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2013 and earlier-Mercedes-Benz SLK Lease Questions

24

Comments

  • rzeeerzeee Posts: 2
    Hi- would you mind giving me the scoop on how much I should be paying if I lease in the next 10 days? Looking for some numbers. THANKS
    Rick
  • Does anyone know if Mercedes has decent leases for used SL's? I am considering leasing a used SL instead of a new one. I don't put many miles on a car and thought leasing a used one might be cheaper on the payments. Does anyone have any input on leasing used? I have always leased new cars.

    Thanks
  • fx4a4fx4a4 Posts: 2
    Hi Car_man,
    Can you please provide me with the residuals and money factors for a 350 SLK with amg sport package. looking at 33 month term with 10k per year. What type of dicount off of msrp can i expect?
    Thanks.
  • I have a 2004 SL500 with the lease coming due in mid May. Residual is just over $49,000. I love the car and have had virtually NO problems with it. The car has 39,000 miles on it and will be about 7,000 under the amount allowed by the lease (12,000 a year) at lease end. These vehicles are going for around $40,000 at the auction and only a car that has been completely reconditioned is worth close to what my lease end buyout would be. I know this car and have done the maintenance on it, however with 40,000 miles, I will need to replace tires again, do the brake pads and a B service if I keep the car. I have been told that I may be able to negotiate a better buyout from MercedesBenz financial. What should I offer? I would not mind keeping the car, but not at the automatic buyout. I am considering offering $40,000. Is that even realistic? Thanks in advance for any help and guidance.
    RKing
  • gforce11gforce11 Posts: 225
    Rking, I would pitch the 40k buyout to MB Financial. They are usually willing to negotiate, specially since models similar to yours are no where near your buyout price. Residuals are generally projections and estimates of what your car might be worth at lease end so I would never pay that price. I know my sister was able to renegotiate her Volvo S40 (I know, not the same car but same idea) at lease end and was able to shave $3000 dollars off the buyout price. You got nothing to lose.
  • erichayeserichayes Posts: 1
    Can someone post the 2009 slk lease rates?
    I have a 2009 slk 350 on order. it should be coming in within the next month.
    I feel a little exposed that i do not know the current residual and money factor offered.
    The dealer said they could not tell me until it comes in.
  • I'm looking for a short term lease on the slk 2012. What are some quotes that's out there?
    10k mi 24 or 27mo lease.
  • Hello sparkangelo. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 24-month lease of a 2012 SLK350 with 10,000 miles per year are .00154 and 68%, respectively for consumers who qualify for its top credit tier.

    Use these numbers and negotiate as low a selling price as possible.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Carman,

    Are current Mercedes SLK new car leases for the longer terms available?

    The Mercedes dealer in Fort Meyers has offered 8.5% off MSRP for a 2012 SLK. Is that a decent deal? I am considering the lease vs 72 month financing VS a finance with Balloon payment. The salesman discourages balloon but my thinking is that he does better with a lease.

    Our plan is to buy the car new and keep it for many years. I know a purchase is the best financially, but I'd like to keep the payment low. I have Tier 1 credit and stable income so am not worried about refinancing in 3-6 years unless of course rates go crazy high. IF that happens I Can always sell since I will probably put $10K down so should have equity.

    I can get less than 4% on a 72 month financing from Cap One.
  • Hi georged4. One can lease a Mercedes-Benz vehicle for up to 60 months through its captive finance company, but its lease support is only available for up to 48-months.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Don't understand lease support.

    Dealer has amounts that are higher than lease of finance at the MB web site. Any idea why?
  • Lease support means that the manufacturer is providing a special, low money factor on a vehicle to make the payment more attractive than it ordinarily be. It usually doesn't make sense to lease for longer than the lease support is available for because if you do the money factor (which is used to calculate the interest portion of your lease payment) will increase, sometimes significantly.

    On a comparably equipped vehicle the payments that are available at dealers shouldn't be any higher than Mercedes' official advertised payments. Of course, sales tax is added in at the dealer, but is not included in the advertised payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks. I think it was the same deal at the web site:
    Money Factor = .0018 = APR 4.32%
    MSRP = $65635
    Sell Price - $59071.5 With Maintenance & Key Care
    Lease Payment = $649.27
    33 Months

    Cap Reduction $3460.74

    Total Out of pocket $5350

    Mars Red with Bengal Red Interior (Claimed 1 of 2 in USA)
    Premium Pkg 1
    Magic Sky Roof (expensive but awesome)
    Sport Package
    Lighting Package
    Service 30,000 Miles
    Burl Walnut Trim Package
    18" Twin 5 Spoke Wheels
    Multimedia Package
    Rear Spoiler

    I don't think I missed anything but MB.COM MSRP = $67,194
  • cadreamncadreamn Posts: 56
    Anyone know the current residual, money factors, etc. on the new SLK250 4 cylinder? Looking for very low mileage option as it would be a summer car, e.g. 7500 mi/year? Also has anyone seen one with a manual tranny yet?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cadreamn. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2012 SLK250 with 7,500 miles per year are .00225 and 59%, respectively for consumers who qualify for its Tier 1 credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • georged4georged4 Posts: 34
    Last month (end of feb) I got a little better lease deal for 33 Months w/ 12,000 / year on a 350 besides 10% off sticker. The residual was much higher than leasecompare.com estimated

    PS: The 350 is way powerful enough. Almost wish I waited for the 250 and saved @ $14000 but there was no color combo yet built that we wanted (Mars Red with Bengal Red leather interior). It turns a lot of heads and gets a lot of compliments.
  • georged4georged4 Posts: 34
    Well, first of all I LOVE THIS CAR. Many compliments especially woth the Lars Red with Bengal Red Leather.

    The residual was so high I doubt it will be worth buying out in 3 years ..... so

    If I go to lease another will the salesman-dealer (or another dealer) have access to the price and lease payment etc? It was through Mercedes Financial. I'm thinking at least the same dealer would have access since he wrote the financing. If so does this help or hurt me in any way?
  • Hey Car_Man,

    Im in southern california and looking to lease a 2012 slk 250. I want 10k miles/3 yrs lease.

    (1) Can you please tell me the residual and money factor?

    (2) For the lease support, does the money factor go below the base money factor set by benz financial? Can that money factor be reduced further with multiple security deposit and auto pay?

    TIA
  • georged4georged4 Posts: 34
    Car man has great advice but check leasecompare.com -- for me it was well worth paying for their software. In the end I got a better deal on residual and money factor than they said by what was on the mb web site and negotiating at the end of the month got a better deal than that.

    http://www.mbusa.com/mercedes/special_offers/current

    OF course now I have a high residual to deal with in 33 months if I want to keep the car, so that encourages me to get another.

    Good luck and enjoy the car ... the 350 is awesome.
  • Thanks for the link.

    For the special on the website, what was the residuals and money factor for the 33 month lease?
This discussion has been closed.