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Prices Paid: Buying & Leasing Experiences Mercedes-Benz M-Class Lease Questions
258 messages, Last post on Aug 29, 2008 at 11:41 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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? Thanks |
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Replying to: Car_man (Aug 31, 2005 4:57 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! 
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Replying to: denisavu3 (Aug 21, 2007 3:42 pm) Did you find out where mattermind got this great deal? which dealer? |
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Hi Carman, 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. Thanks |
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| 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. | |
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Replying to: denisavu3 (Aug 21, 2007 3:42 pm) t Thanks, Frank Cypress, CA |
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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?
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Replying to: tzay (Dec 24, 2007 8:57 am) 61% Residual / .00220 Money factor |
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2008 ML350 MSRP = $49,710 Invoice = $46,285 Selling price = $46,300 33 months 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!
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Replying to: razor1973 (Dec 28, 2007 6:25 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. Good Luck!
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