California John

Does anyone know what the money factor is for a 3 year lease on the new SL63? I shall be leasing one for 3 years (assuming I can make a reasonable deal) but have no idea of current lease rates. Assuming I have top credit and leased my last 3 Mercedes from Mercedes (including my last two AMGs - GTS and GTC) what is the money factor I am looking at? Yes I know it is another area of dealer profit especially if they can jack up the MF a lot, I live in SoCal.

CincyMBGuy

Lease rates are absolutely horrendous at the moment. I'm unsure of the MF as I haven't done an SL lease yet but for that matter, I haven't done a lease in probably 3 months.
Residuals are way down, I would expect it in the 50% range a a 3-year for the SL.

Tifoso48

This is just a hypothetical question. Assume one buys an SL and you end up paying a $ 50 k ADM. Would that be part of the lease and monthly lease payments or would that be paid for separately - just curious?

If it is part of the lease, would't that have a horrible impact on the residual?

CincyMBGuy

Unless you paid that $50k as a down payment, it would be broken down into monthly payments.

Tifoso48

So, it becomes subject to interest as well - kinda like adding insult to injury

alexasa

iTrader: (1)

Not really, residuals and MF are set according to lease terms (mileage/year) - dealers will usually try to inflate them to make more profit but you should try to get them to honor whatever the current monthly rate is on the specific model.

Paying ADM will simply increase monthly payment if not accounted for in trade in value or downpayment (you should never put money down on a lease).

mkraft3003

AMG products are always standard MF with no incentives. Not sure what it is this month but probably .00187 or higher.

Alan Smithee

Money factor for September given optimal credit is .0023, and Tier 1 is .0026. Dealer wanted to jack those numbers up on an MSRP deal, so I walked. Residual is 52% for 36 months on the SL55 @10k miles/year.

Alan Smithee

Residual is a percentage of MSRP…so ADM would have a big impact on payments if not paid up front.
…and taxes!

Alan Smithee

Residual values are fixed and not negotiable on either side.

Look for dealer pad on the acquisition fee as well…should be $795.

mkraft3003

ouch. Even higher than I thought.

Wolfman

Residual has higher impact than MF.
Unlike the AMG GTC/GTR which had a higher cost per excess mile I believe the SL is still at 25 cents a mile.

Try to get the highest residual. So go for 7500 miles a year and maybe pick a 30 month lease.

Even if you use more miles, this becomes an end of lease/next car negotiation.
Push back hard against MF markup and ADM. Walk if needed…

Couple things to keep in mind, the SL is produced on a much larger production line in Bremen (unlike the prior GT models).

This will not be a rare car and they can push 20k cars a years without breaking a sweat.
These models will be discounted in the future.

Tifoso48

Just talked to my sales guy here in DC - he says 4.5% for folks with brilliant credit and history - 5.5% for mere mortals.

Alan Smithee

^ If you are referring to leases, nobody is getting below the buy rate of .0023, which is the equivalent of 5.5%. At least here in So Cal…maybe the buy rate differs by region.

Tifoso48

yes, those numbers were for a lease.

places

Unless running through a business, financing sometimes the better way on AMG. Of course MSRP only. If you finance ADM, good luck with that.

ILoveNY

so it will worth about half in 3 years?

ILoveNY

50% sounds about right