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

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Comments

  • marzsh1marzsh1 Posts: 23
    edited September 2011
    Hi Car_Man and other memebers,

    I just put a deposit for a 2011 ML350 4matic, 33 month, 15K. They are giving me $29500 for my 2009 Lexus RX 350. My pay off is $23000 so it has $6500 Equity. Here is are details:

    MSRP: $56425

    Cash salesprice: $51776

    aquisition fee: $1095
    Vehicle total: $52871

    Cap Reduction: $8727
    Mnfg Rebate: $4000

    Total cap reduction: $8727
    Customer Cash( my trade in): $6500
    Drive off: $10500 (This includes $4000 rebate for conquest cash)

    Adjusted Cap Cost: $44143.81

    MF: 0.00067
    Residual: 54%
    State DMV fee: $446
    State Tire fee: $8.75

    Monthly Base: $464.36
    Total Monthly payment: $504.99 This includes $15 for prepaid maintanance.

    Total out of pocket at lease signing: 0
    $1773 tax and resgistration and first payment rolled into cap cost.

    Regarding residual factor, I checked MBUSA and the current offer for ML350 4matic has a 57% residual for 10K miles. Normally for 15K it should be 2% lower not the 3% that they used. Am I missing something?
    I told them that they are marking up MF and they said it is a common practice and they can't give me MB financial buy rate. Other dealers in my area even increase the mf more.

    My brother also got another ML350 4matic in Wisconsin using august program. I have some of the numbers for this deal as well:

    33 Month, 12K Lease:
    MSRP: $56250
    Invoice: $52874
    Sell: $49200 (My estimation) Invoice-$3647
    mf: 0.00035 (my estimation)
    Res: 58%

    Total monthly payment including 5% state tax is $600 + $8 for prepaid maintainance.
    Due at signing: only first month payment.
    He didn't have a luxury car, but I assume dealer gave him $3647 off invoice.

    Please let me know what you think.

    Marz
  • The MF sounds high but I'm not sure what the numbers are for September. If the Edmunds Incentives & Rebates section is correct, the money factor from last month should be the same. However, it seems the $4,000 rebate is no longer available so if they are giving you the rebate, they may be playing with the money factor and residual to make up for it. Bottom line is that the 2012s should be arriving this month so your dealer wants to sell you the 2011 because how many 2012s the dealership gets is dependent upon their current inventory. You have leverage!
  • Hi seriousbuyer3. I've heard that the conquest cash is indeed still there, but I am not aware of any other cash incentives on the ML right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • They definitely used the conquest cash and some other incentive since their selling price is $5261 off invoice. They don,t have any control on residual because it is set by MBZ. To me, the only downside of this deal is the high MF and lack of additional incentives to compensate for 2% drop in residual.
  • Car_Man,

    Can you provide the September MF's and residuals for the new 2012 ML350? 6cyc and diesel.

    I am interested in 15K miles per year and 36mo to 48mo leases.

    Thanks,

    Rob
  • marzsh1marzsh1 Posts: 23
    edited September 2011
    Hi Car_man,

    Can you provide the MF and residual for 2011 ML 350 4matic and 2011 ML 350 bluetec?

    Thanks.
  • Hi Rob. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36 month lease of a 2012 ML350 4Matic with 15,000 miles per year are .00195 and 60%, respectively for consumers who qualify for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48 month lease are .00195 and 55%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi marzsh1. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36-month lease of a 2011 ML350 4Matic with 15,000 miles per year are .00032 and 46%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2011 ML350 Bluetec are .00112 and 51%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,

    Sorry to bother you again. What are the residual values and money factors for the same leases as above for the Bluetec model? 36 and 48 months, 15K miles.
  • drumsdrums Posts: 17
    we are looking for to do a business lease for ml350. could anybody give any advice and best incentives out there? i have heard about 30 mo, 36, mostly with 15K per year. we want to put zero down and do a maintenance plan.

    any advice would really be appreicated. what are the best dealers in the northern pa, nj and ny area.

    thank
  • It's no bother at all rerodgers. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36 month lease of a 2011 ML350 Bluetec with 15,000 miles per year are .00112 and 51%, respectively for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 48 month lease are .00112 and 45%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man,

    I was looking for the MF's and residuals for a 2012 ML350 Bluetec not a 2011 for 15K leae for 36 and 48 month lease.

    Also, will MBUSA do an 18K mile lease? if so, what are those residual values? What is the cost to purchase additional miles upfront?

    Thanks
  • Car_Man, now that it's Oct., can you give me the residuals and MF for the V6 and Bluetec for a 36, 39, and 48 months lease?

    Thanks much!

    Rob
  • danc4danc4 Posts: 1
    Car_Man,

    Can you please provide the October money factor and residual value for the MY12 ML350W4 for 36 months and 10k miles? Also for 30 months and 10k. Is there any Value-Added Program for October for MY12 ML350W4?

    Thanks,
    Dan
  • kball2kball2 Posts: 38
    Does anyone know whether conquest cash will be available on a 2012 M-Class yet this year?

    Also - I would assume lease deals on this vehicle will improve in December during the Holiday promotion.

    Any thoughts?

    I am currently in a BMW 328i and am considering the switch to Mercedes.
  • kball2kball2 Posts: 38
    What are the lease rates for a 2012 M-Class for 36 months & 10k mile and 24 months & 10k miles?

    Thanks
  • temiztemiz Posts: 11
    Hi Car Man,

    * Can you give us the residuals and money factor MF for the V6 and Bluetec for a 30,33 and 36 months lease(top tier credit score)?

    * Is bluetec a better car than 3.5 ?
    * Also I went to the dealer last weekend and 2012 ML 3.5 with premium package 1 silver mbtext 36 months (about 54000 msrp)
    I got 8000 down(including everything) 36 months 600(inc tax)
    5000 down(including everything) 36 months 700(inc tax)

    I feel like it is expensive. It is more than mb web site estimation. What do you think?

    And do you think that I may have a better deal if I wait for the end of the year ?

    Thanks!
  • They were offering me conquest cash on the '12 ML350 Bluetec we were interested in.
  • Ok, here's what I have. Please tell me if it's a good deal.

    '12 ML350 BT
    Prem 1 pkg
    running boards
    Keyless go
    wood/leather steering wheel
    Lane tracking

    MSRP $57725
    Sale Price $53895
    42 Months
    15k mi / year
    $1500 down + taxes ($1884) + 1st months payment due at delivery ($4105)
    3 year maintenance included
    $731/mo

    I don't know what the MF or RV are. I think the RV is 57% but another dealer I was dealing with refused to give me the MF stating that he didn't know it. This is the deal I am about to jump on. So far it's the cheapest I can find. Thoughts?
  • Hey kball2. I believe that there's $4,000 conquest cash on the 2012 M-Class right now.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.