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Prices Paid: Buying & Leasing Experiences Mercedes-Benz S-Class Lease Questions
123 messages, Last post on Oct 04, 2008 at 7:19 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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 Most manufacturers do not publish their money factors and residual values for vehicles until right before they are scheduled to arrive on dealer lots.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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Replying to: domain123 (May 31, 2006 8:16 am) Car_man Host Prices Paid Forums
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Replying to: Car_man (Jun 21, 2006 1:56 am) |
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| There is also one key subject that everyone forgets to keep in mind. The basic rule of retail. Supply and demand. With the new 4 matic s class coming out, dealers are going to make as much as they can on the vehicle and the reserve, becuase if you want to be the first have one, that is the price. If you want a deal, you will have to wait until the vehicle is no longer "hot", and get one when it is just average. This rule not only applies to vehicles, but everything in the retail industry, from video games, to home appliances, and even in the clothing industy. Thank you and enjoy. | |
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Car man can you tell me a little about the balloon financing option from MB Credit. I can't seem to find any answers, and it looks to me like an open ended lease. I'm considering this for a CL600 certified preowned which has already taken massive depreciation, and for which the Balloon option costs a lot less than the lease option in their calculator online. I don't really understand balloons from mercedes at all and would like to know if you can give me some of the pros and cons or point me at any descriptive info online? FYI details: ------------ asking price (not negotiated) 42370 monthly payment 524 balloon payment 32340 at 7.5% interest over 24 months. Car is an 02, can buy an extra year of warranty for a total of 2 (and probably at the same price), can't imagine the car being worth much less than 32K in two years (it was like 140K new after all and is already insanely depreciated). the equivalent 24 month lease would be 790 a month (they obviously are betting on a much poorer residual) suggestions?
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Replying to: tristanhunt (Aug 08, 2006 12:12 am)
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