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2013 and earlier-Mercedes-Benz SLK Lease Questions

kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,869
edited January 30 in Mercedes-Benz
Ask your Mercedes SLK lease questions here!

Moderator - Prices Paid, Lease Questions, SUVs

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Comments

  • slk280slk280 Posts: 2
    I am in southern California and want to lease this vehicle for a term of 36-42 months [whatever will get me the best payment] at 12,000 miles per year. My questions are: (1) what should I expect to actually pay [cap cost]; (2) what kind of residual percentage is appropriate for this car [I hear it has the highest residual for its market segment]; and (3) what kind of money factor can I expect for a deal completed by march 31st?

    While this may be off-topic I was hoping for some additional input. My trade is a 2003 Acura TL Type-S in pristine condition with only 27,500 miles, brand new Michelin speed-rated tires with a little under $20,000 owed. My research shows that I shouldn't have any trouble getting out of the vehicle with out rolling anything into the lease and may be able to actually get $500 towards the SLK. Any thoughts to the contrary?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello slk280. I am not personally all that familiar with what the market is like for this particular model right now. I can tell you though that the roadster segment is not exactly hot right now. Most consumers are able to get pretty good deals on them. For more specific info on this model, try stopping by the following discussion: "Mercedes-Benz SLK: Prices Paid & Buying Experiences".

    As far as its lease program goes, if you were to lease a 2006 Mercedes-Benz SLK280 through Mercedes-Benz Credit right now for 39 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00240 and 61%, respectively.

    Car_man
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  • lopzlopz Posts: 22
    How does one arrive at lease monthly payments from the money factor and the residual value? Thank you.
  • trini47trini47 Posts: 1
    I bought a 2005 Mercedes SLK 55 AMG from Bill Ussery Motors in Coral Gables and took my car into the dealer when i noticed the two rear tires had unusual inside ware. My car has 7000 miles on it and i did not think a one year old car with such low miles would be needing tires so soon. Well to my suprise the dealer Said this is a "LOW PROFILE'' Car and they said this is what I should expect, and would not replace the tires. I am taking further action but was wondering if any one out there has had this same problem!!!!!
  • jprocjproc Posts: 133
    If I get 15k miles out of my tires I consider myself lucky.
    I've got a 99 230 which I've had over 4 years and about 35k miles and I am on my 3rd set
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi lopz. Edmunds.com has a great article that describes exactly how to calculate lease payments on vehicles. Click on the following link to check it out: Calculate Your Own Lease Payment.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey trini47. You may have better luck getting a response to your post in one of the following discussions: "Mercedes-Benz SLK" or "Mercedes-Benz SL and SLK (all models)".

    Car_man
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  • firstmbfirstmb Posts: 2
    First watch your trade in value. By trading in, you can loose easly $2,000 - $5,0000. A dealer can only give you trade in value. They can make it look good on paper, but they do this all day long. Even I learn a new trick each time I look at buying a new car. If they show you more above value than trade in on paper that means you didn't do very well on the buying price. I usually save at least $5,000 on a new car but they always size up the buyer on their knowledge. NEVER EVER talk payment to a dealer. when they ask what you want your payment to be, then your not talking about the total cost. The only good thing about a lease is the users tax depending on your state. Instead of paying all your sales Tax after you purchase a car, you only pay a users tax with ever monthly payment. If you total the car after 30 days then you have only lost one month of users tax not the total cost of the car.

    Just keep in mind when a dealer says that they are not making any money on this deal that they are willing to give you, they would not be in business if they were not making any money. Remember, Leases are call "Fleases</".

    Sell you call out right. The dealer wants you car so bad that they can avoid delivery cost and lot fee for Taxes. Hope some of this helps.
  • I am trying to get the best deals for leasing an SLK350 2006/2007 ... preferably 27 months .... can anyone help?
  • sjl2sjl2 Posts: 10
    Can you please post October lease rates for 2006 MB SLK 280/350 for 24/27 and 36/39 months? Thanks.
  • Lease Rates & Residuals &#150; Effective 10/6/06

    Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms for Mercedes

    2006 SLK Class 2dr Convertible SLK280 / Compare Instant Lease Quotes

    24 mo/15k mi &#150; Residual Value 61% of MSRP &#150; .00405 Base Money Factor Rate
    36 mo/15k mi &#150; Residual Value 55% of MSRP &#150; .00370 Base Money Factor Rate
    48 mo/15k mi &#150; Residual Value 48% of MSRP &#150; .00370 Base Money Factor Rate
    60 mo/15k mi &#150; Residual Value 42% of MSRP &#150; .00370 Base Money Factor Rate

