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2014 Mercedes-Benz CLS-Class Lease Questions

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  • pmw801pmw801 Member Posts: 123
    Thanks for the help. As far as tax is concerned. When do I add it to the cap cost? Because cap cost is involved in figuring out the rent and depriciation payment?
  • MichaellMichaell Moderator Posts: 241,029

    @pmw801 said:
    Thanks for the help. As far as tax is concerned. When do I add it to the cap cost? Because cap cost is involved in figuring out the rent and depriciation payment?

    Which state is this? Some states tax the payment monthly, others calculate the entire tax for the lease up front and either collect it at lease inception or add it to the cap cost, and still others (TX, IL, GA, MD) calculate sales tax on the entire cap cost (ouch).

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  • pmw801pmw801 Member Posts: 123
    New Jersey
  • pmw801pmw801 Member Posts: 123
    So I Google it. In new jersey take cap cost and subtract residual then multiply by 7% sales tax. Then this number I guess should be added to total amount paid during lease then divided by term of lease. Does this sound right?
  • pmw801pmw801 Member Posts: 123
    NJ
  • kyfdxkyfdx Moderator Posts: 236,830

    @pmw801 said:
    So I Google it. In new jersey take cap cost and subtract residual then multiply by 7% sales tax. Then this number I guess should be added to total amount paid during lease then divided by term of lease. Does this sound right?

    Exactly... Depreciation X tax rate = tax. Add tax to CAP cost (or, pay it upfront)

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  • cad4mecad4me Member Posts: 21
    kyfdx said:

    @pmw801 said:
    So I Google it. In new jersey take cap cost and subtract residual then multiply by 7% sales tax. Then this number I guess should be added to total amount paid during lease then divided by term of lease. Does this sound right?

    Exactly... Depreciation X tax rate = tax. Add tax to CAP cost (or, pay it upfront)


    NJ sales tax is calculated as follows, which was implemented sometime in 2005 (if not mistaken).

    (Depreciation plus Rent (financing/interest) plus Acquisition Fee plus any dealer fees such as Doc Fee) times Tax Rate = Tax
  • cad4mecad4me Member Posts: 21
    @‌ moderator

    I know this appears to be a very good deal but wanted to get your opinion.

    2014 CLS 550 4MATIC
    Previous loaner car with 8500 miles
    MSRP $84,870 (which I have a copy of)
    Selling Price initially told $68,900 then $67,900
    $649 monthly pre-tax payment
    10,000 miles
    36 months or 39 months
    Told 7,500 miles would reduce by about $20 (which makes sense if residual change is 1%).

    Using the residual and MF (figured out using nationally advertised deal on MB website), I arrive to $699 for 10k/39 mo with $67,900 selling price.

    Therefore, selling price must be about $66k according to my calculation.

    What do you think?

    Can you please give me standard MF and residual on 7,500 and 10,000 miles?

    Thanks
  • cad4mecad4me Member Posts: 21
    @‌ moderator

    Forgot to mention; zero cap cost at inception. They want acq fees, doc fees, mvs, lux tax and first month due at signing. Sales tax could be paid upfront or would be addition to the monthly $
    Therefore, $649 a month is pre-tax.
    Thanks
  • MichaellMichaell Moderator Posts: 241,029
    edited September 2014
    cad4me said:

    @‌ moderator

    I know this appears to be a very good deal but wanted to get your opinion.

    2014 CLS 550 4MATIC
    Previous loaner car with 8500 miles
    MSRP $84,870 (which I have a copy of)
    Selling Price initially told $68,900 then $67,900
    $649 monthly pre-tax payment
    10,000 miles
    36 months or 39 months
    Told 7,500 miles would reduce by about $20 (which makes sense if residual change is 1%).

    Using the residual and MF (figured out using nationally advertised deal on MB website), I arrive to $699 for 10k/39 mo with $67,900 selling price.

    Therefore, selling price must be about $66k according to my calculation.

    What do you think?

    Can you please give me standard MF and residual on 7,500 and 10,000 miles?

    Thanks

    The MF for the CLS550 4Matic is .00131 this month. 36/10 residual is 56%; add 1% for 7500 miles.

    Using the MSRP and a $66K selling price with the above numbers, I get a pre-tax payment of $661.85/mo (36/10) or $639.39/mo (36/7.5).

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  • jkherbert3jkherbert3 Member Posts: 8
    Is the MF for a 2014 CLS 63 the same .00131? I have been told by the dealer that a 36/10 residual is 55%. Per an earlier email, I believe the residual percentage is fixed by MBFS and cannot be altered.
  • jkherbert3jkherbert3 Member Posts: 8
    Tier 1 credit discount applicable, and should I get better terms if I offer a multiple security deposit (MSD)? Thanks!
  • MichaellMichaell Moderator Posts: 241,029
    jkherbert3 said:

    Is the MF for a 2014 CLS 63 the same .00131? I have been told by the dealer that a 36/10 residual is 55%. Per an earlier email, I believe the residual percentage is fixed by MBFS and cannot be altered.

    No - the MF for the CLS63 is the standard MB MF, ranging from .00195 to .00225. I confirm the residual for 36/10 is indeed 55% - cannot be altered by the dealer.

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  • MichaellMichaell Moderator Posts: 241,029
    jkherbert3 said:

    Tier 1 credit discount applicable, and should I get better terms if I offer a multiple security deposit (MSD)? Thanks!

    Yes, MSD will reduce the standard MF.

