SHOPPING FOR A CL 550 WONDERING, HOW MUCH ARE THE PAYMENT ARE ON A LEASE.

I RECIEVE A PRICE FOR $1850 A MONTH WITH NO MONEY DOWN!
ANY INFO WOULD BE USEFUL!

 

On what term? Sounds like a lowball!

 

Get the amount of months (term), money factor (interest) and residual percentage (amount car is worth after lease is done) and let us know....that payment could be good or bad...Also is that after tax?

 

What was the MSRP and the term, sounds low to me but it has a lot to do with the car you are buying. Sport vs. non Sport, money down, tax,etc.

 

ONLY PROBLEM IS THAT WITH ZERO CAP REDUCTION, YOU'LL BE UPSIDE DOWN BIGTIME WHEN THE LEASE IS UP! BUT, IF YOU PUT A BIG CAP REDUCTION, YOU'RE JUST TOSSING GOOD MONEY DOWN THE DRAIN THAT YOU'LL NEVER RECOVER. IT'S A CATCH-22.

I LOVE MERCS, & ESPECIALLY THE NEW CL SERIES, BUT THEY JUST DON'T HOLD THEIR VALUES LIKE THEY USED TO, AND DEPRECIATE HORRIBLY.
THE LAST CL WAS ONE OF THE WORST OF ALL WHICH IS ONE OF THE REASONS I OFFED MINE BEFORE IT WAS TOO LATE! THE CAR JUST DEPRECIATES FASTER THAN THE LEASE PAYMENTS ADD UP TO TOWARD THE END OF THE LEASE WHICH IS WHY THE LEASE DEALS ARE ABSOLUTELY THE WORST!

I REALIZE THAT WE'RE NOT HERE TRADING THESE THINGS FOR INVESTMENT, BUT A CAR (ESPECIALLY THOSE 100K+) IS THE SECOND LARGEST FINANCIAL COMMITTMENT A PERSON MAKES IN THEIR LIFE, PROPERTY BEING THE FIRST, AND, AS SUCH, I FEEL I OWE IT TO MYSELF TO MAKE WISE FINANCIAL DECISIONS FOR BIG TOYS LIKE THIS; IT'S STILL GOT TO MAKE SENSE WHILE I OWN IT AND, AS IT STANDS NOW, THERE IS TOO MUCH BRAND DILUTION AND COMPETITION THAT WAS NOT THE CASE A FEW YEARS BACK, WHICH MAKES IT AN UN-WISE DECISION TO DRIVE - - -

www.woodsidecredit.com OFFERS MUCH BETTER DEALS ON THE MORE EXOTIC CARS LIKE BENTLEYS, FERRARIS, AND LAMBOS FOR THE SAME MO. PAYMENT AS THAT OVER-RPICED LEASE ON YOUR BENZ. YOU GET A LOT MORE BANG FOR THE SAME BUCK. WHY? BECAUSE THESE EXOTICS HOLD THEIR VALUE MUCH BETTER & ARE LIMITED PRODUCTION. THAT'S WHY THIS LENDER WON'T TOUCH MERCS OR BIMMERS!

I WISH IT WAS DIFFERENT FOR THE CL, BUT YOU CAN THANK THE EXECS AT MBZ FOR F**KING UP THE MARKET AND CAUSING RAPID BRAND DILUTION BY GOING DOWN-MARKET WITH THE P.O.S. C-CLASS CRAP TO CAPTURE A MASS DEMOGRAPHIC!

 

If you shop around and have good credit the MB leases arent too bad since they boost their own residual values.

 

Explain how they "boost their own residual values". If you don't put down more cap reduction or drop the term, I don't see how that works. Doing either defeats the purpose of leverage to begin with. And when the asset depreciates beyond the lease calculations, which is what happened to the last CL, the whole deal becomes questionable at best.

 

I am not disagreeing with your first post since I agree that some exotics can be leased for close to the price of the new CL....I just meant that if you buy a benz (that isnt in demand) and get $10k or more off, get a decent money factor (lets just say under .003 which still isnt that great), MB boosts their own residual values for their cars compared to other banks (which have lower money factor rates) making the deal somewhat decent as long as you get the car discounted (under invoice or more in my case)....I would never lease a MB at retail price unless it was 2003 again and the new SL just came out .

 

key phrase: "that isn't in demand".

I wouldn't purchase or lease at retail either, and I'm assuming that discount
doesn't apply to the new CL. I don't know any dealer that doesn't have a waiting list on these cars, and those that you see driving them either had a deposit on it a year or two back or paid a hefty premium over sticker. That's why I'm saying these people will get slaughtered in a couple years when a) improvements to the current CL will be made, and b) more and more competition in the same price range. Even if you get the new CL at sticker, the depreciation will catch up to the lease payments. If you got the $10K off sticker, now that's a whole new ballgame.

