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

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Comments

  • mlevinemlevine Posts: 203
    The ML 350 4matics are hard to find. I had to order one in October. My dealer had 3 4matics with the rest 2wd. A couple parked next to my vehicle was obtaining a lunar blue 4matic and myself the palladium silver 4matic. I believe the dealer had a black one left that was spoke for. My opinion is they should just make 4matics like they did in 2012. Based on the above supply and demand issues, a good discount is whatever the dealer wants to do.
  • Hi!

    Trying to actually buy my wife's Christmas present before the 24th! I am looking at at 2013 ML 550 MSRP about 70K. Was wondering what sort of discount I should be looking for with this vehicle and if I decide to lease what money factor ( it seems around .0016 ) and residuals ( seems low 50s ) are common. I would be looking at a 12-15K 36 month lease ....

    Thanks!!
  • I am $4500 off MSRP on a well equipped $58,500 car. I am quoted
    36-month 10,000 mile per year lease is $785 tax included with $1,992.84 total due at signing

    Not in a hurry to jump on it since the 2008 GL450 is only 35k miles old
  • Dealer in chicago offered 11.5% off MSRP. Is that good enough or should I keep working them. Anyone know the MF and residual for ML 350 4matic for 24-36 months 15k miles per year?
  • mlevinemlevine Posts: 203
    Money factor should be .00160 and I suspect residual is 2% lower than 12,000 miles a year. 24 month would then be 64% and 30 month 60%. The best deals I believe are the 24 or 30 month.
  • Car Man: Could you please provide MF and residual % for a 2013 ML BlueTec based on 36 months, 15k miles per year? Thank you!
  • the rate is .00160 and the residual is 60% for a 36 month lease, 15k miles
  • Can you please post the residual on the ML 350 4Matic for 15k miles and 24/30/36 months?
  • lionking143lionking143 Posts: 1
    edited December 2012
    Hello - I have an offer from a dealer for the following. Could you please let me know if this is a good deal?

    I am trading in a 2012 Highlander on which I have an equity of about 6750$

    The dealer is giving me back a 3K check and using the remaining amount on the lease down payment! (The equity of remaining 3750$ is not shown on any computations in the quote) and the 3K check is being offered by upping the payoff amount on my car.

    2013 ML350W4 (Black, MB-Tex, P01, Running boards, Keyless Go) - 53K (negotiated price)
    Lease terms: 36 months, 735.93, residual 54%, 10K miles.

    Please advise if I should take this deal or not. Thx much!

    -Sandy
  • It really depends on the MSRP of the car.
    I have a quote from Mercedes Benz of chicago on a 2013 ML 4matic with an MSRP of 60380 for a selling price of 53400 (11.5% off MSRP)
    Money factor is .0016
    Mercedes acquisition fee of 795
    Doc fee 140
    Residual is dependent on lease terms (months and mileage)
    You just have to plug in the numbers to a lease calculator and figure out the tax rate in your state.
    If I was leasing the car at Mercedes of chicago for 36 months with 3750 down payment, the monthly payment would be 628 plus tax.
    Hope that helps.
  • Carman,
    can you give me the residual and money factor for January ? I am interested in a ML350 bluetech with 12,000 miles per year and a 24 month lease term.

    thanks
  • I'm looking to lease a 2013 ML350 (white, grey MBtex, P1, running board, keyless) for my Dad. The MSRP is $55,355 and the dealer quote is $53,978 (2.5% discount). We are trading-in Dad's car for $10k plus a check back of $7k. The residual is 57% based on a 36 month lease and 10k/year. The acquisition fee is $1095. The Money Factor is .0026.

