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Prices Paid: Buying & Leasing Experiences Mercedes-Benz S-Class Lease Questions
102 messages, Last post on Aug 25, 2008 at 12:14 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| 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 4:58 pm) Thank you!
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Replying to: Car_man (Sep 21, 2005 2:58 am)
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Replying to: ferrast (Nov 28, 2005 11:32 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: ferrast (Nov 29, 2005 10:24 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Dec 19, 2005 4:54 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 4:58 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 9:49 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 05, 2006 12:19 am)  . 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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