Last post on Dec 03, 2013 at 1:56 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Mercedes-Benz M-Class, Car Leasing, SUV
#161 of 1613 Re: 2007 ML350 36 month/15k lease good deal? [jennykr]
Sep 01, 2007 (12:30 am)
Your residual value looks to be about 53% - this is pretty low (higher is always better) but probably related to your mileage terms plus end of 2007 year. Also your money factor (tier 1) should be closer to .00205. Ask your sales representative to show you Mercedez Benz Financial's official Lease schedule (if they're honest - they'll show it.)
Also, make sure you are negotiating from Invoice price Up, not from Sticker price down. Use Edmunds to find out Invoice Prices based on your options. Also note that MB USA is offering dealers ***$3,000 Marketing Support*** (Incentives) so theoritically you should be able to negotiate a price UNDER invoice and the dealer still makes plenty of money.
You might want to consider a 2008 model as an option. When I was shopping for 2007 vs 2008, the much higher residual values on the 2008 made for a lower monthly payment and better value.
#162 of 1613 Re: 08 ML350 Lease Details [denisavu3]
Sep 03, 2007 (4:18 pm)
sorry for the late reply. i was out of pocket for a while there..
i got this from a MB dealership in Northern Virginia. hope that helps. email me at matter_mind -----at----- yahoo dot com for more details if you're still in the market. Good luck !
#163 of 1613 Re: 2008 ML550 lease [rezultz]
Sep 04, 2007 (10:46 am)
Anyone with 2008 ML550 info? $65,900 MSRP, 36 months, 12k/year?
#164 of 1613 Re: 2007 ML350 36 month/15k lease good deal? [marcopolo1]
Sep 06, 2007 (12:17 pm)
marcopolo1, do the $3,000 incentives apply only to the '07 model, or to the '08 as well?
I read somewhere that a person with a credit score of above 700 should be able to get 0% APR (i.e. very very low money factor) Is this true? Or do the dealers always go by their schedule?
#165 of 1613 Re: 2007 ML350 36 month/15k lease good deal? [rocco50]
Sep 06, 2007 (10:31 pm)
$3k incentive applied to 2007 only (they're trying to clear out 2007 models). But I think the "Summer Love" event ended Sept 4th so MBusa may have ended their promotion. You'll have to check some other resources.
Regarding 0% Financing, some auto makers offer this but I've never heard of the European car makers doing this.
Better hurry up if you want a 2007!
#166 of 1613 2008 ML320 CDI deal
Sep 07, 2007 (8:26 am)
The best info on this board are actual deals, so here's mine.
Black over mac w/ P1, heated seats, CD changer; MSRP $50,335.
33 months, 12K/yr, MF .0025, residual 65%, $0 down but inceptions/fees/1st month upfront for $2,100. I believe the MF is lower for a gasser but this was the base rate for the special residual of 65% on the diesel, which is great IMO.
Monthly payment $710, which includes 7% tax.
I went in offering $1K over invoice, but balked at a $735 monthly. Agreed to $700 monthly, coming out of their gross. Eventually they had to swap for my car in a distant zone with a $200 higher ad fee and $300 shipping. I ate $10 per month and they ate the rest. Believe they're in it with $300-400 gross when all is said and done. Last day of August.
Frankly, I only see demand for the CDIs going up (which I think is reflected in the residual) so I'm pretty happy with the deal, all considered.
#167 of 1613 MF and Residuals for '07 and '08 ML350 - 33 or 36 mo. 10K or 12K
Sep 08, 2007 (6:25 am)
Could you please post the MF and Residuals for '07 and '08 ML350 - 33 or 36 mo. 10K or 12K ?
Thanks in advance,
#168 of 1613 Re: 2008 ML350 MBUSA Sept Promotion. Good Deal?
Sep 10, 2007 (9:41 am)
Has anyone taken a look a the offer MB is doing for sept. I'm considering the ML350 08 with the package below, but was wondering if MB would even negotiate this since the 08's are brand new and they are running this promo. Thanks
$559mo for 33months
$4400 Due at signing.
2. Available only to qualified customers through Mercedes-Benz Financial at participating dealers through October 1, 2007. Not everyone will qualify. Advertised 33 month lease payment based on MSRP of $48,885 less the suggested dealer contribution resulting in a total gross capitalized cost of $47,416.01. Dealer contribution may vary and could affect your actual lease payment. Includes destination charge, Premium 1 Package, and Heated Seats. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $18,447. Cash due at signing includes $3,050 capitalized cost reduction, $795 acquisition fee and first month's lease payment of $559. No security deposit required. Total payments equal $22,292. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 27,500 miles, and $595 vehicle turn-in fee. Purchase option at lease end for $31,286.40 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Subject to credit approval. Specific vehicles are subject to availability and may have to be ordered. See participating dealer for details. Please always wear your seat belt, drive safely and obey speed limits.
#169 of 1613 Re: 2008 ML350 MBUSA Sept Promotion. Good Deal? [nugi]
Sep 21, 2007 (10:53 pm)
They've been running this for a few months. I bet you'll be hard-pressed to find a ML350 equipped with such few options though. Once that happens guess what - the figures start going up! They call this "Loss-Leader" advertising (drive them into the showroom on a low price on a car near impossible to find - then sell them on a more expensive car once they come to the dealership.)
Buying a 2008 this early in the season has some drawbacks --fewer units on the lot and dealers less willing to haggle. Basic supply vs. demand.
If I were getting an ML now, I'd reseach invoice prices w/options I wanted then shop aggresively to find a dealer willing to deal with an "Invoice + Profit" mentality vs. "Discount off MSRP". I believe ordering a car does not subject it to the typical inventory expenses (flooring costs, etc.)which makes it a little more negotiable from a dealer's perspective.
Also make sure you're educated with the best Money Factors your credit rating will buy and the lowest Residual Values for the lease term you're interested in. Dealers are notorius for trying to slip in a higher rate to unsuspecting buyers.
#170 of 1613 Deal or NO Deal?
Sep 25, 2007 (1:08 pm)
Hello all, below is the most recent lease offer I received from my local dealer, I think I can get them down a little more, but I wanted to get some views. Deal or no deal? THANKS!
Premium Pkg. 1, Heating Pkg., Navigation
33 Mos / 12K mile
MSRP is $50,045
Invoice is $46,996.42
money fator is .00215
residual is 63%.
$3,000.00 down which includes taxes of $1,452.61,
bank fee of $795.00, 1st month of $572.77 and NY state dmv fees of $179.62.