2021 S580 Lease Offer

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Dec 22, 2021 | 09:11 AM

#26

jasonbessey

Thread Starter

Junior Member

Joined: Dec 2021

Posts: 70

Likes: 26

Mercedes s580

Thanks all. At the end of the day I’ve decided I just can’t stomach this markup. I’m going to buy out my E43 at end of lease on short term financing and just wait it out.

Dec 22, 2021 | 09:27 AM

#27

konigstiger

Out Of Control!!

Joined: Jul 2003

Posts: 15,901

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From: North Scottsdale, AZ

'71 Pinto

although another brand, recently did the same never paid MSRP let alone added markup for ANY brand!

Dec 22, 2021 | 10:04 AM

#28

SW20S

MBWorld Fanatic!

Joined: Jun 2015

Posts: 9,141

Likes: 4,630

From: Maryland

2024 S580

Quote:

Originally Posted by jasonbessey

Thanks all. At the end of the day I’ve decided I just can’t stomach this markup. I’m going to buy out my E43 at end of lease on short term financing and just wait it out.

Thats the right decision. This will pass...

Dec 22, 2021 | 11:24 AM

#29

places

MBWorld Fanatic!

Joined: Oct 2018

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From: Washington DC

No more MB:(

Quote:

Originally Posted by jasonbessey

Thanks all. At the end of the day I’ve decided I just can’t stomach this markup. I’m going to buy out my E43 at end of lease on short term financing and just wait it out.

Congratulations and wise choice. Now is a terrible time to buy a car. Wait it out.

Dec 22, 2021 | 12:05 PM

#30

JTK44

MBWorld Fanatic!

Joined: May 2018

Posts: 3,048

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From: Long Island, NY

2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster

Quote:

Originally Posted by jasonbessey

Thanks all. At the end of the day I’ve decided I just can’t stomach this markup. I’m going to buy out my E43 at end of lease on short term financing and just wait it out.

When you are near the end of your lease, April 2022, check with MBFS to see if they will extend your lease. Presently MBFS is giving two months extensions. Then when the extension is nearly up, place an order for another Mercedes. Until that car comes in, Mercedes will continue to extend your lease. When the new Mercedes comes in, (you are under no obligation to take it), then decide whether to turn in your Mercedes, buy it or take the new one putting the equity in your present Mercedes towards the new one.

This is what I am doing. If things in 7 months are as they are now, I intend to buy Mercedes keeping the equity in my car.

Under no circumstances will I ever pay MSRP, never mind a premium over MSRP. Those today who are paying MSRP or over MSRP will be extremely disappointed when they go to sell and/or trade in their cars.

Dec 22, 2021 | 02:47 PM

#31

Wolfman

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Joined: May 2002

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From: Land of 10,000 lakes

AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe

Quote:

Originally Posted by jasonbessey

I’ve cast a fairy wide net looking. Not a lot out there in my area.

I don’t think I can extend my lease without another car on order. E43 can be bought for 50 at end of lease.

In normal times, how much below MSRP could I get to for the s-class?

Realistic discount off list would be 10%. The W222 had significant discounts above that due to trunk money. Whenever something doesn't sell it gets incentivized.

The issue is as mentioned in the thread. Markup on price, mark-up on leases and in some instances, require dealer-added options like PPF, etc. The MF on the S-Class should be .00139 which in itself is incredibly high. The 2020 S-Class had an MF of .00036 late last year.

EDIT: I guess I didn't read the thread to the end first. Good move!