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
#171 of 1613 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 1613 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 1613 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 1613 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 1613 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 1613 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 1613 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?
#178 of 1613 Re: 2008 ml 350 lease deals [tzay]
Dec 27, 2007 (7:58 pm)
you're better off doing a 33 month lease right now... much better residual and money factor than the 48 month program (if going through MBC)
61% Residual / .00220 Money factor
#179 of 1613 Please give me your feedback on this deal offered to me
Dec 28, 2007 (5:25 pm)
MSRP = $49,710
Invoice = $46,285
Selling price = $46,300
7,500 miles (which is supposed to drop the residual by 2% compared to 10K, 3% compared to 12K or 5% compared to 15K)
Residual = 64%
MF = .0025
$0 down payment (incentives are around $2,500)
Monthly base = $634
Monthly (7% tax) = $679
How does that selling price sound? This is the only factor I think I could get a better deal on. Aren't people paying under invoice for this car? Also, could the residual be negotiated or is .0025 good enough?
Thanks in advance!
#180 of 1613 Re: Please give me your feedback on this deal offered to me [razor1973]
Dec 28, 2007 (8:02 pm)
Depending on where you live, there should be $1000 lease cash incentive. If so, they should be able to cap the cost below invoice. You're cap cost/selling price looks like you're right at invoice. If lease cash is available in your area, your cap would be another $1000 less.
The residual values are correct. You CANNOT negotiate the residual value.
It does appear that they marked up your rate slightly. MBC buy rate on this lease term is .00220. If you have 700+ credit, you should qualify for that rate.