Last post on Dec 03, 2013 at 1:56 PM
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Mercedes-Benz M-Class, Car Leasing, SUV
#70 of 1613 Re: Lease Special on ML350 through July 2006. [caa1]
Jun 20, 2006 (4:07 am)
You're right, caa1. Mercedes-Benz is providing lease support on the 2006 M-Class right now. Its special lease program for this truck is currently scheduled to run through the end of July. I haven't seen this truck's 27 month lease program, but its 36 and 39 month, 12,000 mile per year buy rate lease money factor and residual value are currently .00285 and 61%. Its 24 month and 30 month numbers are .00255 / 69% and .00255 / 63%.
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#72 of 1613 Summer special only for ML350?
Jul 10, 2006 (6:26 am)
Does anyone know if the summer special applies to just the ML350, or is the ML500 also being included in this? Thanks!
#73 of 1613 Re: Summer special only for ML350? [jefhack]
Jul 10, 2006 (6:35 am)
JEFHACK - the advertised special features the ML350 however there is still lease support on the 500 as well. We went with the 350 as it is for my wife and she just doesn't need the extra 30hp. I drove both cars back to back and the 350 engine is fine - 500 has great torque however. We are picking ours up today as a matter of fact. Here are the numbers for the ML500:
24mo / 15k mi - Residual 65% of MSRP - .00255 Base Money
36mo / 15k mi - Residual 57% of MSRP - .00285 Base Money
Add 2% to residual for 12k mi/year and 3% for 10k mi / year
#74 of 1613 Re: Summer special only for ML350? [caa1]
Jul 10, 2006 (6:50 am)
Thanks caa1! This is very helpful information. Just curious, which packages did you add to the 350? I also agree that the V6 would be sufficient for my wife (primary driver on this one), but was just concerned that by the time you add in all options, the price was approaching the V8 price with similar options. thx again
#75 of 1613 Re: Summer special only for ML350? [jefhack]
Jul 10, 2006 (10:43 am)
no problem - I thought I would give something back to this forum since I've used it for research for the past two months. We went with the following options on the 350:
The sticker was $51515 but I got it for $800 under invoice. Also, not sure about your market, but at the dealers in the metro DC area, there are a lot less 500s than 350's. My dealer only had two which I guess also helped in my decision to go with the 350.
#76 of 1613 2006 ML350 [AMG Sport] Lease Deal - What do you think?
Jul 10, 2006 (12:17 pm)
I am currently in the process of deciding to lease a 2006 ML350 from a Mercedes Benz Dealer. I have already been approved by MBC. Please feel free to review deal and let me know what you think.
Key Feature options:
AMG Sport Package *****
Premium Package *****
**** I am sold on the ML350 with the AMG Body & wheels and premium package.
Sales Price: 51400 (500 above invoice plus $400.00 IRG AD fee charged by the Dealer)
Money factor .00285
Residual/Puruchase option - $32207
Term: 39 MO
Mo Payment around $620.00
With my Trade (suppose to help with taxes from what i understand) after pay-off gave me a $2500 credit. My out of pocket for inception fees, 1st MO, Reg Fees, and cap reduction (2200 cash) came to $4086.00
Do you think It is a good deal on this lease?
Your response is greatly appreciated.
#77 of 1613 Re: 2006 ML350 [AMG Sport] Lease Deal - What do you think? [brandon790]
Jul 10, 2006 (4:31 pm)
How many miles per year do you have?
#78 of 1613 Lease Questions
Aug 11, 2006 (11:32 am)
These are the terms my dealership is offering me on a new ML350, is this a good deal?
Based on current '06 ML350 inventory, Stock # 562764, MSRP $40,525, a lease with MBF based on a Tier 1 Credit Rating:
Selling Price: $33,343
$2,000 Drive Off Fees
#79 of 1613 Re: Lease Questions [s888miles]
Aug 14, 2006 (5:02 pm)
If you have Tier 1, why is your money factor .0041??? It should be no more than .0024
Sounds to me like the salesman said "where do you want your payments to be"?
I would go back and get that money factor down. Print out all of the threads where folks DID get the .0024.