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Mercedes-Benz CLS-Class Lease Questions

43 messages,  Last post on Feb 20, 2009 at 8:54 AM

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What is this discussion about? Mercedes-Benz CLS-Class, Mercedes-Benz CLS55 AMG, Mercedes-Benz CLS63 AMG, Car Leasing, Coupe, Sedan

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#1 of 43 Mercedes-Benz CLS-Class: Lease Questions by kyfdx HOST Oct 03, 2005 (6:11 pm)
Ask your Mercedes-Benz CLS-Class lease questions here! Replies to this message: thorss (Jan 17, 2007 5:09 pm)
#2 of 43 CLS500 Lease Price by csanchez Oct 05, 2005 (6:40 pm)
Hi Car Man: In addition to the BMW 650i, I am considering MB CLS500 2006. Using MB Estimator the MSRP $65675 (includes dest charge), accessories $690 heated seats, $70 wheel locks. $1300 Guzzler tax, total $67341, 36 months, 12,000 per month. great credit rating, is $1242/month a good price based on the MB Estimator?   Again, thank you in advance. Replies to this message: jastrois (Oct 15, 2005 4:44 pm)
#3 of 43 Re: CLS500 Lease Price [csanchez] by jastrois Oct 15, 2005 (4:44 pm)
Replying to: csanchez (Oct 05, 2005 6:40 pm) I am taking delivery of a CLS 55 AMG for $1299/mo listing at $98K for 39mo 15000mi/yr all taxes etc included for $14.5K down.
#4 of 43 Re: CLS500 Lease Price by Car_man HOST Oct 20, 2005 (11:26 am)
Wow, a new lease question discussion that I didn't even notice. Sorry for the delay in my response, csanchez. Let's calculate a lease payment on the car that you are interested in using Mercedes-Benz Credit's actual lease program and see what we come up with. According to my calculations, if you were to lease a 2006 Mercedes-Benz CLS500 (nice car by the way : ) with an MSRP and a selling price of $67,341 (for now we will assume that you are not getting any sort of discount on this car - correct me if you are) through Mercedes-Benz Credit for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $1,022. This assumes that your credit is in good shape, you pay a security deposit, and that you pay MB Credit's $795 lease acquisition fee. If you are able to negotiate any sort of discount on this car, the selling prices of leased vehicles are negotiable if the market dictates that they can be, your lease payment would be lower than this. As you can see, the lease payment estimator on the Mercedes-Benz site is a little off. This is not surprising, most manufacturers' on-line lease payment estimators are not that accurate for some reason.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: nc2 (Jan 27, 2006 11:16 am) Car_man (Feb 20, 2006 3:16 am)
#5 of 43 CLS500 by jan4 Jan 06, 2006 (12:28 pm)
This will be my next car.. Good luck with it.. I leased my last MB from David Michael in Freehold.. Great service....
#6 of 43 Leasing vs buying Mercedes CLS 500 by toshsk8 Jan 12, 2006 (3:25 pm)
I would like to know which is better. Leasing an expensive car? Or buying. Is it wise to put down 30k on this car and pay 1000.00 amount if purchased? Or is it better to pocket that money by putting less down, with a smaller payment? If it is lease, do you end up paying more in the long run if you want to buy later? Replies to this message: Car_man (Feb 20, 2006 3:14 am)
#7 of 43 Re: CLS500 Lease Price [Car_man] by nc2 Jan 27, 2006 (11:16 am)
Replying to: Car_man (Oct 20, 2005 11:26 am) I have been offered to take over lease of someone else for 17 months (out of original 24 months) of CLS500 with options like 19' AMG Type Wheels, Distronic, Parktronic, Phone System with VCS, Keyless Go, Sirius, Elec. Trunk Closer, Premium Package: Active Venitilated/Heated Seats, Elec. Window Shade, CD Changer, DVD Navigation, Harmon/Kardon Logic7 Sourround Sound, High Gloss Laurel Wood Trim and with 4200 miles on it for about $1,400/mo (including sales tax (in CA, about 8%)). With Lease Buy out price at $57,198.00. I would still have to pay lease transfer, registration etc. Looks pretty expensive to take over that lease? What if I take a new car w/ same options for 24 mos lease, what would be monthly cost and how much money would I have to spend upfront?   I am new to lease so please help me out.   Thanks! Replies to this message: Car_man (Feb 20, 2006 3:16 am)
#8 of 43 Re: Leasing vs buying Mercedes CLS 500 [toshsk8] by Car_man HOST Feb 20, 2006 (3:14 am)
Replying to: toshsk8 (Jan 12, 2006 3:25 pm) Whether it is a good idea to lease or buy really boils down to how good the lease program is on the vehicle that you are interested in. Traditionally, Mercedes-Benz has not provided any sort of lease support on the CLS and I would have said that you would be better off not leasing it. However, a few weeks ago Mercedes introduced the first lease support that I have seen on the CLS500. This makes it a little more attractive to lease, but its program still isn't that great.   Whether you will pay more to lease this car and buy it versus just financing it to begin with depends upon two main factors. The interest rate that you will have to pay to finance it versus lease it and whether you believe its residual value is accurate.   Mercedes-Benz Credit's current lease money factor for the '06 CLS500 is .00300. When one converts this to an interest rate is is equivalent to around 7.2%. Even with the new lease support, there is no advantage to leasing interest rate wise because you should be able to get a rate that is at least this low to finance this car if your credit is in good shape.   The other factor that I mentioned is this car's residual value. Mercedes-Benz Credit's current 36 month, 15,000 mile per year residual value for the '06 CLS500 is 62%, which is pretty solid. If you lease and this car ends up being worth less than this after three years, you come out ahead because you miss having to pay for all that depreciation. Of course, this assumes that you walk away from your car at the end of your lease and do not pay its inflated purchase price.   After all this, I am fairly neutral on this car's lease program. It's not great, but it's not horrible either. You can't really go wrong with either leasing or financing.   Car_man Host Smart Shopper / Prices Paid Forums
#9 of 43 Re: CLS500 Lease Price [nc2] by Car_man HOST Feb 20, 2006 (3:16 am)
Replying to: nc2 (Jan 27, 2006 11:16 am) Hi nc2. You are smart to compare the cost of leasing a brand new CLS to the cost of assuming this lease. I would be happy to give you an idea of how much it will cost you to lease a new one right now, however in order for me to do so I need you to provide me with the MSRP and approximate selling price of the car that you want. Let me know and I'll tell you what the payment should be.   Car_man Host Smart Shopper / Prices Paid Forums
#10 of 43 cls 500 lease for march by namja007 Mar 09, 2006 (4:20 pm)
Is the mf .0030 and residual still 62 percent for 36/15k I was at the dealership today. and he was saying the residual for 39 months was 62 percent. can you tell me the residaul for 39 compared to 36 months. Also how does the taxes work on lease in New york. I have leased a bmw and is going to finish this may. I always thought the 8.625 % tax was multiplied on the lease payment. However this dealer says that when calculated it is with a tax adjusted cap cost.   Here are the numbers hope you can help with all my questions. thank you   39 month/ 15k a year   msrp $76784 Purchase option 46,950.08 (doesn't make sense with the residual)........capcost 72,809 . he states out of pocket $1421.54 and $1159.04 a month. can you calculate the numbers. thanks Replies to this message: Car_man (Mar 20, 2006 4:26 am)

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