RobDoc

Give me your best guess on what they'll take for this car, or what you'd offer...

http://www.autotrader.com/dealers/dd...arch_type=both

-it's an '08 gathering dust
-Roger should be in a celebratory & generous mood since he just won the Indy 500-again.

MB_Forever

Even if they agree to give you $20k off MSRP, why not try to get a lightly used one for $40k off MSRP These cars already depreciate like crazy, but once the new W212 E63 is out, this car will tank even more

sack5000

If you want it, offer $30K off, and settle for $77. It is a rarely optioned car. Also, it has the carbon fiber trim around the inside. I agree though that a low mileage '08 can be had for the middle 60s.

Autoscope

I agree, I was looking at a White E63 in the Upper 50's and it had no miles.......

Longer you wait, cheaper they will get!

I say keep hunting but if you want that one, tell them to take off 25K.

sack5000

http://www.cars.com/go/search/detail...eadExists=true

Here's an 09 with performance package, already down to 79K. With 2K miles you should be able to get it for around 70K. It has the updated NAV and 40 gig hard drive. It's also Certified!

RobDoc

Thanks for the opinions. My big reason for not pursuing a $60-70k used one is that I am a lessee. I own my fun car, but lease my DD's. When I first started looking and asking y'all, I assumed a.)that used MBZleases had decent terms and, b.)E63's depreciated only modestly...like my ///M's have. Knowing what I now know, owning one of these monsters of depreciation really doesn't sound appealing, even if one starts at $20-25k off orig. MSRP.

Now, that 2k mi '09 in Boston may be lease eligible, but when they first ran the ad (6 weeks ago) the salesman I spoke with told me that $1600+tax/mo. was the price. I called BS on that #. Hardly a way to get me to the table. The Black'08 @ Penske seems even more likely to be new-car lease eligible(even though it shows as "used" in the ad).

I'm sure many on this board are paying $1200+ to lease theirs, but my position is that current market conditions make ANY E63 leaseable for the $1,000-1,100/mo range. Dealers seem to have these things stacking up-both new and used. Everyone, dealers included, knows there is a new car coming and the economy is still $h!t.

tucsonbroker

I thought the same thing, but they greatly reduced the number of cars that they are importing into the US in order to keep the prices from falling. The residual used to be decent on the E63, but the bank wised up and now the payment is much higher. BMW has a better handle, so I ended up getting an M5. It will be different, but hey, that's why I lease anyway.

intellilogic

They said 108!? Sounds high, mine was 105 and it has everything with Distronic $$$ Make them show you the monroney sticker. 09 has the new command, try to get an 09.


Click to enlarge to full monroney sticker

intellilogic

Hmm, stearing wheel, hmm... Some of you other P30 owners look at that... interesting... I wonder if that's an 09 thing, I've seen that after market before...

zoink

It's a little OT but should be quite relevant...

Been looking for a GL and come across a few demo (never titled but warranty has been punched in).

All selling dealers told me that demo wouldn't qualify new-car lease and financing rates. So the 2k miles you saw must've been quoted a used-car lease rates (likely much worse than new-car lease rate).

If you're in no hurry, I'd suggest you wait until 2010 E63 goes to market... you'll likely have more bargaining power for the '08 and '09 left overs. As a reference, right now, I can find new GL $1.5K under invoice, easy... I'm expecting to save another $3-5K in a month or two (worth to wait, IMO). Just like MB_Forever said, if the '08 E63 you're looking at, assuming it's still collecting dust, I won't be surprised if you could get it at $35K+ under MSRP in a month or two.

allenjdmb

Negotiate your best price on the car, if you like it and it suits you. Then I'd call Putnam Leasing and get a custom lease negotiated with them. They are a good outfit and I have sent a couple customers there with good success. Send me a gift card to a nice steakhouse when you're done.....
Hope this helps, maybe it will work for you.

