Lease & Finance rates of new S550
#76
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'10 MB S550, '11 RR HSE LUX
There is a good solution which can be a patent subject so I do not want to disclose it here. Regarding person in a car, more likely you can't run 15mph and do texting. If you ride a bicycle and moving faster than 15mph it can be dangerous as well for texting. So far I didn't see any bicyclist doing texting. Did you? For speeds over 200mph, like being in a plane, the system will allow texting.
Perhaps in Russia people don't travel by bus or train, but you have to consider something between the car and the plane in the rest of the world.
#77
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Sd.Kfz 182
#78
I never realized so many people leased and financed the s-class. I looked at it with the business write off doing low mile lease's in 3 different ways. If you have the money to be able to drive a 100k car why not pay for it. And yes i make money with my money and I can beat the money factor etc but they still get the better of you any way you cut it. Basically, I dont need to borrow money from MB financial to fund other business deals.
BTW, there is no way the fully loaded s class at 120k plus is going to lease for 1300 unless you pay 20k down which would be financial suicide. (wreck the car, it gets totaled)
Also, tires going 60k on a s-class with 19+ tires. ha ha
BTW, there is no way the fully loaded s class at 120k plus is going to lease for 1300 unless you pay 20k down which would be financial suicide. (wreck the car, it gets totaled)
Also, tires going 60k on a s-class with 19+ tires. ha ha
After warranty expires, most high end modern cars turn into ****buckets that costs $2k+ every time you need to fix something. I bought my 2011, leasing my 2014.
#80
Lease can be a lot better than buying...
I actually spoke with my State Farm agent about the total value if I drive it off the lot and total the car. Without filing a claim, State Farm Insurance cannot tell me what they would pay me for the car.
In the end, I still believe that unless you drive enough miles for business (75% or more), you will always lose more on a lease than owning the car (let's face it, a car is a depreciating asset so we all lose money but we are willing to trade that for the utility and enjoyment of the car).
The only time leasing absolutely does not make sense to me is if you are leasing the car for the lower payment because you cannot afford the higher payment to buy it. If that is the case, then you are driving the wrong car. That does not apply to the folks on this list buying this car I presume. But maybe that depends if you meet the MBUSA "typical" buyer profile who is a 61 year old married male with an annual household income of $371,000.
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After all that, when we purchased my wife's E350 ragtop, the lady in the business office said she did far more leases than purchases so that tells you something about this market anyway.
Tom
99 days to Stuttgart!
1) the residual of the car that you are interested is questionable even if you want to keep it for 10 years. I leased an 05 CLK55 and my residual was 48K. But by the time my lease expired in 09, Mercedes offered us to buy the car at $40K. I found a couple same year CPO that was available for 34K (one extra year of warranty and about 20K miles less). At the end, we wait another year and pick up a 05 clk55 CPO with 15K mi for 31K. So even if you really like the car and want to keep it for a long time, having the free residual guarantee from the car manufacturer is a very valuable asset
2) The finance rate for a lease can be better than buying..Different manufacturers push car sales differently each year. Sometimes they would push purchase more by offering 0% finance or very high rebate for buying only. Other time, they want to push sales through leasing and will enhance the lease incentive. How can you make a sweeping statement without looking at corresponding incentive for each?
3) And then it come to opportunity cost concept. The money that I did not put into a cash purchase (god forbidden) deal or higher monthly payment by financing a purchase, I could make money on it. The question is whether I can make enough to justify the cost of stretching out the finance cost in a lease (lease is essentially a purchase with low monthly payment and a balloon payment at the end of the lease if I want to buy the car at that point with a few hundred dollars of acquisition fee throw into the mix of calculation. But in California, I can save some sales tax if I end up not wanting the car. Some state you don't have the option). For the last 10 years, my average return is about 32% a year.. It is beneficial to me that I borrow as much money as I am comfortable with the risk that I am taking. So leasing is the right thing for me.
Leasing vs buying is a much more complicate trade off than you want to make it out to be. To me, the free residual guarantee by itself is worth the price of the lease. Car are depreciating asset, but there is nothing written in the law that you and I should pay for all the depreciation if car manufacturer is kind enough to offer us some help (through their mispricing of the residual. It is a crap shot for Mercedes or any auto manufacturer on the residual since no one really know how much a given model will fetch 2 to 4 years in the future.)
#81
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AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe
Somehow these responses seem overly complicated.
To me it comes down to duration. If you switch your cars every two to three years, there is no other option than to lease. Purchasing is out of the question unless you like to get raped at selling time.
If you want to keep the car for six years or so then purchasing makes sense...
If a car is in great demand, there are typically lousy lease deals or great financing rates for a car with lesser discounts. Either way not ideal, but it's the price of admission.
I used to keep cars for a long time, but these days are over. Not just because the level of electronics represents a greater risk but there are so many cool features coming at a faster rate
To me it comes down to duration. If you switch your cars every two to three years, there is no other option than to lease. Purchasing is out of the question unless you like to get raped at selling time.
If you want to keep the car for six years or so then purchasing makes sense...
If a car is in great demand, there are typically lousy lease deals or great financing rates for a car with lesser discounts. Either way not ideal, but it's the price of admission.
I used to keep cars for a long time, but these days are over. Not just because the level of electronics represents a greater risk but there are so many cool features coming at a faster rate
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#82
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S65 ML63 SL65 S63 G63
FYI...stopped by daytona beach mercedes benz to lease a 2014 s63...make sure your sitting down for this...2 year lease 15k miles per year sale price was 154k they took 1k off msrp. Balloon payment 97,000.00..residual was 48 percent..has anyone else leased the s63?
#83
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‘23 Rivian R1S, ‘22 Maybach S, ‘24 RR Autobiography, ‘22 Tesla X, & ‘9
Unfortunately the more expensive the car you get within a model line the lower the residual. This is for other makes as well. Next S63 buyer just isn't paying the same premium over the S550.
#84
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2014 S550, 2014 Porsche Turbo S, 2013 Bentley GT Speed W12
I think a well optioned S5504m should fetch for @ 1400/ month with 2-3k down for a 2 year lease. Don't hold me pinned on that one, but I see those numbers being close.
#90
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Does anyone have any new lease rates?
Want to order 15 s550 however I know for sure the advertised rate of $1499 will not be achievable. Will need more options than P1. And a msrp of $110k ish.
Thanks!
Want to order 15 s550 however I know for sure the advertised rate of $1499 will not be achievable. Will need more options than P1. And a msrp of $110k ish.
Thanks!
#91
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Seems like are holding steady on lease rates with their horrible money factor. I am sure there will be deals on the '14 models by April though.
I was wondering about their finance calculator though. On the S63 financing, the rate equalled 0% APR at 60months...
I was wondering about their finance calculator though. On the S63 financing, the rate equalled 0% APR at 60months...
#92
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Dealer said if I were to order it would be a 2014 MY. And 2015 will start in May. Is he misinformed? Seems like 2015 prod already started for May deliveries.
Also doing a couple thousand off of msrp, not bad.
Also doing a couple thousand off of msrp, not bad.