    2006 SLK Class 2dr Convertible SLK350 / Compare Instant Lease Quotes

    24 mo/15k mi &#150; Residual Value 62% of MSRP &#150; .00405 Base Money Factor Rate
    36 mo/15k mi &#150; Residual Value 56% of MSRP &#150; .00370 Base Money Factor Rate
    48 mo/15k mi &#150; Residual Value 50% of MSRP &#150; .00370 Base Money Factor Rate
    60 mo/15k mi &#150; Residual Value 42% of MSRP &#150; .00370 Base Money Factor Rate

    2006 SLK Class 2dr Convertible SLK55 / Compare Instant Lease Quotes

    24 mo/15k mi &#150; Residual Value 61% of MSRP &#150; .00405 Base Money Factor Rate
    36 mo/15k mi &#150; Residual Value 54% of MSRP &#150; .00370 Base Money Factor Rate
    48 mo/15k mi &#150; Residual Value 47% of MSRP &#150; .00370 Base Money Factor Rate
    60 mo/15k mi &#150; Residual Value 40% of MSRP &#150; .00370 Base Money Factor Rate
  • Dear Car Man..... Ha ha....

    You helped me a month ago to buy an Infiniti G35. Thank you very much! I now need your help again. I need to buy a Mercedes SLK350 with a premium package II, Run Flats and an ipod int. kit. The MSRP including options looks like 53,900. I have not negotiated the price yet. Can you give me an idea of what a good deal looks like on a 39 month lease with drive offs? I owe you! Thanks again. Your services are very much appreciated! :)
  • Hi CarMan

    Sorry I can't find sl550 lease question forum. So I posted here. Edmunds posted an attractive financing incentive at 4.9%/4 years for the sl550. I was wondering if you can post the Feb lease rates for sl550.
    Thanks for doing this service. This help tremendously.
  • I saw this on Edmunds site, but not at mbusa.com. Does anyone have lease rate / residual info on this?

    Leasing
    There may be other leases available. Contact a local dealer for more information.
    Start: 03/01/2007 End: 04/02/2007
    $499 Monthly Payment Calculate Other Monthly Payments
    27 Month Term
    $2750 Down Payment
    NA Security Deposit
    10000 Annual Mileage
    Restrictions Lease is based on the 2007 SLK280 equipped with optional Premium 1 package. Dealer may contribute $1,507.88 towards the $499 monthly special lease.
    Comments $4,044 is due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement. Tax, tags and insurance are extra.
  • newcar45newcar45 Posts: 14
    If you go to the dealership, the salesman will present this to you. From what was listed, the money factor was .001 and the residual was 66%.

    Pretty good right?

    Unfortunately, the MSRP of the model listed is pretty rare (non-metallic paint, not an automatic, etc.), and 10k/year will probably be lacking for many people.

    I'm curious, should the money factor change if you don't make a down payment or if you increase the annual mileage from 10k to 12k?

    And, what should a good monthly price be for a 27 month lease with 12k/year for an SLK280, automatic, metallic paint, Premium 1 and a CD changer (MSRP $49,505?)?
  • outieoutie Posts: 40
    Does anyone have the latest MF and residuals for the 07 models? SLK55 in particular. Thanks.
  • lbh2315lbh2315 Posts: 6
    Here is the proposed deal, Carman - any advice?

    2007 Mercedes-Benz SLK280
    Metallic Obsidian Black
    7G Auto trans
    Premium Pack I
    CD changer
    AIRSCARF, heated seats

    MSRP = $49,915
    Purchase Price = $46,000
    Decap = $1,000
    Money factor = .00150
    36 months
    57% residual
    Monthly of $596/mo (incl. tax)

    Thoughts? I am also looking at the Audi TT and the Porsche Boxster. This deal seems to beat them hands down.
  • pellynhpellynh Posts: 12
    I just saw that MBUSA.com is showing a new "Summer Love" sales campaign. Unfortunately, no actual numbers are provided so although the SLK is listed as a car in the sales event...I have no clue how good it truly is...

    Does anyone know the Residual and MF for this month??? (36mo/48mo and 15k)

    Thanks in advance! :)
  • pellynhpellynh Posts: 12
    I just spoke with my local dealership and he confirmed that new rates will be coming on July 15th as the current rates are "horrible". On top of this, there's $3k mfg to dealer cash right now on the SLK 280....Hopefully, I can walk away with a great deal in a week or so...
  • rzeeerzeee Posts: 2
    Can anyone give me the scoop on how much I will pay for a 24 mo or a 36 mo lease - HEAR their is a $3000 dealer cash incentive and great rates? Can someone post some nubers for 10 to 15K/year at 24 mo or 36 mo? TOTALs?
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