1 BAD BURB

The dealer near my house had a 08, loaded. sat for a yr and had no movement on it. msrp was 95K right, they were asking 72K for it! it was BRAND new, like 5 miles on it.

the cars are just not moving and now especially with the 10' model coming out, the 07-09 are going to drop even harder then they have already. sucks as an owner, but great for the buyer!

i just picked up mine 1 week ago, 07 with 24K, got it for 45K. talk about a deal!

If i were you, shoot em an offer for low 70s and see if they bite. if they are smart, they'll take it!

Good luck!
AJ

MB_Forever

Actually no...... that steering wheel is from the AMG Performance Studio's "Optional Extras" section, accessory code 281, and so is that carbon fiber trim. And this is the same steering wheel that comes on the CLK63 Black Series. By the way, the $109K MSRP for the 2009 is not out of the ordinary if it has designo paint.

RobDoc

Thanks,
I've talked to the Putnam folks. Their leases are open end and require 10% down. You basically must buy the car at the end, or forfeit your 10%. IIRC, their shortest term is 48 mos. and their residual was not so good for the lessee. They really don't pencil if you can get a MBZ (or other) closed-end scenario.
How I see it... Putnam's organization seems to specialize in leases for high-dollar, special interest cars like Ferraris and Lambos...cars that the owner can't quite afford/doesn't want to buy right now, but there remains a high likelihood of lesee a.)being able to afford in the future or b.)wanting to keep the car at lease maturity.

The search is heating up, thanks to all for your input!

RobDoc

BTW, how does Designo Graphite paint look in person? Extra-special Greyness???

sack5000

While on the subject of the AMG Performance Package, I will offer up this '08 with 10,980 ticks. Has most of the goodies and is certified. Doesn't have the good steering wheel or the carbon fiber trim. Iridium Silver is a very nice color. Looks like they put new Continental tires back on this ride to satisfy the CPO .

Anyway, what is this ride really worth?? I called and they are asking $77. That figures, Long Island, NY.

http://cgi.ebay.com/ebaymotors/08-Me...3A1|240%3A1318

sack5000

It does have that paint. Seems like a white elephant unless they will deal it for around $70K, not bad at all for an 09. Still either that color is fuglly or the pictures are really bad, prolly both.

RobDoc

Came across these from a member here...

http://homepage.mac.com/drcrowder/PhotoAlbum2.html

It looks a lot better in these pics. I don't consider it fugly, but I still want to know how good it looks in person, and why it is so special.

VCA_AMG

That's a gorgeous color, love the options too.

sack5000

Must of been selling his car to pay for the house. Nice clean car.

tuonor

Recently looked into the same issue and ultimately ended up buying a used e63. The problem with the lease deals that are available is MB finance has such crappy residuals on the e63 (a 36 mo lease resid is now 43% vs. 55% for an M5). Because of this it is virtually impossible to get to a payment below $1.1k unless you are out the door at a cap cost of around $68k.

My understanding is that the dealers cannot negotiate the residual and MB Finance sets it. If these cars continue to sit, there is obviously a chance that MB Finance tries to sweeten the offer to move the cars.

I ended up buying a lightly used (15k mile) car and using PenFed to finance at 4%...the benefit of leasing is locking in the depreciation at some favorable pace, but it doesn't make sense if MB Finance is going to stick you with conservative depreciation assumptions (basically they are saying within 3 years the car will be worth < $45k).

VCA_AMG

Good info. Financed at 4%, that's an excellent rate.

kylek13

I got 4% as well. Just recently picked up an 08 E63 with 4500 miles for 58k. Payments are just under 1k w/ 10k down.

RobDoc

This is generally true no matter what car/company is the lessor. Also generally, the only variables in a lease are Cap. Cost (negotiated price) and MF-which can change as a function of credit score and offered incentives/programs.

intellilogic

How in the hell did I not know about these options? Next time will be different.
I wouldn't have gotten them.