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

1234568»

Comments

  • MichaellMichaell ColoradoPosts: 170,656
    sumit76 said:

    Thanks. Just realised that my current visa is valid till 2017 ( not a permanent resident yet) and the dealer is now working on a 24 month numbers. Would you have the 24/10 numbers for 4matic. I am guessing it would work out slightly more expensive overall considering the fees and all would be same regardless whether it is 36 or 24

    Same MF, but residual jumps to 61%. Probably a wash with the shorter term but less time to amortize the fees so yes, perhaps a bit more expensive overall.

    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

  • caindcaind Posts: 37
    I received an offer on a 2015 ML350. MSRP $65,280
    Sale Price: $56,885
    DMV Fee: $47.00
    Doc Fee: $200
    Tax: $3,853.24
    Maintenance: $1,475


    27 Month: $902.86- month/$37,383 Residual
    36 Month: $804.84- month/$34,045 Residual
    *15,000 miles per year

    Monthly payment seems really high for an ML350. Any feedback?

  • kyfdxkyfdx Posts: 176,188
    caind said:

    I received an offer on a 2015 ML350. MSRP $65,280
    Sale Price: $56,885
    DMV Fee: $47.00
    Doc Fee: $200
    Tax: $3,853.24
    Maintenance: $1,475


    27 Month: $902.86- month/$37,383 Residual
    36 Month: $804.84- month/$34,045 Residual
    *15,000 miles per year

    Monthly payment seems really high for an ML350. Any feedback?

    Yeah.. way too high.

    Which state is this?

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

    Edmunds Moderator

  • Just got this pricing:

    36/12 lease

    MSRP: 60,515
    Selling Price: 48,691
    DMV Fees: 367
    Doc Fees: 132
    Destination Fee: 1,000
    MF: .00129

    Payment: 616

    He says wont got lower on the MF because it is a loaner?

  • robert_h2 said:

    Just got this pricing:

    36/12 lease

    MSRP: 60,515
    Selling Price: 48,691
    DMV Fees: 367
    Doc Fees: 132
    Destination Fee: 1,000
    MF: .00129

    Payment: 616

    He says wont got lower on the MF because it is a loaner?

    It has 3,200 miles on it.
  • robert_h2 said:

    robert_h2 said:

    Just got this pricing:

    36/12 lease

    MSRP: 60,515
    Selling Price: 48,691
    DMV Fees: 367
    Doc Fees: 132
    Destination Fee: 1,000
    MF: .00129

    Payment: 616

    He says wont got lower on the MF because it is a loaner?

    It has 3,200 miles on it.
    In New Jersey
    1900 out of pocket including 1st month payment
  • kyfdxkyfdx Posts: 176,188
    robert_h2 said:

    robert_h2 said:

    robert_h2 said:

    Just got this pricing:

    36/12 lease

    MSRP: 60,515
    Selling Price: 48,691
    DMV Fees: 367
    Doc Fees: 132
    Destination Fee: 1,000
    MF: .00129

    Payment: 616

    He says wont got lower on the MF because it is a loaner?

    It has 3,200 miles on it.
    In New Jersey
    1900 out of pocket including 1st month payment
    .00099 MF and 51% residual.
    Of course, residual will be lowered to account for the present mileage.

    Not sure that being a loaner has anything to do with the MF markup. A markup is a markup.
    Are you sure the $1000 is destination fee? I'd guess that is the acquisition fee (also marked up from $795).

    It's hard to say how good a deal it is, because there is that giant discount from MSRP. But, if you could get the MF dropped to base and also the acquisition fee, it would lower the payment by $30/mo.

    All that said, that's a pretty good payment for a $60K MSRP vehicle.

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

    Edmunds Moderator

  • caindcaind Posts: 37
    Ohio
  • caindcaind Posts: 37
    Based on the numbers, where should my quote be?
  • caindcaind Posts: 37
    I received an offer on a 2015 ML350. MSRP $65,280
    Sale Price: $56,885
    DMV Fee: $47.00
    Doc Fee: $200
    Tax: $3,853.24
    Maintenance: $1,475


    27 Month: $902.86- month/$37,383 Residual
    36 Month: $804.84- month/$34,045 Residual
    *15,000 miles per year

    Monthly payment seems really high for an ML350. Any feedback?

