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

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  • mick67mick67 Member Posts: 1
    ML350 2011 4matic

    msrp $57600
    premium pac 1
    rear entertainment
    alum running board with rubber
    lease 48 months

    $639 with 1560 down including 1st month payment

    p.s was existing customer with ml350 2007 lease up .

    is it good deal or bad (live in new york)
  • urhelpplsurhelppls Member Posts: 2
    Leasing a 2011 ml 350 p1 package msrp is 52,205. The lease is for 36 months 15k miles a year. 3000 down and a monthly pymt of 638. How much more can I work this down?
  • armani335iarmani335i Member Posts: 19
    Try 48 month with the same selling price if you don't mind. That seems more of a "sweet spot" this month.

    BTW, I am trying to go for 48 month, minimum drive off (around 1700) for about 530 including LA county sales tax. Although mine is 10k/year, your quote seem a little too high. If you are in socal, let me know.
  • storm10storm10 Member Posts: 261
    This article is the first I've seen so far with complete specs about new body for 2012 ML: 2012 Mercedes-Benz M-Class changes and updates: New Generation!.

    And it will be released in about 4 months! Maybe you need to hold your horses and wait for a new model. When 2012 ML will be released - it will the highest possible residual value, so it actually may lease for about the same payment, if not better, as 2011 model.

    The best lease for current 2011 ML is for 48 months. It means - you will stuck driving the old body for 4 years...Think about it...
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi ljm301. The selling price that you were quoted looks great. Just make sure that the dealer that you're working with uses MB Finance's current buy rate lease money factor of .00134 (for top tier customers) to calculate your monthly payment and you're in business.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi chasieboy1. Both this truck's money factor and selling price look good to me. I personally don't think that there's much more room to negotiate here.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're welcome armani335i.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Yes.

    Car_man
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  • mlevinemlevine Member Posts: 581
    Wait for the 2012 if one is going to lease due to high residual values. Money factors for mercedes are usually not so good. If one is looking to buy, there may be good deals available in the next few months on 2011. Many vehicles are still in Alabama factory waiting for parts due to unfortunate devastation in Japan.
  • storm10storm10 Member Posts: 261
    What does Mercedes-Benz has to do with Japan?
  • budsjpbudsjp Member Posts: 25
    Ordered mine in January with an expected delivery date of first week of April. Actually received on 23 April. Dealer said the delay was the navigation system which was made in Japan and that there are some 16000 ML's in Alabama awaiting parts (assuming none of them were damaged by the storms of two days ago).
  • mlevinemlevine Member Posts: 581
    I am trying to locate the exact color and options from the Alabama factory that is already built that is waiting for a few parts and sensors prior to shipment. I want a 4matic which local dealers do not order enough as the prefered models are RWD. I am also waiting to see if any incentives are available this month.
  • drkeyurdrkeyur Member Posts: 1
    Hi friends, I got the following offers for 2011 ML 350 AWD and bluetec... both with P1 and bunch of other stuff..
    1)ML350 AWD.. MSRP: 55110, negotiated price 52815, lease 27months, RV 61%, MF 0.00039, upfront 5104, 664.15/month(including..)

    2) Bluetec- MSRP: 57505, negotiated price 55041, lease 27 months, RV 70%, MF 0.00134, upfront 3884, monthly 633.07 (including...)

    I have a question.. why would there be a huge difference in the MF???

    thanks...
  • armani335iarmani335i Member Posts: 19
    I don't know where you live, but don't ever go for that deal. Super ripoff!! With that much down, I will try to get another 100 off the minthly payment. Also, if you don't mind, try going for longer lease for AWD, but stay on shorter lease for the Bluetec.
  • armani335iarmani335i Member Posts: 19
    I think the residual will not be so high for the first several months of the sale. They normally see how the market is reacting before bumping up the residual. On top of that, they will offer regular mf, no incentives and no diascount, which makes them very unattractive lease deals. You will not get 500 range deals for them guranteed! E class was a good example.
  • amishamish Member Posts: 4
    2 options. ML3504matic, P1 pkg, heated seats, all taxes included. 2k down, $527.00 48 months lease 10k miles, 3 yrs 36 month maint included. or 42 months at 559/month same terms.

    Need to make a decision tomorrow and I feel like it's a great deal. BTW-MSRP was 55,475 and price was 49500.

