2015 Mercedes-Benz M-Class Lease Questions

kyfdx

sats0 said:

kyfdx said:

sats0 said:

Hi,
Is sales tax on leases in California calculated on the total sales price or on just the leased price? I got the following quote on a 2015 ML350 4MATIC:
MSRP: $63,945
Negotiated price: $56,000
Tax @ 9%: $5,047.20
Fees: $583.75
Out the door price: $61,630.95

Cash Down: $1416.71
36 mo/12K: $825.76 / month
Residual: $35,169.75
The above info is on the sheet he gave me.
The dealer mentioned the MF is 0.00102. He also said the Cash Down is primarily for Fees and 1st month payment, but the numbers don't add up. Any help is appreciated.
Thanks.

The purchase tax has nothing to do with a lease... Payments are taxed monthly. So, the OTD price is only for a purchase.
You should ask for the CAP cost and compare that to the selling price, and ask for a line item accounting of the difference.

If your CAP cost is $56,795 (purchase price + acq.fee), I get a payment of $702/mo+tax, or about $765/mo.tax included.. Your $1400 upfront would cover the 1st payment and registration fees.. (I show MF of .00111)

Looks like they have about $1800 in extras hidden in there somewhere..

OK, thanks for the clarification! Is there an additional acquisition fee that is tacked on? Another dealer had a $1098 acquisition fee in addition to the doc, registration and smog fees. I believe this should be $795?

Really appreciate all this info!

The base acquisition fee is $795. Mercedes Finance allows dealers to mark up that rate to $1095 for extra profit.

borusik83

Any chance of leasing 2015 ML under $650.00 a month in IL (tax 7.25) with zero down? Mercedes is offering on their site $579 a month with close to $5000 at signing for a $48500 MSRP. Can this be worked into say $620.00 with zero down for a $51000 MSRP car?

samny1

Hi,

I was wondering if you knew the MF and RV on a 2015 ML350 4matic for 15K and 36 months in NY?


I received a quote from a dealer on a loaner with about 5500 miles on it. It has Premium 1 package, nav, rear view camera, XM radio

MSRP: 57050
Selling Price: 49295
MF: 0.00101
RV: 53%
Taxes: 2047.20 (rolled into lease)

1993.54 up front (1142 for acq/doc/ins/[non-permissible content removed])

659 a month for 36 months at 15K


Is that a good deal?


Thanks in advance,

SM

Michaell

borusik83 said:

Any chance of leasing 2015 ML under $650.00 a month in IL (tax 7.25) with zero down? Mercedes is offering on their site $579 a month with close to $5000 at signing for a $48500 MSRP. Can this be worked into say $620.00 with zero down for a $51000 MSRP car?

Depends on how much of the $5000 is going to cap cost reduction. Every $1000 translates into about $28/mo on the payment, so if the entire $5K is used, that equates to an additional $140/mo. $0 down then works out to over $700 month.

Michaell

samny1 said:

Hi,

I was wondering if you knew the MF and RV on a 2015 ML350 4matic for 15K and 36 months in NY?


I received a quote from a dealer on a loaner with about 5500 miles on it. It has Premium 1 package, nav, rear view camera, XM radio

MSRP: 57050
Selling Price: 49295
MF: 0.00101
RV: 53%
Taxes: 2047.20 (rolled into lease)

1993.54 up front (1142 for acq/doc/ins/[non-permissible content removed])

659 a month for 36 months at 15K


Is that a good deal?


