2018 Mercedes G63 lease payment
12-06-2018, 01:06 PM
#1
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2018 Mercedes G63 lease payment
Hello All-
I found a new 2018 Mercedes g63 list price $154,151...selling price $139,151...what lease payment should I expect? 36 months 7500 annual miles Sales Tax is 7.75%
$4440 Down Payment
Thank you for your help in advance—
I found a new 2018 Mercedes g63 list price $154,151...selling price $139,151...what lease payment should I expect? 36 months 7500 annual miles Sales Tax is 7.75%
$4440 Down Payment
Thank you for your help in advance—
12-07-2018, 11:58 AM
#5
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Call the dealer and ask for the residual on 36/7500 for the MY18. This is a fixed, non-negotiable rate that is set by MBFS (they review every 60 days and update as needed).
The MF rates without markup were listed like this:
A1 = .00260
T1 = .00290
T2 = .00320
but I believe it is actually:
A1 = .00250
T1 = .00280
T2 = .00310
So Tier1 would be 6.72%
While everyone gets exited over MF, the residual is the number with the much larger impact on payments. The good thing is that the dealer has no influence over that.
You need to confirm both MF and residual with the dealer before you can use a lease calculator.
Dealer will likely mark up the MF to offset discounts on the car. Financing is yet another income stream for the dealer.
Hope this helps!
The MF rates without markup were listed like this:
A1 = .00260
T1 = .00290
T2 = .00320
but I believe it is actually:
A1 = .00250
T1 = .00280
T2 = .00310
So Tier1 would be 6.72%
While everyone gets exited over MF, the residual is the number with the much larger impact on payments. The good thing is that the dealer has no influence over that.
You need to confirm both MF and residual with the dealer before you can use a lease calculator.
Dealer will likely mark up the MF to offset discounts on the car. Financing is yet another income stream for the dealer.
Hope this helps!
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CDHG63 (12-07-2018)
12-07-2018, 12:13 PM
#7
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Thread Starter
Call the dealer and ask for the residual on 36/7500 for the MY18. This is a fixed, non-negotiable rate that is set by MBFS (they review every 60 days and update as needed).
The MF rates without markup were listed like this:
A1 = .00260
T1 = .00290
T2 = .00320
but I believe it is actually:
A1 = .00250
T1 = .00280
T2 = .00310
So Tier1 would be 6.72%
While everyone gets exited over MF, the residual is the number with the much larger impact on payments. The good thing is that the dealer has no influence over that.
You need to confirm both MF and residual with the dealer before you can use a lease calculator.
Dealer will likely mark up the MF to offset discounts on the car. Financing is yet another income stream for the dealer.
Hope tyou ...his helps!
The MF rates without markup were listed like this:
A1 = .00260
T1 = .00290
T2 = .00320
but I believe it is actually:
A1 = .00250
T1 = .00280
T2 = .00310
So Tier1 would be 6.72%
While everyone gets exited over MF, the residual is the number with the much larger impact on payments. The good thing is that the dealer has no influence over that.
You need to confirm both MF and residual with the dealer before you can use a lease calculator.
Dealer will likely mark up the MF to offset discounts on the car. Financing is yet another income stream for the dealer.
Hope tyou ...his helps!
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12-07-2018, 01:55 PM
#9
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Thread Starter
One could argue that Purchasing/Leasing a g63 isn’t very smart in the first place...most autos are depreciating assets and represent a poor financial choice...that being said...There are some advantages to leasing that in the case of the g63 include an agreed future value...while the current generation g63 has done quite well with future value...the last 60 days have seen the values of the current (not 2019 g550/g63) rapidly decrease. With the release of the 2019 g550 and imminent release of 2019 g63...the forecast for used values of a 2018 g63 would appear to be declining...My CPA helps me make the final determination of purchase vs lease...Cheers
12-07-2018, 06:54 PM
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In our case, we used to buy outright but now switch cars every two years; tech just moves too fast. To me, there is no pride in owning a quickly depreciating asset and tax-wise leasing beats purchases for our business...
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Deutsch100 (12-07-2018)
12-08-2018, 12:03 PM
#11
A very limited view... There is no right or wrong way to do this. Everyone has a different scenario that will work for them and that doesn't mean it's income/age-based. After all, we are discussing a G-Wagon
In our case, we used to buy outright but now switch cars every two years; tech just moves too fast. To me, there is no pride in owning a quickly depreciating asset and tax-wise leasing beats purchases for our business...
In our case, we used to buy outright but now switch cars every two years; tech just moves too fast. To me, there is no pride in owning a quickly depreciating asset and tax-wise leasing beats purchases for our business...
12-08-2018, 03:19 PM
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For business/tax purposes, leasing is better under most circumstances than a purchase. Trucks are obviously better than cars, but still.