The "old" CLs now (since they're not in demand), like an 06, can be had for a real steal. My 2001 CL600 cost $135K back then. I've seen them as low as $25K now! What a great (negative) return! Even if you got a discount pre-2005, those cars took a supreme beating.

 

FOUND ANOTHER ONE OFFERING $1499 NO MONEY DOWN ITS CALLED THE "LEASE LOYALTY PROGRAM" Phillips Auto Leasing
HERE THE LINK, WHAT YOU THINK?
http://www.cars.com/go/search/detail...llerFirst=true

 

$1499 will be hard to get in real life without a long monthly term and I would think some $$ down; perfect credit is a must as well......I think here in LA non-sport CL's are at MSRP...its just a matter of months before the discounts begin...probably not much off though since they are still in such small numbers.

 

I have had a deposit down for two years on first an S 63, and later changed to a CL 63 last October. By changing models I believe I am further down on the waiting list than I was before, but that doesn't matter. I plan to lease the 63, and I'm wondering if the same problems with depreciation mentioned above will plague the 63 as well.

Also, I expect no discounts due to the nature of the vehicle, but I also expect to lease for MSRP without an added premium. Does anyone have a clue as to what that MSRP will be? I went to mercedes.com/e and built one on the German site. In the conversion from euros to dollars the car turned out to be $184,000 Anyone have more sane numbers?

 

Although "official" MBUSA pricing on the CL63 hasn't been released I would guess the car will fall in slightly below the CL600. Converting prices from other markets never seems to work as exchange rates are only part of the equation. Numerous other factors, including standard vs optional equipment, vat & tariff taxes and the "trending" value of the dollar all help determine the US prices. Finally, Mercedes does not have one worldwide price for their cars, and charges higher or lower, depending upon specific markets.

Regarding the lease payment, I'm not real sure why there is such concern over the depreciation of the vehicle if it's a closed end lease. The initial residual value percentage negates any "future" decline in value for the leasee and any decline in eventual value of the vehicle is the problem/concern of the leasor. Mercedes Financial tends to have fairly high residual values in my expereience as I imagine Daiimler-Chrysler is in the primary business of selling cars.

 

No lease payment on a new even fully loaded CL 550 should be more than $2,300 per month. With a lot of money down, you can get it under $2,000

 

Just as an example I built a P2 Sport pack. CL550.....

Using January effective 1/22/07 rates.

$111,925 MSRP.
$109,925 Neg. Cap (took $2k off, I have no idea what deals if any are given).
36 months
12k miles/year (Residual 54% + 2% = 56%). Base Rate is .00370 x 2400=8.88%.
Tax/Tags up front.
$0 cap reduction.
Payment - $1,951/ month

 

it's 58% over 39 months, which is slightly better than 56%. Therefore the CL 550 (and I know this because when I was buying my CL 550 the payments came out a good bit lower than the equivalent S 550 cuz the CL holds it's value better) should be a little lower. there are no price cuts on a brand new loaded CL 550 as far as I've heard.

 

I don't see how that's possible......when the residuals are slightly better on the S550 and no doubt you can get thousands off MSRP due to availability.

The S550 should lease lease a good deal cheaper than the CL550 give both factors.

2007 S Class 4dr Sedan S550 / Instantly Compare Lease Payments HERE

24 mo/15k mi – Residual Value 66% of MSRP – .00405 Money Factor Rate
36 mo/15k mi – Residual Value 56% of MSRP – .00370 Money Factor Rate
48 mo/15k mi – Residual Value 48% of MSRP – .00370 Money Factor Rate
60 mo/15k mi – Residual Value 40% of MSRP – .00370 Money Factor Rate


2007 CL550 2dr Coupe / Instantly Compare Lease Payments HERE

24 mo/15k mi – Residual Value 65% of MSRP – .00405 Money Factor Buy Rate
36 mo/15k mi – Residual Value 54% of MSRP – .00370 Money Factor Buy Rate
48 mo/15k mi – Residual Value 46% of MSRP – .00370 Money Factor Buy Rate
60 mo/15k mi – Residual Value 39% of MSRP – .00370 Money Factor Buy Rate

 

I don't believe these lease rate are accurate, and the mf's are marked up .0005.

 

Well, I'm sure your sources are solid and good ones, but I don't know maybe either I just got lucky or there is some error somewhere, but either way when I looked at the numbers at the financial office of the dealer when getting my new CL the payments were indeed lower for the CL than the S class. And the residual value for the CL over a 39 month period with 15k miles per year was 58% versus only 56% for the S 550. The S 600 that I had originally ordered had a much lower residual than even the S 550, which is pretty scary indeed.

 

These are the figures given the lease/finance forum.....if they are slightly off that's possible.

So SL65amg you could very well be right, no reason to doubt your findings.