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

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Comments

  • Sounds way too high.
    Just was quoted today for ML350, P1, heated seats, running boards 640.00 with no cap cost, just first month and taxes.

    My 2007 E350 w4 still has 4 payments left which they will eat.
  • storm10storm10 Posts: 175
    Here is what I did: I went to link title, where you can go to "Dealer Quotes", select your State and request a quote individually from every Mercedes-Benz Dealership in the country. Let them compete between themself. Whoever comes with the lowest price - earns my business. I did not care about rates or residuals, etc... All I care - who can give the lowest payment. The best deal I got on my E350 was $2,100 below invoice plus they had $2,500 incentive at the time, but I did not care about all that. The only thing made a deal is the lowest payment.
    Hope it helps.
  • CAR_MAN
    in regards to post #394 I have a question for you. Why you are suggesting to go over invoice for $500- $1000 while Overstock deals offer up to $600 bellow invoice on ML350 2010 models?
    Do you suggest to go over $500 -$1000 Edmunds, dealers or Overstock's invoice Overstock' invoice includes dealer's regional and ad fees. Are these fees negotiable?
    Does $2000 lease credit applies to anyone? or only to their current customers?
    Do you think they would cover my Audi A6 2 remaining lease payments?
    Sorry for so many questions
    Thank you in advance
  • msf83msf83 Posts: 10
    Car Man, could I please have the current rates for 36mo/10k on the ML350 2WD?

    Also, is there still a $2,000 cash incentive like last month or has that changed?

    TIA
  • Hello mfs83,
    Looks like $2000 rebate on 2010 models is still available. What lease numbers do you currently get for ML350? I'm on a market for ML350 4MATIC
    it seems like dealers are willing to sell them bellow invoice (before rebate) Any comments?
    Thanks
  • 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.
  • msf83msf83 Posts: 10
    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?
  • storm10storm10 Posts: 175
    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.
  • msf83msf83 Posts: 10
    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?
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jayriderjayrider Posts: 3,195
    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.
  • 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
  • jayriderjayrider Posts: 3,195
    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.
  • 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
  • jayriderjayrider Posts: 3,195
    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.
  • 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.
  • jayriderjayrider Posts: 3,195
    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.
  • s_nys_ny Posts: 1
    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.
This discussion has been closed.