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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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Replying to: Car_man (Dec 19, 2005 3:54 am) How could I research the money factor, residual value and the conversion of the money factor into an interest rate? Thanks again and Happy New Year!!
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Replying to: Car_man (Aug 31, 2005 3:58 pm) My wife's pregnant with our first child and we have two sports cars, so one has to go to make room for a 4-door. We has almost decided to buy an E500 used until I saw an eBay ad from a company called Dick Dyer MB in SC that was selling S500's for about $16,500 off the sticker. That was yesterday. Today, the $10,000 MB money seems to be gone. Since you are an expert on leasing and seem to know a lot about MB USA programs, do you think they will introduce a new lease program or offer more cash to help dealers unload the 2006 S-Classes before the new S550's start to hit the lots? Yesterday a $90,300 car was $73,800. Today its $83,800. I wish one of the MANY MB dealers we were talking with over the past two weeks would have told us about the $10,000. Not a single dealer tried to move us up from a $66,000 E500 to an S500. I did a spread sheet on buying the S500 and it looks like my net cost to own the car would be something like the following. I'm trying to figure out if leasing is better than buying. If I look at keeping the car for 3 years, it would cost me about $1,350 a month is a dealer would sell the car for $1,500 over invoice. But with the extra $10,000 my cost goes down to under a $1,000 a month. What would a lease run? http://www.ffcobra.com/images/mbs500ver1.xls Thanks, Bill
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Replying to: ferrast (Jan 03, 2006 8:49 pm) I am not aware of any resource that provides information on banks' lease money factors and residual values to the general public. I should be able to give you an idea of what these numbers should be like for this car though 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. You can convert lease money factors into approximate money factor equivalents by multiplying them by 2400. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: ffcobra (Jan 04, 2006 11:19 pm)  . You're in luck, Mercedes-Benz is still providing $10,000 dealer cash on the 2006 S500 Sedan in January. If I was in the market for one though, I personally would probably lean towards financing it through leasing it through an independent bank or credit union because Mercedes-Benz is not currently providing any sort of lease money factor support on it. Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Jan 10, 2006 3:36 am)
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I've got an order down on an S550, and should arrive within 3 months. Here are my questions: I understand that newly-intro'd models typically have some sort of incentive or special lease rate. What can I expect to pay? The car will be sold at MSRP, so I know what the cost will be. What would the typical residual value be, percentage-wise? If the dealer gets the car I ordered, and they try to gouge me with a really high money factor or low residual value, what are my options if I walk? Will they then sell/trade the car to another dealer that I CAN strike a deal with? I don't want them to think they have me over a barrel since they'll have the exact car that I want. Thanks for your help!
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Replying to: rayng (Jan 12, 2006 3:10 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: jadmiral (Feb 11, 2006 11:25 am) I'd be happy to give you an idea of what you will have to pay to lease this car, but Mercedes-Benz has not published a lease program for it yet. Most manufacturers do not publish their money factors and residual values for vehicles until right before they are scheduled to arrive on dealer lots. I may be able to give you an idea of what this car's lease program is like if you check back with me right before you are scheduled to take delivery of it. The dealer that you ordered your car from cannot force you to take delivery of it if you are not satisfied with your deal. However, if back out of a deal on an ordered vehicle you will likely have a hard time getting any sort of deposit that you made back, even if it was supposedly fully refundable. It is a lot easier to get your money back if you made it with a credit card because you can always dispute the charge. They probably will not let you back out of a deal with them and trade your vehicle to another dealer that you can work with. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Feb 20, 2006 3:24 am) By the way, the lowest price I received is $57500 otd with cd at downtown. My question is how will huge discounts on '06s affect risiduals for the '05s or earlier? Doesn't that lower the new s's residuals as well causing high initial lease payments? What were the incentives or discounts like when the w220s first bowed in 6 years ago? |
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Just stopped by a dealership yesterday to get some ballpark pricing on a new S550. The MC Credit residual offered was 61% however the money factor calculated to a 9+ percent interest rate! Does this sound right or should I be looking for better residuals / money factors? |
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