    Wasn't easy to get this, but I think it's a winner. Please advise.
  • armani335iarmani335i Member Posts: 19
    Not bad at all but you can do few hundred dollars better. I'm sure your price include conquest.
    Make sure that the bank fee is 795 and the mf is at buy rate.

    I ended up getting e class for 520 month plus tax with minimum drive off.
  • captpurcaptpur Member Posts: 1
    I was quoted 735. per month w/ 2k down for 39 mos for 2011 ml350 w/ p1 package, running brds, etc., total msrp of 57000. Most deals on this site seem to be for under 600. per month. When I mentioned this site and the numbers discussed here, sales person looked at me as if I had 3 heads. What gives. What should a ml350, 2011 w/12k miles per year and 2k down on a 57k vehicle cost per month over 39 months. Please help.
  • 118eagle118eagle Member Posts: 1
    Car_man
    what is the MAY MF and residual for 2011 ML350 4MATIC with P1 pkg - 36 mos and 12k miles and also for 48 mos and 12k miles? Thanks..
  • amishamish Member Posts: 4
    edited May 2011
    I picked up the car on Thurs, and these were the Final #s. 48 month Lease, 10k miles, 2k down, 509/month. ML350, P1 pkg, side boards, burl walnut, and a few other minor features with 3 yr 30k miles prepaid maint included. Total MSRP was 56725 and played 2 dealers against each other. You should be able to get this car for 550-600 range with 12k miles. I live in NC, so if you need a dealer here let me know. They can always ship it to you.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi 118eagle. Here's the information that you're looking for. Mercedes-Benz Financial's May buy rate lease money factor and residual value for a 36 month lease of a 2011 ML350 4Matic with 12,000 miles per year are .00026 and 52%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48 month lease are .00026 and 46%.

    Car_man
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  • tampa_ajntampa_ajn Member Posts: 9
    Been shopping lease prices, just got this offer:

    P1 package, roof rack, running boards, RWD only (not 4matic) 42 mo. 12K mi/year, $2K down. MSRP $52615 . (allegedly I get a $3500 USAA rebate too). Not sure what the bottom line price is they are using, I was just sent the basics, waiting to hear what actual negotiated price is that they used, as they didn't send me the RV as a %...
    MF .00087
    RV $26271
    $585/month.

    The payment does not seem outrageous considering other posts but the MF seems so high.???? I want to negotiate down closer to $510ish.
    Any thoughts?
  • tampa_ajntampa_ajn Member Posts: 9
    Replying to my own message.

    MSRP $53,615, negotiated price $50,615. $3500 USAA rebate (given to USAA insurance members), net cap price $47615. MF .00085, residual 49%. No money down. $629/mo.

    w/ $2000 down, $585/mo.

    Want to pick up the car tomorrow AM, so any feedback would be great before then!
  • amishamish Member Posts: 4
    it's not a good deal. I got 509/month on a ML3504matic, P1 pkg, with 2k down. My car was 56725, and got it for 49250. Play 2-3 dealers against each other. It's end of the month. I live in Charlotte, if you need a dealership here let me know. They can get a car from anywhere.
  • tampa_ajntampa_ajn Member Posts: 9
    Has anyone bought a 2wd? The MF is higher on the 2wd but all these posts are for 4matic.

    My above payment of $644 is with NO money down and all taxes included for FL. 42 mo. 12k/miles. MF .00087

    Or can put $2000 down, again all taxes incl. same other terms. $585.

    I am so confused about the difference from buying a 4matic compared to the 2WD.
  • roxannekroxannek Member Posts: 1
    Hi there. Can you please let me know who your NC dealer is! Thanks!
  • amishamish Member Posts: 4
    Speak to Jeff James at Mercedes Benz of South Charlotte.
  • onayunonayun Member Posts: 2
    Hi,
    Would someone be kind enough to let me know if the following is a good deal? Thanks

    Based on tier 1 credit, selling the ML350W4 for $49,900 ( msrp $56005), 15,000 miles per year, $3,000 down and payment at $620 plus tax. the lease is for 33 months.

    Original specification sheet with list of options and pricing

    ML350W4 $48,990
    040 Black
    151 Black MB-Tex
    P01 P01 Package: Auto-Dimming Mirrors, COMAN $4,000
    R39 19" 5-Spoke Alloy Wheels (255/50) H
    550 Trailer Hitch - 7,200 lbs. (Class III) $550
    731 Burl Walnut Wood Trim
    846 Brushed Aluminum Running Boards w/Rubber $670
    866 Rear Seat Entertainment Pre-Wiring $170
    873 Heated Front Seats $750

    SUBTOTAL $55,130
    DESTINATION & DELIVERY $875
    TOTAL $56,005
  • storm10storm10 Member Posts: 261
    This deal is not bad. However you can significantly lower your monthly payment if you lease for 48 months instead of 36 months...

