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My G is on a boat!!! Sales guy said 18 days to GA and still thinks it will be here by 3/10.
Anyone have any inside on this info. See attached build.
Most likely going to buy mine but I could right off the lease. The numbers I got from the dealer where crazy high over 3k a month for a lease. If anyone has inside on that let me know. going to the dealer tomorrow to speak with the financing guy. He made it sound like the residual change monthly but I just want to get an idea one how much cash I need to have to make it a reasonable monthly payment.
super stoked this is my 40th bday present to myself! Still can’t believe it’s 180k but **** it YOLO.
My buddy has one and said it drives like a wet dream!
I will post pictures once it arrives. Thanks for everyone’s post and any inside its much appreciated. My ride is on a boat the sales rep said it usually takes 18 days to get to GA. He still thinks it will make it by 3/10
1. What boat is it on
2. What MF are they using
3. What residual
4. Are you paying sticker / more / less?
Mine is fairly close to your pricepoint, and is well under that lease cost, so I suspect there's markup at play here
Cool color combo. Wish I chose diamond seats, center console wouldn’t have been plastic
These cars are best purchased. It’s possible they become mom-mobiles and residuals will drop in the future... but for now, I financed a 173K msrp at 1.99%. Put 82K down, and financed the rest for a $1,600 payment.
allistair, what was the lease quote you got ?
Last edited by CL5504Matic; Feb 17, 2020 at 02:41 PM.
I normally lease but for my incoming G63 I am purchasing. These vehicles have historically held high resale value. I know the OP can lease this for a write off but I wouldn't want to be locked into a lease for a vehicle that's $180k. Drive freely and sell freely.
I normally lease but for my incoming G63 I am purchasing. These vehicles have historically held high resale value. I know the OP can lease this for a write off but I wouldn't want to be locked into a lease for a vehicle that's $180k. Drive freely and sell freely.
Leasing through your business is the way to go if an option. Buying a G63 is great for resale unless somebody rear ends you which just happened with my RR. Biggest reason not to buy expensive cars you actually intend to drive. One fender bender and the value plummets. Leasing protects you in that case and swap a lease is an option with MB vehicles if you want to get out.
Leasing through your business is the way to go if an option. Buying a G63 is great for resale unless somebody rear ends you which just happened with my RR. Biggest reason not to buy expensive cars you actually intend to drive. One fender bender and the value plummets. Leasing protects you in that case and swap a lease is an option with MB vehicles if you want to get out.
I can't argue with you, all very true. I have successfully done a deal on "Lease Trader" and had my vehicle transferred to them! I guess it all depends on your desired situation.
Can you not do this on a lease, though? I'm currently torn myself between buy or lease, and mapping all the options out. I purchased (vs leased) my last Range Rover, as well as a Tesla Model X.... regretted it both times. I constantly lived in fear of them being totaled, and insurance not covering the gap (gap insurance not available for either as over 100k, and insurance waiver only goes as far as 120% of "value" to cover finance gap. That's still a BIG gap on both).
You can buy out the lease at any point, including at trade in. I don't think I've ever got to the end of a lease term - however, you get protection against being underwater, and GAP coverage.
Adding a stack of MSDs to the lease brings the effective rate down into the 3% range (3.264% by my math) which isn't awful, and the rate-of-return on the MSD cash is just over 2%, which is better than a typical savings rate by some margin.
WA state plays some fun games with sales tax (unsure if they're the same everywhere) that add some other pros/cons.
Tough call, certainly. My rough numbers have it almost a wash over 3yrs ($13/mo difference, and about $2400 over the life of a 36mo lease when compared to a 72mo loan at 2.49%).
My G63 will be a lease. Payment will be around 2500.00 month for 48 months at Zero Down. Yes 120k down the drain but it does give me the option to own at the end. Ive heard the leasing rates have got better so we'll see if it will be different in a few weeks. Ill be returning my 2017 S Class in for it when it arrives and i still have 8 months left on it FWIW. I'm in Georgia. Yes it throw away money but i get tired of vehicles after about the 3rd year of my leases
I agree that especially with high priced vehicles, once in an accident the value definitely takes a hit (small or big accident). With a lease, the lessee doesn't have to care of resale value because you simply turn it in once term is over. I've never liked buying out any leases because I never liked the "deal" nor did I want a 3 year old car with 45k miles on it now. Rather get a new fresh ride! This is a game of enjoyment with depreciating assets aka liabilities. The cost of having fun! I lease my daily rides and have decided to purchase the toys. Easy to sell toys and/or trade in. Also depends on how long you want to keep the vehicle.
It's all going to depend on personal financial goals/situations. I see that a lot of people don't want to tie up 180k cash for a vehicle however some don't like payments. Some don't want to pay interest on a good that's only going down in value. If you have a business where you can write off your lease then go for it. If you need to get rid of it, it's proven to be a transferable good (I've done it). There's always ways to help mitigate heavy losses if your prepared and take the right course of action. Cash is king but not always, leverage works great if you know how to use it!
For the records, I am purchasing with the intent that I will NOT be keeping this vehicle for 45k miles OR 3 years.
My G63 will be a lease. Payment will be around 2500.00 month for 48 months at Zero Down. Yes 120k down the drain but it does give me the option to own at the end. Ive heard the leasing rates have got better so we'll see if it will be different in a few weeks. Ill be returning my 2017 S Class in for it when it arrives and i still have 8 months left on it FWIW. I'm in Georgia. Yes it throw away money but i get tired of vehicles after about the 3rd year of my leases
48 months lease to me is long. Like you said, you get sick of the vehicle after 3 years. Early turn in on leases will always be there (3-6 months max) is what I have seen from my years of leasing. Assuming your sticking with the same brand. I've also just paid my remainder payments to get rid of the lease because I was leasing a new brand vehicle. I was over my miles and had to pay regardless.
