2008 E63 Lease Deal
07-24-2008, 10:28 AM
#27
Senior Member
Join Date: Jan 2006
Location: Jupiter, Florida
Posts: 386
Likes: 0
Received 1 Like
on
1 Post
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
Doesnt sound like the O.P is ready to pull the trigger on anything... The problem is, Mercedes can only offer SO MUCH on their lease deals.. Because they will get the car back in 33 months. With a $56k residual, they will probably be $15k WRONG, in how they own that car, come 33 months. So they have to keep that in mind..
An $81k sale price on a brand new car, with a $95k list. Is the steal of the century.. Invoice is $85. So, they must be throwing all the holdback in.. And maybe then some.. Thats a deal, on a new car..
An $81k sale price on a brand new car, with a $95k list. Is the steal of the century.. Invoice is $85. So, they must be throwing all the holdback in.. And maybe then some.. Thats a deal, on a new car..
07-24-2008, 10:47 AM
#29
MBWorld Fanatic!
Join Date: Mar 2006
Location: NY/NJ
Posts: 2,116
Likes: 0
Received 4 Likes
on
4 Posts
2012 W212 E350 Bluetec
I don't know I copied and pasted from the email the dealer sent me. I will ask and get back. I told today that I am going to wait till the 09's come out as my local dealer said I might get a better deal.
As I said the dealer was going to sell me the car (if I finance) for 81,640 that was 14K off MSRP.
I then asked what would a lease option look like. She said for lease on an E63 a down payment of 5-6K will be needed. I told he I am willing to put 6K. I plan on probably purchasing the car at the end of the lease and wanted my payments to be lower. I was looking in the 1K/month range. She ran the numbers and said my payment would be $1399/month.
There is no trade involved.
Here is the first response from her:
Ok I worked out a lease based on the selling price of $81740
For 27 months 12,000 miles/yr. your pre taxed payment will be $1399 (I
will have to see how Texas calculates the tax on the payment. Every
state is different!
The buyout $56184 at the end of the lease, IF you wanted to buy the car.
I then asked to give me specifics of the deal and she came back with:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
This the the last response from her today (after I said I was going to wait for the 09's):
The fact that the E63's are so few, Mercedes does not normally make
further attempts to move them even when 09's come out. I do not think
your local dealer is entirely accurate. What is more likely to happen is
for them all to be sold and you will have to lease a 2009 with very
little discount, since we have a whole year to sell them. This is a
great deal on an awesome car. Let me ask, what did you think the
payments would be on this car???
As I said the dealer was going to sell me the car (if I finance) for 81,640 that was 14K off MSRP.
I then asked what would a lease option look like. She said for lease on an E63 a down payment of 5-6K will be needed. I told he I am willing to put 6K. I plan on probably purchasing the car at the end of the lease and wanted my payments to be lower. I was looking in the 1K/month range. She ran the numbers and said my payment would be $1399/month.
There is no trade involved.
Here is the first response from her:
Ok I worked out a lease based on the selling price of $81740
For 27 months 12,000 miles/yr. your pre taxed payment will be $1399 (I
will have to see how Texas calculates the tax on the payment. Every
state is different!
The buyout $56184 at the end of the lease, IF you wanted to buy the car.
I then asked to give me specifics of the deal and she came back with:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
This the the last response from her today (after I said I was going to wait for the 09's):
The fact that the E63's are so few, Mercedes does not normally make
further attempts to move them even when 09's come out. I do not think
your local dealer is entirely accurate. What is more likely to happen is
for them all to be sold and you will have to lease a 2009 with very
little discount, since we have a whole year to sell them. This is a
great deal on an awesome car. Let me ask, what did you think the
payments would be on this car???
With those numbers, $0 down, and the 0.00100 MF that MB is offering on 24-month leases, the monthly pre-tax should be $1,073
Even if the MF is bumped up to .00125 (since the 36-mo MF is .00175), it's only $1,108
07-24-2008, 12:42 PM
#30
MBWorld Fanatic!
Join Date: Oct 2006
Location: Caribbean/Florida/Colorado
Posts: 3,642
Likes: 0
Received 11 Likes
on
11 Posts
E-ZGO 53hp., 1999 E 430 sport, 2004 E 55, 2008 Tahoe LTZ on 24"s
That's absurd, given the numbers here (95740 msrp, 81740 price aka cap cost, 59% residual).
