Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

2015 Mercedes-Benz M-Class Lease Questions

123578

Comments

  • attitudetalksattitudetalks Posts: 64
    edited March 2015
    kyfdx said "Yes.. I can confirm those numbers..Hard to say where we get the numbers.... either Google or a little birdy told me.. :p"

    Hi kyfdx,
    I see you're on this forum too .... Awesome !!
    qq on the ML350, would you have the residuals for a 36 and 48 mth lease for 10k miles.
    to reconfirm, the base MF sounds like it is 0.00111, correct ?

    Atti
  • MichaellMichaell ColoradoPosts: 170,586
    kyfdx said "Yes.. I can confirm those numbers..Hard to say where we get the numbers.... either Google or a little birdy told me.. :p" Hi kyfdx, I see you're on this forum too .... Awesome !! qq on the ML350, would you have the residuals for a 36 and 48 mth lease for 10k miles. to reconfirm, the base MF sounds like it is 0.00111, correct ? Atti  

    56% or 42% and .00111

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • attitudetalksattitudetalks Posts: 64
    edited March 2015
    Thanks much Michaell ... :smile:
  • kyfdx 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.. :p
    Haha thanks... What is the consensus here, as in what are people getting the ML350 for no money down? How much are they knocking off the price?

  • kyfdx 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.. :p
    Haha thanks... What is the consensus here, as in what are people getting the ML350 for no money down? How much are they knocking off the price?

    Good question .... Would like to know ML 350 discounts too; meeting dealer in a couple of days. As always, appreciate the help ... :smile:
  • MichaellMichaell ColoradoPosts: 170,586

    kyfdx 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.. :p
    Haha thanks... What is the consensus here, as in what are people getting the ML350 for no money down? How much are they knocking off the price?

    Good question .... Would like to know ML 350 discounts too; meeting dealer in a couple of days. As always, appreciate the help ... :smile:
    You can start by using the pricing tools available at Edmunds - use the "make / model / year" pull downs at the top of the page.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi Michaell,
    Have used the pricing tools but they just tell me the Edmunds Tru Value of the car.

    I would like to know if there are any Manufacturer discounts on the ML 350 for March 2015 ? Plus, any dealer incentives that anyone has received ? This will help me figure out how much margin I have to negotiate with the dealer, i.e., How much they would be willing to knock off the price ?

    Thoughts anyone ?

    Thanks
  • MichaellMichaell ColoradoPosts: 170,586

    Hi Michaell,
    Have used the pricing tools but they just tell me the Edmunds Tru Value of the car.

    I would like to know if there are any Manufacturer discounts on the ML 350 for March 2015 ? Plus, any dealer incentives that anyone has received ? This will help me figure out how much margin I have to negotiate with the dealer, i.e., How much they would be willing to knock off the price ?

    Thoughts anyone ?

    Thanks

    The TrueValue is the target price for the car you are interested in, in the area in which you live.

    Use the "Car Research" tab to link to any customer incentives that are available.

    No dealer incentives that I'm aware of.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • stainseystainsey Posts: 3
    edited March 2015
    Greetings! Here's the deal I'm working on, I think it's a pretty good one:

    Model: 2015 ML 350 4Matic
    Ppd. maint. opt.: No
    Term: 36 months
    Mileage: 12,000/yr
    MSRP: $62,130
    Negotiated Price: $55,500 (~11% off MSRP)
    Resid. Value: $34,171 (55%)
    MF: 0.00111
    Down Pmt.: $2,000
    Use tax: $57.47/mo (CA 9.0%)
    Up-Front Dealer Profit (a/k/a Acq.Fee): $1095 (higher than the $795 min)
    Adj. Cap Cost: $53,651.90
    Mo. Pmt. (w/o tax): $638.60
    Mo. Pmt. (with tax): $696.07
    "Driveoff": $4500

    By the way - I'm working off of a dealer screenshot, so it is a little confusing to me what the $4500 is. I believe it's $2500 cash (for the first month's payment, title, registration, dealer doc profit fees, etc.) plus the $2000 down pmt (cap cost red.), but am not 100% sure about that.

