Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

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

1568101131

Comments

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi jsonny. Here's the information that you're looking for. MB Finance's current buy rate lease money factor and residual value for a 48 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00050 and 44%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • brandon790brandon790 Member Posts: 6
    Hello,

    I currently have a 2006 ML350 AMG Package lease (paying in the low 600's) that is ending in Oct 09. The dealer is offering me the following proposed new lease to get me out of the current lease: Note that the dealer included the 2000.00 MB cash back, and took another $1000.00 off from invoice to bring it down to selling price of 48400. The lease payment is $659.00 per month, 48 months @ 12,000 miles per year. Let me know if it's a good deal.

    Equipment:
    Blk on Blk
    M-B Tex
    Premium 1 package
    Lighting package
    Appearance package
    Heated Front seats

    MSRP: 54445
    Selling price after discounts: 48400 + tax
    Total out of pocket: 2172.00
    Out-of-pocket includes aquis fees, 1st mo, and upfront fees.
    Residual (base) 36.00
    Total Residual $20,689.10

    Let me know what you think.

    Thanks!
  • bettyblubettyblu Member Posts: 7
    Is the money factor and residual on the 2009 ML350 Bluetec different than the ML350?Lease
    3 year 15000miles MSRP $62000. purchase price approx.$55000. Have owned BMW's before may try MB this time around.....IMHO....better cargo space in the ML. :) Thanks
  • jayriderjayrider Member Posts: 3,602
    Plugging in the numbers in the post before yours -- the lease for your vehicle at 15k miles per year should be $544 plus tax and fees. At 12k miles yours should be a bit less. What money factor was your dealer using?
  • brandon790brandon790 Member Posts: 6
    The money factor is 0.0005 for the lease which works out to 1.2%.
    Your calculation does not seem to be true because the current lease programs all over Mercedes benz website and at the dealerships are 549.00 per month for 48months for a ML 350 automatic with only 10,000 mile per year with over $5,000.00 down. I would love for the deal to be 549.00. However ther are no known programs at mercedes benz finance with payments for $549 plus taxes and fees for 48 months with15,000 miles and $2100.00 out of pocket on a vehicle with an original msrp of $54450.00. If there is one, please give me the dealship info.
  • jayriderjayrider Member Posts: 3,602
    I just used car-man's info of .00050 mf and 44% residual. Cap cost $48400 minus residual of $23955 = $24445 / 48 months is $509.

    $48400 + $23955 = $72355 / .00050 = $ 36.

    $ 509 + 36 = $ 545 for a 48 month least at 15k per year. All fees and taxes extra.

    Run the numbers , I may have miscalculated. Forget about so called programs -- you have all the numbers to run the lease. It is what it is.
  • brandon790brandon790 Member Posts: 6
    Note that there was only one ML 350 in the Northeast with the equipment mentioned above that was in stock. My local dealer did a swap with another MB dealership in MD and is having the car picked up and transported via Truck.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey bettyblu. Yes, Mercedes' lease program for the ML320 Bluetec is different from its program on the ML350. Mercedes-Benz is not currently providing any lease support on the diesel ML. As a result, if you were to lease one through MB Finance, you would have to use its standard lease program...which isn't very good.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rahulgrahulg Member Posts: 28
    Hi Car Man

    I contacted local dealer in Lincoln and he gave me a totally different money factor and residual for a 2009 ML 350 48 m / 15 k lease than what you have mentioned in your posts. He gave me a 0.00050 / 36% whereas you have posted a figure of 0.00050/44% for a 48 mth lease at 15 k miles per year. Kindly let me know whats the right value and if your value is right, how do I prove to dealership that they are giving me an inflated value. Sales mgr also told me that he will write to edmunds that they are posting a wrong lease value but I told him that my reliability factor on car man is much more and I have tested in my previous two leases.