Thanks in advance,

SM

With your numbers, I'm getting $609.73/mo pre-tax, so $659 seems about right, depending on your tax rate.

badh20419

Looking at this deal in CA.
Msrp $57880
Sales price $49999
3k down
545/ mo before tax
10k/36 mo
Is this a good deal or should I push for better terms?

badh20419

Sorry ml350 rwd

Michaell

badh20419 said:

Looking at this deal in CA.
Msrp $57880
Sales price $49999
3k down
545/ mo before tax
10k/36 mo
Is this a good deal or should I push for better terms?

badh20419 said:

Sorry ml350 rwd

The MB numbers expired on 12/31. We're hoping to see the new numbers sometime this week.

samny1

Michaell said:

Hi, I was wondering if you knew the MF and RV on a 2015 ML350 4matic for 15K and 36 months in NY? I received a quote from a dealer on a loaner with about 5500 miles on it. It has Premium 1 package, nav, rear view camera, XM radio MSRP: 57050 Selling Price: 49295 MF: 0.00101 RV: 53% Taxes: 2047.20 (rolled into lease) 1993.54 up front (1142 for acq/doc/ins/[non-permissible content removed]) 659 a month for 36 months at 15K Is that a good deal? Thanks in advance, SM

With your numbers, I'm getting $609.73/mo pre-tax, so $659 seems about right, depending on your tax rate.

Thank you Michaell.  Do the MF and RV look right?  

SM

Michaell

samny1 said:

Michaell said:

Hi,

I was wondering if you knew the MF and RV on a 2015 ML350 4matic for 15K and 36 months in NY?


I received a quote from a dealer on a loaner with about 5500 miles on it. It has Premium 1 package, nav, rear view camera, XM radio

MSRP: 57050
Selling Price: 49295
MF: 0.00101
RV: 53%
Taxes: 2047.20 (rolled into lease)

1993.54 up front (1142 for acq/doc/ins/[non-permissible content removed])

659 a month for 36 months at 15K


Is that a good deal?


Thanks in advance,

SM

With your numbers, I'm getting $609.73/mo pre-tax, so $659 seems about right, depending on your tax rate.

Thank you Michaell.  Do the MF and RV look right?  

SM

I can't help you .. the MB numbers I have expired on 12/31/14 and I haven't seen the January numbers yet.

stever

If you got a great lease deal in 2014, a reporter wants to talk with you. Please email PR@edmunds.com no later than Wednesday, January 7, 2015, and include your daytime contact info and the make and model you leased.

powertrain

Working on a 2015 ML350. Any incentives in January? What is the current residual and money factor for a 36/10k? I'm still not decided between the ML or an X5 with: (.00130, 57% for a 36/10k)

kyfdx

powertrain said:

Working on a 2015 ML350. Any incentives in January? What is the current residual and money factor for a 36/10k? I'm still not decided between the ML or an X5 with: (.00130, 57% for a 36/10k)

.00137 MF and 56%

bnguyen1991

California

ML350 - 12,000 Miles, 3 years
MSRP - $54,625
Sell Price - $52,286
Residual - 55%
MF - 0.00157
Bank Fee - $1095
Doc Fee - $80
License and Registration - $466.60

Payment $769 + Tax = $831

This seems extremely high for a $55k car. Anyone get new numbers for 2015?

kyfdx

bnguyen1991 said:

California

ML350 - 12,000 Miles, 3 years
MSRP - $54,625
Sell Price - $52,286
Residual - 55%
MF - 0.00157
Bank Fee - $1095
Doc Fee - $80
License and Registration - $466.60

Payment $769 + Tax = $831

This seems extremely high for a $55k car. Anyone get new numbers for 2015?

Bank fee is marked up from the base $795 and the MF is marked up from .00137 base..

...and, not much of a discount, either...

It's not a great lease program... it's never going to be a good "lease value" without a big, big discount from MSRP.. this dealer marking up the lease numbers is not helping..

bnguyen1991

kyfdx said:

bnguyen1991 said:

California

ML350 - 12,000 Miles, 3 years
MSRP - $54,625
Sell Price - $52,286
Residual - 55%
MF - 0.00157
Bank Fee - $1095
Doc Fee - $80
License and Registration - $466.60

Payment $769 + Tax = $831

This seems extremely high for a $55k car. Anyone get new numbers for 2015?

Bank fee is marked up from the base $795 and the MF is marked up from .00137 base..

...and, not much of a discount, either...

