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

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  • Wow cool name, car_lease. It's almost the same as mine :shades: . Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 36-month lease of a 2013 CLS63 with 10,000 miles per year are .00160 and 58% for consumers who qualify for its top credit tier.

    I'm not sure if the CLS63 is eligible for Mercedes' 39-month "Value Added" lease program. I suspect that it is not, but I don't know for certain.

    This is a fairly low volume vehicle that's a little out of my price range, so I'm really not all that familiar with what the market is like for it right now. I can tell you that it should be eligible for the $2,000 Winter Event Certificates that are out there right now if you can convince a dealer to use one on your deal.

    Car_man
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  • Happy Holidays brando73. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 30-month lease of a 2013 CLS 550 with 15,000 miles per year are .00160 and 59% for consumers who qualify for its top credit tier.

    Car_man
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  • Let's crunch some numbers, lifescan, and see what we come up with.

    According to my calculations, if you were to lease a 2013 CLS 550 that has an MSRP of $79,655 and a selling price of $77,100 through Mercedes-Benz Financial right now for 36-months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $1,056.

    I worked up a zero down lease on this car for you because it is in your best interest not to make any sort of capitalized cost reduction when leasing. Consumers who make down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. While your monthly payment will be slightly higher, it's much safer to go with a zero down lease.

    If you really wanted to make a $3,500 capitalized cost reduction, it would lower the above payment to around $953.

    Car_man
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  • Thank you car man. :) Happy holidays to you!

    I did get a decent deal on a fully loaded c63 with
    performance package etc with a 6.8k reduction in cap cost. I was considering
    it seriously, along with an M3. However an Audi A7 worked out better since
    I was replacing an Audi lease and it had 4 payments left. Audi took the
    other lease early, making the A7 a more economical choice.
  • Hi car_man,

    What are the lease rates -MF and residuals for a CLS550 4matic my2013 for someone with top-tier credit?

    Also, how early. In the month does MBUSA publish their lease rates? The dealers I have been talking to are not able to find a car with the options I am looking for in the nationwide inventory. I'm being told that if I want specific options(specific color, black leather seats, premium pkg, parktronic optional, burl walnut trim, std 18" wheels), i am better off building to order. However, the wild card there is that i am asked to make a security deposit, and that the lease rate can be locked only when MB assigns a VIN to the new car. ...and that the process can take 45days+. I'm OK with waiting,but should I be really putting down a deposit for the car ?

    fYI, The other option which I have ruled out, is to buy from an out of town dealer ( or internet sellers that claim fleet-based rates), but I am asked to bear transport costs. That doesnt appeal to me because of th fear of any damage to the car when in transit
  • I have been bouncing between the 7 series and A8, but came across an awesome CLS at a great deal. Unfortunately, the dealer tried to sell me a money factor that sounded way too high. I've read here that the MF has been .0016, but their MF was .0026...

    Is this a common practice? Are they obligated to come down to the MB financial set rate (assuming it is still .0016...Car Man do you know what the current MF and residual are?) Their residual was 58% which sounds right.
  • doctorg24,

    Based on what I have read in these forums and elsewhere, the dealer actually has some leeway over the MF established by the car company(MB, in this case). So, they could even go lower than 0.0016 to some extent, at their discretion. However, they may not admit to this right away.
  • Thanks for the info...I highly doubt these guys will go below .0016...

    Any thoughts CarMan?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited January 2013
    You're very welcome car_lease!

    Sweet car. That's quite a stocking stuffer. You certainly had a happy holiday yourself :) .

    Enjoy your new ride :shades: !

    Car_man
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  • Here you go seattletwins. Mercedes-Benz Financial's January buy rate lease money factor and residual value for a 36-month lease of a 2013 CLS550 4Matic with 15,000 miles per year are .00160 and 55% for consumers who qualify for its top credit tier.

    Mercedes' current lease program is currently scheduled to run through 1/31/13.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited January 2013
    Hi doctorg24. The last time I saw it, Mercedes-Benz Financial's January standard buy rate lease money factor for consumers who qualify for its top credit tier was .00160. If your credit is in good shape, what you suspected is likely correct...the dealer is marking up your car's money factor to add additional, hidden back-end profit to your deal. Dealers are indeed allowed to mark up money factors. and this sort of thing is actually fairly common at luxury dealers. Savvy consumers who are in an area that has a decent level of competition are often able to avoid the mark up by negotiating further with the dealer that they are working with or by shopping around.

    Car_man
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  • While some vehicles do have lease support available on them, enabling dealers to offer lower money factors than .00160, the CLS does not. I think that the money factor for MB Finance's "FCA" credit tier might be slightly lower than .00160, but that's only for consumers who have exceptional credit.

    Car_man
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  • Hi Car_man,

    What would you consider a good lease on a CLS 550 4Matic 2013 with a dealer price (6% off MSRP) of $77450? I'm considering a 36 month 12K lease, and have excellent credit rating (720+)

    Thanks in advance
    seattletwins
  • car_man,

    Just to add, based on one of your previous posts, I would prefer a zero cap reduction which I will have to negotiate with the dealer.

