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

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Rahul. Here's the latest lease program info for you. Mercedes-Benz Financial'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 36%, respectively. The 44% residual value is for 36 month leases.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Naveen. Mercedes-Benz is currently providing a $2,000 cash incentive on leases of the 2009 ML350 and ML550 through its captive finance company, but unfortunately no cash on the ML320. If you were in the market for a lease of a non-demo ML320, I would advise you to shoot for a selling price of as close to dealer invoice as possible.

    The question on this deal is how much of an additional discount should you be getting for going with a demo model that already has over three thousand miles on it. The problem that I personally have with demos is that dealers never seem to be willing to discount what to me is essentially a low mileage used vehicle enough for me to personally justify going with one over an equivalent brand new model. I personally would want at least an additional $2,000 discount to go with this truck over a non-demo and I highly doubt that the dealer would be willing to cut its price by that much. Your threshold for going with a demo may be different.

    Car_man
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  • I was quoted $2,000.00 MBenz, $1,775.00 Dealer and $4,000.00 Fleet Credit Union discounts. With .0050 MF on 36 at 10K per year at MBenz of San Francisco.

    I'm thinking I can get slightly better at San Jose or at Pleasanton, CA.
  • jagman7jagman7 Posts: 9
    hi guys,

    i just picked one up for my wife and wanted to see if it was a good deal. 2009 ML350 with navi and all options. sticker was 54K and they discounted the car to around 47K. 36 month lease with 12K per year. 575/month with 5000 out of pocket. included first month payment.

    let me know what you think
  • am1199am1199 Posts: 10
    Hi Car_Man,

    Please post money factor and residual for August for 2009-2010ML350 4Matic. I'm interested to get 36 months lease with 10K. Any incentives?Thanks, Alex!
  • Looks like your deal is very close to what's being offered by Mercedes Benz.

    09 ML350 4wd,, $599.00, 36X10K per year, $5000.00 something at DO. And money factor of .0050 or 1.20%. Residual 44%
  • chelentanochelentano Posts: 634
    Has anyone hear of this company? With no money down deals too good to be true?

    http://www.theleaseoutlet.com/Auto/Mercedes-Lease-Specials.aspx
  • The dealership tells me that my deal is incredible. That my lease beats most leases by about $100/month or $4000 cap cost payment and that he was able to do this by using what he calls an ambassador program.

    Here is the specs:
    2009 ML 350
    36 months
    15,000 miles
    P1 package
    Heated Front Seats
    Brushed Aluminum Running boards
    I dont know the interest rate which I see people post here

    742.42 due at inception (includes DMV and 1rst month payment)
    $679.92 total monthly payment (35 times thereafter)

    Is this an incredible deal? God enough to take a car that is not my first choice in color both interior and exterior?

    Thanks in advance...
    Jordan :confuse:
  • 1) How much does going from 10K to 12K to 15K add to the monthly payment on a lease, approximately? I mean is there a formula for that?

    2) Also, does the p1 package come with the glove compartment iPod adapter? Or is that an upgrade above and beyond the P1?

    3) How much is it to have the brushed aluminum running boards installed after market?

    :blush:
    image
  • rahulgrahulg Posts: 25
    based on my experience, there is approx 20 dollar difference between 10 k and 12 k lease and 30 dollar difference betwene 12 k and 15 k lease. Obviously actual values would differ per your duration etc but this will give you a ball park idea.

    IPOD adapter in glove is included in P1.
  • m350m350 Posts: 1
    Base on 36 months, 10K miles/year lease...

    MSRP is $ 53945
    Your special price $ 41945 ($12K employee discount)

    Total Drive off $4000 (includes 1st month payment, 1st year license and dmv fees)

    35 payments of $465.67 plus tax a month, $505.91 including tax (
    For 12K miles/year add $16 a month.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi am1199. Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 ML350 4Matic with 10,000 miles per year are .00209 and 53%, respectively. The numbers for an otherwise identical lease of an '09 model are .00050 and 47%.

    Mercedes is providing a $2,000 cash incentive on leases of the '09 model, but nothing in the way of cash on the '10.

    Car_man
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  • Hi Car man

    can you pls post the lease numbers for 12000 mile, 36 month lease for 2009 ML 350 and 2010 Mercedes ML 350. Want to compare deal between the two.

    Thanks Rahul
  • does the $2000 rebate still apply in September?
  • This seems high to me, what should i be paying on a 2010 ml 350 4matic

    MSRP: 54,000
    *i get a 3k fleet incentive
    Cap Cost: 47,700
    MF .00102
    Residual 54%
    $5,114 + motor vehicle fees down
    36 months w/ 12k/yr PMT=550, including tax

    what should i shoot for my payment to be?
  • Hi Rahul. Here's the information that you're looking for. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 AWD with 12,000 miles per year are .00395 and 46%, respectively. As you can see, Mercedes is not providing lease support on the 2009 version of this truck any longer. If you really want to lease one, you would be better off going with a 2010 model. The lease program for the '10 is much better, .00102 and 52%.

    When negotiating your lease on the 2010 model, make sure to take advantage of the $2,000 dealer cash that is currently available on leases of it.

    If you decide to go with a leftover '09, you can use the $6,000 dealer cash that MB is providing on it to your advantage.

    Car_man
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  • Hi chelentano. Not exactly. MB pulled the plug on its lease support for most 2009 models, including the ML350. It replaced its special lease program on the '09 ML350 with $6,000 dealer cash. It now has a $2,000 cash incentive on leases of the '10 model.

    Car_man
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  • carman, any thoughts on my deal post #390. thanks
  • Hi m1000. The money factor that you were quoted is right in line with Mercedes' current buy rate for this truck. That's always a good sign. As far as the selling price goes, I personally would shoot for $500 to $1,000 over dealer invoice minus the $2,000 cash incentive that Mercedes is currently providing on leases of this truck and whatever other cash incentives you qualify for. You can look up the exact invoice price of the truck that you want, as you want it equipped, over in the New Vehicle Pricing section of this site.

    Car_man
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  • Hello. I am looking to lease the 2010 ML 350 - Using a USAA discount, the following is proposed.

    MSRP - $53,205
    Invoice - $50, 142
    USAA price - $47,142
    Dealer states this is $700 over invoice
    3 year, 12k miles

    $1500 down - includes first month, tax , title etc.
    Lease price $719 plus tax = $762 delivered to house.
    Any comments. Thank you.
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