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

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello robrtgolf. Mercedes-Benz Financial's April buy rate lease money factor and residual value for a 2013 ML350 with 12,000 miles per year are .00160 and 66% for consumers who qualify for its top credit tiers.

    I don't think that Mercedes-Benz is currently providing any cash incentives on the ML right now.

    Car_man
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  • robrtgolfrobrtgolf Posts: 15
    Thank you Carman for your response.

    A dealer in South Fl is offering me the following deal:

    2013 ML RWD MSRP $55,515
    Selling price $50,000
    MF .00180
    30 Months with 12,000 miles per year.
    $3,500 total out of pocket.
    $699.00 per month including 7% tax.

    Is this a good deal?

    Please let me know your thoughts.

    Tanks,

    RM
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome robrtgolf. The selling price that you were quoted looks great, but if your credit is in good shape, the money factor that you were quoted is slightly high. Mercedes-Benz Financial's current buy rate for the ML 350 RWD is .00160 for top tier customers. Make sure that the dealer uses the buy rate to calculate your payment.

    Car_man
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  • jmm13jmm13 Posts: 6
    Are there any changes in the residual and money factor for may 2013 for a ml350 3 yr lease 12000 miles - thanks again car man
  • artie9artie9 Posts: 3
    Greetings Car_Man,

    Do you have May lease numbers for a 2013 ML350 Blue tec? 12,000 miles for a 24 month lease and residual numbers? What is the value added program? Does this car qualify?
    My lease is up this month. I have been waiting but now have to make a choice.

    Thanks for hanging in there and assisting with keeping a few $$$$'s in my pocket. :D
  • jmm13jmm13 Posts: 6
    I have been getting lease prices on a ml350 - Msrp is 56,015.00 cap cost 49,369.00- 12000 miles per year for 39 months - 8.25 sales tax (ny) - they are quoting me 735.00 a month with 1500.00 down. I am calculating that it should be around 639.00. I think the reason for the difference is they are using a residual rate of 54per cent. I am using 56 per cent as per this forum and ride with G.
    They also claim the acquisition fee is 1095.00 but another dealer states it is 795.00 and so does ride with G - also mv fees of 400.00 and 700.00 advertising fees. They swear the acquisition fee and residual rate are set by the "program" - is that true or are they inflating the bank fee and lowering the residual rate. - it also looks like they are putting all the fees into the lease and subtracting the 1500.00. - is it better to pay all the bank and misc fees up front - thank you jamie
  • marvron26marvron26 Posts: 1
    Hi, I had an ML built with scheduled delivery end of May

    MSRP 61460 and sale price of 55222

    I'm debating between buying vs leasing

    I was wondering what the buy rate apr is if I were to purchase this car with top tier credit?

    Also, I'm a novice with calculating lease payments, what would be a good deal for getting a
    36 month lease with 10k miles per year?

    Thanks.. any input would be appreciated.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jmm13. Mercedes' May lease program for the 2013 ML350 is the same as it was in April.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey artie9. Mercedes-Benz Financial's May residual value for a 24-month lease of a 2013 ML350 Bluetec with 12,000 miles per year is 72%.

    As an unsupported vehicle, if you were to lease this truck through Mercedes-Benz Financial you would have to use its standard lease money factors. They probably vary by trim level and credit tier, but to give you an example they would be around .00205 for Tier 1 customers. As an unsupported vehicle I doubt that this vehicle qualifies for the Value Added program, which would enable you to lease for 27 months using the 24 month program.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello jamie. Dealers cannot alter vehicles' residual values. They can mark up money factors and the acquisition fee though. Make sure that the dealer uses a money factor of .00112 and an acquisition fee of $795 on your deal. If they use anything other than that they are marking up your vehicle's program to bake extra back-end profit to your deal.

    I personally would rather roll all of the fees into the lease rather than paying them up front.

    Car_man
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  • tuburonhtuburonh Posts: 9
    Hi CarMan-

    I understand that BMW's May figures are the same as their April ones, and I am sorry if I'm being dense, but I can't seem to find in previous posts about April just what the rates would be for a 3 year, 15000 mile per year lease on the ML BlueTEC. Could you let me know please?

    Thanks so much.
  • ilsbilsb Posts: 4
    edited May 2013
    Hi CarMan

    can you tell me the lease factor and residual for an E350, 10,000 miles/yr, $62,000 sell price, 2yr? Dealer also quoting $795 acq fee and $ 499 doc fee.

    thank you
  • jmm13jmm13 Posts: 6
    I thought the money factor is .00160 as per your previous response- thanks jmm
  • tuburonhtuburonh Posts: 9
    Sorry- meant to say Mercedes's rates, not BMW's rates!
  • landrover1landrover1 Posts: 15
    Hi Carman:

    I am looking at a new lease on a 2013 ML 350 my 2010 ML is coming off lease soon.

    This is what the dealer is offering on a $55,105 MSRP with the following equipment:
    Black/Black MB-Tex
    P 1 Package
    20" Wheels
    Parktronic
    Trailer Hitch
    Ambient Lighting
    Keyless Go

    $2000 down

    30 months 12K year $818.94 with taxes.