With those numbers, $0 down, and the 0.00100 MF that MB is offering on 24-month leases, the monthly pre-tax should be $1,073
Even if the MF is bumped up to .00125 (since the 36-mo MF is .00175), it's only $1,108
With those numbers, $0 down, and the 0.00100 MF that MB is offering on 24-month leases, the monthly pre-tax should be $1,073
Even if the MF is bumped up to .00125 (since the 36-mo MF is .00175), it's only $1,108
07-24-2008, 02:07 PM
#32
Super Member
Thread Starter
Join Date: Dec 2004
Location: TX
Posts: 620
Likes: 0
Received 1 Like
on
1 Post
13 Lunar Blue GL550, 06 Imola Red BMW X5 4.8is, 04 Gold Honda Ody
I don't know I copied and pasted from the email the dealer sent me. I will ask and get back. I told today that I am going to wait till the 09's come out as my local dealer said I might get a better deal.
As I said the dealer was going to sell me the car (if I finance) for 81,640 that was 14K off MSRP.
I then asked what would a lease option look like. She said for lease on an E63 a down payment of 5-6K will be needed. I told he I am willing to put 6K. I plan on probably purchasing the car at the end of the lease and wanted my payments to be lower. I was looking in the 1K/month range. She ran the numbers and said my payment would be $1399/month.
There is no trade involved.
Here is the first response from her:
Ok I worked out a lease based on the selling price of $81740
For 27 months 12,000 miles/yr. your pre taxed payment will be $1399 (I
will have to see how Texas calculates the tax on the payment. Every
state is different!
The buyout $56184 at the end of the lease, IF you wanted to buy the car.
I then asked to give me specifics of the deal and she came back with:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
This the the last response from her today (after I said I was going to wait for the 09's):
The fact that the E63's are so few, Mercedes does not normally make
further attempts to move them even when 09's come out. I do not think
your local dealer is entirely accurate. What is more likely to happen is
for them all to be sold and you will have to lease a 2009 with very
little discount, since we have a whole year to sell them. This is a
great deal on an awesome car. Let me ask, what did you think the
payments would be on this car???
As I said the dealer was going to sell me the car (if I finance) for 81,640 that was 14K off MSRP.
I then asked what would a lease option look like. She said for lease on an E63 a down payment of 5-6K will be needed. I told he I am willing to put 6K. I plan on probably purchasing the car at the end of the lease and wanted my payments to be lower. I was looking in the 1K/month range. She ran the numbers and said my payment would be $1399/month.
There is no trade involved.
Here is the first response from her:
Ok I worked out a lease based on the selling price of $81740
For 27 months 12,000 miles/yr. your pre taxed payment will be $1399 (I
will have to see how Texas calculates the tax on the payment. Every
state is different!
The buyout $56184 at the end of the lease, IF you wanted to buy the car.
I then asked to give me specifics of the deal and she came back with:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
This the the last response from her today (after I said I was going to wait for the 09's):
The fact that the E63's are so few, Mercedes does not normally make
further attempts to move them even when 09's come out. I do not think
your local dealer is entirely accurate. What is more likely to happen is
for them all to be sold and you will have to lease a 2009 with very
little discount, since we have a whole year to sell them. This is a
great deal on an awesome car. Let me ask, what did you think the
payments would be on this car???
Residual 60% , money factor I used 3.99 . This is a standard rate not a
sub-vented. Reason is we are using a different program to reduce your
cap cost so I need to use the regular rates.
Yesterday I figured a lease for an ordered 2009 it was$600 more/month!
I will say again you are getting a tremendous deal, Please don't miss
out.
And yes the selling price includes the $6000, which also includes all of your fees, to bring the cap cost down.
Last edited by sbarsap; 07-24-2008 at 02:42 PM.
07-24-2008, 02:43 PM
#34
MBWorld Fanatic!
Join Date: Mar 2006
Location: NY/NJ
Posts: 2,116
Likes: 0
Received 4 Likes
on
4 Posts
2012 W212 E350 Bluetec
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery & tire tax, tax on the cash down $225.23. The balance is the cash down to equal $6000
Acquisition fee $1095 (bank fee)
Acquisition fee $1095 (bank fee)
'Dealer fee' $599 is bogus and the bank/acq fee $1095 is nicely marked up from the $795 or so that MB charges.... but hey they're going to try to add incremental profit in as many places as they can.
07-24-2008, 02:52 PM
#35
MBWorld Fanatic!
Join Date: Mar 2006
Location: NY/NJ
Posts: 2,116
Likes: 0
Received 4 Likes
on
4 Posts
2012 W212 E350 Bluetec
Funny how they say 60% but the numbers equal 59% (56184 / 95740)
Huh? So are all your upfront fees being paid upfront when you show up with this hypothetical check for 6K, or are all the fees being "rolled in" to your ADJUSTED capitalized cost and being paid in each monthly payment?
I guess the more confusion they create, the more easily they can hoodwink a customer.
To get rid of all the confusion, just say you are putting 0 down and therefore selling price (aka cap cost) = net or adjusted cap cost. Fees will be paid on day 1 and don't need to be capitalized.
And yes the selling price includes the $6000, which also includes all of your fees, to bring the cap cost down.
