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Prices Paid: Buying & Leasing Experiences Mercedes-Benz M-Class Lease Questions
217 messages, Last post on Mar 31, 2008 at 7:57 PM
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Replying to: tzay (Dec 29, 2007 11:44 am) |
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Replying to: razor1973 (Dec 29, 2007 9:09 am) Congrats! |
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does this sound like a good deal...ml350 loaded (nav, heated seats, dvd...) no money down, $819 per month. 33 month lease 15k. thank you.
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Replying to: novice101 (Jan 18, 2008 6:14 pm)
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Replying to: ocautoseeker (Jan 18, 2008 7:41 pm)
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Replying to: novice101 (Jan 19, 2008 9:18 am) |
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Replying to: novice101 (Jan 19, 2008 9:18 am) MSRP: $52,900 Cap Cost: $47,900 (includes $2000 lease incentive cash) Residual: 58% (15k-mi/yr) Money Factor: .00210 (5.04%) 33mo/15k = $687/mo + tax Amount due at signing will include: 1st mo payment ($687+ tax), license and registration, doc fee, acquisition fee ($795). Should be roughly $2k to drive out, unless you want to cap the acq.fee into the lease. Good luck!
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Replying to: ocautoseeker (Jan 20, 2008 2:33 am) p.s. thank you again for taking the time to help.
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Replying to: novice101 (Jan 20, 2008 11:39 am) Understand this though... there's about $3500 between invoice and MSRP on this vehicle. Most-likely, there is a regional advertising fee (included on the invoice) making the actual cost to the dealer about $500 more than what Edmunds or KBB list as the invoice. Don't worry, it's a legit charge that they (the dealer) gets billed from the manufacturer. There should be a $2000 lease incentive (could vary by region) on this vehicle. So, assuming you are able to negotiate a deal at, or very near invoice (~$49,900 gross cap cost), then subtract the $2000 lease incentive, you should have a cap cost at ~$47,900. Now, add in the acquisition fee of $795 + ~$500 for Dmv and Doc fees and you get an adjusted cap cost of ~ $49,195. Based on the current residual (58%) and the base money factor of .00210, your payments should come out right around $758/mo + tax. Depending on your local sales tax (assume 7.25%), you'd end up at around $782/mo. These numbers assume MBC's top tier credit, so depending on where your FICO score is at, you may or may not qualify for the special rate. Hope this helps. Keep me posted!
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Hi everyone. I am from the UK and this is the first lease I have done in the US. I am in California. This is the initial offer I was made on a New 08 ML 63 AMG MSRP $93447 36 month 12k miles 5k down $1690+ tax I laughed and basically said they were way off and that I had seen examples going for between 5-7 k off MSRP before we even started talking finance. There was a general air of them being flexible, empty dealership, 3 ml63 amg's in stock etc. They then came back with the following: I have no idea at this point what the invoice or actual sale price is as they are reluctant to give that to me saying that they are giving me such a reduction off the MSRP that it brings them down to 4k below invoice. They also wont confirm the money factor until my credit clears. (it will) 36 months 12k miles 5K down $1300 +Tax pcm What are your thoughts and advice as to how I should proceed? Is there more room in this deal? or is this great? Thanks in advance |
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