  Reg 113.00 Upfront
  Insp 10.00 Upfront
  Title 12.50 Upfront
  DocFee 75.00 Upfront

#1489 of 1546 Re: 2013 Mercedes ML350 / pretty good deal - [insidecarbuy] by mdrivero

Jan 22, 2013 (9:09 am)

Replying to: insidecarbuy (Jan 22, 2013 7:21 am)
That's a fantastic deal. I just tried to negotiate the same car with about the same options, based on your MSRP, and they offered my with $2000 out of pocket, $850 per month for 36 months and 10K miles per year. I didn't take it.
Congratulations.

#1490 of 1546 Re: My deal [sarasitarides] by Car_man HOST

Jan 27, 2013 (9:41 am)

Replying to: sarasitarides (Jan 19, 2013 9:49 am)
Congratulations on getting your new M, sarasitarides. Thanks for taking the time to give back and share the details of your lease with everyone. As you know, real world examples like this are always helpful for others who are in the market for similar vehicles.
 
Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1491 of 1546 Re: ML350 BlueTech Lease Terms? [njdriver1] by Car_man HOST

Jan 27, 2013 (9:44 am)

Replying to: njdriver1 (Jan 22, 2013 4:57 am)
Here's the information that you're looking for njdriver1. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 30-month lease of a 2013 ML 350 Bluetec with 12,000 miles per year are .00160 and 67% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36-month lease are .00160 and 62%.
 
The residual values for leases with 10,000 miles per year would be 1% higher.
 
There's some $1,500 Winter Event certificates floating around out there for this truck that do not require one to be a loyal customer that you may be able to convince the dealer to use on your deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1492 of 1546 2013 ML350 Bluetec. by jgarris9

Feb 04, 2013 (2:39 pm)

Hi Car Man,
 
What is the MF and residual for 2013 ML350 Bluetec for 24 months and 27 months at 12k miles per year? Please let me know ASAP.
 
I am VERY close to sealing a deal on a 2013 ML350 Bluetec with MSRP $65225. I am wanting to verify some information I have received from the dealership. This forum has been an amazing help for our family. .
 
MSRP: $65225.
6.5% discount to 'invoice' - $4240.
$2000 USAA rebate.
$1000 deposit put down previously for the special order.
$1000 American Express certificate.
$3000 down payment out of pocket.
= $11240 total discount.
 
With all the fees and acq fee of $798 paid up-front, for 24 months at 12k miles per year,
$599 monthly.
 
The MF is 0.00268 and residual is 72%.
 
Using the numbers above, when inputed into the payment calculator on MBUSA.com, I am coming up with $563 monthly for 24 months and $531 for 27 months at 12k miles per year. The dealership has no explanation and says they are unable to explain how the payment numbers are so far off.
 
Any help would be appreciated. . Thank you in advance!

#1493 of 1546 Re: 2013 ML350 Bluetec. [jgarris9] by Car_man HOST

Feb 05, 2013 (5:12 pm)

Replying to: jgarris9 (Feb 04, 2013 2:39 pm)
Hi jgarris9. According to what I hear, Mercedes-Benz financial's February buy rate lease money factor and residual value for a 24-month lease of a 2013 ML350 Bluetec with 12,000 miles per year are .00205 and 72% for consumers who qualify for its top credit tier.
 
It looks like you are getting an excellent selling price on this truck, though I personally would not make the $3,000 down payment. I always advise consumers not to make down payments on leases. Those who do risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#1494 of 1546 February MF by dost2000

Feb 12, 2013 (4:49 pm)

Hi Car Man:
 
I am looking to lease Ml 2013 , preferably 30 months. Could you please give me the MF & RV for 30 months with 12000/miles, also RV and MF for 36 months.
 
I have been offered almost 7% off MSRP for a 55250 $ car , 2900 down with monthly payment of 749 for 12000 miles/ year and 699 for 10000/ year. What do you think of this deal.
 
I am currently leasing Ml 2010 , do you if there are any incentives for returned customer.

#1495 of 1546 Re: February MF [dost2000] by Car_man HOST

Feb 19, 2013 (4:48 pm)

Replying to: dost2000 (Feb 12, 2013 4:49 pm)
Hi dost2000. Mercedes-Benz Financial's February buy rate lease money factor and residual value for a 30-month lease of a 2013 ML350 4Matic with 12,000 miles per year are .00160 and 62% for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36-month lease are .00160 and 56%.
 
Mercedes is not providing any cash incentives to loyal customers on this model that I am aware of.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 150 of 155

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