    There is a trade-in involved, and the dealer is offering the higher end of wholesale for that car, which I'm comfortable with. I will net $2500 in equity from that deal after paying off the note which will be used to reduce the capitalized cost.

    Thanks.
  • nyccarguynyccarguy Stamford, CTPosts: 14,427
    Don't put $2000 down as a cap cost reduction & do not take the $2500 trade equity as a cp cost reduction either.

    2001 Prelude Type SH, 2017 Pilot Touring AWD, 2019 Tacoma TRD Sport 4WD

  • nyccarguy said:

    Don't put $2000 down as a cap cost reduction & do not take the $2500 trade equity as a cp cost reduction either.

    Why not ?
  • stainseystainsey Posts: 3
    Normally, I'm a big believer in putting $0 down on a lease...after all, why put money down on something that I'm renting?

    That said, I am taking the remaining slivers of equity out of my existing car, because I consider that money down the drain anyway. That's my own way of looking at it, but I realize there can be differing opinions there. But, bottom line is I really want to keep my payment under $700 for cash flow purposes, and here's an easy enough way to do it.

    The real question I should be asking is why does it cost the same to lease a $62k ML as it does a $70k 535i? But, that's for another day. And since my last 4 cars were BMWs, I'm willing to get a little less for my money this time just to make the switch to Mercedes...even though their lease deals kind of suck.
  • MichaellMichaell ColoradoPosts: 170,586

    nyccarguy said:

    Don't put $2000 down as a cap cost reduction & do not take the $2500 trade equity as a cp cost reduction either.

    Why not ?
    If the car is stolen or totaled, you lose that money.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • aaallinaaallin Posts: 4
    hello, got a quote for a 2015 ml350 awd, wondering if the numbers are right;
    location: New York
    term: lease 36/10
    msrp: $59795
    sell price: $55900
    mf: 0.00111
    Rv: 56%
    monthly payment: $708 exclude tax , $803 if roll in everything and just pay the 1st month installment.

    Thank you in advance
  • MichaellMichaell ColoradoPosts: 170,586
    aaallin said:

    hello, got a quote for a 2015 ml350 awd, wondering if the numbers are right;
    location: New York
    term: lease 36/10
    msrp: $59795
    sell price: $55900
    mf: 0.00111
    Rv: 56%
    monthly payment: $708 exclude tax , $803 if roll in everything and just pay the 1st month installment.

    Thank you in advance

    I confirm both the MF and the residual. Using your numbers, I get a pre-tax payment of $721.85.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • shoredocshoredoc Posts: 2
    edited March 2015
    2015 ML350 4Matic
    MSRP $59,185
    53% Residual, $31,518.
    36 Months/ 15,000 miles
    Negotiated price: $54,518.
    Cap cost with tax: $55,879.
    Money Factor: .00101 with autopay
    Monthly payment: $769.
    Due at signing: $3000= 769 + 430 (fees and ins)+134(upfront taxes) +1,666. (Cap reduction cash)
    Cash down tax 121. Tire tax 12.50. Upfront tax 1,932. capped. Doc 75. Reg 300. Gas surcharge 45. Insp 10.
    New Jersey delivery from NY.

    Your forum is great! Double checking my math. This SUV with color and options must be ordered for delivery in May or June. Don't need it until September, so I have time to spare but don't want to miss out on color option if I wait too long. How does this deal sound? Comments?
    Thank you!
  • shoredocshoredoc Posts: 2
    Addendum, that was 2015 ML350 4Matic with $3,000. initial payment covering first month payment and fees.
  • MichaellMichaell ColoradoPosts: 170,586
    shoredoc said:
    2015 ML350 4Matic MSRP $59,185 53% Residual, $31,518. 36 Months/ 15,000 miles Negotiated price: $54,518. Cap cost with tax: $55,879. Money Factor: .00101 with autopay Monthly payment: $769. Due at signing: $3000= 769 + 430 (fees and ins)+134(upfront taxes) +1,666. (Cap reduction cash) Cash down tax 121. Tire tax 12.50. Upfront tax 1,932. capped. Doc 75. Reg 300. Gas surcharge 45. Insp 10. New Jersey delivery from NY. Your forum is great! Double checking my math. This SUV with color and options must be ordered for delivery in May or June. Don't need it until September, so I have time to spare but don't want to miss out on color option if I wait too long. How does this deal sound? Comments? Thank you!
    I get $769/mo as well with your numbers

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • grover4grover4 Posts: 13
    do you have the April numbers for MF and residual for ML350 4MATIC 15,000 36 months.
  • MichaellMichaell ColoradoPosts: 170,586
    grover4 said:

    do you have the April numbers for MF and residual for ML350 4MATIC 15,000 36 months.

