Fantasm

Can you guys give me estimates of what you have received / what it should be for a 27 month lease on an SL63?

I'm waiting on final numbers from the dealer tonight, but they verbally estimated that it'd be around $3500... seems high... $94500 over 27 months?

Dean62

can't comment directly on the 27 month lease but I received a price of $3000/ month for a 39 month lease. $1000 cap reduction. Is that equivalent to your 3500 on a 27 mo. lease?? Economists may be of more help.

Imahobo

That sounds really high. What's the price, residual and money factor?

Fantasm

It'd be cheaper to finance it, wow. The only reason I'd see lease being an option is tax purposes, I guess.

Fantasm

wtfff, $3520 + $6000 down for a 39 month lease???
what did other people get for their lease numbers?

Fantasm

39 month residual is $52K, FYI guys

Kar don

wow, what a joke! Leasing has really gone down the tubes.

Dean62

seems like the interest rate on that lease is in excess of 10%. I'd say that represents something less than tier 1 credit. One of the side effects of deregulation, Wall street meltdown (thanks Dubya) is a tightening of the credit market. We should see higher monthly numbers overall. I was told that AMG cars have the least favorable rates anyway.

Fantasm

interest rate is 8%, 2 points higher than my friend who has high tier1.
his S63 is at 6%. so its higher overall on AMGs.
for comparison, a GL450 was 2% for me.

NY_SG

Wow that is plain rubbish nowadays with leases **** wow 3500 for 27 months. Tell them to go eat ****.

THATS CRAZY AND NUTS!

Kar don

so u ended up paying??? 3500?

Fantasm

yah, $3522 or so...

blazinginder

wouldn't it of been better just to finance it and then sell it when you're "done" with it?

Dean62

was just wrestling with the same issues. On leasing I was given a no money down price of $2,999.00. I checked out financing and on a zero down financing deal 60 months my monthly is $2,950 or so. At the 39th month of my financing according to MBUSA my 150K SL will then be worth 75K. According to an amortization schedule the balance of my loan will be about 62K so I should have 13K in equity.

Seems like its a no brainer...in this instance financing is a better deal than leasing. Any other opinions?

CY

horrible horrible deal

NY_SG

yeah just finia that car. Its crazy lease payments nowadays dont make any sense at all for highend cars.

I was given 3700 a month for a clk BS for 36 months. I told them to go to Hell.

Friend of mine got an SL63 on order he is also planing to lease for 27 months. He said he wont be paying more than 2500 a month. I dont know how but if he gets it good for him.

I told him everyone is paying around 3000 to 3500. GOOD luck to him. But again maybe he would get a deal. He swaps 5-6 benzes so far this year.

AMG 17GT

Hmmm....I will be dropping my sl550 off next month. Acccording to MB after 27 months my residual is 78k, and the car is worth maybe 59k. I would not rely on that 75k figure over 39 months at all, however, MBs lease rates are at such a high now that it makes sense to just get a second mortgage and write it off.

My quote for the 63 was 2600 for 36 with 2k down and 15k mileage. Still very high.
I personally believe we will be able to buy a sl63 in 2 years for around 80, and that makes more sense to me.
Paul

sack5000

With the residual at 78K and the car worth 59K, what will they sell the car for? Will they negotiate?

AMG 17GT

MB will occasionally do a "market adjustment" and lower the residual so it is more appealing at the end of the lease, but they rarely do it on Sls.

MB of course has residual insurance, so they will just take it to auction and sell. Big loss.....Kind of reminds me of credit default swaps in the mortgage market.

Paul

allenjdmb

are long gone, at least with MB Credit. Now, an independent leasing company might be willing to aborb more risk, but all the manufacturer's credit arms are a different place to do business than they were 90 days ago. Kinda makes me wonder what they're going to do with all the 60-120K cars they have. The low end will find a way, and the top end will pay cash or leverage. But the middle? Going to be interesting.
BTW, have you tried Premier or Putnam Leasing? Both have been helpful to my customers in the past.

Imahobo

I tried to negotiate a better lease-end buy on a Porsche that I had, and was told they wouldn't take off one dollar. It was later explained to me that the manufacturer had sold the lease to a third party as soon as it was signed... they didn't really even want the car back because they would be competing against themselves for new car sales.

One thing that helps to explain why leases on these expensive cars are so high: when you lease a car, you are paying interest on the whole amount of the car; not the difference between the purchase price and the residual. The more expensive the car, the greater the effect, making it kind of a rip-off.

AMG 17GT

I agree,

Europe is having a tough time with the financial b**** we forced down their throat, but Euro libor though is expected to drop again and these are short short terms. 9.5% is an insult on this term.

I still cannot get my head around the fact that this will directly affect their sales. They subsidize all models except sl, so maybe third party is way to go. Now I just read amother forum members claim they are reducing 63s by 60% production. Are they not in this thing to sell cars? Not to mention that the more 63s they produce the less it costs them.

Strange market.

AMG 17GT

Curious then...... what are putnams or premiers lease prices on a 135k sl63 over 27 or 36 and no down 12k year? What are the rates and residual %?

Assume A paper.

Paul

Dean62

what do you mean?? Of course you're paying interest on the whole value. You're not leaving that differential in the deaerhip's showroom as you drive around in your new SL. Think of it as a box of cash. The manufacturer just handed you a $150,000 dollar box of cash that you pay down one month at a time. Since you're depriving them of the use of $150,000 why wouldn't you expect to pay them interest on the full amount?

In the end the middle never could afford what they were driving in the first place and there in lies a significant portion of our current financial problems. How long could MBUSA or any organization make up $19,000 in lease end differentials as was the case with ROMEO550? If MBUSA is going to live in reality they need to get 19K more over the life of that lease. That will make that lease approximately $500 more per month. Hence, why things are going to cost us all more, because we haven't been paying enough for a long time. Driving high-end cars and living in McMansions are a thing of the past for the vast majority of those who have been living in fantasy land.

Murtaza

Wow I didn't know leasing was so bad for the SL63

You could lease around 2 M6's for that price.