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  • jkherbert3jkherbert3 Member Posts: 8
    Thank you very much. Do you have any suggestions/recommendations regarding MSD for a 36 month lease on this vehicle?
  • MichaellMichaell Moderator Posts: 241,029
    jkherbert3 said:

    Thank you very much. Do you have any suggestions/recommendations regarding MSD for a 36 month lease on this vehicle?

    The more MSD's you make, the lower the MF. Beyond that, I'm not sure how much I can help.

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  • jkherbert3jkherbert3 Member Posts: 8
    I gather one can go as high as 10 MSDs. Is the impact on MF set by MBFS and predictable, or is it negotiated with the dealer?
  • MichaellMichaell Moderator Posts: 241,029
    jkherbert3 said:

    I gather one can go as high as 10 MSDs. Is the impact on MF set by MBFS and predictable, or is it negotiated with the dealer?

    Correct - max 10 MSDs - the effect is consistent and set by MBFS, but I don't know the per MSD discount.

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  • jkherbert3jkherbert3 Member Posts: 8
    Thank you. After posting my last question, I came upon this on another site from April of 2012:

    "Anyone know if “Super Tier” base rates (.00195) can be combined with multiple security deposits (10 max, .00007 reduction each) and auto-pay (.0001 reduction) to get a .00115 rate?"

    I will let the forum know if I can confirm that MBFS allows a .00007 reduction for up to 10 MSDs.
  • bliebman500bliebman500 Member Posts: 2
    Anyone know the MF and residual on a 2014 cls550 36/15 for the month of November?  Also,  are there any sort of cash incentives or lease promotions this month?  Wasn't sure if the winter program had any tangible benefits to the consumers I could take advantage of.  Thanks!
  • kyfdxkyfdx Moderator Posts: 236,830
    bliebman500 said:

    Anyone know the MF and residual on a 2014 cls550 36/15 for the month of November?  Also,  are there any sort of cash incentives or lease promotions this month?  Wasn't sure if the winter program had any tangible benefits to the consumers I could take advantage of.  Thanks!

    .00099 MF and 51% residual.

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  • socalsnakesocalsnake Member Posts: 1
    kyfdx, thank you for all the great info.

    What is the current MF and residual for a 2014 CLS550 in November for...
    36 month term @ 10k, 12k and 15 miles?

    Much thanks
  • kyfdxkyfdx Moderator Posts: 236,830
    socalsnake said:

    kyfdx, thank you for all the great info.

    What is the current MF and residual for a 2014 CLS550 in November for...
    36 month term @ 10k, 12k and 15 miles?

    Much thanks

    .00099 MF and 54%/53%/51% residual.

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  • scottamcscottamc Member Posts: 26
    How about 2015 cls550 @ 36 10k miles? Also any incentives?
  • kyfdxkyfdx Moderator Posts: 236,830
    scottamc said:

    How about 2015 cls550 @ 36 10k miles? Also any incentives?


    No numbers out yet for the 2015 model.

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  • scottamcscottamc Member Posts: 26
    Ok please post cls400 and cls550 when they come in
  • MichaellMichaell Moderator Posts: 241,029
    scottamc said:

    Ok please post cls400 and cls550 when they come in

    Probably not until next month...

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  • revtekniquesrevtekniques Member Posts: 13
    edited November 2014
    I leased a 2014 cls550 last year in CA. $83k msrp.

    purchase price: 71.5k
    paid $2600 up front.
    24mo lease. 7500/yr
    Base Monthly Payment: 883.43 before taxes.
    Monthly Sales/Use Taxes: 77.30

    Residual value $57,228.60

    Can anyone tell me what my MF and RV are?
  • kyfdxkyfdx Moderator Posts: 236,830
    revtekniques said:

    I leased a 2014 cls550 last year in CA. $83k msrp.

    purchase price: 71.5k
    paid $2600 up front.
    24mo lease. 7500/yr
    Base Monthly Payment: 883.43 before taxes.
    Monthly Sales/Use Taxes: 77.30

    Residual value $57,228.60

    Can anyone tell me what my MF and RV are?


    Residual is 69%. MF is somewhere around .00225

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  • judeb1judeb1 Member Posts: 36
    Hi, Looking to lease a cls550 2014 what's the current Residual . MF and money factor for 36/10, and 39/10 thanks.
  • judeb1judeb1 Member Posts: 36
    Tier 1 credit
  • kyfdxkyfdx Moderator Posts: 236,830
    judeb1 said:

    Hi, Looking to lease a cls550 2014 what's the current Residual . MF and money factor for 36/10, and 39/10 thanks.


    .00099 MF and 54% for 36mo, 10K/yr.

    I don't have any 39 month information for Mercedes

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  • judeb1judeb1 Member Posts: 36
    Hi, are the numbers available for Dec?
  • MichaellMichaell Moderator Posts: 241,029
    judeb1 said:

    Hi, are the numbers available for Dec?

    Yes, what model, lease term and miles per year are you looking for?

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  • judeb1judeb1 Member Posts: 36
    2014 CLS 550 , 36/10K
  • MichaellMichaell Moderator Posts: 241,029
    judeb1 said:

    2014 CLS 550 , 36/10K

    .00099 (RWD) or .00098 (4Matic). 54% residual for both.

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  • PF_FlyerPF_Flyer Member Posts: 9,372
    For current leasing information, go to 2015 Mercedes-Benz CLS Class Lease Questions
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