Looking at a 2016 CLS63 with a window of around 117. What % discount should I be looking for with 2017 models rolling out.

 

Hey there I just leased on last month full loaded MSRP $118K Got reduced to cap cost of $113K, which I felt was fair Im in West Palm Beach FL, and this was their only car available (as we all know, they're hard to find). MF was .00230 Residual was 59% I believe Payment right around $1900/inc tax. Hope that helps

 

Thanks, but that seems really high for a $118k car. Is that the standard money factor right now? That is 5.5%, which for a 3-year term in today's market seems like highway robbery.

 

I did my research and that was the MB rate on Tier 1 credit (no juice added at the dealer) so, hope I got my facts straight !

 

I got about $6k off on my MY14 with MSRP of $123k and change. Try to get 7% off but accept 5-6% if necessary.

MBF base lease MF (applicable to AMGs which are generally devoid of promotions) is 0.00200 - - 000220 I think, which amounts to a fairly steep 4.8% APR. Anything above that is even more dealer profit.

Chase auto loans are typically in the low 2% range if you have an account with them. A 48 yr purchase might not be much more than a 36 mo lease so check into that too. AMG cars don't generally lease well although the 59% residual is not bad, it is like 48% on an S class which makes leasing a mostly terrible idea.

The CLS is due for a major update with all the new E-Class tech and interior improvements, but presumably it won't arrive for MY17 and will probably be delayed until the major CLS redesign in MY18-19.

 

That residual does sound high. I bought used and paid quite a bit less.

 

It appears you did. I looked into it and those are the correct numbers. I guess MB doesn't want to lease these cars and would rather people buy them outright. $70k in lease payments on a $110k car over three years seems a little absurd.

 

However, everything I have heard is that after 50K miles or so, these cars get super spendy to own...so, I personally did not even consider the purchase.


Anyway, while an expensive lease (luxury), to me, its worth every penny The model year '16 car is just awesome


Good luck in your search