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Deutsch100 (12-08-2018)
12-08-2018, 03:24 PM
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My comment doesn't make any assumptions of the OP's financial situation. He came on here asking about a lease payment which tells me he isn't very experienced with leases or else he would know what to research and figure it out himself. You pointed out that the interest rate is 6.72% for T1 credit and I thought I'd help the OP out by alerting him that buy rates are way better. It's quite obvious we have a different view based on your comment that you don't see why everyone gets worked up over the MF when the residual is what impacts the payments - if I'm not paying cash for a car, the ONLY thing that matters to me is the interest rate.
12-08-2018, 04:18 PM
#15
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My comment doesn't make any assumptions of the OP's financial situation. He came on here asking about a lease payment which tells me he isn't very experienced with leases or else he would know what to research and figure it out himself. You pointed out that the interest rate is 6.72% for T1 credit and I thought I'd help the OP out by alerting him that buy rates are way better. It's quite obvious we have a different view based on your comment that you don't see why everyone gets worked up over the MF when the residual is what impacts the payments - if I'm not paying cash for a car, the ONLY thing that matters to me is the interest rate.
I was asking for some insight to the MF people are seeing at the MB dealers in the last 30 days...I try to see what is happening in the marketplace before going to any dealership...In Santa Monica, our dealers are less honest and a bit greedy and typically add the “SoCal” tax to anything and everything...
Cheers
12-08-2018, 04:20 PM
#16
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My point may have been lost. To me, it's neither about the interest or payment amount. If you plan to keep the car for a significant amount of time, buying always makes sense. If you keep the car for only two years only, you will loose money. Even with zero interest rate or outright purchase, there is typically a loss. While the G-Wagon maybe different, most MB's loose more in value than the residual stated in the lease. You will simply loose more money when purchased...
For business/tax purposes, leasing is better under most circumstances than a purchase. Trucks are obviously better than cars, but still.
For business/tax purposes, leasing is better under most circumstances than a purchase. Trucks are obviously better than cars, but still.
Well Said—-Cheers
12-08-2018, 05:58 PM
#17
If you don't factor the cost to borrow money as more than giving "you a sense of a good deal", then you're an idiot.
Last edited by twist-a-grip; 12-08-2018 at 06:08 PM.
12-08-2018, 06:07 PM
#18
You have an interesting way of providing information and assistance. Your responses suggest that I am possibly a “stupid 23 year old” or very inexperienced with leases....the facts about me....First, I already enjoyed my 20’s, my 30’s were pretty great a well. And with my family and children, thoroughly enjoying my 40’s...not 23, but I would enjoy traveling Europe again....great year for sure. Next, I have leased many vehicles for my companies and purchased many as well...As the tax code provides certain benefits for leasing vs buying (section 179)...leasing has become attractive since I may dispose of the vehicle within 36 months...if the vehicle outperforms its’ expected residual value, I may purchase at lease end.
I was asking for some insight to the MF people are seeing at the MB dealers in the last 30 days...I try to see what is happening in the marketplace before going to any dealership...In Santa Monica, our dealers are less honest and a bit greedy and typically add the “SoCal” tax to anything and everything...
Cheers
12-08-2018, 09:36 PM
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But we're not talking about all MBs - we're discussing G63s. I've owned 3 G63s and a 4x4 and came out way better paying cash or financing than leasing. And, if you buy your G at the end of the lease because it's value is way better than the residual (like the G63 has been for years) - you lose the tax benefit of leasing.
If you don't factor the cost to borrow money as more than giving "you a sense of a good deal", then you're an idiot.
If you don't factor the cost to borrow money as more than giving "you a sense of a good deal", then you're an idiot.
You do what you feel is right for you and let others do the same.
12-09-2018, 01:07 AM
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The OP asked for specific info; you provided some opinion and commentary nobody asked or cared for.
12-09-2018, 11:37 AM
#22
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Thank you for contributing intelligent input for the benefit of the forum...I tend to give people the benefit of the doubt when they insult or attack someone without any real provocation ..possibly they are under severe stress or experiencing problems that are creeping into other parts of their lives...My parents taught me, by example, to treat people with respect...on a high note....I saw 6 2019 G63’s in person yesterday...Looks great in person and sounds better than my 911...might be quicker as well...My “old” G63 that I have truly enjoyed has some competition for garage space.....lol. Cheers everyone
Last edited by CDHG63; 12-09-2018 at 11:39 AM. Reason: .
12-09-2018, 01:23 PM
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Thank you for contributing intelligent input for the benefit of the forum...I tend to give people the benefit of the doubt when they insult or attack someone without any real provocation ..possibly they are under severe stress or experiencing problems that are creeping into other parts of their lives...My parents taught me, by example, to treat people with respect...on a high note....I saw 6 2019 G63’s in person yesterday...Looks great in person and sounds better than my 911...might be quicker as well...My “old” G63 that I have truly enjoyed has some competition for garage space.....lol. Cheers everyone
Last edited by Wolfman; 12-10-2018 at 04:26 PM.
