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Mercedes-Benz M-Class: Lease Questions

551 messages,  Last post on Dec 05, 2009 at 12:34 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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#411 of 551
Re: ML350 [jayrider] by audi_man
Oct 09, 2009 (9:52 am)
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Replying to: jayrider (Oct 09, 2009 8:58 am)

Excellent info. I did not know you can trade in your leased car. I'm sure they will ask me if it's leased or financed. What my answer should be in this case? I'll definitely try to get their number first on Q7
Thanks a lot
#412 of 551
Re: ML350 [audi_man] by jayrider
Oct 09, 2009 (11:31 am)
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Replying to: audi_man (Oct 09, 2009 9:52 am)

They probably won't ask you if it's leased or owned -- may ask what you owe. You can truthfully say you owe nothing. But you need a great price. Don't need to mention the doors either. Maybe moot since trade in may be lower than payoff but you can still try. Trade in price is only an estimate. The mercedes dealer may really want your car. If he doesn't then you won't get a great price but you could ask for 1k over payoff or you are going to get a q5. That might get their attention. Have you looked at the q5 vs the ml? Might be a deal there.
#414 of 551
Re: ML350 [jayrider] by audi_man
Oct 09, 2009 (12:45 pm)
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Replying to: jayrider (Oct 09, 2009 11:31 am)

You are great help man... I would get Q7 2010 again but the residual is to low 47% (36m/10k). Since there is a possibility to get deal with trade in I'll look into Q7 deal again.
#415 of 551
Re: ML350 [audi_man] by jayrider
Oct 09, 2009 (1:03 pm)
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Replying to: audi_man (Oct 09, 2009 12:45 pm)

I would be hopeful but in this economy I'm not sure I'd be optimistic. Your 07 should sell for mid to upper 30's retail but if you add on cpo costs -- don't know what to expect in reality. Euro-dealers will want your audi with only 12k miles -- trust me on that. Depends on what they feel they can give you to make a profit. Keep posting. Had a friend who was going to return her 06 murano to lease an audi. She ended up buying the murano but several dealers were telling her she had some equity to apply to the new car. May have been smoke and mirrors -- will never know. Good luck.
#416 of 551
Re: ML350 [imaxautogroup] by s_ny
Oct 09, 2009 (1:27 pm)
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Any dealers in the Tri-State area doing the same? The dealer i came across is really trying to take me for a ride.
 
For a ML350 4matic..
they wanted..
 
680 a month for 36/mo with 12k mi and 1950 due at signing!
 
MSRP is 54,645, residual 28,415.
 
Thanks and appreciate any feedback.
#417 of 551
Re: ML350 [audi_man] by storm10
Oct 09, 2009 (2:09 pm)
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Replying to: audi_man (Oct 09, 2009 8:05 am)

Audi has a very soft resale value, even though it's a great car. It will be a lot easier for a Dealer to finish your last 2 payments for you - instead of buying your car and dealing with a huge negative equity.
Since ML has such a low money factor - you actually save thousands of dollars (!) over the lease term. Waaaay more than the amount of your last 2 payments! So, I would not say that waiting 2 more months - such a good idea. Because I don't think you can get the same rates 2 months from now (especially in this economy). If you can make a deal right now - do it.
By the way, the only website on the Internet, which gives you EXACT Mercedes-Benz invoice (to the penny) calculator is link title . You can also ask a question from any Dealer in the USA.
#418 of 551
Re: ML350 [s_ny] by jayrider
Oct 09, 2009 (2:14 pm)
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Replying to: s_ny (Oct 09, 2009 1:27 pm)

Before you decide what kind of deal this is---what is money factor. Then what are the fees he is charging and then figure your tax. Did you check on swapalease for deals from nyc leasing companies? They SEEM decent but since I'm not in the market haven't checked them out. Almost all are for 10k miles per year.
#420 of 551
Re: 2010 ML350 Blue Tec Lease [jayrider] by arunnair
Oct 12, 2009 (3:57 pm)
Reply

Replying to: jayrider (Oct 09, 2009 8:58 am)

I need your expert guidance on this deal------I am finalizing a lease on a 2010 ML350 Blue Tec with P1 package, Rear Entertaintment System, Running Board, front seat heated, wood/leather steering, etc. I need your help to decide the best deal on 7,500 miles per year, 26 months-
 
1. The offer I have is: $750 per month with NO/NO Money Down OR $525 per Month with $8K down.
 
2. Also, have an offer on a 2010 ML350 Blue Tec with P2 and Lighting package for $775 per month with No/No money down OR $550 per month with $8K money down.
 
Please help me with your thoughts and guidance. Thank you.

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