    .00111 and 53%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • grover4grover4 Posts: 13
    do you know if the dealer spring cash can be combined with usaa incentive
  • MichaellMichaell ColoradoPosts: 170,586
    grover4 said:

    do you know if the dealer spring cash can be combined with usaa incentive

    I don't know.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • andy187andy187 Posts: 26
    Hi,

    I would like to know what are the current promotions for 2015 ML350 4Matic. Are there are coupons? like spring cash etc? MSRP of car is 56,500 what is a good selling price?
    I'm looking to lease 15,000 / Miles for 3 years with Maintenance included for 40k miles. I'm looking to purchase and register vehicle in PA. What is MF and Residual for month of April'15?

    Thanks a lot.
  • MichaellMichaell ColoradoPosts: 170,586
    andy187 said:

    Hi,

    I would like to know what are the current promotions for 2015 ML350 4Matic. Are there are coupons? like spring cash etc? MSRP of car is 56,500 what is a good selling price?
    I'm looking to lease 15,000 / Miles for 3 years with Maintenance included for 40k miles. I'm looking to purchase and register vehicle in PA. What is MF and Residual for month of April'15?

    Thanks a lot.

    .00111 and 53%

    Use the "car research" tab at the top of the page to link to current incentives.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • hbo1nyhbo1ny Posts: 24
    Hi. Do you have the May residual and money factor (including autopay discount) for a 15k mile per year lease in New York on a 2015 ML350 4MATIC at 27, 30 and 36 months? Also, what incentives are available this month? Thanks.
  • kyfdxkyfdx Posts: 176,147
    hbo1ny said:

    Hi. Do you have the May residual and money factor (including autopay discount) for a 15k mile per year lease in New York on a 2015 ML350 4MATIC at 27, 30 and 36 months? Also, what incentives are available this month? Thanks.

    .00111 MF and 58%/53% residual for 30/36 months, 15K/yr.

    No 27 month specials on the ML.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ranajoranajo Posts: 57
    What is the money factor and residual in June based on a 36 month lease for 12K and 7,500 miles annually? Also, is there a standard bank fee the lease or is it also negotiable?

    Thanks for your help.
  • kyfdxkyfdx Posts: 176,147
    ranajo said:

    What is the money factor and residual in June based on a 36 month lease for 12K and 7,500 miles annually? Also, is there a standard bank fee the lease or is it also negotiable?

    Thanks for your help.

    ML350?

    .00111 MF and 55%/57% residual

    Base acquisition fee is $795. Dealers may mark it up to $1095 (only the markup is negotiable).

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ranajoranajo Posts: 57
    kyfdx, thanks for the prompt response.

    Yes, I was referring to the ML350 - forgot to mention that vital piece of information!
  • kenji74kenji74 Posts: 4
    Hi: I just got quoted the following, but the numbers dont look right please help

    ML350 4matic

    MSRP 58220
    negotiated price 54946
    sales tax 5384.71
    registration 400
    docment fee 150

    total balance due 60880.721

    36 mo lease 12000 miles with 1500 due (first month and registration fees)
    monthly comes out to be 887 a month

    thanks
  • MichaellMichaell ColoradoPosts: 170,586
    kenji74 said:

    Hi: I just got quoted the following, but the numbers dont look right please help

    ML350 4matic

    MSRP 58220
    negotiated price 54946
    sales tax 5384.71
    registration 400
    docment fee 150

    total balance due 60880.721

    36 mo lease 12000 miles with 1500 due (first month and registration fees)
    monthly comes out to be 887 a month

    thanks

    I get $905/mo with your numbers (55% residual and .00111 MF). What state is this?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kenji74kenji74 Posts: 4
    Washington Seattle, thank you
  • MichaellMichaell ColoradoPosts: 170,586
    edited June 2015
    kenji74 said:

    Washington Seattle, thank you

    I believe sales tax is applied to the monthly payment, not calculated up front. Backing the sales tax out of the balance due would knock about $150 off the payment, then that amount is subject to sales tax.

