Leasing a 13 ML63
08-19-2012, 10:49 AM
#1
MBWorld Fanatic!
Thread Starter
Leasing a 13 ML63
I have tried to get quotes to lease an ML63, but the numbers I am seeing just seem off the charts to me. I am coming out of my 2010 Range Rover Sport Supercharged lease. Only paid minimum out of pocket (mostly deposit and bank charges) and am only paying $1,267 per month.
Without even trying to negotiate, my local BMW dealer quoted me $4000 out of pocket and $1330 per month for a loaded X5M
But I have gotten two quotes for in-stock ML63's (a 12 and a 13) for $8000 out of pocket (put taxes in inception) and over $1700 per month.
I have seen '12 E63's leasing out at $1,200 per month with not much up front.
Is the residual on the ML63 so poor that the least cost is so high, or am I just talking to the wrong dealers?
Without even trying to negotiate, my local BMW dealer quoted me $4000 out of pocket and $1330 per month for a loaded X5M
But I have gotten two quotes for in-stock ML63's (a 12 and a 13) for $8000 out of pocket (put taxes in inception) and over $1700 per month.
I have seen '12 E63's leasing out at $1,200 per month with not much up front.
Is the residual on the ML63 so poor that the least cost is so high, or am I just talking to the wrong dealers?
09-15-2012, 10:32 AM
#3
MBWorld Fanatic!
Thread Starter
Making it easier for me to just buy my 2010 Range Rover Sport Supercharged with 23k miles for the $37k buyout at the end of my lease. Blue book puts it at $51k, and I have a year left on the factory warranty. As much as I would love to replace it with an ML63, I just can't justify it at the costs I am seeing.
Heck - BMW dealer keeps trying to get me into a 2013 X5M for $1300 and $4k out of pocket. ML63 lease program is just not good. Too bad.
09-17-2012, 10:18 AM
#4
Member
Lucky you - I can't get anything under $1700 with $7500 out of pocket.
Making it easier for me to just buy my 2010 Range Rover Sport Supercharged with 23k miles for the $37k buyout at the end of my lease. Blue book puts it at $51k, and I have a year left on the factory warranty. As much as I would love to replace it with an ML63, I just can't justify it at the costs I am seeing.
Heck - BMW dealer keeps trying to get me into a 2013 X5M for $1300 and $4k out of pocket. ML63 lease program is just not good. Too bad.
Making it easier for me to just buy my 2010 Range Rover Sport Supercharged with 23k miles for the $37k buyout at the end of my lease. Blue book puts it at $51k, and I have a year left on the factory warranty. As much as I would love to replace it with an ML63, I just can't justify it at the costs I am seeing.
Heck - BMW dealer keeps trying to get me into a 2013 X5M for $1300 and $4k out of pocket. ML63 lease program is just not good. Too bad.
You need MSRP, residual (calculated against MSRP, even if you are paying less through discount), $ down/trade and interest factor (which is nothing but a decimal, that when multiplied by 2400, will give you the interest rate).
Then you will see if you are getting a fair deal, and/or how the dealer is making all of his money.
Regards,
Jerry
