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Prices Paid: Buying & Leasing Experiences Mercedes-Benz S-Class Lease Questions
134 messages, Last post on Sep 30, 2009 at 8:43 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mercedes-Benz S-Class. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Aug 31, 2005 3:58 pm) $64900 MSRP $61627.05 cap cost (incl. destination charge) $39663 Residual value 39 months due at signing: $699 first month $3999 Cap Cost Reduction $795 acq fee $699 monthly This is intriguing to me and as I am not too familiar with the money factors (etc) involved with leasing, I was wondering if it a good deal? Edmunds incentives shows that $2000 is available to the consumer if financed thru MB but it isn't clear whether these figures include that or not. According to my one and only MB dealer, they currently have 6 or 7 S350's to pick from so I am hoping this deal may be negotiated even further. Any insights would be appreciated! 
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Greetings theloungeboy. I am not sure what the selling price that you were quoted on this car is like in relation to its invoice price, but given the $2,000 bonus on leases of the 2005 S350 Sedan through Mercedes-Benz Credit right now I would not be surprised if you were able to lease one for less than dealer invoice. The first thing that jumps out at me about this deal is the huge down payment. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your S-Class would be exactly the same, regardless of whether you had put $4,000 down, or had made absolutely no down payment at all. I just calculated a sample lease payment using Mercedes-Benz Credit's actual lease program and the information that you provided in your post and I came up with a 39 month, 12,000 miles per year zero down, pre-tax monthly payment of around $844. With a $3,999 cap cost reduction, the payment for an otherwise identical lease would drop to around $731. As long as the selling price is below invoice, the payment that you were quoted looks good to me. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Sep 13, 2005 2:51 am) The cap cost reduction bothered me too. I always thought one of the reasons to lease was low out of pocket costs. Thanks for your input, you've given me something to ponder. 
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| I NEVER put money down on a lease - if it's required, it's no deal. I agree with the host entirely on this matter. Besides, it flies in the face of leasing to begin with! The reason I'm leasing, is to keep my cash in my wallet, and amortize the depreciation of the car over a period of time with monthly payments. If I'm going to decap the lease, I should buy, then at least, my down would count as equity in the car. | |
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You're very welcome theloungeboy. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Aug 31, 2005 3:58 pm) Thank you!
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Replying to: Car_man (Sep 21, 2005 1:58 am)
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Replying to: ferrast (Nov 28, 2005 10:32 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: ferrast (Nov 29, 2005 9:24 pm) Car_man Host Smart Shopper / Prices Paid Forums
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