Is This a Good Deal ? New CLS63 Lease

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Nov 7, 2007 | 12:35 AM
  #26  
Quote: got the figures for the used one... can someone advise me whether 6536 miles is worth the risk of buying a used ? (like if the guy has hammered it). it has a clean carfax.

used 2007 cls63 prktrnic,trunkcloser,p2
the residual is $34,000.
payments are 1440+tax with 6k down.
Wait!!! thats 1551.00 including tax (7.75) with 1k more down than your original deal at 1668.00 including tax and you are getting a used car. I dont know if the 100 dollar savings is worth the used car plus the extra dime down.

The good thing is most of your payment is towards depreciation. And you got a car, congrats.
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Nov 7, 2007 | 02:39 AM
  #27  
sorry typo, 5k drive off...
1548/month w/tax for 39 months...
bargained a bit and got the residual to 33338 instead of 35500
am pretty happy pick up the car friday woohoo im smiling from ear to ear


the new 08 deal was 52745$ residual with 5k down and 1668/month... i think i can live with 6500 miles ... i drove the car around the block and she felt just like the 08 i drove yesterday
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Nov 7, 2007 | 08:15 AM
  #28  
Quote: sorry typo, 5k drive off...
1548/month w/tax for 39 months...
bargained a bit and got the residual to 33338 instead of 35500
am pretty happy pick up the car friday woohoo im smiling from ear to ear


the new 08 deal was 52745$ residual with 5k down and 1668/month... i think i can live with 6500 miles ... i drove the car around the block and she felt just like the 08 i drove yesterday

Now you will not have to train her as aggressively since the car already has been broken in so to speak.. Make certain you drive her hard for at least 300 miles so the TCU and ECU will adapt to going fast. Check your shift points and enjoy this Beautiful car. Awesome news and welcome to the Club!
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Nov 7, 2007 | 09:50 AM
  #29  
Once in a while I'll come across one of your posts where you mention how much you want to get a CLS63. It's good to hear you finally got one. Congrats.
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Nov 7, 2007 | 10:06 AM
  #30  
Quote: Now you will not have to train her as aggressively since the car already has been broken in so to speak.. Make certain you drive her hard for at least 300 miles so the TCU and ECU will adapt to going fast. Check your shift points and enjoy this Beautiful car. Awesome news and welcome to the Club!
thanks man... i have your video from youtube converted to play on my blackberry ... haha... will be following it religiously once i get her
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Nov 7, 2007 | 02:21 PM
  #31  
centurion: did the same thing before i bought my previous car.... stalked the forums for a few months... i actually drove an M6 as well last weekend, and the constant kicking in the back everytime the car shifted was horrid...

vic55... the tax rate is actually 8.25% for los angeles county, money factor was 0.00208 through us bank, and 33386 to buy at end of 39 months.... with 12k/miles per year
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Nov 7, 2007 | 07:06 PM
  #32  
Quote: centurion: did the same thing before i bought my previous car.... stalked the forums for a few months... i actually drove an M6 as well last weekend, and the constant kicking in the back everytime the car shifted was horrid...

vic55... the tax rate is actually 8.25% for los angeles county, money factor was 0.00208 through us bank, and 33386 to buy at end of 39 months.... with 12k/miles per year

Oh I know, for some reason I was using my tax rate ... nice purchase, time for pics.

I like US Bank, had them for M5... love the low MF's and residuals which means most of your payment is depreciation. Unless the residual is very very high they are the bank cause they just dont charge that much in relation to lease interest. FYI they have a lower rate- I think .00197 but it may be for new cars.
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Nov 7, 2007 | 07:25 PM
  #33  
Congrats On New CLS63 !!!!!!
wannabuye63, congrats on the car. I can't wait to see pictures.......

I consider 6500 miles "new", the car is just a baby and you saved a lot on it, so congrats and please post pictures........

You have to join us at California Speedway on 11/30/2007.......
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Nov 7, 2007 | 07:26 PM
  #34  
Oh and by the way, it's time to change screen names to BoughtCLS63.....