I guess the more confusion they create, the more easily they can hoodwink a customer.
To get rid of all the confusion, just say you are putting 0 down and therefore selling price (aka cap cost) = net or adjusted cap cost. Fees will be paid on day 1 and don't need to be capitalized.
07-24-2008, 02:58 PM
#36
Super Member
Thread Starter
Join Date: Dec 2004
Location: TX
Posts: 620
Likes: 0
Received 1 Like
on
1 Post
13 Lunar Blue GL550, 06 Imola Red BMW X5 4.8is, 04 Gold Honda Ody
I am sorry but I think the MF is too high on the deal. I know that MB
is offering the below rates for an E63:
2008 Mercedes E63 AMG Sedan
24 Month – Residual 58% of MSRP – .00100 Base Rate
36 Month – Residual 49% of MSRP – .00175 Base Rate
48 Month – Residual 42% of MSRP – .00175 Base Rate
60 Month – Residual 38% of MSRP – .00350 Base Rate
If my calculation is correct then this is what it should be:
$0 down, and the 0.00100 MF that MB is offering on 24-month leases,
the monthly pre-tax should be $1,073.
To get rid of the confusion I would like a $0 down and therefore selling price (aka cap cost) = net
or adjusted cap cost.
Fees will be paid on day 1 and don't need to be capitalized.
07-24-2008, 04:12 PM
#39
MBWorld Fanatic!
Join Date: Mar 2006
Location: NY/NJ
Posts: 2,116
Likes: 0
Received 4 Likes
on
4 Posts
2012 W212 E350 Bluetec
I appeciate all your help. I am new to leasing and really don't understand the terminology, I made a mistake of telling her that I was new. The good thing is I have only been communicating with the dealer via email so they don't have my ph #. I sent her this response:
I am sorry but I think the MF is too high on the deal. I know that MB
is offering the below rates for an E63:
2008 Mercedes E63 AMG Sedan
24 Month – Residual 58% of MSRP – .00100 Base Rate
36 Month – Residual 49% of MSRP – .00175 Base Rate
48 Month – Residual 42% of MSRP – .00175 Base Rate
60 Month – Residual 38% of MSRP – .00350 Base Rate
If my calculation is correct then this is what it should be:
$0 down, and the 0.00100 MF that MB is offering on 24-month leases,
the monthly pre-tax should be $1,073.
To get rid of the confusion I would like a $0 down and therefore selling price (aka cap cost) = net
or adjusted cap cost.
Fees will be paid on day 1 and don't need to be capitalized.
I am sorry but I think the MF is too high on the deal. I know that MB
is offering the below rates for an E63:
2008 Mercedes E63 AMG Sedan
24 Month – Residual 58% of MSRP – .00100 Base Rate
36 Month – Residual 49% of MSRP – .00175 Base Rate
48 Month – Residual 42% of MSRP – .00175 Base Rate
60 Month – Residual 38% of MSRP – .00350 Base Rate
If my calculation is correct then this is what it should be:
$0 down, and the 0.00100 MF that MB is offering on 24-month leases,
the monthly pre-tax should be $1,073.
To get rid of the confusion I would like a $0 down and therefore selling price (aka cap cost) = net
or adjusted cap cost.
Fees will be paid on day 1 and don't need to be capitalized.
07-24-2008, 04:16 PM
#40
Administrator
Join Date: Nov 2001
Location: THE Orange County, California
Posts: 11,921
Received 796 Likes
on
495 Posts
2020 Audi R8 V10, 2016 AMG GTS, 2018 E63S Edition 1, 2018 Porsche GTS Cab, 2012 C63 BS
you should be able to participate in the subvented leases, meaning you should be able to reduce your adj cap cost with a down payment...
I dont buy what she is telling you and you shouldnt either...the only party who should not be able to make any extra money on a subvented lease is the dealer. They probably are getting some trunk money on these cars anyways.
edit: just spoke the GM of local So Cal dealership, you can put your own money into the gross cap to further reduce your payments on a subvented lease...
I dont buy what she is telling you and you shouldnt either...the only party who should not be able to make any extra money on a subvented lease is the dealer. They probably are getting some trunk money on these cars anyways.
edit: just spoke the GM of local So Cal dealership, you can put your own money into the gross cap to further reduce your payments on a subvented lease...
07-24-2008, 04:36 PM
#41
Senior Member
Join Date: Jan 2006
Location: Jupiter, Florida
Posts: 386
Likes: 0
Received 1 Like
on
1 Post
2005 E55, 2004 E55(sold), 2001 Viper GTS, 2006 Viper VOI9, 1994 ZR-1 Corvette 2009 Viper ACR,
3.9 money factor? Is there a credit issue we dont know about?? I think MB financial wants 730 FICO or better, to get their special money factor.. Otherwise, they are SERIOUSLY marking that up.