It's not a great lease program... it's never going to be a good "lease value" without a big, big discount from MSRP.. this dealer marking up the lease numbers is not helping..

Thought so.

Does anyone have any recommendations with dealerships in So Cal? I've had completely horrible experiences with almost all of the MB dealerships around here.

Fletcher Jones refuses to even give me numbers without me coming in and giving me credit score (they can f off)

House of Imports has horrible service.

Foothill so far has good service but bad numbers.

privateskies

Would you guys have the January or February 36mo 12k MF and residual for the ML550?

Michaell

privateskies said:

Would you guys have the January or February 36mo 12k MF and residual for the ML550?

2014 ML550 - standard MF (.00180 - .00220) and 43% (ouch)

privateskies

Do you have any recommendations on a performance SUV with a descent residual. Even BMW seems way bellow their average residual over the last 42 months right now on the X5 50i. Maybe Jeep will negotiate the most on selling price. I don't know where Porsche and Range Rover stand, but they've never been competitive historically on cash discounts or leasing.

Michaell

privateskies said:

Do you have any recommendations on a performance SUV with a descent residual. Even BMW seems way bellow their average residual over the last 42 months right now on the X5 50i. Maybe Jeep will negotiate the most on selling price. I don't know where Porsche and Range Rover stand, but they've never been competitive historically on cash discounts or leasing.

I don't think most folks shopping for a "performance SUV" are terribly price sensitive. MB and BMW have historically had the best programs. Range Rover and Porsche have high money factors, and Audi doesn't inflate their residuals all that much.

privateskies

Agreed, but it's never enjoyable when your payment goes from $800 to $1150 for the same car in 36 months! I guess if you don't have the starting reference you'd care less.

ortega

When available, please post the February MF and residual for 2015 ML350, 36mos/15k. I'm in NJ. Thanks in advance!

Michaell

ortega said:

When available, please post the February MF and residual for 2015 ML350, 36mos/15k. I'm in NJ. Thanks in advance!

The February numbers won't be released until next week. Current numbers run through 2/2/15.

.00135 MF (4Matic) and 53% for 36/15.

aakhtar

Pls help. Looking to lease a 2015 ml 4 matic msrp 61,810 selling price $56,230. Dealer is calculating and giving a $861 lease payment for 51 months. Does this sound right? I'm in the state of Illinois. 

kyfdx

aakhtar said:

Pls help. Looking to lease a 2015 ml 4 matic msrp 61,810 selling price $56,230. Dealer is calculating and giving a $861 lease payment for 51 months. Does this sound right? I'm in the state of Illinois. 

I don't have any numbers for 51 month leases... I wouldn't recommend leasing a car for that long for a lot of reasons..

And, frankly, that sounds like a terrible deal.. If it was a sign and drive lease for 36 months, then I could possibly see it...

At that price, I'd just buy it and have $1100 payments for 60 months, and actually own the vehicle.

aakhtar

You make sense for sure. Thanks for the response. What are the number for 15k miles 36 month lease? 0$ deposit, just first month payment (this is what they're offering) 

Michaell

aakhtar said:

You make sense for sure. Thanks for the response. What are the number for 15k miles 36 month lease? 0$ deposit, just first month payment (this is what they're offering) 

.00135 and 53%

aakhtar

So I got a breakdown of the number from the dealer. And he gave me this. 

37% Residual ($22,867.85)

0.00141 MF 
this is for the 15k miles I think it's horrible 

Michaell

aakhtar said:

So I got a breakdown of the number from the dealer. And he gave me this. 