    Another thing to consider, 3 months from now, brand new 2012 ML comes out. New generation, completely redesigned. So if you lease right now - you'll be driving the old body style for the entire lease!

    New ML looks amazing. You can see the picture gallery here: 2012 New ML.
  • kyfdxkyfdx Moderator Posts: 236,760
    The 2011 ML has a relatively cheap lease, though... the new 2012 might (probably) be 100s of dollars more per month to lease..

    The latest and greatest is nice to have... but, you usually have to over-pay for it... ;)

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  • onayunonayun Member Posts: 2
    Thank you everyone for your input. Here is what I ended up with:
    48 months, 15k/year, MSRP at $56,005.00. Drive off is $3000 and monthly payment after taxes and fees is $579.35. I think it's by far the best deal. I realize that the warranty is for 5 years & 50k, which leave me with 10k without the warranty, but I think I will be ok.
  • happybuyer11happybuyer11 Member Posts: 10
    Hi, everyone,
    Here is my give back to the community.
    I know the new ML350 model is coming out but this also means it is the best time to lease a 2010 ML350 now.
    I am in SoCal and I got a great deal at Arcadia Rusnak. Ask for Payam there.
    400 for 33 months/7500 miles. 4000 down. Premium navigation package. All fees and tax included!!!!!!!!
    Lease disposition : 595 (If u lease another Benz then you do not pay that)
    I own a Lexus HS250 so I get some discount for Benz Conquest program.

    I am the most picky, shameless, and cheap buyer out there.
    I have shopped around for SUV of Acura MDX, Lexus RX, Buick enclave and finally ML350. I like the truck space and brake technology of Benz.
    Most sales I dealt with are very useless. They do not know much about the car other than being a message boy for price.
    However, the Benz sales person I dealt with, Payam is really an exceptional sales person. He answered all the technical questions I want to know about navigation and safety issues. During the negotiation, he did his best to comfort me and my wife.
    I used Internet bidding but then I found I still had to deal with the sales person and then manager. So I do not get a more "direct" access to by pass the sales layer to buy a car.
    By the way, I also dealt with Car brokers. A car broker can deliver the car to your home and you dont pay until the last moment you pick up the car. So in a way you have nothing to lose.
    But my sales person, Payam was willing to work the extra miles to help me match the car broker's price. Most importantly, he help me avoid the broker fee of $299. Compare with a tyical sales who often "up" the price first, Payam was exceptionally being honest. It saved time.
    I still walked away from the deal because Benz did not want to get my 140,000 miles Celica for $4000 down payment.
    Then I sold my Celica for 3800 cash and went back.

    Of course being a shameless buyer I am, I walked out again from financing room when I heard that Benz will void the warranty if I do not use dealership for service......
    Finally, when I confimed the truth about Benz's warranty, I went back to the dealership to seal the deal.
    Before my car left the lot, I apprecaited Payam spent a lot of time to show me all the features of my new SUV. I purchased Lexus and Inifinity in the past but never experienced such good service from a sales person.

    The design of the dealership is to catch us off guard and suck our payment as much as it can from our bottom line number. Nowadays even many sales are not playing "good cops" anymore. I am letting the sales make thousands $ of profit so I want them to always be gentally no matter what I say, bring me water, explain all car features in 1 second without looking or asking aronud, answer my email promptly, and comfort me when I am not getting my price.
    I am glad that I met good one at the end.

    I hope my post helps. Edmounds helps me a lot.
    If you have any question, send me your email. I got 4 brands of SUV offers from many dealerships.....
  • sallyhatssallyhats Member Posts: 1
    Hello all,

    Im in the market for a new car and I dont know anything about lease rates or incentives. I live in brooklyn, NY so we have a lot of leasing agencies here. I was quoted on a ML350 4 matic for 389.99 plus 2300 out of pocket for bank, title, first month, and tax. If this deal is not plausible I dont want them running my credit. This is also a respected leasing agency and know quite a few people that dealt with them. I just feel like this 389.99 is way lower than anything ive seen or read.

