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Mercedes-Benz S-Class Lease Questions

199 messages,  Last post on Jun 19, 2013 at 6:26 AM

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What is this discussion about? Mercedes-Benz S-Class, Car Leasing, Sedan

Messages Page 2 of 20

#10 of 199 Re: Re: Re: Mercedes-Benz S-Class: Lease Questions [ferrast] by Car_man HOST

Dec 19, 2005 (4:54 am)

Replying to: ferrast (Nov 29, 2005 10:24 pm)
Hello ferrast. I have seen the lease program for the car that you are interested in. Its specific money factor and residual value depend upon how long you lease it for and how many miles per year you need to be able to drive it. For now I will assume that you are interested in a 39 month lease with 15,000 miles per year. Let me know if you want something different. If you were to lease a 2006 Mercedes-Benz S500 through Mercedes-Benz Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00320 and 49%, respectively. When negotiating the capitalized cost for your lease, don't forget to take the dealer cash that I mentioned in my previous post into account.
 
Car_man
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#11 of 199 Re: Re: Re: Mercedes-Benz S-Class: Lease Questions [Car_man] by ferrast

Jan 03, 2006 (9:49 pm)

Replying to: Car_man (Dec 19, 2005 4:54 am)
Thank you for the information. My local MB dealership offered me an $18k discount to the MSRP. I would have purchased one; however, I am currently leasing an '03 E320 until the end of August of '06. I mistakenly thought that MB Credit would allow me to get out of that lease since I would be getting into a more expensive MB - they didn't care.
 
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!!

#12 of 199 Re: Mercedes-Benz S-Class: Lease Questions [Car_man] by ffcobra

Jan 05, 2006 (12:19 am)

Replying to: Car_man (Aug 31, 2005 4:58 pm)
Hi Car_Man -
 
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

#13 of 199 Re: Re: Re: Mercedes-Benz S-Class: Lease Questions [ferrast] by Car_man HOST

Jan 10, 2006 (4:25 am)

Replying to: ferrast (Jan 03, 2006 9:49 pm)
You're very welcome, ferrast. I see that you have found out that it is not that easy to get out of leases early. You are absolutely right, banks don't care how much nicer the new car you are getting is. If you want to get out of your current lease eight months early, you are most likely going to have to pay.
 
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
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#14 of 199 Re: Mercedes-Benz S-Class: Lease Questions [ffcobra] by Car_man HOST

Jan 10, 2006 (4:36 am)

Replying to: ffcobra (Jan 05, 2006 12:19 am)
Congratulations, Bill! I know the feeling about having to switch cars when a new arrival comes. When I had my son, I switched from a coupe with a manual transmission to a sedan with an automatic .
 
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
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#15 of 199 Re: Mercedes-Benz S-Class: Lease Questions [Car_man] by rayng

Jan 12, 2006 (4:10 pm)

Replying to: Car_man (Jan 10, 2006 4:36 am)
Thanks, Car_man for the discount info on the '06 S500. Any idea which Southern California dealerships are good to work with? From what I've heard from other posters, I'm leary of going to Rusnak. Hey Bill, check out the $17k discount off an '06 S500 from carsdirect. I'm sure an dealer should probably beat that price.

#16 of 199 Leasing a 2007 S550... help! by jadmiral

Feb 11, 2006 (12:25 pm)

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!

#17 of 199 Re: Mercedes-Benz S-Class: Lease Questions [rayng] by Car_man HOST

Feb 20, 2006 (4:24 am)

Replying to: rayng (Jan 12, 2006 4:10 pm)
No problem, rayng. I am not personally familiar with which dealerships are and are ont good in your area. Sorry.
 
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#18 of 199 Re: Leasing a 2007 S550... help! [jadmiral] by Car_man HOST

Feb 20, 2006 (4:30 am)

Replying to: jadmiral (Feb 11, 2006 12:25 pm)
Hi jadmiral. I'm not sure where you heard that brand new models usually have some sort of incentives available on them, but the opposite is usually true. Manufacturers want to ride brand new or redesigned models without any support for as long as possible. Similarly, dealers are much less willing to provide substantial discounts on brand new models. Consumers who want to be the first on the block to have a new vehicle have to pay extra.
 
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
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#19 of 199 Re: Mercedes-Benz S-Class: Lease Questions [Car_man] by rayng

Feb 21, 2006 (7:16 pm)

Replying to: Car_man (Feb 20, 2006 4:24 am)
Last week, I accompanied a friend to pickup an '06 s350 for roughly $13k off MSRP at Penske. After purchasing 2 Lexuses and one Bimmer, I have to say I'm not impressed by the professionalism and lack of honesty of local MBZ dealers.
 
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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