E63 lease special- $999 a month
It took MBUSA 3 years to offer a $999 a month lease on the E55. But less than a year to offer the same deal on a E63.
$ 91,700 MSRP- 33 month/ $6900 drive-off/ 10,000 miles a year= $999 per month. E63's are not selling! :X |
Are they not selling or did they just make too many of them? Around here it's not always easy to find an AMG on the lot. Waiting lists etc. When the 63s came out you could walk on the lot and drive one off. E63, CLS63, CLK63 all available.
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I'm sure its a regional thing, but I doubt that MB has built more than usual.
IIRC AMG built roughly 1000 or more E55's per year during its run, I would estimate that they are building the same amount of E63's. Its more likely that people just aren't buying them as fast as MB anticipated! |
I wonder if I should make the switch. I'm paying $1,400 a month, straight finance with a 5.2% rate on a 60month. I got about 3 years left. The equity in my E55 would cover the 7k down. Then I'd only pay the 1k a month. Of course there's tax etc. Wonder what the catch is on this $999 lease deal. Mileage isn't an issue. My E55 only has 14k miles on it. I've never leased before. Hmmm, what do you think?
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I only lease, but then I also write it off and use the money saved to aggressively invest. If I do well, I get another nice car. If not, it'll be a Honda Accord for $199.
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Originally Posted by bfnnrgn
(Post 2184428)
I wonder if I should make the switch. I'm paying $1,400 a month, straight finance with a 5.2% rate on a 60month. I got about 3 years left. The equity in my E55 would cover the 7k down. Then I'd only pay the 1k a month. Of course there's tax etc. Wonder what the catch is on this $999 lease deal. Mileage isn't an issue. My E55 only has 14k miles on it. I've never leased before. Hmmm, what do you think?
Personally I rather own a 55 than a 63. From a financially savvy point of view unless you have the need or ability to write-off a portion of your lease I would keep the 55. $7000 drive off plus $33,000= $40,000 to rent a E63 for less than 3 years.:smash: |
Originally Posted by JLP
(Post 2184452)
Personally I rather own a 55 than a 63. From a financially savvy point of view unless you have the need or ability to write-off a portion of your lease I would keep the 55.
$7000 drive off plus $33,000= $40,000 to rent a E63 for less than 3 years.:smash: After the 3 year lease what is the buy price on the E63? It's really a lose lose no matter what, but I don't care. I'm enjoying them. :zoom: Though I will admit I like the crazy torque of the 55. However ever since I got the SLK55 I rarely drive the E55. SLK is just much more fun to drive. |
supercharge it!
:v:
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Originally Posted by SLK55R
(Post 2184485)
:v:
Neal at Euroteckmotorsports has been trying to distract me with shiney new CF components. He finally located the much sought after CF instrument cluster. |
Originally Posted by bfnnrgn
(Post 2184472)
Though I will admit I like the crazy torque of the 55. However ever since I got the SLK55 I rarely drive the E55. SLK is just much more fun to drive.
Sell one of the Benz's and get something different.....Lotus-Porsche-Ferrari-Maserati-Z06 |
Originally Posted by JLP
(Post 2184398)
It took MBUSA 3 years to offer a $999 a month lease on the E55. But less than a year to offer the same deal on a E63.
$ 91,700 MSRP- 33 month/ $6900 drive-off/ 10,000 miles a year= $999 per month. E63's are not selling! :X |
Since we are on the topic of E63 pricing. I was looking at used E63s. What is a good price for a used E63 with 10k miles? Would it still be more favorable to lease a new one?
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LEASING ISN'T ALWAYS A BAD WAY TO GO. THERE ARE ABOUT 5 GUIDLINES THAT YOU SHOULD CONSIDER BEFORE DOING A LEASE.
