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

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Comments

  • Good luck. Let me know the outcome. :)
  • You should wait for the 2012 ML class. The t-reg, especially in TDI form runs rings around the '11M.
  • eykeyk Posts: 3
    Does anyone know the money factor and residual for 2011 ML350 12k miles/year -- either for the 33- or 36-month terms.
    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello eyk. Mercedes-Benz Financial's August buy rate lease money factor and residual value for a 36 month lease of a 2011 ML350 4Matic with 12,000 miles per year are .00035 and 50%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 33 month lease would likely be .00035 and 58%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lordolordo Posts: 10
    Carman,

    Could you provide me with the august money factor and residuals for a '11 ml 350 Blue Tec for a 33 month 15k lease . Both Tier 1 and Tier 1 A or + credit scores.

    Thanks
  • borg1of2borg1of2 Posts: 73
    Hi all,

    Is this a good lease offer?

    P01  P01 Package
    R39  19" 5-Spoke Alloy Wheels (255/50)
    234  Blind Spot Assist
    289  Wood/Leather Multifunction Steering Wheel
    550  Trailer Hitch - 4,600 lbs. (Class II)
    846  Brushed Aluminum Running Boards w/Rubber
    866  Rear Seat Entertainment Pre-Wiring
    873  Heated Front Seats
    889  KEYLESS-GO

        MSRP $55,835

    The offer is $530/month which includes taxes
    33 months
    12,000 miles
    $4,0000 down which I intend to use the USAA benefit to pay for this, so no money out of my pocket.

    It's close to the current promo with a higher MSRP vehicle and 12000 miles instead of the less than 10000 miles of the current national deal.

    Am I missing something, or should the offer be better?

    Thanks
  • coppercopper Posts: 94
    borg1of2: No Nav?
  • borg1of2borg1of2 Posts: 73
    Nav is in the P1 package.
  • Hello borg1of2,

    When you referred to using you USAA benefit as your $4k down, is this in leiu of the $4k USAA discount? Or is this an additional $4k from USAA.

    Thanks...Alex
  • borg1of2borg1of2 Posts: 73
    Alex,

    What I was trying to indicate that I want to use the $4K USAA benefit against the $4000 down part of the lease. When leases say you have to pu money down sometimes it used for cap cost reduction, sometimes it pays for the fees and I guess other possibilities, like first payment. What I want try and do is use the USAA benefit to pay the $4000 down requirement and basically make this a no cash out of pocket deal.

    Is that doable? If not, is the lease still a good deal as I would have to get them to apply the $4000 USAA benefit where it's allowed and see what the lease then looks like.

    Scott
  • Hello Scott,

    I think that I see what you are saying. Here is how I understand that situation. Whether you use "USAA benefits" to have them lower the selling price, or apply it as a down payment, both have the net affect of lowering the capitalized cost entered into the lease calculations. So, in the end, it doesn't matter.

    I was only aware of a $4k USAA discount. When you used the term "benefits," I thought you may be referring to some other $4k that is available for members.

    Alex
  • borg1of2borg1of2 Posts: 73
    So, do you or does anyone have any comments on the lease deal?

    I don't have the numbers that they used as the discussion was about getting to a monthly payment and not specific costs, fees and interest rates. I tired to figure a way to get to the number with Lease calculators, but couldn't seem to get as low as they offered.

    Thanks

    Scott
  • Based purely on the numbers in you prior post, I think that $530/mo. including tax is a pretty good price on a vehicle with that MSRP. However, the bargain hunter in me would still want to know that the selling price is good, and that the MF they are giving is the true buy rate, and not being "packed."

    If you can, try to get the numbers they used to arrive at that payment, and post them for the Forum. That way, you can see if anything is being marked-up unfairly.

    Alex
  • Thanks for the response. That is what I'm going to do. Wait for the '12 models to arrive. Very excited as I heard they are amazing!! :D
  • lordolordo Posts: 10
    Hello,
    I am currently in the market for a diesel ML 350 and I am wondering if anyone knows the money factor and residual for a '11 Blue tec lease 33 month 15k. Any help would be appreciated.

