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

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  • mlevinemlevine Posts: 203
    Does anyone know of any loyalty cash or dealer cash/certificates/rebates to move the ML350 2012 gas version. Also would like to know if improved residual(>66%) is now available on 24 month and 12,000 miles a year.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited August 2012
    Hi mlevine. Mercedes is not currently providing any loyalty or conquest cash on the 2012 ML350. It does have $1,000 CAP certificates on it though. The M was redesigned fairly recently so Mercedes hasn't had to provide much cash support on it lately.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi 123ml. this particular discussion is for community members to talk about the ML. Please post any questions or comments that you have on the GL over in the GL Lease Questions discussion. Thanks.

    Since you're here, Mercedes-Benz Financial's August buy rate lease money factor and residual value for a 24-month lease of a 2012 GL 550 with 15,000 miles per year are .00140 and 63%.

    The numbers for an otherwise identical 36-month lease are .00140 and 52%.

    If you were to lease with only 12,000 miles per year, this truck's residual values would be 2% higher.

    Car_man
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  • tjbrunotjbruno Posts: 2
    Car Man -

    Is there an official set of MFs and Residuals for 2013 ML350s?

    I'm expecting mine at the end of August/early September.

    I am looking for the numbers for 10,000, 12,000 and 15,000 miles.

    Thanks!
  • mlevinemlevine Posts: 203
    Car Man,

    I need help on a ML350 bluetec. I see posted above the 24 month and 12,000 mile a year numbers are 72% residual and money factor of .00165. Dealer finance person states there is no such money factor that low. She is using the standard money factor of .0024. If it is indeed .00165 please send me to a link in order that I may send this to the dealer. Thanks very much for your help.
  • mlevinemlevine Posts: 203
    I need to confirm the money factor of .00165 as I was working on a deal for ML 350 bluetec and was told by finance person only standard rate applies of .0021. The next day manager called when I passed on the deal and all of a sudden the money factor was .0018. Typical money factor mark up some dealers try to do. I am now looking at 2013 ML350's but would like to just prove a point.
  • Hi tjbruno. Mercedes-Benz is not currently providing any lease support on the 2012 ML. As a result, if you were to lease one through Mercedes-Benz Financial right now, you would have to use its standard lease money factors.

    Through September 4th, MB Finance's residual value for a 36-month lease of a 2013 ML 350 4Matic with 15,000 miles per year would be 55%. The residual value for a lease with only 12,000 miles per year would be 2% higher. The 10,000 mile per year residual value would be 3% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited September 2012
    What you were told is correct, mlevine. Mercedes-Benz is not currently providing lease support on diesel MLs right now. As a result, if you were to lease one through Mercedes-Benz Financial at this time you would have to use its standard lease program. The .00240 that you were quoted for the standard sounds slightly high, I think that .00200 or slightly lower is about right for top tier customers.

    Car_man
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  • Thanks Car_Man!

    How can you find out what the MB "Standard Lease Money Factor" is?
  • Car_man, could you please post the rates for September, did they improve at all from August?

    Interested in a 13 ML350 (2WD) 3yr / 12k

    Thanks
  • I asked about it, tjbruno, and apparently Mercedes actually significantly improved its standard lease money factors for September. Its current standard buy rate for top tier customers is .00160.

    Car_man
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  • Hi idreamofbenz. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 36-month lease of a 2012 ML350 2WD with 12,000 miles per year are .00160 and 56%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Looking to get into a new ML 350 (gas) vehicle. I've been looking at 2013s, but I've noticed that some of the dealers have 2012s on the lots too.

    1. Anyone know about incentives for dealers to clear the lots of them? We were also looking at 2013 GLs (coming out at end of month), and there are 2012s sitting on lots, and some people have been getting $8k-12k off MSRPs for the 2012 GLs, so I was wondering if a deep discount could be had on the 2012 MLs.

    2. Car_Man, I wasn't entirely sure on your lease numbers for September for the MLs. Are there differences for the 2012 vs. 2013s? Would you kindly list the MF and residuals for a 24mo lease and 36 mo lease for 12k miles/year?

    Thanks!
  • Just to clarify, I'm looking for MF and residuals on 4Matic MLs, not the 2WD versions.
  • Car_man, thanks but I should have clarified, what are the Sept. rates for '13s?
  • caltman, just my 2 cents:

    1) Dealers are definitely offering large discounts on 12 GLs to make room for the brand new model. A dealership I went to offered me a better deal on a $66k 12 GL than a $57k 13 ML. It actually would have been much cheaper to get into a GL. But it would be a tough pill to swallow to get into a PREVIOUS generation model and miss out on all the cool new features & enhancements.

    Discounts aren't near as big on 12 MLs because although its the previous model year, it's still the new generation ML. If you can find a 12 ML you'll still be able to get a better deal, both in terms of price and finance rates.

    Remember though, by going with a 12 ML or 12 GL you'll be missing out on new standard features in the 13 MY. Features such as mbrace2, Collision Prevention Assist, a color instrument display, etc. It's up to you how much these mean to you.

    I'm going to the dealership today, I'm really hoping Car_man can let me know what the rates are for 13 MLs this month!
  • Thanks!

    We drove a 12 ML Bluetec earlier in the week, but I've been reading a lot about the diesels and the problems some people have been having in cold weather, so we went to drive a 13 ML350 and a loaded 12 ML550. I've gotten a decent discount so far (7.4% off sticker), but I get the sense there is more room to move despite the minimal back and forth we've had so far. We really like the power in the ML550, and of course, it's got better equipment, but at $75k+, we are in GL territory, and the 13s are out in a little bit (albeit, I'm sure the deals won't be fantastic out of the gate). Third row was something we were originally looking for, but have been test driving the MLs since there are no new GLs on the lots yet.

    I really need to figure out how much more wiggle room there is on the 12 ML. I've read 9%+, but I need to confirm that somehow. Also, I need to find true MF and residual numbers on a 2 and 3 year lease. We started out at 0.0024 (standard MB MF), but then the quote with the 7.4% off was with a MF of 0.0020, so I also suspect that the true MF is lower, and they are looking like they are giving me more off when really it's padded.

    Decisions, decisions.....
  • So yes, I guess I'm looking for the following info Car_Man (or anyone else who knows):

    1. Money factor on 12 ML350s and 550s along with residual values for 24mo and 36mo leases.

    2. Money factor on 13 ML350s along with residual values for 24mo and 36mo leases.

    Thanks!!
  • Hi caltman. Mercedes really isn't providing much in the way of cash incentives on leftover 2012 M's, just a few measly $250 CAP Certificates. Its money factors on the '12 ML350 have gotten better over the past couple of months though.

    Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 24-month lease of a 2012 ML 350 with 12,000 miles per year are .00150 and 64%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 model are .00160 and 66%.

    While I have no specific special inside knowledge about this, I personally would be surprised if Mercedes didn't have to increase its lease support on the ML at some point over the next several months. Again this is nothing more than an educated guess from someone who has followed the industry for many years, but if I was in the market for an ML 350 and I wasn't in a hurry I might be inclined to wait.

    The GLs are a different animal than the MLs. There's a ton more cash on 2012 GLs, so dealers will be able to discount them more heavily.

    Car_man
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  • Car_Man,

    Do you have the numbers for 12 ML550s for MF and residuals for 24 and 36 months respectively? And is there a difference btwn the 10k and 12k miles per year on those numbers?

    Thanks!
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