E63 Lease Deal??...???
Thread Starter
MBWorld Fanatic!
Joined: Jul 2006
Posts: 1,947
Likes: 8
From: Oklahoma City
2015 AMG C63 S
E63 Lease Deal??...???
What the funk, why is there no mention of a lease deal on the old style E63 which is not even being made anymore? Seems like the old $999 or less should resurface. The new E63 will be here soon but why wait....
Member
Joined: Mar 2009
Posts: 118
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From: OC
E63, M3 SMG, F355GTS
I agree. These things lease like **** and so they're ('09s) piling up on the stealers lots...But, many do have asking prices already reduced $15K+ before one even begins to negotiate. Hel!, there are even still-unsold, brand-new '08's you can see on Autotrader.com. I still want to know why AMG's depreciate so much more than ///M's??? You could make a case that they are overpriced to begin with, and that's why they drop like rocks in water.
Maybe a MF of .00225 (I believe that to be current rate)is as good as it's gonna get??? I think our best deal is to be had middle-end of summer when they're discounting W211's by $20-25k. By then, I fully expect a new '09 with p030 to be had for a cap cost of around $80k. Non '09 p030's prolly gonna go for <$75k. With those cap #'s, $999+tax w/ minimal drive-offs for non-p030 cars will be very within reach. E63's are rotting on MBZ lots all across America. Stealers are going to get bloodied on them, period.
All of these '09 W211's that are piling up aren't going to suddenly sell/lease in the meantime, but you can prolly get a pretty good cap ($15k off) on exactly what you want right now. MBZ has got to find a way to price their leases better if they don't want to find themselves with the same problem moving the W212's. IMO.
Maybe a MF of .00225 (I believe that to be current rate)is as good as it's gonna get??? I think our best deal is to be had middle-end of summer when they're discounting W211's by $20-25k. By then, I fully expect a new '09 with p030 to be had for a cap cost of around $80k. Non '09 p030's prolly gonna go for <$75k. With those cap #'s, $999+tax w/ minimal drive-offs for non-p030 cars will be very within reach. E63's are rotting on MBZ lots all across America. Stealers are going to get bloodied on them, period.
All of these '09 W211's that are piling up aren't going to suddenly sell/lease in the meantime, but you can prolly get a pretty good cap ($15k off) on exactly what you want right now. MBZ has got to find a way to price their leases better if they don't want to find themselves with the same problem moving the W212's. IMO.
Last edited by RobDoc; Jun 6, 2009 at 08:51 PM.
Newbie
Joined: Dec 2008
Posts: 17
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07 E63
The local dealer is supposed to clue me in on an "aggressive" lease deal tomorrow. We'll see what it is. With new 2008's on some dealers lots, and a whole new model around the corner, I would be scared to death if I was a dealer with an 09 E63. I think the new E63 looks pretty ugly, but I still wouldn't buy an 09 E63 instead. We'll see what the deal is.
MBWorld Fanatic!
Joined: Feb 2009
Posts: 1,293
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From: So Cal
2018 E63S Wagon
Probably because the residual value is atrocious. Why anyone would buy a new E63 is beyond me, with the prices you can find on a >10k-mile car less than 2 years old.
RobDoc I agree that the sticker prices are much higher than they should be, which is why residuals and resale values plummet immediately. $100K+ for an E63 just seems like waaayyy too much.
RobDoc I agree that the sticker prices are much higher than they should be, which is why residuals and resale values plummet immediately. $100K+ for an E63 just seems like waaayyy too much.
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Joined: Mar 2009
Posts: 118
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From: OC
E63, M3 SMG, F355GTS
So, what I can't comprehend is why the ///M's hold their value so much better while the AMG's take a messy $h!t. I'm coming over to the AMG side now because of a variety of reasons, but a major one is that the finish, build quality and overall features of the MBZ's seem/look superior to BMW, IMO. If I didn't know the car market so well, I would just assume that, apples to apples across the model range of each brand, an MBZ is a <slightly> more valuable car, both long and short-term. But, both AMG and non-AMG cars seem to lose at least 20-25% more value in 3 years than comparable BMW's. If you ask me, that's a pretty huge number no matter if you're leasing or buying.
Take my own situation as an example...
My '05 Comp. Pack. M3SMG had a sticker of $60,700. My 36 mo/30k mi. residual was like $36k (59%). In mid '08, the private party used M3 market supported that value, and then some. Remember that was even at a time that the new generation 2007 M3 (w/ DCT) had been out for a full year!
Take my own situation as an example...
My '05 Comp. Pack. M3SMG had a sticker of $60,700. My 36 mo/30k mi. residual was like $36k (59%). In mid '08, the private party used M3 market supported that value, and then some. Remember that was even at a time that the new generation 2007 M3 (w/ DCT) had been out for a full year!
Junior Member
Joined: May 2009
Posts: 32
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From: cali
e63
Vs. the M, perhaps the M5 is a different story. Seems like you can find plenty of M5s in the high 40s to mid 50s (for 07 MY cars) which is a similar curve to where the E63s are currently.
Certainly the E46 Ms held up remarkably well (at least here in socal) until very recently.
Certainly the E46 Ms held up remarkably well (at least here in socal) until very recently.
Last edited by tuonor; Jun 9, 2009 at 11:17 AM.
Thread Starter
MBWorld Fanatic!
Joined: Jul 2006
Posts: 1,947
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From: Oklahoma City
2015 AMG C63 S
Sweet smelling lease deal on E63
The local dealer is supposed to clue me in on an "aggressive" lease deal tomorrow. We'll see what it is. With new 2008's on some dealers lots, and a whole new model around the corner, I would be scared to death if I was a dealer with an 09 E63. I think the new E63 looks pretty ugly, but I still wouldn't buy an 09 E63 instead. We'll see what the deal is.
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Newbie
Joined: Dec 2008
Posts: 17
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07 E63
It wasn't a lease deal, it was a finance deal, so I didn't even listen to it. They said the lease was still $1,400-$1,500. I wasn't expecting too much anyway since the salesman always seemed to think he could get the deal I wanted, then would come back and say he wasn't close. At least he didn't force the issue when he knew it was out of my range.
Member
Joined: Mar 2009
Posts: 118
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From: OC
E63, M3 SMG, F355GTS
Well, I'm not sure what you're looking for in terms of payment, but this dealership will have an E63 museum by September if $1400-1500 is the best he's gonna do on a lease. You can and will do better.