37% Residual ($22,867.85)

0.00141 MF 
this is for the 15k miles I think it's horrible 

Was that for the 51 month lease? I agree those are bad numbers.

aakhtar

Yeah for the 51 month. for the 48 month dealer is saying $971/ month. Terrible offers 

Michaell

aakhtar said:

Yeah for the 51 month. for the 48 month dealer is saying $971/ month. Terrible offers 

Yeah, that is really high. Perhaps it's time to contact a new dealer.

lorax184

ML250 Do you have current 24/10 and 36/10 and 36/12 residual and MF for 2015 ML 250 WITH autopay?
thanks,

Michaell

lorax184 said:

ML250 Do you have current 24/10 and 36/10 and 36/12 residual and MF for 2015 ML 250 WITH autopay?
thanks,

Bluetec? Standard MF of around .00200 before autopay, and 68% / 60% / 59% for 24/10, 36/10 and 36/12 residual.

jjg5504

Do you have MF and residual of 2015 ml350 4 matic? in PA

jjg5504

Sorry, 36 months 12k miles

Michaell

jjg5504 said:

Do you have MF and residual of 2015 ml350 4 matic? in PA

jjg5504 said:

Sorry, 36 months 12k miles

.00111 and 55%

jerryhze

Hello, could you please check the MF and residual for a 2015 ML400 4matic? 36 months, 10k miles/yr

jerryhze

Thanks!

Michaell

jerryhze said:

Hello, could you please check the MF and residual for a 2015 ML400 4matic? 36 months, 10k miles/yr

56% residual and standard MF (.00200 or so) on the ML400, 36/10

jerryhze

Michaell said:

jerryhze said:

Hello, could you please check the MF and residual for a 2015 ML400 4matic? 36 months, 10k miles/yr

56% residual and standard MF (.00200 or so) on the ML400, 36/10

Thank you that was quick! Do you know why ML400 has a higher MF compared to say ML350?

jerryhze

And for the auto pay, how much does it reduce the MF? Is there any other way to reduce MF further?

Michaell

jerryhze said:

Michaell said:

jerryhze said:

Hello, could you please check the MF and residual for a 2015 ML400 4matic? 36 months, 10k miles/yr

56% residual and standard MF (.00200 or so) on the ML400, 36/10

Thank you that was quick! Do you know why ML400 has a higher MF compared to say ML350?

Not as much supply is probably why the MF is higher.

jerryhze said:

And for the auto pay, how much does it reduce the MF? Is there any other way to reduce MF further?

Autopay reduces the MF by .0001.

MF quoted are the base rates; dealer cannot reduce them any further. MSD not available on subvented rates, but can be used on the standard MF for the ML400

jerryhze

I was quoted a MF of 0.0022. Is it standard?

kyfdx

jerryhze said:

I was quoted a MF of 0.0022. Is it standard?

We've seen the "standard" money factor quoted as anywhere from .0018 to .00225.

So, could they be marking it up a little at .0022? It's possible, but we can't say for sure.

kms2014

Hi there-

I am looking for updated money factor and residual factor for a 2015 ML 350. can you please provide 3 year/12k miles as well as 3 year.15k miles. Thanks! In Colorado by the way

kyfdx

kms2014 said:

Hi there-

I am looking for updated money factor and residual factor for a 2015 ML 350. can you please provide 3 year/12k miles as well as 3 year.15k miles. Thanks! In Colorado by the way

.00111 MF and 55%/53% residual

dmaustin12932

Hello,

Looking for MF and residual for ML 350. 36/12000 in Texas.

Also does it change for 4-Matic or BluTech?

kyfdx

dmaustin12932 said:

Hello,

Looking for MF and residual for ML 350. 36/12000 in Texas.

Also does it change for 4-Matic or BluTech?

.00111 MF and 55% residual for RWD or AWD.

BTC: Standard money factor and 59% residual

muffinman21

kyfdx - where do you get these values from?

Can you confirm from the above:
36mo/15k
ML350 .0111MF 53%Residual

What have people been getting monthly for no money down 36mo/15k miles on the ML350?

kyfdx

muffinman21 said:

kyfdx - where do you get these values from?

Can you confirm from the above:
36mo/15k
ML350 .0111MF 53%Residual

What have people been getting monthly for no money down 36mo/15k miles on the ML350?

Yes.. I can confirm those numbers..

Hard to say where we get the numbers.... either Google or a little birdy told me..