I sign 48 month leases but alway turn in early. My S class will end up being 42 months give or take. When they did the facelift in 2018 i lost interest quickly. I wanted to wait to get a 2021 remodel but my dealership told me that car has been pushed way back to spring 2021 as a 2022 model
Can you not do this on a lease, though? I'm currently torn myself between buy or lease, and mapping all the options out. I purchased (vs leased) my last Range Rover, as well as a Tesla Model X.... regretted it both times. I constantly lived in fear of them being totaled, and insurance not covering the gap (gap insurance not available for either as over 100k, and insurance waiver only goes as far as 120% of "value" to cover finance gap. That's still a BIG gap on both).
You can buy out the lease at any point, including at trade in. I don't think I've ever got to the end of a lease term - however, you get protection against being underwater, and GAP coverage.
Adding a stack of MSDs to the lease brings the effective rate down into the 3% range (3.264% by my math) which isn't awful, and the rate-of-return on the MSD cash is just over 2%, which is better than a typical savings rate by some margin.
WA state plays some fun games with sales tax (unsure if they're the same everywhere) that add some other pros/cons.
Tough call, certainly. My rough numbers have it almost a wash over 3yrs ($13/mo difference, and about $2400 over the life of a 36mo lease when compared to a 72mo loan at 2.49%).
Are msd an option available from Mercedes when leasing a 2020 G63?
Are msd an option available from Mercedes when leasing a 2020 G63?
I believe so.... I've asked the dealer to double check my numbers, but he told me I could have up to 10 MSDs, which'd be a 0.00007 reduction in MF for each. If it's viable, 10 MSDs would take the effective rate for A1+ without markup from 4.944% to 3.264% which is a fairly hefty difference...
I believe so.... I've asked the dealer to double check my numbers, but he told me I could have up to 10 MSDs, which'd be a 0.00007 reduction in MF for each. If it's viable, 10 MSDs would take the effective rate for A1+ without markup from 4.944% to 3.264% which is a fairly hefty difference...
No doubt. Are most dealers good with multiple security deposits?
MBFS does allow 10 MSD's and they really work to provide a significant reduction on the lease payments with no risk like that of a down payment. If you put money down on a lease and the next week it gets totaled, you lose.
Some dealers are really reluctant to offer MSD's.
MBFS does allow 10 MSD's and they really work to provide a significant reduction on the lease payments with no risk like that of a down payment. If you put money down on a lease and the next week it gets totaled, you lose.
Some dealers are really reluctant to offer MSD's.
Actually they never offer but if you request (which most people do not), they should be amenable if it's offered by MBFS correct?
Actually they never offer but if you request (which most people do not), they should be amenable if it's offered by MBFS correct?
I remember years ago when trying to do the MSD and requested the finance manager to accommodate. They looked at me like I was crazy and said no one has ever done that LOL. I didn't bother to argue so went with a larger down payment.
I remember years ago when trying to do the MSD and requested the finance manager to accommodate. They looked at me like I was crazy and said no one has ever done that LOL. I didn't bother to argue so went with a larger down payment.
Higher down payment. Ouch. Good for them I guess but not you.
So it’s actually waiting to be assigned to a boat. He then will give the info to track it. More like the middle of March or later.
financing guy at Mercedes quoted me 20k down 4 year lease 12,000 miles for 2400 a month. Which I am ok with tax right off
he said he just did one no money down sticker was 175k and it was 3600 a month which is more than my million $ homes mortgage no thank you.
financing it with 20k down and would be 2700 a month. a+ Credit but 3.5 is the interest rate
where did you find 2%? My Range Rover and my S550 are both under 2% I was surprised it was in the 3’s
i think both numbers I can get a little lower.
i can sell it at anytime during the lease.
my buddy has someone that hit his 2019 G63 and he is now trying to sell it and can’t get what he paid for it. silver one in the link
i also am selling my S550 when I was talking with my buddy that will sell it he was saying the export has stopped for g63 and there is an over flux of g63’s and getting 20k is not happening anymore well for 2019’s. He said in a year should be the better time to sell. I do think the color option I got there will not be many of those on the road. Here in Houston I am starting to see a lot of g63’s
My G63 will be a lease. Payment will be around 2500.00 month for 48 months at Zero Down. Yes 120k down the drain but it does give me the option to own at the end. Ive heard the leasing rates have got better so we'll see if it will be different in a few weeks. Ill be returning my 2017 S Class in for it when it arrives and i still have 8 months left on it FWIW. I'm in Georgia. Yes it throw away money but i get tired of vehicles after about the 3rd year of my leases
you must have some equity in that lease that’s a great number not putting anything down
he just did one no money down sticker was 175k and it was 3600 a month
Someone is getting gouged here, or buried a ton of negative equity in the lease. The residual on a G63 for a 10k/36mo lease is 59%. With non-marked up A1+ credit, the MF is 0.00206. With zero down, apart from title + first month, that's a lease cost (before sales tax) of $2566 a month.
he did say the guy had 723 credit score but not putting anything down hurt him. In Texas you pay the taxes upfront. So that might be where the difference is. Which is 14 k for taxes making the finance 189k.
Originally Posted by alistairg
Someone is getting gouged here, or buried a ton of negative equity in the lease. The residual on a G63 for a 10k/36mo lease is 59%. With non-marked up A1+ credit, the MF is 0.00206. With zero down, apart from title + first month, that's a lease cost (before sales tax) of $2566 a month.
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