Lease Figures?
Thread Starter
Member
Joined: Nov 2006
Posts: 132
Likes: 0
From: New Jersey
BMW M5
Lease Figures?
My lease is ending on the e350 next month, and I have my eyes on two cars the ClS and the C63. Now I probably would rather go with the c63, and was wondering what the lowest lease price you have heard of yet?
MBWorld Fanatic!
Joined: Nov 2004
Posts: 1,319
Likes: 3
From: Thick Ascending Limb
2017 BMW X5M DG/AB
Member
Joined: Jul 2008
Posts: 110
Likes: 0
From: Fort Lauderdale, FL
2007 Inifiniti G35
Ya, I wouldnt go by lease compare numbers... If you really know how to negotitate a lease, you are better off playing with the numbers with a few of your local dealers.
Always negotiate the sales price first and then plug in your money factor and residuals.
My lease on the my 2007 G35 is up in 2/09 and I plan to start working the dealer as close to invoice as possible over shortly.
Would be nice if we can get the car at 1000/month. But I haven't seen or heard of anyone pulling it off, unless coming out of pocket with a big down payment...
Always negotiate the sales price first and then plug in your money factor and residuals.
My lease on the my 2007 G35 is up in 2/09 and I plan to start working the dealer as close to invoice as possible over shortly.
Would be nice if we can get the car at 1000/month. But I haven't seen or heard of anyone pulling it off, unless coming out of pocket with a big down payment...
Super Member
Joined: Oct 2008
Posts: 546
Likes: 0
From: Pittsburgh, PA
2009 C63 AMG
Try what I did -- take a loan from penfed.org with a $23K balloon payment after 5 years. Payment is $731 a month after I paid the sales tax and apx. $5k down payment. Alternatively, just buy the thing at 4.75% for about $1,100 per month over 5 years (but the former you can always pay more per month if you'd like).
The C63 is the first car that I did not lease. Lovin' it.
Trending Topics
MB World Stories
The Best of Mercedes & AMG
New Electric Mercedes-AMG GT 4-Door Coupe Unveiled: 10 Things You Need to Know
Verdad Gallardo
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Super Member
Joined: Oct 2008
Posts: 546
Likes: 0
From: Pittsburgh, PA
2009 C63 AMG
In my case, after 3 years for example, my principal balance will be about $39K. If I had a traditional loan, my principal balance would be about $25K. However, I'm saving $13,140 in loan payments over these 3 years by going with the balloon loan. So if I can generate a return on my money at greater than 5%, I'm better off.
Obviously the downside of a balloon loan is that you must pay the balance at the end of the loan (or refinance it), at which time, the car may not be worth that amount. Another downside is that you pay more interest than with a traditional loan (but that MIGHT be offset by investing the difference in your monthly payment and having a higher rate of return than your loan rate). The good news is that you can always pay down the principal amount anytime you want (but just make sure there is no pre-payment penalty).
MBWorld Fanatic!
Joined: Mar 2007
Posts: 1,063
Likes: 2
From: Charlotte, NC
2002 S430, 2004 Cobra, 2004 Tahoe
I agree leasecompare.com cannot seem to be able to compete on the E-class lease. Mainly b/c MB Financial has nice programs out for them. They can however compete on the AMG models b/c MBF usually does not have any specials for the AMG.
MBWorld Fanatic!
Joined: Sep 2002
Posts: 2,923
Likes: 3
Mercedes Benz
Makes you see your E350 as a steal as it was a 55k car. The C63 is a 63k car and its going to easily be 3x the cost a month.
Also should note that in 2007 the MB lease on an E350 was extremely cheap. The price I pay for my E350 daily driver is just crazy. Its less than a Honda Accord and I put nothing down. An E350 now will be closer to mid 600's easily.
