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Mercedes-Benz M-Class Lease Questions

526 messages,  Last post on Nov 26, 2009 at 7:40 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mercedes-Benz M-Class, Car Leasing, SUV


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#362 of 526
Re: Lease incentives for June 2009 [s888miles] by Car_man HOST
Jun 16, 2009 (2:21 am)
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Replying to: s888miles (Jun 09, 2009 9:59 pm)

Hi s888miles. Yes, Mercedes-Benz is running a special lease program on the ML350 in June. Mercedes-Benz Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00067 and 45%, respectively.
 
In addition to this special lease money factor, Mercedes is providing a $2,000 cash incentive on leases of this model. Make sure to take this cash into account when negotiating the capitalized cost for your lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#363 of 526
Re: Lease incentives for June 2009 [Car_man] by jsonny
Jun 17, 2009 (12:31 pm)
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Replying to: Car_man (Jun 16, 2009 2:21 am)

Hi Car man-
Do you have the money factor and residual value for a 48 month lease of the 2009 ML350 4WD with 15k per year?
 
Thanks
#364 of 526
Re: Lease incentives for June 2009 [jsonny] by Car_man HOST
Jul 07, 2009 (3:32 am)
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Replying to: jsonny (Jun 17, 2009 12:31 pm)

Hi jsonny. Here's the information that you're looking for. MB Finance's current buy rate lease money factor and residual value for a 48 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00050 and 44%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#365 of 526
About to do a new 2009 ML350 lease by brandon790
Jul 08, 2009 (8:49 am)
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Hello,
 
I currently have a 2006 ML350 AMG Package lease (paying in the low 600's) that is ending in Oct 09. The dealer is offering me the following proposed new lease to get me out of the current lease: Note that the dealer included the 2000.00 MB cash back, and took another $1000.00 off from invoice to bring it down to selling price of 48400. The lease payment is $659.00 per month, 48 months 12,000 miles per year. Let me know if it's a good deal.
 
Equipment:
Blk on Blk
M-B Tex
Premium 1 package
Lighting package
Appearance package
Heated Front seats
 
MSRP: 54445
Selling price after discounts: 48400 + tax
Total out of pocket: 2172.00
Out-of-pocket includes aquis fees, 1st mo, and upfront fees.
Residual (base) 36.00
Total Residual $20,689.10
 
Let me know what you think.
 
Thanks!
#366 of 526
Car_Man or Kyfdx Need money factor on ML350 Bluetec by bettyblu
Jul 09, 2009 (11:04 pm)
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Is the money factor and residual on the 2009 ML350 Bluetec different than the ML350?Lease
   3 year 15000miles MSRP $62000. purchase price approx.$55000. Have owned BMW's before may try MB this time around.....IMHO....better cargo space in the ML. Thanks
#367 of 526
Re: About to do a new 2009 ML350 lease [brandon790] by jayrider
Jul 10, 2009 (10:16 am)
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Replying to: brandon790 (Jul 08, 2009 8:49 am)

Plugging in the numbers in the post before yours -- the lease for your vehicle at 15k miles per year should be $544 plus tax and fees. At 12k miles yours should be a bit less. What money factor was your dealer using?
#368 of 526
Re: About to do a new 2009 ML350 lease [jayrider] by brandon790
Jul 10, 2009 (11:57 am)
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Replying to: jayrider (Jul 10, 2009 10:16 am)

The money factor is 0.0005 for the lease which works out to 1.2%.
Your calculation does not seem to be true because the current lease programs all over Mercedes benz website and at the dealerships are 549.00 per month for 48months for a ML 350 automatic with only 10,000 mile per year with over $5,000.00 down. I would love for the deal to be 549.00. However ther are no known programs at mercedes benz finance with payments for $549 plus taxes and fees for 48 months with15,000 miles and $2100.00 out of pocket on a vehicle with an original msrp of $54450.00. If there is one, please give me the dealship info.
#369 of 526
Re: About to do a new 2009 ML350 lease [brandon790] by jayrider
Jul 10, 2009 (1:32 pm)
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Replying to: brandon790 (Jul 10, 2009 11:57 am)

I just used car-man's info of .00050 mf and 44% residual. Cap cost $48400 minus residual of $23955 = $24445 / 48 months is $509.
 
$48400 + $23955 = $72355 / .00050 = $ 36.
 
$ 509 + 36 = $ 545 for a 48 month least at 15k per year. All fees and taxes extra.
 
Run the numbers , I may have miscalculated. Forget about so called programs -- you have all the numbers to run the lease. It is what it is.
#370 of 526
Re: About to do a new 2009 ML350 lease [brandon790] by brandon790
Jul 10, 2009 (2:18 pm)
Reply

Replying to: brandon790 (Jul 10, 2009 11:57 am)

Note that there was only one ML 350 in the Northeast with the equipment mentioned above that was in stock. My local dealer did a swap with another MB dealership in MD and is having the car picked up and transported via Truck.
#371 of 526
Re: Car_Man or Kyfdx Need money factor on ML350 Bluetec [bettyblu] by Car_man HOST
Jul 21, 2009 (2:56 am)
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Replying to: bettyblu (Jul 09, 2009 11:04 pm)

Hey bettyblu. Yes, Mercedes' lease program for the ML320 Bluetec is different from its program on the ML350. Mercedes-Benz is not currently providing any lease support on the diesel ML. As a result, if you were to lease one through MB Finance, you would have to use its standard lease program...which isn't very good.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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