    I get roughly $830/mo with those calculations (assuming 9.8% sales tax).

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kenji74kenji74 Posts: 4
    thank you so much for your help, yeah that figure just looks high, and I cant figure out why it is so high.
    so 830 a month includes tax already right?
  • kyfdxkyfdx Posts: 176,147
    kenji74 said:

    thank you so much for your help, yeah that figure just looks high, and I cant figure out why it is so high.
    so 830 a month includes tax already right?

    Yes

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kenji74kenji74 Posts: 4
    HI kyfdx thanks for your promt response. I went back and double check with the salesman, and he told me the MF is .00136 residual 55%. I guess i have to start looking at other dealership. thanks again for getting me to the right direction
  • mkr3250mkr3250 Posts: 4
    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.
  • mkr3250mkr3250 Posts: 4
    And I am in Texas
    mkr3250 said:

    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.

  • kyfdxkyfdx Posts: 176,147
    mkr3250 said:

    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.

    .00111 MF and 53% residual for 36mo, 15K/yr. 55% residual would be for 12K/yr.

    If I add 6.25% tax and $795 acquisition fee to the selling price.. for a CAP cost of $56,838, I get $840/mo. (with 55% residual)

    Frankly, $2000 off MSRP doesn't seem like much of a discount... and, of course, no way of knowing what money factor they are actually using. Even the advertised deals assume a $2200 discount.. I would think you could do a lot better than this.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • mkr3250mkr3250 Posts: 4
    Thanks. Closer review of my emails shows a $3000 off MSRP bringing the price to $51,700. What is the payment at this price point for the 36 mo lease? What is a reasonable amount to negotiate "off" the MSRP? I am very new to negotiating my own car deal and find this all very overwhelming. I don't understand what all the monthly payment takes into consideration. Thanks again for your assistance!
    kyfdx said:

    mkr3250 said:

    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.

    .00111 MF and 53% residual for 36mo, 15K/yr. 55% residual would be for 12K/yr.

    If I add 6.25% tax and $795 acquisition fee to the selling price.. for a CAP cost of $56,838, I get $840/mo. (with 55% residual)

    Frankly, $2000 off MSRP doesn't seem like much of a discount... and, of course, no way of knowing what money factor they are actually using. Even the advertised deals assume a $2200 discount.. I would think you could do a lot better than this.
  • mkr3250mkr3250 Posts: 4
    Sorry - need to correct myself.

    MSRP - $55,700
    Offer @ 52,700

    What does "CAP" mean?
    mkr3250 said:

    Thanks. Closer review of my emails shows a $3000 off MSRP bringing the price to $51,700. What is the payment at this price point for the 36 mo lease? What is a reasonable amount to negotiate "off" the MSRP? I am very new to negotiating my own car deal and find this all very overwhelming. I don't understand what all the monthly payment takes into consideration. Thanks again for your assistance!

    kyfdx said:

    mkr3250 said:

    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.

    .00111 MF and 53% residual for 36mo, 15K/yr. 55% residual would be for 12K/yr.

    If I add 6.25% tax and $795 acquisition fee to the selling price.. for a CAP cost of $56,838, I get $840/mo. (with 55% residual)

    Frankly, $2000 off MSRP doesn't seem like much of a discount... and, of course, no way of knowing what money factor they are actually using. Even the advertised deals assume a $2200 discount.. I would think you could do a lot better than this.
  • MichaellMichaell ColoradoPosts: 170,586
    mkr3250 said:

    Thanks. Closer review of my emails shows a $3000 off MSRP bringing the price to $51,700. What is the payment at this price point for the 36 mo lease? What is a reasonable amount to negotiate "off" the MSRP? I am very new to negotiating my own car deal and find this all very overwhelming. I don't understand what all the monthly payment takes into consideration. Thanks again for your assistance!

    kyfdx said:

    mkr3250 said:

    Hi - I was quoted this price after much back and forth:

    2015 ML350 AWD
    $52,700 (sticker: $54,700)
    36 mo lease/15K miles per year
    36 mos: $887/mo; 55% residual
    42 mos: $877/mo: 47% residual

    Out of pocket = first payment + $254 title

    I appreciate your thoughts on this and if I am getting the "right" quote.

