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Mercedes-Benz M-Class Lease Questions

576 messages,  Last post on Dec 07, 2009 at 7:44 PM

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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#41 of 576
Multiple Security Deposit (MSD) on ML350 by y2001
Dec 20, 2005 (9:51 am)
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Hi Car_man. The dealer I am working with claimed that even if I put down 10 MSDs on the ML350 lease, the money factor (0.0029) from the "Winter Event" will still be lower than the standard (0.0035??) - MSD (10 x 0.0001). I am confused as to how the Mercedes MSD works, and he claimed that the money factor deduction has to start with the standard rate, not the special rate.
Thank you for the help!
#42 of 576
Re: Multiple Security Deposit (MSD) on ML350 [y2001] by Car_man HOST
Jan 10, 2006 (3:17 am)
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Replying to: y2001 (Dec 20, 2005 9:51 am)

Hi y2001. I think that your dealer was wrong or lying. I don't see why Mercedes' multiple security deposit program has to use the standard lease money factor as a baseline. If you opt to make multiple deposits on your vehicle, they should subtract from the special money factor.
 
Car_man
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#43 of 576
Re: Multiple Security Deposit (MSD) on ML350 [Car_man] by y2001
Jan 10, 2006 (6:29 am)
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Replying to: Car_man (Jan 10, 2006 3:17 am)

Thanks Car_man, I asked the finance guy to redo the MSD, and I think they got it right at the end.
#44 of 576
ML350 January Incentives by spikeya4
Jan 10, 2006 (11:46 am)
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Has anyone heard of any marketing support or low interest rates offered by Mercedes for January on the ML350? My built-to-order ML is set to be here in late Jan and so far the rate doesn't look to be too promising and the salesperson is unsure if that will change. I am a bit nervous as I ordered the car back in early November and agreed upon a price and now it looks like that might all be thrown out the window and I might have to go find another car.
#45 of 576
Re: Multiple Security Deposit (MSD) on ML350 [y2001] by Car_man HOST
Feb 20, 2006 (3:19 am)
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Replying to: y2001 (Jan 10, 2006 6:29 am)

You're welcome, y2001. I'm glad to hear that everything worked out.
 
Car_man
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#46 of 576
Re: ML350 January Incentives [spikeya4] by Car_man HOST
Feb 20, 2006 (3:21 am)
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Replying to: spikeya4 (Jan 10, 2006 11:46 am)

Hi spikeya4. Mercedes-Benz was not offering any sort of support on the 2006 M-Class in January, but if you haven't taken delivery of your ordered truck yet you are in luck because it is providing a little lease support on it in February. I'd be happy to give you an idea of what this truck's lease program is currently like if you let me know how long you want to lease it for and how many miles per year you need to be able to drive it.
 
Car_man
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#47 of 576
Re: ML350 January Incentives [Car_man] by spikeya4
Feb 22, 2006 (7:51 am)
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Replying to: Car_man (Feb 20, 2006 3:21 am)

Thanks Car_man,
I wound up getting the car for the same $699 a month including NJ tax that I had originally worked with them on - the only difference was they threw in an extra $1k and I threw in $400. So the bottom line was: 06 ML350, MSRP of $54,755, 39 month lease with 12k a year, total drive off costs of $2472.50. The dealership, Benzel Busch in Englewood, NJ, was great and worked around the lack of MB support for the ML.
Josh
#48 of 576
Re: ML350 January Incentives [Car_man] by boo5
Mar 08, 2006 (12:19 pm)
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Replying to: Car_man (Feb 20, 2006 3:21 am)

Hi Car_man,
 
I'm interested in any info you can provide regarding the ML350 SUV. I'm looking at 36 mos and 12K miles a year. I understand that there might be a promo for 39 mos leases as well. I'm also in NJ, if it matters.
#49 of 576
Re: ML350 January Incentives [spikeya4] by Car_man HOST
Mar 21, 2006 (2:32 am)
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Replying to: spikeya4 (Feb 22, 2006 7:51 am)

You're welcome, Josh. Congratulations on your new truck!
 
Car_man
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#50 of 576
Re: ML350 January Incentives [boo5] by Car_man HOST
Mar 21, 2006 (2:35 am)
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Replying to: boo5 (Mar 08, 2006 12:19 pm)

Hi boo5. If you were to lease a 2006 Mercedes-Benz ML350 through Mercedes-Benz Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00260 and 61%, respectively. As part of Mercedes-Benz Credit's special "Value Added" program, these numbers should be good for 39 month leases as well.
 
Car_man
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