    Thanks, Rahul
  • nagnihotnagnihot Member Posts: 3
    Hi, this car is a demo model, with 3200 miles, in NJ:

    2009 ML320 BlueTec
    Black/Black M-B Tex
    H04 Maple wood trim
    P02 package
    324 Sunroof
    550 Trailer Hitch
    873 Heated Front seats

    MSRP (incl delivery): 57,475.
    Selling price: 47,900.

    The selling price seems high; I want to make a counter-offer: what would be a good, aggressive number? 44K? 42K?

    Also, I haven't told them yet, but once we settle on a price I will ask them to structure a lease. Are there any specials on the 2009 BTC models going on right now?

    Thanks!
    Naveen.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Rahul. Here's the latest lease program info for you. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 48 month lease of a 2009 ML350 4WD with 15,000 miles per year are .00050 and 36%, respectively. The 44% residual value is for 36 month leases.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Naveen. Mercedes-Benz is currently providing a $2,000 cash incentive on leases of the 2009 ML350 and ML550 through its captive finance company, but unfortunately no cash on the ML320. If you were in the market for a lease of a non-demo ML320, I would advise you to shoot for a selling price of as close to dealer invoice as possible.

    The question on this deal is how much of an additional discount should you be getting for going with a demo model that already has over three thousand miles on it. The problem that I personally have with demos is that dealers never seem to be willing to discount what to me is essentially a low mileage used vehicle enough for me to personally justify going with one over an equivalent brand new model. I personally would want at least an additional $2,000 discount to go with this truck over a non-demo and I highly doubt that the dealer would be willing to cut its price by that much. Your threshold for going with a demo may be different.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pacdecimalpacdecimal Member Posts: 39
    I was quoted $2,000.00 MBenz, $1,775.00 Dealer and $4,000.00 Fleet Credit Union discounts. With .0050 MF on 36 at 10K per year at MBenz of San Francisco.

    I'm thinking I can get slightly better at San Jose or at Pleasanton, CA.
  • jagman7jagman7 Member Posts: 9
    hi guys,

    i just picked one up for my wife and wanted to see if it was a good deal. 2009 ML350 with navi and all options. sticker was 54K and they discounted the car to around 47K. 36 month lease with 12K per year. 575/month with 5000 out of pocket. included first month payment.

    let me know what you think
  • am1199am1199 Member Posts: 10
    Hi Car_Man,

    Please post money factor and residual for August for 2009-2010ML350 4Matic. I'm interested to get 36 months lease with 10K. Any incentives?Thanks, Alex!
  • pacdecimalpacdecimal Member Posts: 39
    Looks like your deal is very close to what's being offered by Mercedes Benz.

    09 ML350 4wd,, $599.00, 36X10K per year, $5000.00 something at DO. And money factor of .0050 or 1.20%. Residual 44%
  • chelentanochelentano Member Posts: 634
    Has anyone hear of this company? With no money down deals too good to be true?

    http://www.theleaseoutlet.com/Auto/Mercedes-Lease-Specials.aspx
  • ml350dudeml350dude Member Posts: 5
    The dealership tells me that my deal is incredible. That my lease beats most leases by about $100/month or $4000 cap cost payment and that he was able to do this by using what he calls an ambassador program.

    Here is the specs:
    2009 ML 350
    36 months
    15,000 miles
    P1 package
    Heated Front Seats
    Brushed Aluminum Running boards
    I dont know the interest rate which I see people post here

    742.42 due at inception (includes DMV and 1rst month payment)
    $679.92 total monthly payment (35 times thereafter)

    Is this an incredible deal? God enough to take a car that is not my first choice in color both interior and exterior?

    Thanks in advance...
    Jordan :confuse:
  • ml350dudeml350dude Member Posts: 5
    1) How much does going from 10K to 12K to 15K add to the monthly payment on a lease, approximately? I mean is there a formula for that?

    2) Also, does the p1 package come with the glove compartment iPod adapter? Or is that an upgrade above and beyond the P1?

    3) How much is it to have the brushed aluminum running boards installed after market?