    Thanks.

    .00111 MF and 53% residual for 36mo, 15K/yr. 55% residual would be for 12K/yr.

    If I add 6.25% tax and $795 acquisition fee to the selling price.. for a CAP cost of $56,838, I get $840/mo. (with 55% residual)

    Frankly, $2000 off MSRP doesn't seem like much of a discount... and, of course, no way of knowing what money factor they are actually using. Even the advertised deals assume a $2200 discount.. I would think you could do a lot better than this.
    Read back through the last page or two of posts to see what others have been able to negotiate off sticker price.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • vinod1106vinod1106 Posts: 1
    edited June 2015
    Here is the quote from the Dallas Texas dealer for 2015 ML 350 front wheel drive:

    MSRP: $60,525
    Negotiated Price: $55,525
    Sales Tax: 6.25% = 3470.31
    Registration etc: + $55,525+ sales Tax= $59,438.72

    MI= .00148 Residual= 55%

    With 2K down, 12K miles/year 36 months lease payments are S859.18

    Please let me know if it is a good deal?



  • kyfdxkyfdx Posts: 176,147
    vinod1106 said:

    Here is the quote from the Dallas Texas dealer for 2015 ML 350 front wheel drive:

    MSRP: $60,525
    Negotiated Price: $55,525
    Sales Tax: 6.25% = 3470.31
    Registration etc: + $55,525+ sales Tax= $59,438.72

    MI= .00148 Residual= 55%

    With 2K down, 12K miles/year 36 months lease payments are S859.18

    Please let me know if it is a good deal?



    The base money factor for this model is .00111. The money factor markup is adding about $35/mo. to your payment.

    Don't know how your $2K upfront is broken down, but the base acq.fee is $795. They have likely marked that up, as well.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • tallmasstallmass Posts: 43
    looking for current/july MF and residual for 2015 ML350 36m/12k for southern california. thank you!
  • mts245mts245 Posts: 7
    Like to know the June money factor and residual for a 2015 ML350 4matic, 36 mo/10000 in Madison, CT.
  • MichaellMichaell ColoradoPosts: 170,586
    tallmass said:
    looking for current/july MF and residual for 2015 ML350 36m/12k for southern california. thank you!
    .00111 and 55%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 170,586
    mts245 said:
    Like to know the June money factor and residual for a 2015 ML350 4matic, 36 mo/10000 in Madison, CT.
    .00111 and 56%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hi,
    I have been quoted the following
    Vehicle price = 58045
    Selling price = 53500
    Trade in = 7500
    Cost = 46000
    Tax 3990
    MF = .0144
    Residual 55%

    Monthly 593 with trade in or 447 with 5K down+trade in

    Is this a good deal?

  • MichaellMichaell ColoradoPosts: 170,586

    Hi,
    I have been quoted the following
    Vehicle price = 58045
    Selling price = 53500
    Trade in = 7500
    Cost = 46000
    Tax 3990
    MF = .0144
    Residual 55%

    Monthly 593 with trade in or 447 with 5K down+trade in

    Is this a good deal?

    No.

    Base MF for the ML350 is .00099, so the dealer is marking that up on you.

    We absolutely do not recommend using trade equity or down payment to lower your payment .. if the vehicle is stolen or totaled during the lease, you lose that money.

    Is this Texas, Georgia or Maryland? Those are the only states I know of that tax the entire selling price and make you pay it up front (or add it into the cap cost).

    Using the base MF and a net cap cost of $57,490, I get a payment of $799/mo. You might be able to shave more off the selling price.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.