Good Deal or Not?
Thread Starter
Member
Joined: Jan 2005
Posts: 122
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Good Deal or Not?
It seems not many forum members like to discuss lease terms that they made.Would someone like to voice there opinion on if this is a great deal?
2008 ml 63 MSRP is 94005.00
My cost is 88079.00
Lease is 33 months at 1500 per month including tax
15000 miles per year
1st month and registation is the money I put down
Somone please voice there advice....
thanks
2008 ml 63 MSRP is 94005.00
My cost is 88079.00
Lease is 33 months at 1500 per month including tax
15000 miles per year
1st month and registation is the money I put down
Somone please voice there advice....
thanks
Newbie
Joined: Feb 2008
Posts: 5
Likes: 0
2008 ML63
That's a fair deal...
Mercedes current subsidized money factor is .0016 and the 33 month residual is set at 52%, so with the discount offered to you about 6.3%, the payment before tax would be $1,407. I dont know where you live or what your tax rate is. If your sales tax rate is about 6.6%, then 1,500 would be the right payment.
You won't find a lower money factor and the residual isn't negotiable, so your only bargaining chip for a lower payment is discount/purchase price. Depending on demand in your area, you could/should be able to get more discount...
Mercedes current subsidized money factor is .0016 and the 33 month residual is set at 52%, so with the discount offered to you about 6.3%, the payment before tax would be $1,407. I dont know where you live or what your tax rate is. If your sales tax rate is about 6.6%, then 1,500 would be the right payment.
You won't find a lower money factor and the residual isn't negotiable, so your only bargaining chip for a lower payment is discount/purchase price. Depending on demand in your area, you could/should be able to get more discount...
Thread Starter
Member
Joined: Jan 2005
Posts: 122
Likes: 0
I got the dealer to bump it to 18000 miles per year for the same price.Why are people not responding to this topic.All of you that have the ML63 know what a good deal is so please help me before I pull the trigger.With the economy the way it is it seems reasonable to be able to get a sweet deal.So please let me know.Thank you again
Super Member
Joined: Dec 2004
Posts: 784
Likes: 22
From: Atlanta
06 E55 Black
The interest rate your paying is 3.86%, basically equivalent to the .0016 money factor lingo. 3.86% is always a good rate, so good that you know they're making money on the price or your trade in, 'cause they're not making money on the financing