    Looking forward to your answers!
  • Hi seattletwins. According to my calculations, if you were to lease a 2013 Mercedes-Benz CLS 550 4Matic that has an MSRP of $82,394 and a selling price of $77,450 through Mercedes-Benz Financial right now for 36-months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $1,046 for consumers who qualify for its top credit tier.

    Car_man
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  • That's what I usually work up for consumers, seattletwins. You're definitely smart not to want to make any cap cost reduction.

    Good luck in your negotiations.

    Car_man
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  • Car_Man:

    Tring to buy a new 2013 CLS550 4 dr Coupe. Offer is $74,513.00 (MSRP is $82,795.00), 7.5 k miles/year, $5,000 down, 36 months, payment is $966.56 plus tax.
    Residual is $49,261.

    They have indicated they wont budge on the money factor and allowed me to walk out of the showroom. What is your opinion?

    Thanks!!
  • That's way too much. You should review Car_man's example few posts above and how to calculate lease on edmunds.com article and come up with much lower payment than that.

    CLS is having a huge markdowns right now. I was able to get a great deal on it just yesterday.

    *to Car_man.
    What are the fees that I should consider when buying this (or any other car) in state of CA ? I want to check if I pushed the manager too hard on the deal. :)

    Thanks
  • Hi busmgr37. As larciel mentioned in the previous post, the payment that you were quoted definitely looks a little high. Using Mercedes-Benz Finance's current buy rate lease money factor and residual value for this car (.00160 and 59% for top credit tier), I come up with a zero down, pre-tax monthly payment of around $911 per month. With a $5,000 capitalized cost reduction, this payment would drop to $764. Let's say that $2,000 of that $5,000 wasn't a cap cost reduction, but was due at signing for other things like the first payment, acquisition fee and other items, this car's monthly payment would still only be $823.

    I don't have a problem with your selling price, but the dealer is definitely marking up your money factor. If you have the time to shop around, see if you can find a dealer that will use the buy rate to calculate your payment.

    Car_man
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  • Hi larciel. At lease signing you would have to pay your car's first month's payment and MB Finance's $795 acquisition fee. On top of that, you would be required to pay any state fees, such as tax, title and license. I don't know specifically how that breaks down for California.

    Car_man
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  • Please give me your opinion of a competitive lease for 3 years with 10 or 12K miles. The dealer has quoted an MSRP of 82.7K selling at 74.7K. The money factor is .00220 and the residual is 58% or 48K. My corporation will be the lessee; have never leased before and I don't know what I don't know. The quote includes a "cash cap reduction" of $3205. also provides for "capped fees of $1694 and other charges including taxes of $2480.

    Your thoughts please. Thank you for you help.

    KLK
  • isrp4l1isrp4l1 Posts: 1
    Hi. New to this. I'm looking to lease a 2013 cls63. Trying to figure out how much I should be spending. Also trying to figure out what it would take to custom order one with the designo interior. Thank You
  • mystic6mystic6 Posts: 3
    Previously you stated that Mercedes-Benz Finance's buy rate lease money factor and residual value for the CLS was .00160 and 59% for top credit tier. Can you update us on these figures for March for a 36 month 10k/12k mile lease? Do you know what the mark downs are for the Houston, Texas area?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome isrp4l1. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 CLS63 with 15,000 miles per year are .00205 and 55% for consumers who qualify for its top credit tier. This car's money factor is not very attractive because Mercedes is not providing any lease support on this model at this time.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure mystic6. Yes, MB Finance's March buy rate for the 2013 CLS550 and CLS550 4Matic is still .00160 for consumers who qualify for its top credit tier.

    The residual value for a 36-month lease of a 2013 CLS550 with 12,000 miles per year is 57%. It's 1% higher for leases with 10,000 miles per year.

    I don't know specifically what the market is like for this car in your area, but I can tell you that Mercedes has $3,000 "Spring Event" certificates out there on it. Try to get the dealer to use one on your deal.

    Car_man
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  • aceusmleaceusmle Posts: 12
    Hello Car_Man,

    Can you please provide me with the residual value and money factor for a 2013 CLS550 and 15,000 annual miles? It would be great if you can also let me know the current incentives and hold backs for this car... Thank you.
  • mjr8mjr8 Posts: 1
    edited March 2013
    car man....can you tell me what the residual and MF is on a 24 month lease for a 2013 CLS550 4Matic with 10k, 12k and 15k miles? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go aceusmle. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 CLS550 with 15,000 miles per year are .00160 and 55% for consumers who qualify for its top credit tiers.

    When negotiating your deal on this car, try to get the dealer to use one of the $3,000 Spring Event certificates that are out there on it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mjr8. The numbers for the 4Matic version of this car would be exactly the same as the numbers that I mentioned in my previous post.

    For a lease with 12,000 miles per year, add 2% to the residual values. For 10,000 miles per year, add 3%.

    Car_man
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  • shpatel1shpatel1 Posts: 3
    Hi CarMan, I'm in California and was wondering what the money factor and residual is on 12k and 36 months. Also any incentives on this particular model? I'm having trouble getting an idea of how far they will be willing to move on the price. Thanks!
This discussion has been closed.