    :blush:
    image
  • rahulgrahulg Member Posts: 28
    based on my experience, there is approx 20 dollar difference between 10 k and 12 k lease and 30 dollar difference betwene 12 k and 15 k lease. Obviously actual values would differ per your duration etc but this will give you a ball park idea.

    IPOD adapter in glove is included in P1.
  • m350m350 Member Posts: 1
    Base on 36 months, 10K miles/year lease...

    MSRP is $ 53945
    Your special price $ 41945 ($12K employee discount)

    Total Drive off $4000 (includes 1st month payment, 1st year license and dmv fees)

    35 payments of $465.67 plus tax a month, $505.91 including tax (
    For 12K miles/year add $16 a month.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi am1199. Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 ML350 4Matic with 10,000 miles per year are .00209 and 53%, respectively. The numbers for an otherwise identical lease of an '09 model are .00050 and 47%.

    Mercedes is providing a $2,000 cash incentive on leases of the '09 model, but nothing in the way of cash on the '10.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • rahulgrahulg Member Posts: 28
    Hi Car man

    can you pls post the lease numbers for 12000 mile, 36 month lease for 2009 ML 350 and 2010 Mercedes ML 350. Want to compare deal between the two.

    Thanks Rahul
  • chelentanochelentano Member Posts: 634
    does the $2000 rebate still apply in September?
  • m1000m1000 Member Posts: 27
    This seems high to me, what should i be paying on a 2010 ml 350 4matic

    MSRP: 54,000
    *i get a 3k fleet incentive
    Cap Cost: 47,700
    MF .00102
    Residual 54%
    $5,114 + motor vehicle fees down
    36 months w/ 12k/yr PMT=550, including tax

    what should i shoot for my payment to be?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Rahul. Here's the information that you're looking for. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2009 ML350 AWD with 12,000 miles per year are .00395 and 46%, respectively. As you can see, Mercedes is not providing lease support on the 2009 version of this truck any longer. If you really want to lease one, you would be better off going with a 2010 model. The lease program for the '10 is much better, .00102 and 52%.

    When negotiating your lease on the 2010 model, make sure to take advantage of the $2,000 dealer cash that is currently available on leases of it.

    If you decide to go with a leftover '09, you can use the $6,000 dealer cash that MB is providing on it to your advantage.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chelentano. Not exactly. MB pulled the plug on its lease support for most 2009 models, including the ML350. It replaced its special lease program on the '09 ML350 with $6,000 dealer cash. It now has a $2,000 cash incentive on leases of the '10 model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • m1000m1000 Member Posts: 27
    carman, any thoughts on my deal post #390. thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi m1000. The money factor that you were quoted is right in line with Mercedes' current buy rate for this truck. That's always a good sign. As far as the selling price goes, I personally would shoot for $500 to $1,000 over dealer invoice minus the $2,000 cash incentive that Mercedes is currently providing on leases of this truck and whatever other cash incentives you qualify for. You can look up the exact invoice price of the truck that you want, as you want it equipped, over in the New Vehicle Pricing section of this site.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • tmtdrtmtdr Member Posts: 2
    Hello. I am looking to lease the 2010 ML 350 - Using a USAA discount, the following is proposed.

    MSRP - $53,205
    Invoice - $50, 142
    USAA price - $47,142
    Dealer states this is $700 over invoice
    3 year, 12k miles

    $1500 down - includes first month, tax , title etc.
    Lease price $719 plus tax = $762 delivered to house.
    Any comments. Thank you.
  • David EhrlichmanDavid Ehrlichman Member Posts: 47
    Sounds way too high.
    Just was quoted today for ML350, P1, heated seats, running boards 640.00 with no cap cost, just first month and taxes.

