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2013 and earlier-Mercedes-Benz M-Class Lease Questions
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Car_man
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Car_man
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Thanks
Do you have the buy rates on the leases on the M-class for October 2012 yet?
Thanks!
Car_man
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Car_man
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Thanks,
B.
Thanks for the information!
I'd like to know what the MF and residual value on a 36 month lease on a 2013 ML@12k per year.
Also, can anyone confirm that the 2013 is eligible for the conquest program??
I'm considering leasing a new 2013 ML 350 4matic arctic white or diamond white with package 1 plus lane tracking package and parktronic (could leave the parktronic if not available, but enjoy it on my current ML).
I'm not in a hurry to change car and think I will probably get the best rates for a lease in late Nov or December (tell me if I'm correct about this) but wanted to get an idea of what would be considered a good one for such vehicle right now.
I did get my previous 2 leases (MB R350 and current MB ML350) after checking on this web site that they were good deals and value your opinion.
I am planning to do most, if not all negotiating online since there is only one MB dealer where I live, in Tulsa, OK and they are not flexible at all
My local Tulsa dealer offered me a terrible deal both times, but researching online I got a great deal from a dealer in Kansas City who not only gave me a great deal but also delivered the car to me.
When online negotiating should I empathize my previous ML lease since it has such a low mileage that I think most dealers would be happy to get it to resale. I'm pretty sure that's why I got such a great deal on my current car, since my previous lease, an R350 was also immaculate and low mileage.
Also, I know I want a lease for 10k miles but do you advise me to go for 24 or 30 months?
Finally, I read about the "conquest" incentive. Although I currently lease a Mercedes, my husband drives a Lexus RX350, would that qualify us for that incentive? I should add that my local Lexus dealer is a pleasure to negotiate with and I will look into their line, but don't really think I want to go with them (love my MB engine).
Thank in advance for the help!
If your pay off on your current MB is low try to sell it and make some money.
Can't win both ways I think!
I will try to bring my husband's Lexus to get the extra discount.
It seems MB financial doesn't support any lease right now, right?
What would be a good/realistic monthly lease deal once they do support it, perhaps right after Thanksgiving, into Christmas?
The numbers for an otherwise identical 30-month lease are .00160 and 58%.
Car_man
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The 2013 ML-Class is indeed eligible for conquest certificates, specifically $1,500.
Car_man
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I think something is off in the numbers the dealer gave me for an ML350 lease. I qualify for the special 30 month lease they advertise on mbusa.com. My car MSRP is $56,800 and we settled on $55,200. It has a 63% residual according to the website and I believe you list the money factor as .00160. When I follow Edmunds math something is off. The dealer quoted me all included with the $5300 down (acquisition fee of $795, plus $3800 capitalized reduction, and one payment down), they come to a price of $805 a month. My state has 5% sales tax in this scenario on the 'use'.
My car is only $3200 more than the example on mbusa.com yet my payment is nearly $200 more a month! I know taxes play a small part, but that is maybe $35-40 on top of the payment. How should I proceed?
My previous ML350 4matic expires Dec31st.
I know I will qualify for the top tier lease offered by MBUSA.
Do you think I should look into leasing right now that the winter event started (it says good till Nov 30th), or do you anticipate (based on previous years) that a better lease will be offered in December?
Also what are the values (money factor and residual) for the winter event lease for a 2013 ML 350 4matic for 10k/year, interested in either 24, 30 or 36 months, whichever is best.
It's really hard for a woman to get good deals so I'm hoping to get some help from this forum as I did the past 2 leases
Planning to do most negotiating through emails. Can you tell me if I should mention that my previous lease ML 350 has super low mileage (only 21K right now)? And I also have a Lexus, so can I qualify for the "capture discount", competitive brand?
Let me know soon please as my situation is getting urgent.
Thanks in advance
Car_man
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Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36-month lease of a 2013 ML 350 4Matic with 10,000 miles per year are .00160 and 57% for consumers who qualify for its Tier 1 credit tier.
I suppose that it couldn't hurt mentioning that your current ML has very low mileage, but don't count on that doing anything for you.
Mercedes is not providing any conquest cash that I am aware of in November, but it does have $1,500 Winter Event certificates out there on this model.
Car_man
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I did contact my local dealer who told me he could get me $4500 discount on a car. I think it's not really good. What do you think? It's not exactly the car I want (has options i don't want, trailer hitch, keyless go and pre-wiring for rear seat entertainment, but not Parktronics, which i wanted) but close. He said he searched around the entire US and that's the closest to what I want. He found it in NY for $56,595 MSRP. He said the monthly payments are about $685-$695 with taxes included (about $52 I think, based on my last car lease).
He's talking about .0016 money factor and 57% residual (I told him I only wanted to hear about the lease supported in the Winter event, and I'm glad he gave me the correct numbers here) with $3,810 due at signing (that seems high too, I told him I'd want to put the least amount possible and he said it would be just taxes, acquisition fee and 1st month payment). I asked him to provide more details about the signing payment, especially the acquisition fee which I thought was supposed to be the $750 destination fee.
I am not planning on getting a new lease until late November, since my car payment isn't due till Dec 1st, but can wait till the end of December to get a better deal.