    it is the basic ML350 4matic with no packages. I would wait for the 2012 but i honestly dont want to pay 600 a month for something that i can get for 390. Any input would be greatly appreciated.
  • tampa_ajntampa_ajn Member Posts: 9
    WHAT???!!!??? Under $400 out the door? Never seen it. How many months and how many miles/year? I guess if no packages, although I am not sure what a basic is... leather, sunroof, NAV?
  • darma2011darma2011 Member Posts: 12
    edited June 2011
    Ml 350 2011. msrp 52k, $550 drive off, $553 /mo. Including tax, 33 mo. Lease, 12k miles. Since the 2012s are out soon I figure I might be able to go lower. Any suggestions? My appt with dealer is at 9am pst.
  • kyfdxkyfdx Moderator Posts: 236,760
    No idea if you can get lower, but that's a great deal for a $52K vehicle, as it stands now..

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  • bri75bri75 Member Posts: 2
    kyfdx or car_man: Do either of you know the buy rate lease money factors and residual values for June 2011 (e.g. 2011 ML350, 4MATIC, 36 month lease, 10,000 miles)? Money factors have been really low (which is really good!) the past few months; do you expect them to change for July or August 2011? Thanks.
  • darma2011darma2011 Member Posts: 12
    Update on new deal. $507 drive off and $500/mo including tax. Same terms of 33 mo and 12k miles. Msrp $52k. They are also paying my current cars last payment and miles overage. I shall see tomorrow how this plays out.
  • jsalleyjsalley Member Posts: 2
    After reading these posts....I don't think I am being offered a good deal at all! Please look over the info and let me know what you think!
    ML350W2 MSRP $52,470
    Lease
    Base Payment (before taxes) $715.66 + taxes = $769.50
    Selling Price $49,345
    Terms 33 months
    Residual: $29,339.75
    Miles 15000
    Due at Signing: $769.50
    This seems alot higher than what you guys are paying.
  • darma2011darma2011 Member Posts: 12
    You can definitely lower the selling price. I had 2 dealerships who knocked it down by $9500. My final deal which I'm comfortable with will be a selling price of $41,119. The msrp is $52,085. That's almost $11k discount. Keep us posted.
  • jsalleyjsalley Member Posts: 2
    Wow, that is a big difference. Where is the dealership located that you used? I would really like to check that out.
  • darma2011darma2011 Member Posts: 12
    The deal went as promised. What helped me out was that I had a Lexus and through the conquest program they have going on this month they were able to knock off $4k for that alone. I requested my initial quotes through this website and only dealt with internet and fleet managers. Mercedes Benz of South Bay in Torrance, California is the dealership I went with. Be aggressive, you have nothing to lose.
  • craig1212craig1212 Member Posts: 20
    Great Job! I've been looking at leasing an ML and you by far have gotten the best deal around. Can you share what packages you got?

    Thanks so much.

    Best,
    Craig
  • darma2011darma2011 Member Posts: 12
    It's just the basic ml. I wanted navigation so we added the premium 1 package but that was it. Msrp was $52,085 to be exact.
  • craig1212craig1212 Member Posts: 20
    darma2011,
    Thanks for the quick reply. Basic w/ 4MTC?
  • darma2011darma2011 Member Posts: 12
    No, its not 4matic. I didn't feel I needed the 4 wheel drive plus I read that 2 wheel drive is more fuel efficient, don't know how true that is. Msrp on the 4matic is $2500 more.
  • craig1212craig1212 Member Posts: 20
    Thanks so much for sharing your info. Enjoy the new truck!

    Best,
    Craig
  • darma2011darma2011 Member Posts: 12
    No problem. Let us know what you get! :)
  • brianj7brianj7 Member Posts: 3
    Car_man, or anyone that can help.

    I need to know the mf for ml350 15k miles, for 33 month term and the residual. Also is it any different for the 4matic? What is conquest rebate as I am coming out of a Infiniti fx lease.

    I am offered the below, supposedly super deal because of end of month and have close the deal tomorrow by 2 pm.:

    ML350 2w msrp 53,264 sale price $49100
    33 month lease for $599 / month with $750 down +ttl
    Residual 55% $31105

    Please help ;)
  • darma2011darma2011 Member Posts: 12
    I think they can do better. My msrp was $52085 and I got it for just under $42k. My drive off was $507 and monthly payments were going to be $500/mo including tax but I accepted the 10k, 20k, 30k mile service. That brought my payment to $525 per month. I heard maintenance can run over $1k for the 10,20,30k miles. Also don't forget the 2012 models will be redesigned so that should help with the negotiating.
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