    My 2007 E350 w4 still has 4 payments left which they will eat.
  • storm10storm10 Member Posts: 260
    Here is what I did: I went to link title, where you can go to "Dealer Quotes", select your State and request a quote individually from every Mercedes-Benz Dealership in the country. Let them compete between themself. Whoever comes with the lowest price - earns my business. I did not care about rates or residuals, etc... All I care - who can give the lowest payment. The best deal I got on my E350 was $2,100 below invoice plus they had $2,500 incentive at the time, but I did not care about all that. The only thing made a deal is the lowest payment.
    Hope it helps.
  • audi_manaudi_man Member Posts: 64
    CAR_MAN
    in regards to post #394 I have a question for you. Why you are suggesting to go over invoice for $500- $1000 while Overstock deals offer up to $600 bellow invoice on ML350 2010 models?
    Do you suggest to go over $500 -$1000 Edmunds, dealers or Overstock's invoice Overstock' invoice includes dealer's regional and ad fees. Are these fees negotiable?
    Does $2000 lease credit applies to anyone? or only to their current customers?
    Do you think they would cover my Audi A6 2 remaining lease payments?
    Sorry for so many questions
    Thank you in advance
  • msf83msf83 Member Posts: 10
    Car Man, could I please have the current rates for 36mo/10k on the ML350 2WD?

    Also, is there still a $2,000 cash incentive like last month or has that changed?

    TIA
  • audi_manaudi_man Member Posts: 64
    Hello mfs83,
    Looks like $2000 rebate on 2010 models is still available. What lease numbers do you currently get for ML350? I'm on a market for ML350 4MATIC
    it seems like dealers are willing to sell them bellow invoice (before rebate) Any comments?
    Thanks
  • ggmorganggmorgan Member Posts: 7
    Was wondering if anyone has October numbers (MF and Residual) for a 2010 ML 350? Specifically I'm looking at a 48 month lease @ 15K miles. Thanks much in advance.
  • msf83msf83 Member Posts: 10
    Audi Man, why do you think dealers are willing to sell below invoice before rebate? I haven't heard or seen anything like that...but then again I haven't heard from anyone who's purchased one lately. I'm hoping to hear from more people on here.

    What concerns me is that I really want P2 because for '10 they moved the harmon/kardon system to P2. Problem is it seems like Mercedes only ships ML's with P2 that are fully loaded with just about every package/option. I can build a P2 I want on the benz site for under 54 but any P2 I've heard of that are at dealerships are almost 58.

    Comments?
  • storm10storm10 Member Posts: 260
    It depends on what part of the country you are buying from. If you live on the West coast - chances are you can buy below invoice, because in California there are 44 Mercedes-Benz Dealerships fiercely competing against each other.
    If you can't find exact configuration, that you are looking for - you can ask Dealer to build a car to your exact specification, but you have to wait for it about 6 to 8 weeks.
    Hope it helps.
  • msf83msf83 Member Posts: 10
    I wouldn't mind having to spend a little more to get what I want but MB literally tacks on every option it seems if they ship out a P2 (which seems odd because P2 is only 2 options, the h/k system and keyless-go)...they add $5,000 of options on top of it.

    Is there an extra charge to custom build a car?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi audi_man. I don't know anything about Overstock's pricing. I was saying that if I was in the market for an ML right now I personally would shoot for a selling price of $500 to $1,000 (preferably towards the lower end) over the invoice price that is listed here at Edmunds.com minus any available incentives.

    Yes, the $2,000 cash incentive on leases through MB Finance that I mentioned is available on all deals.

    I'm sure that you would be able to find a Mercedes dealer that was willing to make your final two payments on your Audi for you, but nothing in this world is free. Having them make your last payments will hamper your ability to get the best possible deal on your new vehicle. I personally would wait until the scheduled end of my current lease to get something new.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey msf83. Yes, the $2,000 cash incentive is still available on leases of the 2010 ML350. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 ML350 2WD with 10,000 miles per year are .00096 and 53%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ggmorgan. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 48 month lease of a 2010 ML350 4Matic with 15,000 miles per year are .00075 and 39%, respectively.

