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Mercedes-Benz M-Class, Car Leasing, SUV
#168 of 1616 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 1616 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 1616 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.
#171 of 1616 Lease trade-in 07 C-Class
Oct 02, 2007 (10:02 am)
I have about 18 months left on a 2007 C280-4matic. Turns out with our expanding family, this car will be too small very soon.
What are the chances of doing a lease trade-up for a 2007 or 2008 ML350 without getting killed? The C280 lease is with Mercedes Financial has a cap cost reduction of $2500 plus $750 bank fee, DMV fee, and all tax paid up front.
If it is too soon, at what point should I try?
#172 of 1616 Re: Mercedes-Benz M-Class: Lease Questions [Car_man]
Nov 05, 2007 (12:23 pm)
I'm thinking about leasing the ML 350 but don't understand how the money factor and residual get calculated. Current, MB is offering 33 months, $6K down, payments at $499/mo, based on a price of $48,885. But the down payment of $6K seems quite high. Where should the money factor and residual be -- and how do I know if I'm getting a good deal.
Any help is greatly appreciated!
#173 of 1616 Re: 08 ML350 Lease Details [denisavu3]
Nov 06, 2007 (8:20 am)
Did you find out where mattermind got this great deal? which dealer?
#174 of 1616 Residuals for november
Nov 11, 2007 (10:22 am)
I am in the market for ML350, but I don't know what are the curent residuals for November for 12 000 Miles, 36 Months lease with Mercedes Benz Financial.
I saw some rates at leaseguide.com but I think that those are from the banks and not from MBFS.
#175 of 1616 lease info for November
Nov 24, 2007 (8:24 am)
Hi - I'm looking at an '08 ML350 (considering 27-33 mos. lease/12k) and also would like the residuals and money factors for this month and any information regarding lease specials or dealer cash available. Any idea if they're expected to change for December or January? Thanks.
#176 of 1616 Re: 08 ML350 Lease Details [denisavu3]
Dec 22, 2007 (3:28 pm)
This seems a better deal then the one I m getting. Will you please tell me youo are getting it.
#177 of 1616 2008 ml 350 lease deals
Dec 24, 2007 (7:57 am)
I want to do a 48 mos. lease on a 2008 Mercedes ML 350 with P1, heated front seats, voice activation, trailer hitch... MSRP's have been about $52,000 to $53,000 in Texas. I'll drive approx 12k miles/per year.
What are the best lease factors and residual values? What percentage off MSRP is possible?