Email one of the Admins around here, and they'll easily change it for you....
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Nov 7, 2007 | 08:48 PM
  #35  
Congrats dude!
You're gonna love the car!
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Nov 8, 2007 | 12:18 PM
  #36  
enjoy, enjoy, enjoy....

Plus a great deal....

lease pay 1548 x 39 = $60,372
down pay $ 5,000
residue $ 33,333

total cost @ buyout $ 98,705

Not too bad considering it takes very little money to play.

of course you need to factor the tax savings of lease vs depreciation/interest (if you have bought it)
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Nov 8, 2007 | 12:45 PM
  #37  
Quote: enjoy, enjoy, enjoy....

Plus a great deal....
wife's bday present to me (geez i love her... lol)...
dealership is taking forever to do the usbank lease approval... crossing my fingers, hope everything goes well....
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Nov 9, 2007 | 11:32 AM
  #38  
It's been 3 days already, oh well, be patient...it's worth the wait.
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Nov 9, 2007 | 12:34 PM
  #39  
yea usbank apparently has too many requirements .... keep sending more and more docs.... wondering if its a sign and i should just get the brand new 08 cls63... hmmmm either way, its going to be decided tonight... its going to be either the used 07 or the new 08 ..... pictures by the weekend!
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Nov 9, 2007 | 03:45 PM
  #40  
We will be waiting!!!
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Nov 9, 2007 | 10:58 PM
  #41  
Quote: It's been 3 days already, oh well, be patient...it's worth the wait.
It took my dealership about a week to approve me, but they gave me the car to drive.

Sometimes they keep you waiting to get your juices up so they can raise the interest rate due to an unpaid bill 10 years ago.

Hang in there.
Reply 0
Nov 10, 2007 | 03:40 AM
  #42  
She's mine ! All Mine! I can't stop smiling and I haven't slept yet its 12:37am!!!
Waiting to get up tomorrow and heading to get Zaino... then spend all day shining her up!!! I can't wait...

these are crappy pics cause its so dark... but I thought i'd post em anyways..

i still have to train her but oh my does she fly! my wife was racing me all the way back in her slk... haha... we're both speeders
at the dealer:

at home:

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Nov 10, 2007 | 05:07 AM
  #43  
Congrats bro!
Which dealership did you go to?
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Nov 10, 2007 | 12:19 PM
  #44  
Quote: Congrats bro!
Which dealership did you go to?
Encino
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Nov 10, 2007 | 08:23 PM
  #45  
Quote: Oh and by the way, it's time to change screen names to BoughtCLS63.....

Email one of the Admins around here, and they'll easily change it for you....
thanks VRAA, my new nick is blackcls63.... sweeet...
Reply 0
Nov 10, 2007 | 10:48 PM
  #46  
Quote: She's mine ! All Mine! I can't stop smiling and I haven't slept yet its 12:37am!!!
Waiting to get up tomorrow and heading to get Zaino... then spend all day shining her up!!! I can't wait...

these are crappy pics cause its so dark... but I thought i'd post em anyways..

i still have to train her but oh my does she fly! my wife was racing me all the way back in her slk... haha... we're both speeders
at the dealer:

at home:


If you can't find zaino until monday, I got the entire line of products that I bought from the LA distributor. It cost me a little over $200. For you $150.
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Nov 11, 2007 | 11:28 AM
  #47  
Quote: yea usbank apparently has too many requirements .... keep sending more and more docs.... wondering if its a sign and i should just get the brand new 08 cls63... hmmmm either way, its going to be decided tonight... its going to be either the used 07 or the new 08 ..... pictures by the weekend!

US Bank is about as cautious as it gets. I was paying 1200 per month for an E55 and I paid Chase for 2 years and had a 770 score at the time. I traded the car if for an M5 for the same payment (1216 per month) and had more than enough income to handle the payment and my debt and they still wanted proof of income. And this was back in 2002 when the economy was just fine. I understand why they might want to be a bit more cautious in this environment with larger ticket sizes and assets that are holding less and less of their value.

But its all academic based on your most recent posts as you stated you are all in!! Congrats, you will need to come down to some our OC meets and runs. We probably meet up every Saturday.
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