skooby

$999 Monthly Payment Calculate Other Monthly Payments
27 Month Term
$5999 Down Payment
NA Security Deposit
10000 Annual Mileage
Restrictions Lease is based on the 2008 E63 AMG equipped with optional Premium Package P2, and $2,000 lease cash. Dealer may contribute up to $3950.25 towards the $999 monthly lease special.
Comments $7793 due at signing. Dealer participation may vary. Incentives and Rebates are provided subject to the terms of our Visitor Agreement.

amdeutsch

Based on your post and sig I'd add the distinction of 'owning' versus 'renting'.

Vic55

Not a deal- same as they have been pushing. 7k+ out of pocket, no wonder its a 1k lease plus tax. You can get any car to any payment with the right cash down.

ROCKETW19

Vic do you sell cars? or in the biz?

Murtaza

7k down is not a deal, try with as little cash down as possible, Zero is a good start

skooby

You pay for it, you insure it, you wash it, if it's in your name and you have the first option to buy it, you own it until you give it back or crash it and it's considered totaled by the insurance company.

Vic55

Close, you dont own it- you are leasing it and until you have title its the bank's car. You have an obligation but not ownership. This goes for retail too.

Rocket: I dont sell cars but yes I am in the business on the wholesale banking side.

Carl Lassiter

jangy

Whatever on the "owning" arguments. It isn't a commodity. it is a piece of metal that you are going to use and spit out. Does it really matter where the title sat while you did it or how much you paid to play?

Their "asking" price is $7K down (which included first month). It also says that dealer "may" contribute up to $4K. VIC and I disagree, but i say that this $4K is reimbursed to the dealership in the form of quarterly or yearly bonuses / reimbursements. That said, the dealer hasn't even taken a cut on the car, yet.

What matters here is the money factor, etc. Not that particular deal. When i got my second E55, they ran a similar deal but that isn't the one we got. It is just reflective of the market.

IMO, paying $2 - 3k out-the-door (which includes the first months) and getting a $100K car for $999 per isn't a bad deal. Keep in mind that you may can get a better rate if you are willing to go for 36 or even 39 months. past that, you lose the returns.

Vic55

Its not reimburseable, just got off the phone with the GSM at House of Imports, its money that they can share off the margin with the customer to possibly close them if they balk at the deal or the drive off. The 3950 is the suggested discount off MSRP which the dealer does or doesnt have to share. But if they do they dont get it back at eom or down the road.

7793 is a huge drive off, take away the 1100 pmt (incl tax) and this doesnt count reg so you still have 6600k minus a 895 bank fee- thats circa a 5.5k cap reduction on a lease- waste of money IMO.

ItalianStallion

With that kind of cash down, for not much more a month you could own the car, albeit with a 60 month finance term. Still, I'd rather own than lease unless you are putting it through a business and using the tax benefits.

rich644

I'd like to know the MF and the residual %.

With no money down this deal probably comes out at about $1270 mo/ and around $1400/ with tax. Not terrible, as these can lease out between $1500-$1700/mo with no incentives.

As a comparison, the December deal included a low (.00205) MF and an inflated residual. which I beleive translates to about a $100/ mo less with a similarly equipped car.

As for the lease vs buy debate. If you are a business owner (and calling it a company car) there really is no choice but to lease.

Vic55

I know Jan Mf's up to 48 were .00145 on the E63. Lets say one got a E63 with a msrp of 96k for 91k ... Jan residuals were 62% at 24 plus 3% for 10k so a residual of 60k or so (.65 times 93k since there is 3k gas guzz tax). Your payment with no cap reduction would be 1291 plus SCF of 220 plus tax and your payment would be around 1628 for 2 years with just drives and no cap reduction. Not that great IMO.

skooby

Where the heck are you guys gettind a 20% tax?? 6% for me.

jangy

VIC, I agree that as it is presented, it isn't a great deal. My point is that they are at least showing an incentive to move cars. To get a deal, I never argued that you didn't have to get in there and wrench it out.

Good deal, to me is still MINIMAL down, 36months, 10K miles, and $999/month. That is a good deal on a nice car, no matter how you look at it.
Nobody said it was an investment.

Vic55

No arguement my brother from another mother--- just helping out the community with some research. Thanks for all your input and feedback.

jangy

I know bro, just clarifying for the fans. You know me, full of it and just oozing to spout!!

Vic55

huh ..... depreciation as mentioned is 1291 or around there plus lease money factor (interest equivalent) of around 220 which gets you to a 1511 pmt plus 7.75% tax here in Orange County which totals 1628 per month. This was a makeshift lease that I worked up with no down based on Jan 2008 residuals and MF's and a car costing 91k on an MSRP of 96k. This model was for a car with no drive offs except first payment, reg, and sec dep.