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Mercedes-Benz M-Class: Lease Questions

548 messages,  Last post on Dec 04, 2009 at 3:07 PM

You are in the Mercedes Benz M-Class Forum. Your Hosts are steve_ & tidester

What is this discussion about? Mercedes-Benz M-Class, Car Leasing, SUV


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#401 of 548
Current Lease Figures? by ggmorgan
Oct 07, 2009 (8:18 am)
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Was wondering if anyone has October numbers (MF and Residual) for a 2010 ML 350? Specifically I'm looking at a 48 month lease 15K miles. Thanks much in advance.
#402 of 548
Re: Oct. Rates ?? [audi_man] by msf83
Oct 08, 2009 (2:44 pm)
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Replying to: audi_man (Oct 07, 2009 5:44 am)

Audi Man, why do you think dealers are willing to sell below invoice before rebate? I haven't heard or seen anything like that...but then again I haven't heard from anyone who's purchased one lately. I'm hoping to hear from more people on here.
 
What concerns me is that I really want P2 because for '10 they moved the harmon/kardon system to P2. Problem is it seems like Mercedes only ships ML's with P2 that are fully loaded with just about every package/option. I can build a P2 I want on the benz site for under 54 but any P2 I've heard of that are at dealerships are almost 58.
 
Comments?
#403 of 548
Re: Oct. Rates ?? [msf83] by storm10
Oct 08, 2009 (9:56 pm)
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Replying to: msf83 (Oct 08, 2009 2:44 pm)

It depends on what part of the country you are buying from. If you live on the West coast - chances are you can buy below invoice, because in California there are 44 Mercedes-Benz Dealerships fiercely competing against each other.
If you can't find exact configuration, that you are looking for - you can ask Dealer to build a car to your exact specification, but you have to wait for it about 6 to 8 weeks.
Hope it helps.
#404 of 548
Re: Oct. Rates ?? [storm10] by msf83
Oct 08, 2009 (11:03 pm)
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Replying to: storm10 (Oct 08, 2009 9:56 pm)

I wouldn't mind having to spend a little more to get what I want but MB literally tacks on every option it seems if they ship out a P2 (which seems odd because P2 is only 2 options, the h/k system and keyless-go)...they add $5,000 of options on top of it.
 
Is there an extra charge to custom build a car?
#405 of 548
Re: Invoice question [audi_man] by Car_man HOST
Oct 09, 2009 (2:14 am)
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Replying to: audi_man (Oct 02, 2009 6:12 am)

Hi audi_man. I don't know anything about Overstock's pricing. I was saying that if I was in the market for an ML right now I personally would shoot for a selling price of $500 to $1,000 (preferably towards the lower end) over the invoice price that is listed here at Edmunds.com minus any available incentives.
 
Yes, the $2,000 cash incentive on leases through MB Finance that I mentioned is available on all deals.
 
I'm sure that you would be able to find a Mercedes dealer that was willing to make your final two payments on your Audi for you, but nothing in this world is free. Having them make your last payments will hamper your ability to get the best possible deal on your new vehicle. I personally would wait until the scheduled end of my current lease to get something new.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#406 of 548
Re: Oct. Rates ?? [msf83] by Car_man HOST
Oct 09, 2009 (2:17 am)
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Replying to: msf83 (Oct 06, 2009 9:31 pm)

Hey msf83. Yes, the $2,000 cash incentive is still available on leases of the 2010 ML350. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 ML350 2WD with 10,000 miles per year are .00096 and 53%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#407 of 548
Re: Current Lease Figures? [ggmorgan] by Car_man HOST
Oct 09, 2009 (2:27 am)
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Replying to: ggmorgan (Oct 07, 2009 8:18 am)

Hi ggmorgan. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 48 month lease of a 2010 ML350 4Matic with 15,000 miles per year are .00075 and 39%, respectively.
 
When negotiating your lease on this truck, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of it.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#408 of 548
Re: Invoice question [Car_man] by jayrider
Oct 09, 2009 (6:15 am)
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Replying to: Car_man (Oct 09, 2009 2:14 am)

If the audi is super clean with extra low miles, they might want it in trade. This would only be in your advantage if your buy out is below trade in price by a grand or more.They would essentially buy your audi for more than the payout with you getting the difference to put toward the ml. There may be some equity in your leased vehicle. Probably not but worth looking into.
#409 of 548
ML350 by audi_man
Oct 09, 2009 (8:05 am)
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Thanks Car_ Man
Just my 2 cents do not go over invoice of $500 or $1000. Right now with this economy they are willing to sell bellow invoice. After your comment I 100% agree with you on waiting for 2 more month to payoff your lease first and have better room to negotiate. Otherwise they will include these 2 payment into your ML lease...
It just still unclear what invoice we should follow Edmunds or dealers? practically all dealers say Edmund's invoice is incorrect...
 
Anyone can share their ML 2010 buying experience? what quotes do you get?
 
Jayrider, I have 2 month left on my 3 year 2007 Q7 lease with 12k millage. Yes, 12k. residual value at the end of my lease is $32k. Do you think I have any advantages by returning my leased Audi to Mercedes with such low millage and get ML? or first return the vehicle directly to Audi and then get ML?
 
I would appreciate any comments
#410 of 548
Re: ML350 [audi_man] by jayrider
Oct 09, 2009 (8:58 am)
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Replying to: audi_man (Oct 09, 2009 8:05 am)

try taking it to mercedes first and get a trade in price after the discount you negotiate. Wait -- leave the audi at home. Get your best purchase deal and then say oh-by the way -- what is the trade in for this 12k mile q7. Don't say that it is a lease. If you get more than the 32k you are ahead. They buy - you pay off the car and keep the change. Let them tell you what they will offer -- don't fall for the -"what do you need for it stuff" Once you haggle a bit shoot for 2k over payoff. You might get more or you might get less. It is still under warranty and with those low miles they should be able to work with you. Don't tell them your payoff either. You may have some equity in the car. Go to the real world trade-in discussion and post the details of the car and see what volvomax tells you it's worth. Good luck.

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