Streamliner

I have a special order S550 sedan due to arrive in about a week. The dealer is quoting me the following lease deals. I would very much appreciate any constructive thoughts. Is this about the best I can hope for or should I press further? I feel that it's a pretty good deal, but what do I know? Also, the dealer is suggesting the 30 month as being the best deal, but I like the 36, as it will end around the end in December again, when the best deals seem to be had. So, what are your thoughts? Thanks and Merry Christmas to all on MBW.org!

MSRP – 115,975

Selling price after the USAA certificate - $102,475-which is a tad less than 12% off.

Money factor being used is .00150. The dealer says that it is their agency policy to mark this up from .00130.

30 months:
$3645.48 drive offs
29 payments remaining at $1460.07 plus tax = $1576.88 including tax based on 8% sales tax (10k miles per year)
$3685.08 drive offs
29 payments remaining at $1496.74 plus tax = $1616.48 including tax based on 8% sales tax (12k miles per year)
$3764.31 drive offs
29 payments remaining at $1570.10 plus tax = $1695.71 including tax based on 8% sales tax (15k miles per year)

24 months
$3760.61 drive offs
23 payments remaining @ $1566.68 plus tax = $1692.01 including tax based on 8% sales tax (10k miles per year)
$3810.66 drives offs
23 payments remaining @ $1613.02 plus tax = $1742.06 including tax based on 8% sales tax (12k miles per year)
$3910.76 drive offs
23 payments remaining @ $1705.70 plus tax = $1842.16 including tax based on 8% sales tax (15k miles per year)

36 months
$3663.82 drive offs
35 payments remaining @ $1477.06 plus tax = $1595.22 including tax based on 8% sales tax (10k miles per year)
$3696.48 drive offs
35 payments remaining @ $1507.30 plus tax = $1627.88 including tax based on 8% sales tax (12k miles per year)
$3761.79 drive offs
35 payments remaining @ $1567.77 plus tax = $1693.19 including tax based on 8% sales tax (15k miles per year)

ChuckinTucson

The 12% off seems like a good reduction. They probably aren't making a lot on the front end of the deal, thus they're trying to make it up on the MF. It works out to 3.12% to 3.6%. Although I think it's a little odd that they can play with the MF as I thought this is set by Mercedes Benz Financial Services depending on what tier credit you fall under.

The drive off should work out to just the first month's payment, plus tax, plus registration. I'm presuming there is no cap reduction on your part. If so, they have to charge 8% tax on whatever that amount may be if any. FYI this is not a good thing to do.

The residual value is definitely set in stone by MBFS.

emilner

Doesn't sound terrible. My sticker was $115,xxx and I put nothing out of pocket but first payment. With the tire and wheel insurance and 3 years paid service it came to $1650 a month all in for 12k a year. At that time USAA was only $1k....

Streamliner

I appreciate your comments. Merry Christmas!

clkcadet

I think you did alright, if you take either 30 or 36 months. For $10 more per month, 36 months is a great choice.

I just ordered mine last week, the lease is a bit lower, but my MSRP was $111k

johndong888

MF should have been at .0013

At bmw dealerships MF is one number that's always marked up and u have to haggle it down.

Overall looks like a great deal. Enjoy!

JasonMayes

money factor at .00150 is a great deal on a lease. Only marked up 20 points, thats a steal. THey'll almost never do it for buy rate, there would be no backend money. No flats on leases. I'd say thats a very very good deal.