Member
Joined: Feb 2008
Posts: 202
Likes: 0
From: Ft. Lauderdale, FL
'12 CTS-V
Super Member
Joined: Jun 2007
Posts: 870
Likes: 4
From: San Jose
08 E 6point3-sold- 11 caddy cts-v-sold, 2012 E63 Palladium Silver
leases
check with MB financial. I know before they had some specials on Cls and e 63- for around 999 a month for the e and 1299 for the cls 63- i think they wanted 6K down but you can work that number
MBWorld Fanatic!
Joined: May 2007
Posts: 1,675
Likes: 11
From: NA
Yes
In a balloon loan, your principal balance is higher each month versus a traditional loan because a balloon loan has a lower monthly payment. So, you are paying down the principal balance more slowly, thus paying more interest over the life of the loan. So if I have a 5-year loan with a balloon payment, and if I sell my car, I'm responsible for the principal balance at the time I sell (which will be higher than with a traditional loan).
In my case, after 3 years for example, my principal balance will be about $39K. If I had a traditional loan, my principal balance would be about $25K. However, I'm saving $13,140 in loan payments over these 3 years by going with the balloon loan. So if I can generate a return on my money at greater than 5%, I'm better off.
Obviously the downside of a balloon loan is that you must pay the balance at the end of the loan (or refinance it), at which time, the car may not be worth that amount. Another downside is that you pay more interest than with a traditional loan (but that MIGHT be offset by investing the difference in your monthly payment and having a higher rate of return than your loan rate). The good news is that you can always pay down the principal amount anytime you want (but just make sure there is no pre-payment penalty).
In my case, after 3 years for example, my principal balance will be about $39K. If I had a traditional loan, my principal balance would be about $25K. However, I'm saving $13,140 in loan payments over these 3 years by going with the balloon loan. So if I can generate a return on my money at greater than 5%, I'm better off.
Obviously the downside of a balloon loan is that you must pay the balance at the end of the loan (or refinance it), at which time, the car may not be worth that amount. Another downside is that you pay more interest than with a traditional loan (but that MIGHT be offset by investing the difference in your monthly payment and having a higher rate of return than your loan rate). The good news is that you can always pay down the principal amount anytime you want (but just make sure there is no pre-payment penalty).
It seems in my case, this would not be beneficial as it actually increases the payoff amount since monthly payments are lower. Im slow with this lease/finance stuff, but if Im only going to keep the car for 24 months MAX, this still holds true correct?
Member
Joined: Jul 2008
Posts: 110
Likes: 0
From: Fort Lauderdale, FL
2007 Inifiniti G35
hey rory - like you, i prefer 24 month / 15k mile leases as there is always something better in 2 years time that I want....
So we will have to pay more for it, but I prefer not to buy the car and have to deal with the hassle of the sale...
So we will have to pay more for it, but I prefer not to buy the car and have to deal with the hassle of the sale...
Member
Joined: Jul 2008
Posts: 110
Likes: 0
From: Fort Lauderdale, FL
2007 Inifiniti G35
Because the lease numbers suck on AMG's, I am looking at BMW's. I really wanted a convertible, so was considering the 335i vert, since the M3 vert is ridicously over priced.
Either way, I'm shopping for the best deal for me
Senior Member
Joined: Aug 2002
Posts: 394
Likes: 0
From: Pasadena, CA
C63 / ////AMG
Lease is the way to go for me since I use my cars for my business/corporation.
Back in Oct., I leased my pre-ordered and fully loaded C63 (PP, etc. minus Tele-Aid) at MSRP for 36 mos/12k per year with 59% residual with .00259 money factor through US Bank. All I know now is that lease rates seem to be going up on the higher-end/specialty cars. (Like when I leased the Nissan GT-R this month, I locked in the lease for a so so rate, then the rate increased after 4 days, whew!) I have very good credit as well.
Back in Oct., I leased my pre-ordered and fully loaded C63 (PP, etc. minus Tele-Aid) at MSRP for 36 mos/12k per year with 59% residual with .00259 money factor through US Bank. All I know now is that lease rates seem to be going up on the higher-end/specialty cars. (Like when I leased the Nissan GT-R this month, I locked in the lease for a so so rate, then the rate increased after 4 days, whew!) I have very good credit as well.
