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

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Comments

  • 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: 38,518
    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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    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: 38,518
    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: 38,518
    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: 38,518
    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: 38,518
    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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This discussion has been closed.