    Also, are the residual numbers inflated? If so, what should my payments be?
  • kyfdxkyfdx Posts: 176,188
    caind said:

    I received an offer on a 2015 ML350. MSRP $65,280
    Sale Price: $56,885
    DMV Fee: $47.00
    Doc Fee: $200
    Tax: $3,853.24
    Maintenance: $1,475


    27 Month: $902.86- month/$37,383 Residual
    36 Month: $804.84- month/$34,045 Residual
    *15,000 miles per year

    Monthly payment seems really high for an ML350. Any feedback?

    Also, are the residual numbers inflated? If so, what should my payments be?

    Residual numbers are set by the bank. They can't be altered by the dealer.

    Your tax for a purchase in Ohio is not relevant for a lease.
    They throw a bunch of numbers at you, and then give you a lease payment, with no information on how they got there. Ohio does collect tax upfront on a lease, but it is based on the sum of payments, not on the selling price. I would ask for the net CAP cost.

    The 36 month term is definitely the best.
    .00099 MF and 51% residual for 36mo, 15K/yr.

    With just first payment and fees upfront, I get $725/mo.+tax..
    Even though your discount seems big, this is an outgoing model and you might be able to do better on the sale price. I would shop around

    One nice thing about Mercedes is that maintenance plan is residualized, which lowers the cost.

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

    Edmunds Moderator

  • caindcaind Posts: 37
    edited November 2015
    Here is another quote I received on a demo with miles. I have been very disappointed with the quotes that I have received, considering the vehicle is last years model and we are now into the MB Winter Month event.

    $64,225 is the sticker price:



    Lease would be as follows (3,500 Miles on the car):

    24 months x 929 (includes Fairfield County taxes)
    15k miles per year
    $2278 total @ signing (includes 1st payment, $995 bank acquisition fee and OH doc fee)

    Or

    36 months x $789 (included Fairfield County taxes)
    15k miles per year
    $2125 total @ signing (includes 1st payment, $995 bank acquisition fee and OH doc fee)
  • sumit76sumit76 Posts: 7
    edited November 2015
    robert_h2 said:
    Just got this pricing: 36/12 lease MSRP: 60,515 Selling Price: 48,691 DMV Fees: 367 Doc Fees: 132 Destination Fee: 1,000 MF: .00129 Payment: 616 He says wont got lower on the MF because it is a loaner?


    Could you please share the dealer details. Wondering if the dealer has more such vehicles

  • MichaellMichaell ColoradoPosts: 170,656
    edited November 2015
    caind said:

    Here is another quote I received on a demo with miles. I have been very disappointed with the quotes that I have received, considering the vehicle is last years model and we are now into the MB Winter Month event.

    $64,225 is the sticker price:

    Lease would be as follows (3,500 Miles on the car):

    24 months x 929 (includes Fairfield County taxes)
    15k miles per year
    $2278 total @ signing (includes 1st payment, $995 bank acquisition fee and OH doc fee)

    Or

    36 months x $789 (included Fairfield County taxes)
    15k miles per year
    $2125 total @ signing (includes 1st payment, $995 bank acquisition fee and OH doc fee)

    Not enough information to comment -

    What is the negotiated selling price - or better yet, the net cap cost?

    The 3500 miles should allow you to get a better price, but those same miles will be deducted from the calculated residual.

    Bank fee is marked up from the $795 base.

    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

  • I just got a quote for a ML 350. (New Jersey)

    MSRP: $61225 (loaner, 8890 miles on the car)

    Net cap: $49492.74

    Residual: 53% at 12000 miles per year (But, the residual reduced to 52.375% due to the mileage)

    Rate: .00089 with auto deduction

    $556.64 per month with $3414.51 due at signing for 1st month, taxes, dmv, and fees.

    In addition to this, the dealer asked 20 cent per mileage over 3,000. Thus, I need to pay 5890 (=8890-3000) x .20 = $1178. They said that MB Finance charges this fee.

    1. I really like the deal itself although there is about 9,000 miles on the car. However, do I really have to pay the over mileage fee I did not use?

    2. They also suggested a 4/40000 maintenance plan at the price of $22 per month. Is it worth?

    Thanks.

    Love54879
  • kyfdxkyfdx Posts: 176,188
    love54879 said:

    I just got a quote for a ML 350. (New Jersey)

    MSRP: $61225 (loaner, 8890 miles on the car)

    Net cap: $49492.74

    Residual: 53% at 12000 miles per year (But, the residual reduced to 52.375% due to the mileage)

    Rate: .00089 with auto deduction

    $556.64 per month with $3414.51 due at signing for 1st month, taxes, dmv, and fees.

