ScramCLS

Hi All,

I have a 4 month old 2013 SL550 and I need to transfer the lease. Having a baby and need a car with 4 seats. Thought I'd post here and see if anyone was interested.

2013 SL550
Steel Gray/ Red Premium Leather/Black Ash Trim
Premium One Package
AMG Sport Wheel Package
Driver Assistant Package
Illuminated Door Sills
Wood Leather Steering Wheel
Analog Clock

MSRP was $116,345

23 Months left on a 27 month lease, 10,000 miles a year. Car has 2,800 miles on it. Payment is $1,990 a month and includes the tax.


Garaged and flawless, I will cry when it actually departs from my garage

You can email me at aavini@mac.com or call at 917-361-6854.

BigHat

Good luck. You'll need it.

ScramCLS

Thank you for your kind words.

Already have 3 applications in.

Good luck trolling forums on a Saturday night.

BigHat

I guess PT Barum was right.

ScramCLS

Well you would know.

BigHat

Well, what I also know is that when I built a car at that price, paid full retail(who does), financed it through MB for 27 months and 10,000 miles a year, added 5% taxes here in VA it's still cheaper than your USED car. But if you found sucker(s), good for you.

Edit: Seriously, I'm sorry. You deserve to market it the way you want. I should keep the facts to myself.

ScramCLS

Einstein, MB Finance has a 10% cap cost worked into their calculator.

Enjoy building, while I'm driving.

BigHat

And the ability to adjust it to zero as well. I did. Anyone willing to pay full retail could lease that car for $1,850 plus tax, ZERO down, and it wouldn't be USED. Were you high when you bought it?

A bit over extended financially? My condolences. But hey, why the harsh words, you have three buyers to chose from right?

ScramCLS

Thank you for your concern regarding my finances.

I feel really sorry for you. You obviously have a big chip on your shoulder.

Sad that some people can only be happy when they bully others. Enjoy your SL with a lower monthly payment, until wake up.

Have a good night, I sure will.

BigHat

That you expected to screw another forum member did generate a bit of a chip on my shoulder i guess. I saw your post, worked the numbers and wondered where the part where you send a check for $5K along with the paperwork for your USED car went. Good night to you too. Anyone who takes your deal needs to be committed. Of course, anyone so screwed up to need to exit a lease after four months has enough problems already. I love the baby coming line. Anyone actually believe that?

merc1234

ummmm...BigHat is correct. $1990 for a SL550 is ridiculous. You were seriously ripped off.

ScramCLS

118,345 MSRP
115,345 Sale Price
Money Factor: .00210
Residual: 65%
Term: 27 Months
Tax: 8.875%

Grab a calculator.

mjr24

Being a ***** on the forums isn't going to endear someone to take over your lease (not to mention your post history clearly shows you said you just bought a CLS63 in July...yet you need to get rid of the SL because you "suddenly" need 4 seats).

SLS

I just leased a new BMW 640I Gran Coupe for my wife, lists for $101k, lease pmt $1k per month, 36 months, 15,000 miles per year. Your lease payment is double with only 10,000 miles per year. The numbers just don't work.

red308

SLS, that is a good monthly payment. What are the numbers for your lease?
residual? money factor?

SLS

I found my spreadsheet, here are the exact #'s:

2013 BMW 640i Gran Coupe

36 Month Lease – Residual 62% of US MSRP – .00190 Base Rate
Retail Price $101,345

-----------------

Depreciation Expense
Price $89,810 which is a 11.38% discount (includes $895 dest chg & dealer markup)
Residual Value $62,834 at the end of the 36 month lease term.
Depreciation $26,976
Lease Term 36 months
>>Monthly Depreciation Expense $749.34 ( depreciation divided by 36 months for monthly pmt.)

-----------------

Lease Expense
Money Factor (MF) +0.0019
MF ED +0.0003 BMW makes one pmt on European Delivery as you have to wait for your vehicle to be shipped back, but really you pay for this.
Sub Total MF =0.0022
Less -0.00049 Buy down my lease rate. 7 * -.00007= -.00049 (Cost is $8,081.97) Full refund of this amount at lease end.
Total MF =0.00171 Lease Rate
Interest Rate 4.104 Effective Interest Rate on lease
>>Monthly Loan Expense 260.91 Cost of Money per month

--------------------------------
>>Monthly Pmt $1,010.25

Deal Rating 97.01
(90+ is a good deal)

Cash Required
Bank acquisition fees $725.00 to BMW Financial Services
MF (7+1) $8,081.97 Will get this back at lease end
Sales Tax @ 6.25% $5,613.13 Texas, you pay tax on the entire purchase price, up front.
Registration $260.00
Total $14,680.09

BMW Best Links for calculating the above values:

Lease Calculator Current Lease Rates (both of these sites are useful for calculating leasing value on any vehicle.)
BMW Pricing Configurator (useful for figuring up how much of a markup to offer the dealer.)

My BMW European Delivery Trip Report The only way to purchase a new Audi, BMW, MB, etc.
Mercedes European Delivery Program Would like to trade my SL500 for an SL65 at some point and pick up in Sindelfingen.

mikey94025

Leases can vary widely so they're difficult to compare, especially when the leasing terms differs (i.e. 27 months vs 36 months) and if the leasing company is willing to stretch the residual. There are a lot of attractive lease offers out there (but not always for the most desirable cars, though BMW often offers pretty good ones across their line). The numbers quoted by the OP are not that unrealistic for a 27-month term SL550 lease, even assuming a reasonable money factor. It may not have been a good deal, but unless you get an actual quote from a MB dealer you can't just say it's wrong.

BMW is offering great leasing deals for the Gran Coupe, was yours like this one?

http://www.bmwusa.com/standard/conte...regiontypeid=2

However that's $919/month without tax for a MSRP of $88,345.00 and assumes a $5000 down payment (cap cost reduction, prepaying payments). They also have a 640i GC deal for $799/month but based on a MSRP of $77,845.00 and $4500 down. Yes, these are all great lease deals in comparison even considering that the SL's MSRP is 40%-50% more and assuming zero/minimum down.

P.S. The 6-series GC is a sweet car and I seriously considered it instead of the SL. Too bad it doesn't offer a power trunk option... :-)

red308

SLS, thank you for the lease information. That is extremely helpful in deciding what I should do. I know that there are really differing lease packages and they are affected by time of year, inventory, etc.

I still have about 6 weeks before my SL on order arrives at the dealer. That gives me some time to figure out what to do.

Mark