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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
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Does MB offer leases on used S500s? Does MB extend original warranty for the duration of the lease? How much should i expect to pay for 2004 S500 on a 0 down 36 months 10K miles lease? Thank you |
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I want to lease a 2007 S550 and understand that a number of leasing companies offer prices that are lower than MB leasing. Has anyone had any experience with these companies?
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I was looking at 05-06 cpo S classes and trying to make the math work out. Some help please? I usually lease but CPOs don't lease out well. So, if one were comparing a 60 K 5 series or E Class, the lease would be around 900 per month tax in the payment for 36 months and 15,000 miles per year. You'd have to finance the 55-60 K CPO car, pay all of the tax (not just on your payments) and probably put in some service money (new tires? brakes- not a certainty but should be budgeted). So let's est monthly payments at about 1700 per month with interest. At the end of the 3 years (without service) you paid in about 29 K more than for the lease and you have a 5 year old car that's probably worth maybe 30K? So if my numbers are close and please correct if not, you would wash out but you would have the risk that the car could be worth less and you would most likely have had to put in 1-2K for repairs of wear items not covered by the cpo warranty. So I'm guessing that to buy the 60K cpo S class is a more expensive prop than to lease a new 60K E class. I would welcome and clarification and correction. If so, then, cpo selling and leasing needs to change a bit for me to take part.
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Replying to: markwhoeman (Feb 23, 2007 9:15 am) |
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Replying to: topspin628 (Jun 28, 2007 11:26 am)
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Replying to: juice1220 (Jun 29, 2007 6:46 pm)
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Replying to: topspin628 (Jun 29, 2007 7:09 pm)
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Replying to: juice1220 (Jun 29, 2007 7:28 pm) |
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Can you give me a bit of guidance on my above posts on the CPO purchase vs new purchase benefits/costs? I don't see a clear advantage of buying a CPO vs leasing a new version with the lower monthly payments even when one adds in the fact that they will own the CPO and thus have some equity at the end of the term. The reduced payments seem to make up for it and when you factor in not paying tax on the entire amount with the lease (8% on 60K for the purchase vs 8% on the lease payments only, the additional maintainance for the CPO, lower money factor on the new lease etc) at best it's a wash. Plus one has the "risk" of the CPO not holding its value as anticipated, the potential value of investing the extra money from the lower payments elsewhere etc. Please enlighten me on the high end CPO benefits IF one doesn't plan on keeping the car for more than 4 years. Thanks.
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Replying to: topspin628 (Jul 10, 2007 5:23 am) |
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