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

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thank you so much or the kind words, russman29. HA, I loved this quote from your post "or logging alot of time in ditches or mashed against trees." :D

    Mercedes-Benz is currently only waiving up to three remaining lease payments for current lessees who want to lease a new ML. That means that you would either be on the hook for the remaining three payments or the dealer is going to try to bury them in your new deal.

    I personally don't think that there's anything wrong with going with the Bluetec, though you probably would want to talk with some current owners of one over in an ML Owners discussion before pulling the trigger.

    If I am not mistaken, the highest mileage allowance that Mercedes-Benz Financial publishes residual values for is 15,000 miles per year. If that is correct and you know that you are going to drive more than that, you would likely have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.

    Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36-month lease of a 2013 ML 350 with 15,000 miles per year are .00160 and 54% for consumers who qualify for its Tier 1 credit tier. The numbers for an otherwise identical lease of a Bluetec are .00205 and 60%.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey bolhan. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 30-month lease of a 2013 ML 350 with 10,000 miles per year are .00160 and 63% for consumers who qualify for its Tier 1 credit tier.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings artie9. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 24-month lease of a 2013 ML350 Bluetec with 15,000 miles per year are .00205 and 70% for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise identical lease of a '13 ML350 4Matic are .00160 and 64%.

    The residual values for a lease with only 12,000 miles per year would be 2% higher.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drmhf. You are spot on with the money factor. The residual value for a 48-month lease of a 2013 ML350 4Matic with 12,000 miles per year is 44%.

    You're absolutely right, a 4-year lease would be cheaper than a 2- or 3-year lease. As long as the support is available for 4-years, there's no reason not to go with that long a lease...other than you just don't want to be committed to one vehicle for that long.

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  • njdriver1njdriver1 Posts: 86
    Hi Car Man

    Will money factors change with the term of the lease? Would the money factor on a 48 month lease be different from a 24 month lease? It would seem so since the MF is an interest rate tied to term.

    Do you have MB's MF and residual for 30 and 36 months for a 10,000m/yr lease on a ML350 blu in NYC?

    Great work on this board Car Man!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the kind words njdriver1. Good question. For some brands, yes the money factor does vary by term. However with Mercedes-Benz Financial the factors are the same for all terms up to 48-months.

    MB Financial's March buy rate lease money factor and residual value for a 30-month lease of a 2013 ML350 Bluetec with 10,000 miles per year are .00205 and 68% for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise 36-month lease are .00205 and 63%.

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  • rbl1rbl1 Posts: 2
    Could you provide me with MF and residuals for 12k miles, 24 months, 30 months and 36 months?
    Thank you in advance!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you're looking for, rbl1. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 24-month lease of a 2013 ML500 with 12,000 miles per year are .00205 and 61% for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise identical 30-month lease are .00205 and 57%. The 36-month numbers are .00205 and 53%.

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  • artie9artie9 Posts: 3
    Hi Car Man,

    Do you have the April lease information on the 2013 ML350 Blue Tec? 12,000 miles for a 24 month lease. Money factor and residual?

    Do you also have the same information for a 2013 ML3504matic?

    Thanks for saving us $$$$! :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome artie9. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 24-month lease of a 2013 ML350 Bluetec with 12,000 miles per year are .00205 and 72% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 ML350 4Matic are .00160 and 66%.

    Good luck and make sure to let us know how everything turns out.

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  • gmigs13gmigs13 Posts: 3
    Just curious. What does this mean if you put $0 down for a $56K or $60K bluetech? I know it's been discussed in the past, so a link to the relevant calculator or calculations would be fine. Thanks!
  • khammerkhammer Posts: 3
    Car Man,

    What are the April money factors and residuals on a 24 month and 36 month one-pay lease, both with 10,000 miles per year, for a 2013 ML350?