    Does this look like a good deal? It is significantly more than my 2010 MSRP of $53,200 but the 2013 has more options
  • j1c4bj1c4b Posts: 1
    Hi Carman
    I am looking for to lease ML350 with P1 package. MSRP $54625
    Looking for 30 month lease with 10k miles
    What are MB financial numbers for may?
    Dealers offer was $49500
    With $2500 due at signing and $709 monthly with 7% taxes included
    What is looking kind of high to me
    Also I am working for company what is on MB corporate list with $2000 discount. Can I apply it to dealers final sale price?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey tuburonh. Mercedes-Benz is not providing lease support on the 2013 ML Bluetec right now. Its current 36-month, 15,000 mile per year residual value is 60%. If you lease one through Mercedes-Benz Financial, you would have to use its standard lease money factors. They vary by credit tier, but would be around .00205 for consumers who qualify for its Tier 1.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Good catch, jmm13. .00112 is for the GLK. The ML is indeed .00160. Sorry for the confusion.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi landrover1. MLs definitely cost a lot more to lease than they used to. You really need to find out what selling price the dealer is using to calculate your lease. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is more difficult to tell if there's any room left to negotiate.

    I have to say, the ML is a nice truck, but I certainly would not pay $800 per month for one when there's a lot of other nice trucks out there that may not have the fancy name but are very similar yet hundreds of dollars per month less.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi j1c4b. Mercedes-Benz Financial's May 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 top credit tier.

    I'm not sure how the "corporate list" program works. Most supplier programs provide consumers with a low, non-negotiable selling price that they can use to calculate their vehicle's lease payment. That's how it worked when I leased a Mercedes in the past.

    Car_man
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  • hlc395hlc395 Posts: 1
    I am in the process of negotiating a lease on a 2013 ML350 15k miles per year and 39 month lease. The dealership is telling me the residual value is 51% (does this seem correct) and a money factor of .00161. Do you think the residual and money factor are accurate?

    Also, I currently have a 2010 ML350 and I am over on the mileage by about 10k - so $2500 in overage and have 4 payments left on my lease. The dealership said that MB is offering a 3 payment lease credit on the ML but I have a question on the mileage... if I lease another ML will MB waive the cost on the mileage overage? The dealership is telling me no but I have heard otherwise. Do they waive it or do they try to hide it in the lease somewhere?

    Any thoughts/comments you have are appreciated.
  • tuburonhtuburonh Posts: 9
    Many thanks Car_man. Also, one of the dealers I have been talking to told me that MB Financial will lower any of their money factors by .00010 if you use autopay. Not a huge savings, but easy enough to do and every penny helps
  • Looking to lease a Mercedes slk250. I've already test drive car and love it. However, should I wait until the 2014 comes out. Will there be a better deal? What is negotiable when leasing? How do I get the pride down?
  • Good Afternoon CAR_MAN,

    Do you know the June Residual and MF on a 2013 ML350? 10,000 miles a year, looking for a 30 0r 36 month lease, maybe 39 if the Residual is good.

    Thanks again your information is a lifesaver.
  • traderbtraderb Posts: 33
    Car Man, can you give me June #'s for ML 350 and Bluetec, 27, 36 with 10k/year, if 24 or 39 months are better i can use those instead, thx.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pjprestoration. Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 30-month lease of a 2013 ML350 with 10,000 miles per year are .00160 and 63% for consumers who qualify for its top credit tier.

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

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi traderb. Mercedes-Benz Financial's June 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 Tier 1 customers.

    The numbers for an otherwise identical 36-month lease are .00205 and 60%.

    Car_man
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  • woodyduwoodydu Posts: 3
    edited June 2013
    First, I cannot say how much I appreciate everyone's info on here, especially you Car-Man. Your knowledge is invaluable and saves us all a great deal of money.
    I don't post much and only lurk on the boards when it comes time to buy/lease a new car. I will promise to post my upcoming deal on the forums after this (my second lease experience).
    So here goes......

    First, could you please Car_man provide me with MF and residual on ML350 bluetec with either 24/27/or 36 months for June. Only need 12k miles per year. I saw your numbers on a prev post for the 24mos and 15k miles per year, but I don't know if this changes with only 12k miles per year and at different lease length terms. Looking at getting one for the wife, just not sure whether to buy or lease.

    Second, in a previous post you said, "Make sure that the dealer uses the buy rate to calculate your payment." I am sorry for sounding like such a newbie, but also at the expense of searching this topic for hours could you explain that to me, or provide me to a link that might do the same? I am not sure when you say to make sure they use the buy rate....is there a different rate they can use?

    Third, I get a discount thru an affiliation of 2000. Do I negotiate the price of the car first, then add this discount to that price, or will the dealer tell me to leave if I say negotiate down to a very strong offer and then throw this discount in. same goes for using the MB club of America discount.

    Thanks in advance for your replies and I truly really do appreciate them.
    Stay thirsty my friends!
    Mark
  • salachsalach Posts: 2
    edited July 2013
    Hi Carman,

    Could you provide the July residual percentage and money factor for the ML 350 Bluetec please? 10k miles per year and 36 months.

    Thanks.
  • iamgortiamgort Posts: 21
    edited July 2013
    Just test drove a 2013 ml350 and I am curious what the MF/RES for a 10K or 12k/yr 36month are for july and also, how much does each additional MSD drop the MF and how much does auto pay reduce ?

    This is for 4matic, I forgot to add. Would also consider a 30 month term 10K.
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