-OBVIOUSLY STAY UNDER THE ALLOCATED MILEAGE -YOU HAVE TO HAVE GOOD CREDIT(BUT ON A 55 EITHER WAY (lease or finance)YOU HAVE TO HAVE AT LEAST A 700 SCORE) -IDEALY TRY TO PUT THE LEAST MONEY DOWN MAINLY BECAUSE YOU WILL LOSE THAT DOWNPAYMENT MONEY GODFORBID AN ACCIDENT,STOLEN, ETC. INSTEAD A FINANCE YOU HAVE EQUITY IN THE LOAN -AT THE END OF THE LEASE DEPENDING ON WHICH GUY YOU GET TO LOOK OVER YOU CAR YOU CAN SOMETIMES OCCUR A HEFTY BILL EVEN FOR NORMAL WEAR AND TEAR. SCRATCHED RIMS, TIRE TREAD/CONDITION, AND A TINTED REAR WINDOW(THEY CHARGE YOU FOR A WHOLE NEW WINDOW BECAUSE THEY SAY WHEN THEN HAVE TO TAKE OF THE TINT IT DAMAGES THE DEFROSTER COILS. AND OF COURSE EVERYTHING IS EXTREMLY PRICE INFLATED.:smash: -LASTLY, YOU CAN'T GO CRAZY WITH ANY PERFORMANCE UPGRADES BECAUSE THEN YOU GOTTA RIP EVERYTHING OUT. IT MAY SOUND BAD TO SOME BUT I USED TO LEASE ALL THE TIME AND AS LONG AS YOUR CAREFULL IT CAN BE VERY BENIFICAL. IF YOU HAVE A BUSNIESS ITS A GREAT WRITE OFF AND A LEASE CAN GET YOU A NEW VEHICLE AT A DECENT PAYMENT. WHILE WHERE ON THE TOPIC USED CAR LEASING ON THE OTHER HAND IS NOT ADVISED, SOMETIMES IT WORKS ONLY IF YOUR GETTING A BENTLEY OR FERRARI OF THAT KIND: |
Why would you want to buy an E63? They’re slow and have no torque.
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Originally Posted by gE63
(Post 2184521)
Why would you want to buy an E63? They’re slow and have no torque.
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Originally Posted by BMWEATR
(Post 2184512)
THEY WILL BE NOW! I might go buy one for that!
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Originally Posted by kaze81
(Post 2184526)
I am confused with the statement while you have one?? :D
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7k in drives is steep. Why lease a car and put 7k into it? With no money down your pmt is in the 1200's including tax, granted the money factor and term stays the same.
Doesnt seem that great of deal to me. I would need to see what the gross cap cost is as well as the money factor and residual. Knowing MBZ the residual and MF are sky high. |
Originally Posted by bfnnrgn
(Post 2184428)
I wonder if I should make the switch. I'm paying $1,400 a month, straight finance with a 5.2% rate on a 60month. I got about 3 years left. The equity in my E55 would cover the 7k down. Then I'd only pay the 1k a month. Of course there's tax etc. Wonder what the catch is on this $999 lease deal. Mileage isn't an issue. My E55 only has 14k miles on it. I've never leased before. Hmmm, what do you think?
Put it this way: I just gave a 109k loan at 84 months at 6.00% and the total payments are 1610 per month or 135240 dollars over the life which is a difference of 26240. If we took your computations then 6% of 109k is 6540 which only totals 115540. Hope this makes sense. |
I think I will lease one for the wife so I can DRAG it :-)
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Originally Posted by Vic55
(Post 2185252)
I am little confused, if you are paying 1400 per month for 60 months then your total of payments is 84k and that means your amount financed was much less since the 84k equals amount financed plus finance charges. Oh and your math on paying 84k at 5.2% equalling about 89k is way off since your loan is amortized over 60 months. Can you please clarify?
Put it this way: I just gave a 109k loan at 84 months at 6.00% and the total payments are 1610 per month or 135240 dollars over the life which is a difference of 26240. If we took your computations then 6% of 109k is 6540 which only totals 115540. Hope this makes sense. |
Originally Posted by bfnnrgn
(Post 2184472)
True. But this is also valid. I paid $85k for the E55 after discounts. $85k + finance charges @5.2% = $89k After 5 years when it's paid off, assuming I even keep it that long, it'll be worth what? $25k-$30k at the most if that. $89k - $25k/$30k = $54k/$49k over 5 years. That doesn't include that the warranty on the 55 will be up before 5 years.
After the 3 year lease what is the buy price on the E63? It's really a lose lose no matter what, but I don't care. I'm enjoying them. :zoom: Though I will admit I like the crazy torque of the 55. However ever since I got the SLK55 I rarely drive the E55. SLK is just much more fun to drive. |
Originally Posted by JLP
(Post 2184398)
It took MBUSA 3 years to offer a $999 a month lease on the E55. But less than a year to offer the same deal on a E63.
$ 91,700 MSRP- 33 month/ $6900 drive-off/ 10,000 miles a year= $999 per month. E63's are not selling! :X |
Originally Posted by JLP
(Post 2184452)
Personally I rather own a 55 than a 63. From a financially savvy point of view unless you have the need or ability to write-off a portion of your lease I would keep the 55.
$7000 drive off plus $33,000= $40,000 to rent a E63 for less than 3 years.:smash: |
either paying $40k for a lease or losing $40k in 3 yrs when you buy, you're screwed in the ass. MBs, AMG or not lose value too damn fast. i never understood why AMGs have such horrible resale values, given the limited production numbers and high profile. BMW M cars do so much better.
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