    Thanks in advance.
  • Hi, I've been reading this forum to try and better prepare myself for my 3rd Mercedes lease. I am trying to get out of my 2012 S550 as my income has taken a huge dip. I am interested in an ML and my dealer's first offer is a 2013 ML with an MSRP of 52k, 12k miles a year, and a 36 month lease for a payment of $1079/month. He is waiving three of my final eight payments and burying the rest in the cost, I presume. He wants $2500 down, which includes my first payment. I'm heading in there tomorrow and hope to have some ammo to negotiate a better deal. I HAVE to get out of the S550 because the $1570/month payment is killing me. Thanks for any additional insight!
  • mlevinemlevine Posts: 222
    About $8,000 has to be put back into the lease. Find out the breakdown of the lease payment of $1079/month. I would also find out the breakdown of the $2500 down. Do you have any positive equity in the car? You may also try calling MB corporate to see if they can help you with eating extra payments from the S class. I thought the pull ahead program is 5 payments, but I could be wrong.
  • jmm13jmm13 Posts: 6
    Does anyone have any information on the residual rate and money factor etc for april 2013 for a 39 month lease of a mercedes awd ml350 - I am in the ny/nj area-
  • THanks for the input. The 2500 down was first month payment, doc fee, title, tax and decap. I got them down to $1638 down, MSRP of 52,045 and a cap cost of 49,613, bringing my payment to $1074/month. They used .00175 for the money factor and 56% residual. I think that the five payments they have to put back in to the lease is really a deal killer for me. I plan to wait and see if the incentives change. Hope this info hopes anyone in the market now
  • jmm13jmm13 Posts: 6
    Forgot to mention 12,000 miles a year
  • mlevinemlevine Posts: 222
    Money factor seems too high. May need to wait a few months as the pull ahead may be better. I would also consider looking at numbers for a 30 month lease(money factor .0016 and residual 62%).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi khammer Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36-month lease of a 2013 ML350 with 10,000 miles per year are .00160 and 67% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36-month lease are .00160 and 57%.

    The last time I looked into it, which admittedly wasn't all that recently, Mercedes-Benz Finance's money factor reduction for one-pay leases was .00110.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jmm13. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 36-month lease of a 2013 ML350 4Matic with 15,000 miles per year are .00160 and 54% for consumers who qualify for its top credit tiers.

    You may be able to lease this truck for 39-months using the 36-month program if it is eligible for Mercedes' "Value Added" program.

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  • msnjmsnj Posts: 5
    Hello Car_man
    I have a e350 2010 planning to return it and get into a ml 350 bluetec with P1
    Got a few quotes 10k 36 month mf .00165 lease the best working out to $690 tax (nj )and maintenance included and $2300 for paperwork and 1 st month lease.
    I was not able to get the dealer to give me any credit for current car except they giving me 2 payments off and no disposition fees.
    Pls advise if its a good deal ?
    Appreciate your inputs.
  • jmm13jmm13 Posts: 6
    thanks for your response- is it the same for 12000 miles per year thanks
  • what are your thoughts on the following: 2013 ml 350; sticker $58,475; 36 mo lease; 15k miles; lev 54%; mf .0021 ? just starting to negot -mf seems high & lev seems low? what discount can be expected off sticker? area is so.louisiana. thanks.
  • drmhfdrmhf Posts: 29
    edited April 2013
    I was offered the following lease terms yesterday on a 2013 ML 350 4matic with P1 and wiring for rear seat entertainment-(which I do not want, but they have this car in stock):
    Term 48 months 12k miles /year
    MSRP=55,545 cap cost = 51,100
    No money down
    Mf=.0016 residual 44%
    Monthly payment including tax (8.65%) = $699

    Actually when I put these numbers into a leasing calculator I get a higher monthly payment

    The dealer suggested that I wait until May as MB might come out with some incentives, possibly $1000-1500. How does this deal sound?
  • gmigs13gmigs13 Posts: 3
    I pay $900/mo for a 36 mo / 12K / $57K msrp ML350 but they ate 3 months of my glk350 lease and threw in maintenance for the length of the lease (about $1000) ... 4 yr lease seems long to me but the price point seems good...
  • Went to Mercedes dealership yesterday and received a quote on a 2013 ML350. Cap cost 57,800, 5K down, residual 29,950 (54%). 39 month lease, 10K miles. I didn't get the MF and they are closed today. I calculated payment using a MF of .0016 based on posts here but it doesn't even come close to the monthly payment of almost $800. We didn't run credit or start real negotiations. Can I assume that they were using a less favorable tier on the MF for an initial quote? Trying to figure out the variance. Thank you for your advice.
  • sehkonsehkon Posts: 5
    edited April 2013
    Just got a 2013 ML350 ($59.99k) MSRP for $22.5k one time payment lease.

    30 months, 10k miles a year.

    I handed the dealer the amount in full, as one time payment lease.

    For a $60k car, the payment per month is 22,500/30 = $751 or so.

    Not bad considering what I read above.

    You can save $1k - $15. further with fleet discount option (which I did not have unfortunately)

    This is in Northern NJ
  • robrtgolfrobrtgolf Posts: 15
    Hello Carman,

    Can you please tell me the April MF and residual for a 24 month lease with 12K per year for the ML350.

    Also, are there any incentives for the ML?

    Thanks,

    RM
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi msnj. The money factor that you were quoted looks about right. It would be easier to evaluate this deal if you were able to provide us with this truck's MSRP and selling price. That would show us exactly how much of a discount you are being provided on it.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome jmm13. The money factor for a lease would be the same with 12,000 miles per year, but the residual value would be 2% higher.

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