Brav

I know the residual is about 65% on a 36 month lease for a CLS500. I'm guessing it is higher for the 55? Thats pretty dang high, makes for a lot lower payment (assuming you dont want to buy it at the end). Anyone know what their numbers are?

Also, money factor, do we know? MB used to be rediculously high compared to the competition, but now its a different story. .00225 is about a 5.75% interest rate. They used to be about .00285-.00320 which is mid 6's to high 7's.

Thanks in advance

Natalie

Did you know there is a lease forum now on MBworld.

Brav

I humbly retract to my corner..

Natalie

Sorry, I was'nt flaming you........just thought you might like to know

Brav

no prob, just thought I'd start here.

paul928

The leasing site has the MB rates as of just a few days ago. For the CLS 55 is 64% residual and a .00320 money factor (about 7.4%) for a 36 month lease and 58% and 00320 for a 48 month lease.

Brav

Thats what I figured.. Those are maximums, they can drop them I think (rates, not residuals).

hlkc

Brav,

Thinking a CLS?

Cheers,
hlkc

Brav

Yea, If I can see that I fit inside..

tofumann

0.00315 is the "buy rate" for dealer. If credit score is good, it's worth looking at Chase. Of course, Chase's residuals are also lower. We can't have all, can we?

Brav

I know.. where did you get that information? That cant be right, dealerships make a killing on financing, especially leases. Maybe it is what it is..

paul928

If one is looking to minimize payments, without regard to owning the vehicle, then assuming a healthy credit rating, MB's lease package is by far the lowest, in terms of monthly payments, even though the money factor is high. (Its all in the residual, and MB's is the highest.) As others have said, there are disdvantages to this appoach, not the least of which that one does not end up owning anything at the end of the lease.

Brav

Yes, I checked chase in the past, and at least according to the dealership, MB was still lower in payment, but of course the buy price was much higher. I don't keep cars too long so I'm not too concerned about that. However, the payoff, should you sell the car private party, will be higher as well.

MBZFAN55

Maybe you can have the best of both worlds as evidenced by MBCredit negotiating a lower acquistion price at the end of my last 2 leases. Sometimes the residual is not the actual residual.

0-60 Swiftly

i just bought back my 02 S class for and negotiating price was 15k lower then the original buy back, and i got a quote for $98,000 loaded b4 taxes and all that ****, $1550 with taxes upfront and $1729. with taxes in the payment. this was about a month ago when the car first came out, mine is coming in the the 1st week of may, it was built april 4th. what do u guys think of these numbers, (850+ credit score last i checked) these numbers are for the CLS55

Brav

1729 is rediculously high. Figure this - I put that number in my caclulator, over 60 mos, 5% interest rate, and came up with $91,620 principal value, or the dollar figure you can finance to get 1729 payment. So if you put 10K down or so, you could own it instead of finance it. Its way too close to lease, I'd finance if thats the best deal you can get. They are trying to hose you.

0-60 Swiftly

this was on a 39mo lease 12k miles a yr, so what should my payments be?

tofumann

My info. was from 4/7/05' and if it changed since then, I'm sorry. Two different dealers told me that their "buy-rate" from MB was at 0.00315 for both cls500 and e55 and they would give me their "buy-rate" without tapping any margin on it.

Once again, with 730+ credit score, Chase was offering 0.0022 for e55 on a 36-month lease with 15k miles/yr. Residual is lower than MB but with the same principle/selling price, Chase's monthly payment(with min. drive-off) came out a little better than MB(even w/ high residual) in this case. Honestly, I could give a f*ck whether it's from MB, Chase, BOA or Bank of China. I still think selling price of the vehicle and A+ credit score are the keys to a good lease program.

All I'm saying is that don't take every word that dealers tell us. MAKE them lay out all different programs and let you pick which program is most suitable for you. I did NOT accept their offer (MB Lease Program) and took them 60 mins to pull out their "book" to show me what their buy-rates(who knows if they were showing me the real book ) for different program from different banks. But once again, as I told the dealer, "I only need to decide whether I want to accept your offer and you can figure out the rest."

Time to enjoy the car and drive the ***** out of it like it's meant to be

Brav

I think MB's residual is about 65% for that. Money factor is .00320. Here is a link to a post I made about my lease calculator..

Link to excel lease calculator

EDIT: forgot about your 98K price, and as mentioned above .00315 MF.

Using that spreadsheet, nothign down, 65% residual, .00315 money factor, your payment should be about $1385 without tax. This assumes MSRP and Sales price are the same, at $98K.

I backed into to your payment - would be like buying your car with about an 8K markup... Go find one at MSRP - negotiate sales price first, then even at the highest lease rates (MB is bad) and their good residual of 65%, you should be no worse that 1400 or so + tax

0-60 Swiftly

thanks, i am going to figure this out, the total was i think around 108k with and 0 down thank youuuuuuuuuuuu i'll let u know how it works out

Brav

Ahh, I didn't realize it was zero down. those number are assuming you pay the bank fee, tax (no tax if no down on lease, right?), title, first months payment and doc fee maybe.. looking at additoin of about 1400 for payment plus another 2000 for registration, bank fee, etc. so say 3500 on top of MSRP.. which would be 1490 without tax. I don't know how tax on leases are calculated there, sorry. And 108K includes about a 6-7K markup still

By the way, that 3500 included in your payment works out to cost you 105 more a month, x39 is 4095, so extra 595 in finance costs (vs coming 3500 out of pocket).

0-60 Swiftly

no mark up at all, 105 or 108k is total, with tax and anything that can go into it, these numbers are based on a quote the numbers might be off by a digit, but i am waiting for his call back, BUT I WILL NOT PAY A MARK UP, my dealer knows this. he also know that if he tried to put a mark up on the car

Brav

Get the numbers- have him fax you a breakdown of costs on the order sheet. Thats the numbers I come up with. Ask him residual and money factor. Ask him what costs/ fees are going to be "residualized" - like the gas guzzler tax (basically included in MSRP). You will always get hosed if you just ask about total cost. Where is all that 10K coming from?? In CA, you dont pay tax on a lease, only on the portion that you pay as a principle reduction.. you pay with the payment every month. If you are paying sales tax, which I doubt, it might make more sense.. can anyone else in NY chime in?

0-60 Swiftly

39/mo 12k miles taxes in the payment, 1830 a mo total price of car 98k o down @00340 and 62% residual value and the tax in the lease and the tax is 8.625% of the portion that is leased buy back is around 61k what do u think? your lease cal. would not load for me, i have been trying for the passed hour.

Brav

damn, pm me with your email and ill send it to you. that wounds way too high. Seriously, you coudl finance it for cheaper than that. Like i described above. So just go out and apply with chase or peoples bank (bank one?) and get like 5.25% over 60 mos and will be the same payment

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