National Feb. E63 lease deal.....
Thread Starter
Senior Member
Joined: Dec 2007
Posts: 276
Likes: 0
From: SW FL
2005 E55 Black / Black Every available option except Sat radio
National Feb. E63 lease deal.....
$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.
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.
Administrator
Joined: Sep 2002
Posts: 15,769
Likes: 37
From: www.Traben-Trarbach.de
MPG+ ROLFCOPTER
$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.
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.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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.
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06 EuroElites E55
Thread Starter
Senior Member
Joined: Dec 2007
Posts: 276
Likes: 0
From: SW FL
2005 E55 Black / Black Every available option except Sat radio
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.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
Rocket: I dont sell cars but yes I am in the business on the wholesale banking side.
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Out Of Control!!
Joined: Sep 2004
Posts: 13,394
Likes: 6
From: San Diego
2015 S212
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.
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.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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.
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.
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.
MBWorld Fanatic!
Joined: Sep 2005
Posts: 3,027
Likes: 6
R35 GT-R, EvoX
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.
Junior Member
Joined: Jun 2006
Posts: 71
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'34 Lagonda, '69 280SL, '07 E63 wagon
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.
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.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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.
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.
Thread Starter
Senior Member
Joined: Dec 2007
Posts: 276
Likes: 0
From: SW FL
2005 E55 Black / Black Every available option except Sat radio
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.
Out Of Control!!
Joined: Sep 2004
Posts: 13,394
Likes: 6
From: San Diego
2015 S212
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.
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.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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.
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.
Out Of Control!!
Joined: Sep 2004
Posts: 13,394
Likes: 6
From: San Diego
2015 S212
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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.