07-24-2008, 04:43 PM
#42
Administrator
Join Date: Nov 2001
Location: THE Orange County, California
Posts: 11,921
Received 796 Likes
on
495 Posts
2020 Audi R8 V10, 2016 AMG GTS, 2018 E63S Edition 1, 2018 Porsche GTS Cab, 2012 C63 BS
Bad Dealer, Bad Dealer.
07-24-2008, 06:08 PM
#43
Super Member
Thread Starter
Join Date: Dec 2004
Location: TX
Posts: 620
Likes: 0
Received 1 Like
on
1 Post
13 Lunar Blue GL550, 06 Imola Red BMW X5 4.8is, 04 Gold Honda Ody
Here is the last email she sent me. Some reason she thinks I am getting my responses from a local dealer. I should point her to this thread, lol.
Sometimes information is not the best thing.
As I said I cannot combine the discounted selling price AND the rate.
First the rate of .00100 is the buy rate. As employee you would get
that. We do mark it up to 001.35. The person buying the 2009 would get
the 399 rate very little discount and their payment would be much higher
I know this because we just did a lease payment for another client.
If the rate is what you want I can offer the following as My FINAL
offer.
Selling price will go UP to $83740 you wanted 12k/yr is 60% residual
WITH $6000 down your payment including dealer fee $599 tax on cash, and
tags is $1107.23 plus tax.
I'm sure your local dealer means well, but giving you information that
does not apply is not a real help.
I will be glad to help you with your purchase at the above numbers.
Thank you for your interest!
07-24-2008, 06:13 PM
#44
Member
Join Date: Jun 2008
Location: Cali, Hawaii, Texas
Posts: 198
Likes: 0
Received 0 Likes
on
0 Posts
2008 E63
that's her final offer - just walk. LOL. i can't believe the attitude.
still, you've already gotten the payment down $300 a month.
now you just need to get rid of the dealer fee and cap reduction.
still, you've already gotten the payment down $300 a month.
now you just need to get rid of the dealer fee and cap reduction.
07-24-2008, 06:42 PM
#45
MBWorld Fanatic!
Join Date: Mar 2006
Location: NY/NJ
Posts: 2,116
Likes: 0
Received 4 Likes
on
4 Posts
2012 W212 E350 Bluetec
LOL, so they are basically admitting what Vic55 alludes to above. I thought only used-car lots played this game "We'll offer this price only if you finance WITH US"
First the rate of .00100 is the buy rate. As employee you would get
that.
that.
07-24-2008, 10:52 PM
#46
Senior Member
Join Date: Dec 2007
Location: SW FL
Posts: 276
Likes: 0
Received 0 Likes
on
0 Posts
2005 E55 Black / Black Every available option except Sat radio
Get together with this guy:
Assume Lease 2008 E63 AMG:
Looking for someone to assume my Black on Black 2008 E63 AMG lease. $1222.00 per month, 15K per year, 24 months, Prem 2 package, voice control, pano roof, blue tooth module. Car is pristine with 4000 and change miles. PM me or e-mail me at WISEL2@aol.com.
https://mbworld.org/forums/automotive-leasing-financing/253685-assume-lease-2008-e63-amg.html
Assume Lease 2008 E63 AMG:
Looking for someone to assume my Black on Black 2008 E63 AMG lease. $1222.00 per month, 15K per year, 24 months, Prem 2 package, voice control, pano roof, blue tooth module. Car is pristine with 4000 and change miles. PM me or e-mail me at WISEL2@aol.com.
https://mbworld.org/forums/automotive-leasing-financing/253685-assume-lease-2008-e63-amg.html
07-25-2008, 01:35 PM
#47
MBWorld Fanatic!
Join Date: May 2002
Location: Hell
Posts: 1,030
Likes: 0
Received 0 Likes
on
0 Posts
EFF YOU JACKIE
All,
This is my first lease so I need some advice.
Is this a good deal?
The MSRP of the car was $95,740
Here is what the dealer emailed me:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
Thanks in advance for the advice.
This is my first lease so I need some advice.
Is this a good deal?
The MSRP of the car was $95,740
Here is what the dealer emailed me:
Cap cost- $81740
Residual- $56184
Term 27 months
Fees= dealer fee $599 1st payment @$1399+tax, tag $250, $6.50 battery &
tire tax, tax on the cash down $225.23. The balance is the cash down to
equal $6000
Acquisition fee $1095 (bank fee)
Thanks in advance for the advice.
Just saw my guy here in Jersey, he gave me the same basic deal. 1299 / 27 / 12000 miles 5k total out of pocket.
07-27-2008, 12:03 AM
#48
Senior Member
Join Date: Dec 2007
Location: SW FL
Posts: 276
Likes: 0
Received 0 Likes
on
0 Posts
2005 E55 Black / Black Every available option except Sat radio