    Is the discount to MSRP a good price?
    Is 57% residual the market rate?
    Is $1095 acquisition fee a market rate?
    Is .0026 Money Factor high, I have seen .0016 quoted in this message board?
  • mlevinemlevine Posts: 203
    The acquisition fee is an extra $300. Make sure January money factor is .0016 which was Decembers rate, .0026 appears to be high. Looks like you are putting down $3,000 which should include acquisition fee, motor vehicle fees, extra profit fees(doc fees or dealer fees) and first month. Residual usually not marked up. Would wait to see if any incentives are available this month. Last month winter certificate of $1500 was available. Based on my thoughts this is not a good deal. I am open to others opinions.
  • mltdwnmltdwn Posts: 3
    Hello all. I've been a frequent user of Edmunds.com for many years, but came upon this forum the other day trying to figure out the advisability of leasing. I had always purchased my cars until i entered into my first lease in 2010, a Mercedes ML450h. I have a 15,000 mile/yr allowance but in 3 years will just hit 30,000 miles. That lease is up next month and I'm trying to decide what to do. Because it was MB's first real hybrid, the deal was lease only. They would not sell you the car up front or at the end of the lease. They are taking them back to Germany to examine and test. I do have one option to extend the lease for 6 months. My monthly payment is $472/mo since I traded in a Camry hybrid I owned and effectively put money down on the lease (not sure if that was a good idea or not, but that's what I did). I might end up just taking the extension and postponing a longer term decision but I'll still have that coming. I'm getting closer to retirement and wouldn't mind driving another ML for a few more years without spending a ton of money buying a new ML. Then I'd have some flexibility to buy something more economical if and when I ride off into the sunset. SO - my dealer has made me the following offer which I have no clue if it's decent. 2013 ML 350 4Matic, P01 pkg., Harmon/Kardon, keyless go, lane tracking and some other odds and ends, Total MSRP with $905 dest and delivery - $58,550. He offered to sell it for $55,200 plus tax, license, etc. As for the lease, I have 30-48 month options, but am looking at 30 or 36. With a 10,000 mile/yr allowance and with money down, the offer is as follows: at 30 months with $12,000 down $610/mo and with $15,000 down $500/mo. For 36 months with $12,000 down $630/mo and with $15,000 down $540/mo. I've read it's not a good idea to put a lot of money down on a lease since if the car is really damaged, insurance covers only your future lease payment, but putting that aside, do these lease offers make sound reasonable? I don't know, but with the cash down, it seems like I would be paying more than 60% of the MSRP over the life of the lease, and interest rates and money factor aside, it seems like a really good deal for the dealer and not me. I'd really appreciate anyone's thoughts. Thanks much.
  • mlevinemlevine Posts: 203
    Too much money down and monthly is also too high with both $12,000 or $15,000 up front. Do not fiate at a certain monthly payment, but rather put the least amount of money down. That being said find out your invoice for this vehicle and use this as a starting point. Check this forum for January leasing information and for incentives available. Calculate your own numbers once you can get your final cap cost.
  • mltdwnmltdwn Posts: 3
    I got addiitonal information and wonder what anyone thinks: quote for a 2013 ML350 4Matic with a .00192 money factor; 63% residual for 30 months, 57% residual for 36 months; MSRP $58,550 with $3,350 discount for selling price of $55,200. I think the residuals are probably ok, but what about the money factor and the discount?

    thanks
  • i am also looking into leasing an ML. can you please email me the name of dealer.
  • mltdwnmltdwn Posts: 3
    Autohaus on Edens, Northfield IL or Mercedes Benz of Chicago. Both were at .0016 MF and 15,000 mi./yr.
  • dinomandinoman Posts: 56
    MF is .0016. The discount you are getting is not good enough. I was offered 11.5% off MSRP in December. Also, do not allow the dealer to mark up the acquisition fee. It should be 795. They tried to mark it up to 1095.
    Residuals are set by mercedes benz. Good luck.
  • SO here is the latest. ML350W4 with PO1, keyless go, lane tracking, etc.
    MSRP is $56,885 (includes $905 for destination and delivery).
    Lease is 36 months, 10k miles/year, residual is 57%, $10,000 trade-in.
    Money Factor is .0016 (down from .0026)
    Acquisition Cost is $795 (down from $1095).
    The Gross Cap Cost is $56,296.

    That is not much of a discount from MSRP.
    What discount from MSRP is market?

    They want first and last month lease payment at closing. Is that typical?

    Are there any dealer incentives that i should be aware of?

    Thanks.
This discussion has been closed.