What do you think about the $4,500 discount, it's not enough right, especially if there is a special "winter event certificate"?
Any discounts for recurring MB lease customers?
Can you help me out with MF and Residuals for both 2013 and remaining 2012 ML350 Bluetecs at 12k miles a year? I see my nearest dealers still have 2012 stock on hand. Hoping there is a competitive deal to be had there. Do you happen to know if there are any big factory to dealer incentives to move out 2012's?
Thanks!
And what are the numbers for the Winter event for 30 month lease/10 and 12k and 36 month lease/12K?
Reviewing the past posts from other customers it seems I may get a better monthly payment (once the selling price is negotiated) on a shorter deal.
Thanks for your advice . Would never consider leasing without your input!
I was going to mention to the dealer that I know about the $1500 winter event certificate but not sure it's worth getting him more annoyed with me yet (I am questioning everything about the money due at signing and he's pissed off) since I think I should really wait till December to see if the supported lease gets better money factor or at least higher residual value. Also, this car isn't exactly equipped with what I want (has no Parktronics but instead has keyless entry, trailer hitch and pre-wired back seat for entertainment, which I don't even see in the list of possible option, and certainly don't want).
Although he says that's the closest to what i want available, I think I will ask him to take his time until late Dec. and find one closer to what I want, then mention the $1,500 certificate. However, he made it clear in his email that no matter what vehicle I go for he will give me $4,500 discount non negotiable (and acting like he's really doing me a favor). Getting a good lease is really more stressful than I want to and don't know if I'll do it again, probably not from MB dealers anyway. Got a surprisingly good deal last time but had to contact over 10 dealers before I got it.
I wish I could contact the sale's manager directly but right now I have been emailing back and forth with a car salesman and don't think I will be able to bypass him!
The sale's guy explained about the $3800 due at signing that $1095 is for the acquisition fee (is that fee negotiable?), the rest is regular 1st month payment, registration and taxes. I was surprised about paying the taxes in the signing payment as on my last lease I didn't pay any taxes at signing. But then I didn't buy it in OK but in MO so maybe that's why it's different. I told him I wanted to put the minimum down and he says this is the minimum.
I also had a question because in the advertised lease the monthly payments are $619 for a car of similar MSRP as what I am looking at, and with a "dealer participation" negotiated price that's actually higher than what my dealer is talking about. But when I pointed out that he's talking about $685 he said that it's because the $619 doesn't include taxes. So I'm not quite sure why I'd pay taxes both at signing as well as in the monthly payment. Do you have any idea about this?
I'm definitely going to take your advice about the sale' manager when test driving the Audi and probably the Lexus RX350 (although not sure I can do that since we already bought an RX 350 2 years ago, so I will probably be referred to the same sale's guy, who was not bad though).
Also, in my experience, even though I always "do my homework" and research the cars I am interested in really well, I never get a good deal in person since men generally don't take women seriously, and I always prefer negotiate through email (sometimes even pretending to be my husband!). Last time he got a call about the deal I was working on and had no idea what they were talking about!
I told him I know that MB pays the $1500 so the car invoice is basically reduced by this amount and would wait for better deals later in December. $3000 discount isn't serious right?
I saw that my current lease residual value is$29687. I checked the BB value and it seems to be considerably lower than what it's worth for a 2010 and 21,200 miles on it. This car runs like a dream (being French, responsive acceleration is my favorite part, I have a bit of a "lead" foot!;) )
I have 3 questions: I only have one last payment due Dec 1st on it. If I were to purchase it at the end of November, would I still need to make the last payment?
Also, is the price firm or is there room to negotiate? If yes, how much, especially if I bought it after having made all payments? Finally, who would I need to contact , how is this handled?
I only tried 2 dealers so far but pretty sad that it's this difficult to get a reasonable deal and started to panic about the fact that soon I will have no car if I don't find a good deal! It doesn't help that I'm in love with the ML and all other cars fail to impress me.
Am I right in assuming that we would have to pay taxes on the sale?
I personally think that a $4,500 discount on this car is very reasonable. The .00160 money factor that you were quoted is right on the money as well. This seems like a very straightforward dealer to me thus far.
Mercedes-Benz financial charges a $795 acquisition fee on every vehicle that it leases. This charge is different than the destination charge that appears on every vehicle.
Car_man
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The numbers for an otherwise identical 2012 model are .00160 and 60%.
Mercedes-Benz is providing $1,500 dealer cash certificates on some 2013 ML models as part of its "Winter Event." I am not aware of any huge cash incentives out there to help move the 2012 models.
Car_man
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Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 30-month lease of a 2013 ML350 4Matic with 12,000 miles per year are .00160 and 62% for consumers who qualify for its top credit tier.
The residual value for a lease with only 10,000 miles per year would be 1% higher.
36 to 39 months is probably the sweet spot for a lease on this truck right now.
Car_man
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Car_man
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Car_man
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So...... when you have them, will you please post the December buy rate MF and residual for a 24 month and 10K/year lease for a 2013 ML Bluetech.
Thanks in advance.
Does anyone have the money factor and residual for 24 or 36 month lease with 15k miles per year?