2007 E63 for lease
Out Of Control!!
Joined: Sep 2004
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From: San Diego
2015 S212
That is true. All leases are "cheaper" on new cars. I never did understand why, but it must be the interest rates (i.e. incentive to buy new) and residual calculations. If not, then a used one would actually have less depreciation over the same timeframe.
Why wouldn't you get a new one vs the '07?
Why wouldn't you get a new one vs the '07?
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Joined: Dec 2002
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From: L.A.
2007 E63 AMG
2007 E63
That is true. All leases are "cheaper" on new cars. I never did understand why, but it must be the interest rates (i.e. incentive to buy new) and residual calculations. If not, then a used one would actually have less depreciation over the same timeframe.
Why wouldn't you get a new one vs the '07?
Why wouldn't you get a new one vs the '07?
Out Of Control!!
Joined: Sep 2004
Posts: 13,394
Likes: 6
From: San Diego
2015 S212
an '07 and an '08 are both expensive, but your out of pocket may actually be less if you only intend to lease for x number of years, vs laying down the money to buy it with the hopes of recouping some of your loses later. Cash is king right now. Do what all the big guys are doing (like CarMax) and leverage a car with minimum cash down. With good credit, the rates are still lower than depreciation anyday.
Either way, good luck.
Either way, good luck.
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From: SF
07 E63 06 CLK55 Cab 03 P-car C4S
the problem w/ used car leasing is that the new car subsidy goes away since the auto mgfr would rather sell you a new one than the existing/used car.
does that make sense?
Patrick
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Joined: Dec 2002
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From: L.A.
2007 E63 AMG
E63
New car leases are cheaper than used cars because the auto mfgr is willing to subsidize/use a higher residual in calculating the lease pymts. think about it - how much more does it really cost MB to "build" a E55 vs. E550, $3k, $5k, $7k...yet, MB charges up to $30k+ more. they can use the profit make their residual higher, so even if they lose a little on the car return in 3 yrs, they're okay.
the problem w/ used car leasing is that the new car subsidy goes away since the auto mgfr would rather sell you a new one than the existing/used car.
does that make sense?
Patrick
the problem w/ used car leasing is that the new car subsidy goes away since the auto mgfr would rather sell you a new one than the existing/used car.
does that make sense?
Patrick
Patrick ! That absolutely make sense.
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From: SoCal
E63
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2007 E63
I am in a similar position as some others, I have a 2007 E63 P2 with 14700 that I am offering up on a lease transfer. Put 9k down so it pains me but it's a good price for the lease month to month, PM me if you are interested.
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From: San Diego
2015 S212
If you took advantage of the lease specials, then the rates were about 2%. In general, I'd expect an average deal to be:
$5K out of pocket, $1300/month tax and all, 39 month term, 10K miles/year, about 60% residual.
So, on a $100K car (just to be simple), you end up leasing 39 months for $40K.
$1300 X 38 = 49400 + 5000 (down) = 54400 total out of pocket over the next 39 months.
That is a solid $15K of butter that does not even take all the incentives, etc. that the dealer can use.
Personally, I'd negotiate. If you are tier 1 and are a current MB client, they will do what is needed to keep you. Trust me, I know. I went to buy 1 BMW and ended up with 3 Benzes last weekend (none mine).
$5K out of pocket, $1300/month tax and all, 39 month term, 10K miles/year, about 60% residual.
So, on a $100K car (just to be simple), you end up leasing 39 months for $40K.
$1300 X 38 = 49400 + 5000 (down) = 54400 total out of pocket over the next 39 months.
That is a solid $15K of butter that does not even take all the incentives, etc. that the dealer can use.
Personally, I'd negotiate. If you are tier 1 and are a current MB client, they will do what is needed to keep you. Trust me, I know. I went to buy 1 BMW and ended up with 3 Benzes last weekend (none mine).
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Best E63 Lease Deal
If not too late, I've got a beautiful black on black 2008 E63 lease I'm looking to transfer. $1222 per month, 30 month (25 months left), 15K per year, Premium 2 package with Pano roof, blue tooth. Car has about 4,000 miles on it--brand new and babied. If your interested, contact me e-mail me WISEL2@aol.com. Thanks, Michael
