reelgr

I'm considering a porsche and the c63 right now. I really wanted a convertible this time.. have a 2007 g35 lease about to up...

Of course the porsche lease numbers suck, but I expect mercedes to do better than the recent numbers i have seen.

I generally like to go with short term 24 month to 30 month leases.. don't mind spending a little more.

Anyone have the current money factor and residuals?

Strafe1

MB Financial numbers are not good. I leased mine through Leasecompare.com. You can preview their rates on the website immediately, for nearly any term you want. It was easy for me!

paulGT3

I dont know why MB numbers for leases arent good. You would think that
with the current financial situation that they would have GREAT financing
and leasing numbers. BMW has some great deals right now. .9% for M3s!
Their lease #s are the best. Why MB doenst use those kind of numbers is beyond me.

CrazyDonkey

it will cost more for you to lease a new M3 then to buy one. that .9% is an awesome deal.

reelgr

Well it seems once you get over 60k on any bmw or mercedes.. leasing becomes pretty unfavorable...

Usually there are lease specials on the website, but you won't find them on the amg series...

How does leasecompare work.. they do all the work for you and find the car?

If you have the program such as ileasemycar for iphone, you can calculate the numbers your self... I generally work down the price for the car as if i'm going to buy it cash and then I hit the dealer with the lease numbers I want...

paulGT3

Reelgr thats the best way to do it.

Donkey I realize that its just either way BMW has good numbers for you to buy or lease. I would have bought the M3 at .9%. I paid cash for the AMG there was no other way to do it since MB numbers suck for leasing or financing.

mez456

I just went through this at the end of Sept.

The best deal I could find on an M3 Sedan loaded, manual, was $6k down and $900/mo.

Mercedes wouldn't even budge on C63. $5k down and $1100/mo.

I went with a loaded 335i. I am very happy with the car. A$$holes at MB Financial wanted $100 more a month for me to keep my C55.

BMW is definetly a different drive than the C55. If your hand moves an inch in the BMW the car is changing lanes.

P.S. This was in the DC area.

paulGT3

Mez
My wife has a loaded 335 too it was 49K on the sticker. One thing that BMW has is TRUNK money. I found this loaded 335i (titanium silver over dakota grey leather) and it had been on the lot for 120 days. Why no one bought it I have no clue. However BMW gave the dealer like 5K to get rid of it. I was able to get that car for almost 3500 under invoice. So if you have a good enough relationship with your dealer ask them which cars they have trunk money for.
Its a great way to go.

reelgr

I've been considering the 335i convertible also... If you are a big fan of leasing, BMW sure does offer some good rates.. I'm sure I could get a loaded 335i for quite a good rate...

I really like the c63, but wouldn't pay over $1100 per month for it.

Duane

You can do 999 with 6k total out of pocket....39 Months 10k per year.

reelgr

i couldnt get by on 10k per year... I ping the 15k/year usually...

I'll keep shopping and see what is the best deal for me at the time my current lease is up

CynCarvin32

Because BMW financial services had a 300 million LOSS and write off this last year due to lease returns and poor residual values. They are giving their cars away with extremely low lease and finance rates but they have a massive loss on each car when it comes back. Both BMW and MB are slashing production and working to increase rates and prices to get back into a market where you dont have to give cars away. Lexus has the best average profit for each car sold and you dont see dealerships competing with each other the way BMW and MB do. The Germans spend to much time competing with their own make (other dealerships) than they do the competition and it has cost them.

MB never pushed extremely cheap leasing as heavily as BMW and that is why MB's write off was less than half of the one BMW had. Its easy to see it happening. You can get 10k off you lease buy out with a phone call. Thats ends up costing them a ton of cash over time.

Once inventory falls a bit and the production cuts create less supply pricing will start to slowly go up. This is their plan at least.

CynCarvin32

If that is 6k as a cap reduction keep your money and collect interest on it. Pre paying your payments is useless. You might as well send me the money and let me hold it for you until you make your payment for the car each month.

Now with BMW you can do what they call multiple security deposits (MSD) and thereby lower your money factor to nearly zero. These deposits come back to you in whole at the end of the lease but they function as a interest buy down. When you do the math you end up saving far more than you could ever earn on the money in the same time. Its a great system and most dealerships or finance managers have no clue about the system.

Each deposit is equal to one payment. So you can do up to 5 deposits but unlike the down payment you get all that cash back in full at the end of your lease.

MB does not offer such a system.

rory breaker

Thats really interesting. Im not too knowledgeable about leasing...can you give an example with numbers?

mez456

Doh! Wish I new this when I was negotiating on the M3!! I love the C63 but MB Financial left such a bad taste in my mouth it will take a lot for me to go back to MB. Plus, the DCT on the M3 is awesome. (please don’t turn this thread into a c63 vs. M3 discussion).

MB Financial wouldn't even discuss this. They either have money on the car or do not based on inventory and they don't differentiate between C Class and AMG. Buyout on my car was 32k. KBB was 22K.

For those that are unfamiliar with what happens when you turn in a lease here is the process.
1. Turn car into dealer
2. Delaer decides if they want to buy the car.
3. If they do not it goes to auction.

I tapped a suburban at 10 mph and did 10k damage i.e. no clean car fax. The dealer was not going to buy my car. I told MB this. They knew the car would go to auction and they would lose money. Instead of selling the car to a loyal customer and keeping them happy they decided to let the car go to auction.

Hence I’m in a BMW now. Although the c63 is a beast!

CRAZY

I put 1700 down and my lease payment for 60 months is 1097 per month, which includes tax.

Nimbus

You have the wrong info. MB does offer Multiple Security Deposits on their leases.

mthis

i got a 3.99% on my 60 month c63

sorry dont have the money to buy it cash.

Edit: i bought my car

mthis

you know you could off bought the car for about 3 dollers more and about 3300 more.

captjay

a 60 month lease at $1k per month? thats $60K. Dude....you own that car.

blownS

If u don't mind me asking, what are the terms u got thru LeaseCompare (i.e. monthly payment w/tax, mileage allowance, down payment, etc.)?

deniska

I have a 335i convertible also white/red almost loaded sport/nav/59k sticker.. 4.5k drive off $700/month for 24 months. I think I got a decent deal.

Strafe1

Car price= $68,680
Residual= $36,000 (about)
Downpayment= $3500
Mileage= 12000/yr
Lease term= 36 months
Monthly payment= $960 (tax included in that payment)
Lease factor is .00219

blownS

Great deal.