    In addition to this, the dealer asked 20 cent per mileage over 3,000. Thus, I need to pay 5890 (=8890-3000) x .20 = $1178. They said that MB Finance charges this fee.

    1. I really like the deal itself although there is about 9,000 miles on the car. However, do I really have to pay the over mileage fee I did not use?

    2. They also suggested a 4/40000 maintenance plan at the price of $22 per month. Is it worth?

    Thanks.

    Love54879

    Mercedes must have a limit for demo/loaner mileage.. Anything up to 3000 miles is covered by that residual reduction, but over that, it has to be paid upfront. It's really no different than if they further reduced the residual to account for those miles. Adding it to the CAP cost or reducing the residual has nearly the same effect. You have to assume that your discount is bigger that it would be, if it had less miles.

    The overall deal looks pretty good. I'd roll that mileage fee into the CAP cost, rather than pay it upfront.
    Some dealers are able to residualize the maintenance plans, reducing the monthly cost. Ask your dealer if they can do that. I generally don't like buying maintenance plans, but $800 for three years on a Mercedes seems pretty cheap.

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

    Edmunds Moderator

  • Thanks a lot, kyfdx!
    It was very helpful.
  • Hi

    i understand this is a lease forum. I just have a quick question if someone can help answer. I recently got a ML350 financed and registered in NJ. I enquired about the registration charges and dealer first mentioned around $570 then changed it to around $800 saying NJ charges something called Luxury tax around $200

    how can I check what he actual fees is considering it is a government fees. 
  • kyfdxkyfdx Posts: 176,188
    sumit76 said:

    Hi

    i understand this is a lease forum. I just have a quick question if someone can help answer. I recently got a ML350 financed and registered in NJ. I enquired about the registration charges and dealer first mentioned around $570 then changed it to around $800 saying NJ charges something called Luxury tax around $200

    how can I check what he actual fees is considering it is a government fees. 

    It would be very unusual for a new car dealer to play around with government fees. The penalties are too great to risk the small amount of money they would clear.

    NJ does have a luxury tax. I'm not sure exactly how it works, but it kicks in around $50K MSRP. What your dealer is telling you seems reasonable and likely.

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

    Edmunds Moderator

  • Are the December programs out yet? Looking to lease an ML/GLE. Could you please provide MF for ML250/ML350 and GLE350/GLE300d, I prefer the 36 month lease with 7500 miles per year.

    Thanks!
  • MichaellMichaell ColoradoPosts: 170,656
    c300miami said:

    Are the December programs out yet? Looking to lease an ML/GLE. Could you please provide MF for ML250/ML350 and GLE350/GLE300d, I prefer the 36 month lease with 7500 miles per year.

    Thanks!

    GLE lease discussion can be found here ....

    http://forums.edmunds.com/discussion/36778/mercedes-benz/m-class/2016-mercedes-benz-gle-class-lease-questions#latest

    2015 model year:

    ML250 - standard MF and 59%

    ML350 - .00099 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

  • kyfdxkyfdx Posts: 176,188
    c300miami said:

    Are the December programs out yet? Looking to lease an ML/GLE. Could you please provide MF for ML250/ML350 and GLE350/GLE300d, I prefer the 36 month lease with 7500 miles per year.

    Thanks!

    ML250: Standard MF and 59% residual
    ML350: .00099 MF and 55%
    GL300: Standard MF and 62%
    GL350: .00092 MF and 58%

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

    Edmunds Moderator

  • Thank you, is there a 42 or 48 month special MF?

  • kyfdxkyfdx Posts: 176,188
    c300miami said:

    Thank you, is there a 42 or 48 month special MF?

    Afraid not... residuals aren't that good, either. 36 months is the sweet spot.

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

    Edmunds Moderator

  • caindcaind Posts: 37
    What is the residual and money factor for a 2015 ml350, 15,000 miles, 36 months, maintenance?
  • kyfdxkyfdx Posts: 176,188
    caind said:

    What is the residual and money factor for a 2015 ml350, 15,000 miles, 36 months, maintenance?

    .00099 MF and 51% residual

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

    Edmunds Moderator

  • Please share the MF and residual on ML63AMG
  • MichaellMichaell ColoradoPosts: 170,656
    gmh_rnw said:

    Please share the MF and residual on ML63AMG

    What lease term and how many miles per year?