    When negotiating your lease on this truck, make sure to take advantage of the $2,000 cash incentive that is currently available on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jayriderjayrider Member Posts: 3,602
    If the audi is super clean with extra low miles, they might want it in trade. This would only be in your advantage if your buy out is below trade in price by a grand or more.They would essentially buy your audi for more than the payout with you getting the difference to put toward the ml. There may be some equity in your leased vehicle. Probably not but worth looking into.
  • audi_manaudi_man Member Posts: 64
    Thanks Car_ Man
    Just my 2 cents do not go over invoice of $500 or $1000. Right now with this economy they are willing to sell bellow invoice. After your comment I 100% agree with you on waiting for 2 more month to payoff your lease first and have better room to negotiate. Otherwise they will include these 2 payment into your ML lease...
    It just still unclear what invoice we should follow Edmunds or dealers? practically all dealers say Edmund's invoice is incorrect...

    Anyone can share their ML 2010 buying experience? what quotes do you get?

    Jayrider, I have 2 month left on my 3 year 2007 Q7 lease with 12k millage. Yes, 12k. residual value at the end of my lease is $32k. Do you think I have any advantages by returning my leased Audi to Mercedes with such low millage and get ML? or first return the vehicle directly to Audi and then get ML?

    I would appreciate any comments
  • jayriderjayrider Member Posts: 3,602
    try taking it to mercedes first and get a trade in price after the discount you negotiate. Wait -- leave the audi at home. Get your best purchase deal and then say oh-by the way -- what is the trade in for this 12k mile q7. Don't say that it is a lease. If you get more than the 32k you are ahead. They buy - you pay off the car and keep the change. Let them tell you what they will offer -- don't fall for the -"what do you need for it stuff" Once you haggle a bit shoot for 2k over payoff. You might get more or you might get less. It is still under warranty and with those low miles they should be able to work with you. Don't tell them your payoff either. You may have some equity in the car. Go to the real world trade-in discussion and post the details of the car and see what volvomax tells you it's worth. Good luck.
  • audi_manaudi_man Member Posts: 64
    Excellent info. I did not know you can trade in your leased car. I'm sure they will ask me if it's leased or financed. What my answer should be in this case? I'll definitely try to get their number first on Q7
    Thanks a lot
  • jayriderjayrider Member Posts: 3,602
    They probably won't ask you if it's leased or owned -- may ask what you owe. You can truthfully say you owe nothing. But you need a great price. Don't need to mention the doors either. Maybe moot since trade in may be lower than payoff but you can still try. Trade in price is only an estimate. The mercedes dealer may really want your car. If he doesn't then you won't get a great price but you could ask for 1k over payoff or you are going to get a q5. That might get their attention. Have you looked at the q5 vs the ml? Might be a deal there.
  • audi_manaudi_man Member Posts: 64
    You are great help man... I would get Q7 2010 again but the residual is to low 47% (36m/10k). Since there is a possibility to get deal with trade in I'll look into Q7 deal again.
  • jayriderjayrider Member Posts: 3,602
    I would be hopeful but in this economy I'm not sure I'd be optimistic. Your 07 should sell for mid to upper 30's retail but if you add on cpo costs -- don't know what to expect in reality. Euro-dealers will want your audi with only 12k miles -- trust me on that. Depends on what they feel they can give you to make a profit. Keep posting. Had a friend who was going to return her 06 murano to lease an audi. She ended up buying the murano but several dealers were telling her she had some equity to apply to the new car. May have been smoke and mirrors -- will never know. Good luck.
  • s_nys_ny Member Posts: 1
    Any dealers in the Tri-State area doing the same? The dealer i came across is really trying to take me for a ride.

    For a ML350 4matic..
    they wanted..

    680 a month for 36/mo with 12k mi and 1950 due at signing!

    MSRP is 54,645, residual 28,415.

    Thanks and appreciate any feedback.
This discussion has been closed.