C218 CLS63, 2011 - 2019

November Lease Rates & Purchase Questions

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Old Nov 29, 2011 | 11:03 PM
  #1  
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November Lease Rates & Purchase Questions

Looking to get a 2012 CLS 63 AMG or 2012 E63AMG. Porsche lease is ending soon and they are sending offers (early lease end- about 3 months left) to get another Porsche but I would like to consider the CLS.

Did a phone call today and tried to do some research on the current lease rates. Not sure how accurate this is but trying to get as much information as possible. If anybody can confirm current and upcoming residual and money factor rates that would be appreciated.

Lease

November Rates
2012 CLS AMG - 36 Month/15k miles year - Residual 55%
2012 E63 AMG - 36 Month/15k miles year - Residual 55%

+2% for 12,000 Miles

Money Factor - Sucker rate at .0024, salesman gave the runaround that they were not motivated to lower the rate. I read on another thread from Vic, that .00195 is possible and .00185 with ACH. Any status on the MF?

December Rates
-Would like to find out-

Promotions

Advertised promotion:

If you currently own a BMW, Audi, Lexus, Jaguar, Porsche, Land Rover, Infiniti, Acura, Cadillac, Lincoln, Volvo, VW, or Jeep, you may receive up to $4,000 towards the Mercedes-Benz of your choice. Driving a Mercedes-Benz has never been more rewarding. Qualified customers only. Offer excludes New Sprinter, smart and SLS models. See dealer for details.



Any thoughts on this, its supposed to end November 30th?
Any other promotions coming up?


How much from invoice is a good price?
Also can anybody recommend a good dealer & salesman that you know in Southern California?

Thanks!!
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Old Nov 30, 2011 | 12:35 PM
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Nov/Dec Residuals:

CLS63
24 months= 64%
36 months= 55%

E63
24 months= 60%
36 months= 57%

These are standard mileage terms (15k miles per year)
Add 2% for 12k miles, 3% for 10k miles, and 4% for 7500 miles

I find it interesting how MB sees the CLS worth more than the E at the end of 24 months but not 36.

Money factor thru 11/30/11 is .00195 for super tier applicants. Rates might drop for their December specials.
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Old Nov 30, 2011 | 06:59 PM
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Thanks for the info. I will plug that into the lease calculator. 24 month does not appear too bad.
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Old Nov 30, 2011 | 10:49 PM
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As far as the 4000 I have a panamera do I get the 4000 and the 2000 winter sale too or just 4000 or just 2000 I'm not sure about cls or e but trying to figure out rebate?
Thanks
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Old Nov 30, 2011 | 10:59 PM
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Originally Posted by BRETT0429
As far as the 4000 I have a panamera do I get the 4000 and the 2000 winter sale too or just 4000 or just 2000 I'm not sure about cls or e but trying to figure out rebate?
Thanks
On AMG I only got 2k, it depends on the car that you get but the program could have changed.
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Old Dec 1, 2011 | 11:04 PM
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It seems the promotion from Mercedes is still going. Thought it was going to expire in November. Anybody know how much longer?
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Old Dec 1, 2011 | 11:36 PM
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ditto $2k for the amg car
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Old Dec 8, 2011 | 08:06 PM
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I'm a 775 or higher credit score always leased have a mortgage and never not even once had a late payment on anything, is there any way mercedes wouldn't give me a top tier so i can get 1.95 rate. even if bank approves at reg tier 1 can't dealer call and push it?
thanks
advance
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Old Dec 9, 2011 | 11:39 AM
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Originally Posted by BRETT0429
I'm a 775 or higher credit score always leased have a mortgage and never not even once had a late payment on anything, is there any way mercedes wouldn't give me a top tier so i can get 1.95 rate. even if bank approves at reg tier 1 can't dealer call and push it?
thanks
advance
The dealer can always TRY... it depends on how big an exception it is at the bank level. The support of the dealer always plays a factor too; how much marketshare do they give MBCC, how is their portfolio performing regarding delinquency and chargeoff.

Remember the dealer uses a specific scoring factor (generally an Auto Model) under TransUnion so your 775 may differ depending on where you gathered your info.
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Old Dec 10, 2011 | 02:35 PM
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Originally Posted by BRETT0429
I'm a 775 or higher credit score always leased have a mortgage and never not even once had a late payment on anything, is there any way mercedes wouldn't give me a top tier so i can get 1.95 rate. even if bank approves at reg tier 1 can't dealer call and push it?
thanks
advance
I noticed on the MBZ sheet, .00195 rate showed that it was available for tier 1 and tier 2 rate.
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Old Dec 10, 2011 | 05:34 PM
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Originally Posted by 805Benz
I noticed on the MBZ sheet, .00195 rate showed that it was available for tier 1 and tier 2 rate.
What is an MBZ sheet? Do you have to get this from the Dealer? My CLS63 is due to arrive in late January and I would love to get my hands on one. Thanks!
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Old Dec 10, 2011 | 08:52 PM
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Originally Posted by EPDRB
What is an MBZ sheet? Do you have to get this from the Dealer? My CLS63 is due to arrive in late January and I would love to get my hands on one. Thanks!

That was the official sheet at the dealer that showed the residual and money factor on all the models. I happend to glance at it when they were working on my numbers.

The best deal I saw was on the S550, 24 month program, decent residual and better money factor.

I am not sure if the dealer will give this sheet out. If you are at the dealer, they should be able to show it to you.

When you get your car in January, the residual and money factor rates might be different.
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Old Dec 13, 2011 | 11:37 PM
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ThEy got it for me no problem it was approved straight up top tier
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Old Dec 14, 2011 | 06:50 PM
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Originally Posted by BRETT0429
ThEy got it for me no problem it was approved straight up top tier
congrats!
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