    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

  • av1011av1011 Posts: 14
    Need MF and Residual values for the following:
    2015 ML 250d - 36 months 10k miles
    2015 ML 250d - 36 months 12k miles

    2015 ML 250d - 48 months 10k miles
    2015 ML 250d - 48 months 12k miles

    Thanks for your help.
  • Sorry about that - 12000 miles 36months
  • kyfdxkyfdx Posts: 176,188
    gmh_rnw said:

    Please share the MF and residual on ML63AMG

    gmh_rnw said:

    Sorry about that - 12000 miles 36months

    Standard MF and 52% residual

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

    Edmunds Moderator

  • kyfdxkyfdx Posts: 176,188
    av1011 said:

    Need MF and Residual values for the following:
    2015 ML 250d - 36 months 10k miles
    2015 ML 250d - 36 months 12k miles

    2015 ML 250d - 48 months 10k miles
    2015 ML 250d - 48 months 12k miles

    Thanks for your help.

    12K/yr. Add 1% for 10K/yr

    Standard MF and 57%/49% residual for 36/48 months

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

    Edmunds Moderator

  • asriramasriram Posts: 1
    edited December 2015
    could i please get MF and residual for 2015 ML400 4Matic 36month/15k miles. thanks
    located in South Carolina (Columbia)
  • kyfdxkyfdx Posts: 176,188
    asriram said:

    could i please get MF and residual for 2015 ML400 4Matic 36month/15k miles. thanks
    located in South Carolina (Columbia)

    Standard MF and 51% residual

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

    Edmunds Moderator

  • caindcaind Posts: 37
    How is pre-payment maintenance factored? Most dealers are rolling this number into the selling price. Is this standard?
  • kyfdxkyfdx Posts: 176,188
    caind said:

    How is pre-payment maintenance factored? Most dealers are rolling this number into the selling price. Is this standard?

    Yes, that's usual.

    Sometimes, dealers have been able to residualize the cost of maintenance, raising the actual residual, and helping to pay part of the cost.

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

    Edmunds Moderator

  • caindcaind Posts: 37
    Can anyone relay to me the MF and residual for January the following:

    I'm assuming the best deal is 36 Months?
    ML400 & ML350
    15,000 Miles per year
  • MichaellMichaell ColoradoPosts: 170,656
    caind said:

    Can anyone relay to me the MF and residual for January the following:

    I'm assuming the best deal is 36 Months?
    ML400 & ML350
    15,000 Miles per year

    350 - .00099 and 51%
    400 - std MF and 51%

    These numbers are good through tomorrow 1/4/16

    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

  • daddymaddydaddymaddy Columbus OHPosts: 25
    Caind. Try with MB north olmsted or mb ft mitchell i have leased 2 suv's ML350 and GL 350. Their price had way too much discount when compared to the local dealers in Columbus OH.
  • caindcaind Posts: 37
    Thank you daddymaddy. I reached out to them and they have limited stock available. I agree, I have never had success with Crowne or Germain. I am looking to lease an ML or a CLS. I've been swamped at work and haven't had a whole lot of time to negotiate. I am in Columbus as well.
  • caindcaind Posts: 37
    Does anyone have the January numbers yet? I'm assuming 36 month is the best deal again this month?

    ML350, 15,000 miles per year.
    ML400, 15,000 miles per year.
  • daddymaddydaddymaddy Columbus OHPosts: 25
    They both had 20 ML350's as of 12/31. hmm. Also Try MB of Bedford, they are very reasonable than the local dealers.
  • kyfdxkyfdx Posts: 176,188
    caind said:

    Does anyone have the January numbers yet? I'm assuming 36 month is the best deal again this month?

    ML350, 15,000 miles per year.
    ML400, 15,000 miles per year.

    .00099 MF and 51% residual
    Standard MF and 51% residual

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

    Edmunds Moderator

  • morekolmorekol Posts: 16
    looks like there are still some ML350s and ML400s left in the Los Angeles area, maybe the best time to buy that car? You happen to have the numbers for 36k/3 year lease for those 2 models? Thanks.
  • MichaellMichaell ColoradoPosts: 170,656
    morekol said:

    looks like there are still some ML350s and ML400s left in the Los Angeles area, maybe the best time to buy that car? You happen to have the numbers for 36k/3 year lease for those 2 models? Thanks.

    We no longer have any lease numbers for the 2015 M-class.

    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.