Does anyone know where to find a 2007 E63 for lease? I heard dealer doesn't have good programs for used car leasing, is that true.

 

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?

 

Jangy, it is quite expensive. hahahaha.

 

ur better off taking over a lease for the E63, try leasetrader.com or swapalease.com, than to try to lease a used one.

 

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.

 

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

 

i just posted my car for lease swap..what color car are you looking for?

 

Patrick ! That absolutely make sense.

 

Black on Black
Where is your post? Swapalease.com ?

 

I have a black on black E63 that I'm looking to get out of. It's got a year and half left on the lease. PM me if interested.

 

What up? Where you been?

 

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.

 

A little OT, but what are you guys paying a month for the lease on your E63's if you don't mind me asking?

Tom

 

Ouch...$9K down!! I hope those payments are in the $1200 max range.

 

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).

 

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