Go Back  MBWorld.org Forums > Mercedes-Benz Sedans > New S-Class (W222)
Best time to Lease a 2019 S550 >

Best time to Lease a 2019 S550

Notices
New S-Class (W222) 2014-Present

Best time to Lease a 2019 S550

 
Old 03-07-2019, 09:02 AM
  #1  
Newbie
Thread Starter
 
Join Date: Mar 2019
Posts: 4
Liked 0 Times in 0 Posts
2016 s550
Best time to Lease a 2019 S550

My 2016 S550 lease runs out in July 2019. I got a letter from my dealer saying I could come in and they would waive the reminaing payments and put me in a new S550. The lease on a 2019 S550 goes up by over $300. This is for a an equivalent car in terms of options and price. The March residual is 46% for a 12/36. The money factor isn't great even for the best credit score. I've heard that Mercedes is sitting on a larger inventory than normal on the S550. Do you think they will change the invcentives on the lease program for the car? Is it better to wait?
BobBaxter_MB is offline  
Old 03-07-2019, 11:38 AM
  #2  
Member
 
Join Date: Jan 2016
Posts: 191
Liked 4 Times in 4 Posts
2014 S Class 2013 SL
Sellers are always more eager than buyers. Bid you time.
docsout is offline  
Old 03-07-2019, 12:24 PM
  #3  
MBWorld Fanatic!
 
MTrauman's Avatar
 
Join Date: Feb 2010
Posts: 1,094
Liked 181 Times in 124 Posts
‘19 AMG S63
Originally Posted by BobBaxter_MB View Post
My 2016 S550 lease runs out in July 2019. I got a letter from my dealer saying I could come in and they would waive the reminaing payments and put me in a new S550. The lease on a 2019 S550 goes up by over $300. This is for a an equivalent car in terms of options and price. The March residual is 46% for a 12/36. The money factor isn't great even for the best credit score. I've heard that Mercedes is sitting on a larger inventory than normal on the S550. Do you think they will change the invcentives on the lease program for the car? Is it better to wait?
Chances are the money factor and residual will not get better between now and July. The discount off the car may get a bit better between now and July. So the question I would pose to you is—what % off MSRP are they quoting you on a new car? The NEW w223 will be out in just over a year so that could be a factor as it gets closer to the new w223 being released.
MTrauman is offline  
Old 03-07-2019, 03:26 PM
  #4  
MBWorld Fanatic!
 
Join Date: May 2002
Location: Midwest.
Posts: 4,839
Liked 425 Times in 343 Posts
'18 E63s ED1, '17 SL550, '14 ML350
The lease rates are up primarily due to the lower residual. Residuals have a much larger impact on the lease than the MF. The cars should be well discounted at this time.

MF went up for the S560's while the S450 rates were more discounted. S450 residual is also better. That said, from the sound of it, your quoted MF is likely marked up. I suggest to post the actual rate for feedback.
Wolfman is offline  
Old 03-08-2019, 11:11 AM
  #5  
Newbie
Thread Starter
 
Join Date: Mar 2019
Posts: 4
Liked 0 Times in 0 Posts
2016 s550
The deal was for a 2019 S550 MSRP $122k. 3 year 36k miles. $1866.05 monthly payment. This includes sales tax of 6.63%. No sales tax upfront. Base Capital Cost of $112k . I was quoted residual of 46%, .0012 (MF). $4k due at signing - Dealer fee, acquisition fee, and 1st month. Thoughts?
BobBaxter_MB is offline  
Old 03-08-2019, 02:36 PM
  #6  
MBWorld Fanatic!
 
Join Date: May 2002
Location: Midwest.
Posts: 4,839
Liked 425 Times in 343 Posts
'18 E63s ED1, '17 SL550, '14 ML350
Originally Posted by BobBaxter_MB View Post
The deal was for a 2019 S550 MSRP $122k. 3 year 36k miles. $1866.05 monthly payment. This includes sales tax of 6.63%. No sales tax upfront. Base Capital Cost of $112k . I was quoted residual of 46%, .0012 (MF). $4k due at signing - Dealer fee, acquisition fee, and 1st month. Thoughts?
The discount ion the car is light IMO. Minus $1k incentive it's only $9k off. There is any opportunity for more discount. The MF unfortunately has gone up and looks about right. Used to be below .001 and the S450 used to be at .00066...
This issue here is the lower residual. I remember ours was at 59% for 30 months in 2015. Unfortunately this one is non negotiable

The only way to reduce the rates by lowering the price a bit. Not sure if there any other incentives you can apply. I would check. The trunk money will definitely increase over the following months to at least $5k.

Good luck!
Wolfman is offline  
The following users liked this post: Wolfman
BobBaxter_MB (03-10-2019)
 

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Thread Tools
Search this Thread
Rate This Thread
Rate This Thread:

Quick Reply: Best time to Lease a 2019 S550


Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: