It's an EQB!
03-04-2023, 01:42 PM
#26
Junior Member
Agreed; this deal was a win-win-win (me, dealer, new E53 owner}. I'm not a "hate the dealer" guy. Everybody has to make money. I've been a client of the dealer since 2000 and have always been dealt with fairly.
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dvenneman (03-05-2023)
03-04-2023, 03:28 PM
#27
Super Member
I will be leasing the EQB300 10K/36 whenever it comes in. I have always gotten substantial discounts from my dealer but he says the EQB's are only list. In the unlikely event this changes by the end of the summer when mine should arrive, he will of course take care of me. And, of course, final monthly payment will be contingent upon whatever programs are in place then. Right now, fleet discount is $1000, which i can get via either Mercedes Club or credit union.
03-04-2023, 04:19 PM
#28
I like to buy as a rule
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cadetdrivr (03-04-2023)
03-04-2023, 09:29 PM
#29
Was gonna pay cash but ended up leasing for 36 months. (Didn't want to risk a negative IRS interpretation for the tax rebate based on the current IRS guidance.)
No big secrets as original deal was MSRP. Thus it became MSRP minus $8K cap reduction from combining both of the current MB EQ lease offers. We have excellent credit but the MBFS money factor was still abysmal, IMHO.
Back of the napkin suggests we'll still come out ahead assuming we'll want to buyout at lease end and that's even if we would've received the tax rebate.
YMMV
No big secrets as original deal was MSRP. Thus it became MSRP minus $8K cap reduction from combining both of the current MB EQ lease offers. We have excellent credit but the MBFS money factor was still abysmal, IMHO.
Back of the napkin suggests we'll still come out ahead assuming we'll want to buyout at lease end and that's even if we would've received the tax rebate.
YMMV
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dvenneman (03-04-2023)
03-04-2023, 10:14 PM
#30
See other threads
the Inflation Reduction Act of 2022 sent the federal tax credit into chaos for all MB buyers.
I entered into a binding contract before 16 August so I will get a 6500 fed tax credit. Some comments suggest otherwise. My accountant was confident.
what MB appears to be doing is offering a capitalized cost reduction on a lease. I can’t speak for everyone but remember that the capitalized cost is what your rent is. There is tax on that amount. Then, if you don’t pay the entire capitalized cost, you pay a “money factor” which is essentially interest on the rent and taxes. It looks like MB is giving a 1,500 tax allowance which in NJ equates to be a capitalized rental cost of 21000 ish on a 36 month lease.
03-05-2023, 07:59 AM
#31
Super Member
Right. Even with buying from NY dealer, they will do paperwork for NJ registration so no sales tax.
I have not gotten into the details yet of capital cost reduction from MB since we're looking 6 months hence for delivery, so depends upon what MB's program is at that point. I have sometimes paid the entire lease up front to save interest but our financial managers suggested that with lower markets we just make monthly payments to allow for potential growth of that prepaid amount.
I have not gotten into the details yet of capital cost reduction from MB since we're looking 6 months hence for delivery, so depends upon what MB's program is at that point. I have sometimes paid the entire lease up front to save interest but our financial managers suggested that with lower markets we just make monthly payments to allow for potential growth of that prepaid amount.
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dvenneman (03-05-2023)
03-05-2023, 09:19 AM
#32
Nothing is free right?
Right. Even with buying from NY dealer, they will do paperwork for NJ registration so no sales tax.
I have not gotten into the details yet of capital cost reduction from MB since we're looking 6 months hence for delivery, so depends upon what MB's program is at that point. I have sometimes paid the entire lease up front to save interest but our financial managers suggested that with lower markets we just make monthly payments to allow for potential growth of that prepaid amount.
I have not gotten into the details yet of capital cost reduction from MB since we're looking 6 months hence for delivery, so depends upon what MB's program is at that point. I have sometimes paid the entire lease up front to save interest but our financial managers suggested that with lower markets we just make monthly payments to allow for potential growth of that prepaid amount.
And one day we’ll be dead and the kids get the car and whatever money is left and it won’t make two ****s whether we leased or bought our cars.lol. And yet here I am hand-wringing lol
