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2013 and earlier-Mercedes-Benz M-Class Lease Questions

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  • bergenmanbergenman Posts: 4
    It is .000147 MF
  • drmhfdrmhf Posts: 29
    I just got the following offer for ML 350 - 48mo/12K mi/yr premium 1, heated seats, Running boards. Edmund's says invoice = $49,532
    MSRP $53,195
    Cap cost $47,983
    Bank fee $895
    Residual 39% 20,746
    MF .00067
    tax 8.62% $2857

    1st pmt + fees = $945 monthly pmt= $692
    Salesman said can go a few hundred lower on cap cost, which would lower payment to about $675..

    I'm also looking at a Lexus GX. That deal is posted on the Lexus forum.

    Can I do better than $675/mo on the ML350 ?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, mk2. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 4Matic with 10,000 miles per year are .00067 and 48%, 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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey amcdad. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 AWD with 15,000 miles per year are .00067 and 45%, respectively.

    The numbers for an otherwise identical lease of an '09 ML320 are .00147 and 53%.

    The ML350 has a special $2,000 cash incentive available on leases of it right now, but this cash is not available on the ML320.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jefhack1. Mercedes-Benz is not providing any cash incentives that I am aware of on the '09 ML for current owners of competitive models, so the fact that you currently have two X5s probably will not help you during your negotiations.

    Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 4Matic with 10,000 miles per year are .00067 and 48%, respectively.

    Even though Mercedes is not providing any conquest cash on this model, it is providing a $2,000 cash incentive on leases of the ML350 to all customers. Make sure to take this cash into account during your negotiations.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey Jeff. Please scroll back a few posts for my answer to your questions. Thanks.

    Car_man
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  • s888miless888miles Posts: 2
    Hey Car Man:

    I would like to know if there are special lease incentives for June 2009, for the ML 350. Thanks.
  • mjm14mjm14 Posts: 1
    I am considering leasing one and am concerned about the real driving MPG...please let me know what you are getting city and highway...thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi s888miles. Yes, Mercedes-Benz is running a special lease program on the ML350 in June. Mercedes-Benz Finance's June buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00067 and 45%, respectively.

    In addition to this special lease money factor, Mercedes is providing a $2,000 cash incentive on leases of this model. Make sure to take this cash into account when negotiating the capitalized cost for your lease.

    Car_man
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  • jsonnyjsonny Posts: 2
    Hi Car man-
    Do you have the money factor and residual value for a 48 month lease of the 2009 ML350 4WD with 15k per year?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jsonny. Here's the information that you're looking for. MB Finance's current buy rate lease money factor and residual value for a 48 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00050 and 44%, respectively.

    Car_man
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  • Hello,

    I currently have a 2006 ML350 AMG Package lease (paying in the low 600's) that is ending in Oct 09. The dealer is offering me the following proposed new lease to get me out of the current lease: Note that the dealer included the 2000.00 MB cash back, and took another $1000.00 off from invoice to bring it down to selling price of 48400. The lease payment is $659.00 per month, 48 months @ 12,000 miles per year. Let me know if it's a good deal.

    Equipment:
    Blk on Blk
    M-B Tex
    Premium 1 package
    Lighting package
    Appearance package
    Heated Front seats

    MSRP: 54445
    Selling price after discounts: 48400 + tax
    Total out of pocket: 2172.00
    Out-of-pocket includes aquis fees, 1st mo, and upfront fees.
    Residual (base) 36.00
    Total Residual $20,689.10

    Let me know what you think.

    Thanks!
  • bettyblubettyblu Posts: 7
    Is the money factor and residual on the 2009 ML350 Bluetec different than the ML350?Lease
    3 year 15000miles MSRP $62000. purchase price approx.$55000. Have owned BMW's before may try MB this time around.....IMHO....better cargo space in the ML. :) Thanks
  • jayriderjayrider Posts: 3,196
    Plugging in the numbers in the post before yours -- the lease for your vehicle at 15k miles per year should be $544 plus tax and fees. At 12k miles yours should be a bit less. What money factor was your dealer using?
  • The money factor is 0.0005 for the lease which works out to 1.2%.
    Your calculation does not seem to be true because the current lease programs all over Mercedes benz website and at the dealerships are 549.00 per month for 48months for a ML 350 automatic with only 10,000 mile per year with over $5,000.00 down. I would love for the deal to be 549.00. However ther are no known programs at mercedes benz finance with payments for $549 plus taxes and fees for 48 months with15,000 miles and $2100.00 out of pocket on a vehicle with an original msrp of $54450.00. If there is one, please give me the dealship info.
  • jayriderjayrider Posts: 3,196
    I just used car-man's info of .00050 mf and 44% residual. Cap cost $48400 minus residual of $23955 = $24445 / 48 months is $509.

    $48400 + $23955 = $72355 / .00050 = $ 36.

    $ 509 + 36 = $ 545 for a 48 month least at 15k per year. All fees and taxes extra.

    Run the numbers , I may have miscalculated. Forget about so called programs -- you have all the numbers to run the lease. It is what it is.
  • Note that there was only one ML 350 in the Northeast with the equipment mentioned above that was in stock. My local dealer did a swap with another MB dealership in MD and is having the car picked up and transported via Truck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey bettyblu. Yes, Mercedes' lease program for the ML320 Bluetec is different from its program on the ML350. Mercedes-Benz is not currently providing any lease support on the diesel ML. As a result, if you were to lease one through MB Finance, you would have to use its standard lease program...which isn't very good.

    Car_man
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  • rahulgrahulg Posts: 25
    Hi Car Man

    I contacted local dealer in Lincoln and he gave me a totally different money factor and residual for a 2009 ML 350 48 m / 15 k lease than what you have mentioned in your posts. He gave me a 0.00050 / 36% whereas you have posted a figure of 0.00050/44% for a 48 mth lease at 15 k miles per year. Kindly let me know whats the right value and if your value is right, how do I prove to dealership that they are giving me an inflated value. Sales mgr also told me that he will write to edmunds that they are posting a wrong lease value but I told him that my reliability factor on car man is much more and I have tested in my previous two leases.

    Thanks, Rahul
  • Hi, this car is a demo model, with 3200 miles, in NJ:

    2009 ML320 BlueTec
    Black/Black M-B Tex
    H04 Maple wood trim
    P02 package
    324 Sunroof
    550 Trailer Hitch
    873 Heated Front seats

    MSRP (incl delivery): 57,475.
    Selling price: 47,900.

    The selling price seems high; I want to make a counter-offer: what would be a good, aggressive number? 44K? 42K?

    Also, I haven't told them yet, but once we settle on a price I will ask them to structure a lease. Are there any specials on the 2009 BTC models going on right now?

    Thanks!
    Naveen.
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