turtle10250

Dealer (California) quoted me roughly $2,930/month incl taxes on a 36 month, 7,500 miles/yr lease. He was using a 58% residual and a money factor equating to almost 11% (shocking!!). This included $5,100 down (basically first month + 2,200 tags, fees etc.

I pushed and got him down to about a 9.5% int rate or about $110/month less. Still seems like very expensive financing though ......

Any views/info??

JRAMGV8

What model?

SAMSSONZ

if its not a 65 then your definetly getting ripped.

turtle10250

sorry ===> S63, MSRP of $141,300

srice

Turtle:

It seems to me that you are getting ripped. If you would like to know my terms, PM me.

hubitubi

mb financial rips everyone off on amg models.

WSH

Getting ripped off....

Ask MB owners in your area which dealers and salesguys they would recommend....in my expce, better/more honest dealers/salesguys have a deep base of savvy, repeat customers.....Darwinian selection perhaps?

S63 should be discounted, even in CA.....mkt is very soft...

Don't want to put money down on lease; mf roughly .00395; resid about 56% (vague recall from CL63 for 36 mos); get 7500mi/yr (price cost of extra miles vs pre-pay miles cost vs fact mileage is irrelevant if early-terminate lease); consider term of lease vs sales tx costs (each state calcs sales tx vs leases differently).....and how long really plan to drive car (vs early-termination implications)....

Also consider opportunity cost of one's capital vs tying it up in rapidly depreciating car; and consider leased cars have risk advantage over owned cars of lease-gap insurance.....

Less than honest dealers like fact that most customers don't understand basic lease arithmetic/logic, so very profitable transaction for dealer.....but, for most customers, actually buying any of these cars is economically inefficient vs an intelligently chosen lease, though perhaps writing a single check (w/full sales tx incld) is more nominally understandable for customers who don't understand leases (and prob many other financial transactions/costs/risks).....net, net, actually buying any new car is a fairly archaic concept; many guys <40yo have never bought/owned any car....they've leased cars all their life.....

Good luck; obviously, carefully diligence any other "deals" from this/any other dealer before signing the paperwork.....

turtle10250

Thanks SRICE -- i sent you a PM including my email address if you prefer that route

NY_SG

thats roughly what the CL63 is too.

I am wondering why so high in price.

SAMSSONZ

Also that sticker is too high for a S63, Is there a mark-up. or does the car have any aftermarket mods on it that they are charging you triple the price for.

JRAMGV8

True all dealers always try to rip the customers off especially what they quote you $2930 a month...

jl88

They aren't ripping you off, per se. If the dealer is quoting MB Financial lease rates(make sure you see with your own eyes the money factor and residual) and you're 700+ credit, he's not ripping you off. X65 and X63 models are notorious for depreciation and the money factor and residuals reflect it.

Just make sure you're not paying more than MSRP for the car. If the dealer is trying to add in points on the money factor for himself, then just leave and find another dealer.

MB Financial has set rates that are published.

noxxin

my sticker for an 08 S63 w 030 package, pano, rear seat package, distronic plus and premium 3 was $146,165. all factory installed equipment and no mark up beyond MSRP. you can add more factory options as well.

turtle10250

My car similar to Noxxin but no rear seat package (baby seats in back) and no Distronic (wouldn't use it)

I pressed my dealer ..... lease terms went from 2,930/month for 36 months (first payment down) to $2,740. Given the $6500 difference in payments, i'm pretty pissed that they would try to scalp me like that

jl88

Seriously, just walk away. They assumed your were some kind of whale they could swindle.

The dealer has to fully disclose everything, MSRP, money factor, and residuals. If they are not and the numbers seem to be off, walk away.

SAMSSONZ

I guess I under estimated the price tag on those beasts but I didnt expect them to go so high into 65 territory. But you seem to have the whole deal and then some. BTW, Saw a car with your same exact set up on ventura and winnetka yesterday, Thought it was you then I realized it was only a 550.

usctrojans1

SRICE,

If you don't mind me asking what are your terms for your S63? I am thinking of leasing one myself.

noxxin

could have been me except for the 550 part...we've been in the west valley a lot lately looking at houses.