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to, lordo. Mercedes-Benz Financial's August buy rate lease money factor and residual value for a 33 month lease of a 2011 ML350 Blue Tec with 15,000 miles per year are .00115 and 62%, respectively for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • eykeyk Posts: 3
    Just want to see if I'm understanding this correctly... for the difference of 3 months (33-months versus 36-months, which arguably is nothing), the monthly depreciation for the 36-month lease is about 1.39% verus 1.27% for the 33-month lease. Or said differently paying 9% more in depreciation cost to do the 36-month lease instead of 33-month.

    Is there any benefit to doing a 36 month lease?? Oher than maybe you might get a better deal on your next lease if it ends in August (new model season) rather than May three years down the road. What am I missing?
  • storm10storm10 Posts: 175
    There is 7% difference in residual between 33 and 36 mo. Only 3 mo of depreciation. That's huge!

    However your payment will drop a lot if you go for 48 or 51 months lease... If you can still find any remaining 2011 ML...
  • butchpbutchp Posts: 1
    Carman;

    i want to buy 2012 ML350, p2 launch pkge. sport interior, lighting package, sport pkg. , basically a loaded car less air ride. What should i pay for this car in cash.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi butchp. I am not intimately familiar with what the market is like for the 2012 ML350, but if I was in the market for one right now I personally would shoot for a selling price of $1,000 over invoice or so. You can look up this car's invoice price over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • chicagomomchicagomom Posts: 13
    edited August 2011
    I'm thinking about negotiating a lease on a 2011 ML350 4MATIC. My 2 must-haves are Navigation (prem pkg 1) and heated seats. Most of the cars I've seen in the dealership are fully loaded or have some variation of this car. What is the best way to approach negotiating the price: $X off MRSP or $X over dealer invoice? I would qualify for the top credit tier.

    Is it a better deal to go with 33 or 36 months 15k miles/yr (I could manage 12k/year - if much better deal)? What is the money factor and residual on 15k miles? My dealership is aggressively clearing out 2011s because they are getting the 2012s next month. I'd really rather get a 2012 (better gas mileage) but I don't have the patience to wait for a deal on the 2012. Also, how do I take into account the $4000 rebate. :-)
  • Host, can anyone help me here? Can I expect to get invoice - $4000 conquest and another $1,000 incentive (for special event tomorrow)? It seems like getting $5k under invoice is a lot.
  • borg1of2borg1of2 Posts: 73
    Hi chicagomom,

    Yes, that deal is out there. I got that from a dealership here in FL. Haven't bought yet, but the offer was there. This was without any special event. What special event are they running tomorrow? Is it national or local dealership event?

    Scott
  • I was told by 2 local dealerships that they were offering an additional $1,000 incentive for their summer clearance event tomorrow (Saturday). I'm in Chicago. Should I be negotiating off of invoice or Edmunds TMV?
  • borg1of2borg1of2 Posts: 73
    You can try the TMV, but do understand that the TMV may reflect some of the known discount, which was the $4000, so you will lilkely get them to do $5000 under invoice fairly easily, and then you'll have to push to get more.

    My beat offer is $499 per month, includes taxes, for a 33 month with 12,000 miles on a ML 350 BlueTec Diesl with Nav, Blind Spot, free maintenance for the lease and a few other options. Putting $4000 down. Don't yet know the numbers that make up this deal as I am just looking at a bottom line number.
  • Did you mean $500 under invoice or do you think I can get $5,000 under invoice? CarMan - any thoughts?
  • borg1of2borg1of2 Posts: 73
    I meant $5000. Good offers start at invoice. The competitor Loyalty gets $4000 off your starting point. Then your local additional $1000 for a total $5000 below invoice.
  • You are absolutely right - $5000 under invoice was easy. I'll let you know how things turn out. Thanks for the quick response!
  • borg1of2borg1of2 Posts: 73
    Please do.

    I missed out on the Diesel, but got a RWD for $540 per month including taxes on a 33 month 15,000 mile lease with $2000 down. Pick it up on Wednesday.
  • That sounds like a great deal! When you said $2,000 down, does that include your lease inception and fees or is it a $2k cap reduction? What was MSRP versus sales price? What is your tax rate? We are totally screwed here with 9.25% upfront for full value of car + the city of Chicago charges an additional 8% lease tax on the monthly payment. I did not sign a lease yet.
This discussion has been closed.