My E63 Lease Deal
Thread Starter
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Joined: Mar 2007
Posts: 98
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From: Orange County
2015 Z06 with Z07 Performance Package
My E63 Lease Deal
I am close to pulling the trigger on a 2009 E63.
Here is the deal I have been getting so far.
$3000 cash down
1299$ a month for 48 months
or
1400$ a month for 36 months
7500 miles a year.
This company swears this is the best deal around. Anyone have anything to add?
Greg
Here is the deal I have been getting so far.
$3000 cash down
1299$ a month for 48 months
or
1400$ a month for 36 months
7500 miles a year.
This company swears this is the best deal around. Anyone have anything to add?
Greg
Member
Joined: Mar 2009
Posts: 118
Likes: 0
From: OC
E63, M3 SMG, F355GTS
I am close to pulling the trigger on a 2009 E63.
Here is the deal I have been getting so far.
$3000 cash down
1299$ a month for 48 months
or
1400$ a month for 36 months
7500 miles a year.
This company swears this is the best deal around. Anyone have anything to add?
Greg
Here is the deal I have been getting so far.
$3000 cash down
1299$ a month for 48 months
or
1400$ a month for 36 months
7500 miles a year.
This company swears this is the best deal around. Anyone have anything to add?
Greg
Which dealer and what is the sticker on the subject car?
I would be happy to help you calculate a lease, or you can use the leasing/ financing section on this board. If you know the formula, I think you'll be more confident making your best deal. Feel free to PM me.
Thread Starter
Member
Joined: Mar 2007
Posts: 98
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From: Orange County
2015 Z06 with Z07 Performance Package
What is the $3k for, Drive-offs or cap. cost reduction?
Which dealer and what is the sticker on the subject car?
I would be happy to help you calculate a lease, or you can use the leasing/ financing section on this board. If you know the formula, I think you'll be more confident making your best deal. Feel free to PM me.
Which dealer and what is the sticker on the subject car?
I would be happy to help you calculate a lease, or you can use the leasing/ financing section on this board. If you know the formula, I think you'll be more confident making your best deal. Feel free to PM me.
Greg
Thread Starter
Member
Joined: Mar 2007
Posts: 98
Likes: 0
From: Orange County
2015 Z06 with Z07 Performance Package
Super Member
Joined: Apr 2009
Posts: 569
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From: Brisbane, Aust
2005 e55 amg
It still staggers me how cheap you guys can buy cars over there in the States. Sticker price when the E63 is released here will be, after currency conversion, about US$195,000. My 05 E55 cost me $US80,000. Getting well and truly bent over I say 
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From: cali
e63
Nice negotiated cap cost.
On the payments, you're close, but could prob get them a bit lower if you push. Please check my math but I think the 36 mo should be closer to $1,250 and the 48 mo 1,170. These are after our friendly local 9% tax.
This assumes: cap cost of 68k, sticker of 96k, june buy rate for 36 mo lease from MBZ @ 46% resid (for 10k miles) and .00395 MF. There is another subforum on mbworld.org that has all the buy rates for different cars / months.
Also worth noting that the lease deals on E63s actually got WORSE in June vs. May. Same residual (43% for 15k miles / 36 mos), but money factor went from .00225 to .00395. Thats essentially going from a 5.4% interest rate to a 9.5% interest rate. BIZARRE.
On the payments, you're close, but could prob get them a bit lower if you push. Please check my math but I think the 36 mo should be closer to $1,250 and the 48 mo 1,170. These are after our friendly local 9% tax.
This assumes: cap cost of 68k, sticker of 96k, june buy rate for 36 mo lease from MBZ @ 46% resid (for 10k miles) and .00395 MF. There is another subforum on mbworld.org that has all the buy rates for different cars / months.
Also worth noting that the lease deals on E63s actually got WORSE in June vs. May. Same residual (43% for 15k miles / 36 mos), but money factor went from .00225 to .00395. Thats essentially going from a 5.4% interest rate to a 9.5% interest rate. BIZARRE.
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From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
Nice negotiated cap cost.
On the payments, you're close, but could prob get them a bit lower if you push. Please check my math but I think the 36 mo should be closer to $1,250 and the 48 mo 1,170. These are after our friendly local 9% tax.
This assumes: cap cost of 68k, sticker of 96k, june buy rate for 36 mo lease from MBZ @ 46% resid (for 10k miles) and .00395 MF. There is another subforum on mbworld.org that has all the buy rates for different cars / months.
Also worth noting that the lease deals on E63s actually got WORSE in June vs. May. Same residual (43% for 15k miles / 36 mos), but money factor went from .00225 to .00395. Thats essentially going from a 5.4% interest rate to a 9.5% interest rate. BIZARRE.
On the payments, you're close, but could prob get them a bit lower if you push. Please check my math but I think the 36 mo should be closer to $1,250 and the 48 mo 1,170. These are after our friendly local 9% tax.
This assumes: cap cost of 68k, sticker of 96k, june buy rate for 36 mo lease from MBZ @ 46% resid (for 10k miles) and .00395 MF. There is another subforum on mbworld.org that has all the buy rates for different cars / months.
Also worth noting that the lease deals on E63s actually got WORSE in June vs. May. Same residual (43% for 15k miles / 36 mos), but money factor went from .00225 to .00395. Thats essentially going from a 5.4% interest rate to a 9.5% interest rate. BIZARRE.
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Thread Starter
Member
Joined: Mar 2007
Posts: 98
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From: Orange County
2015 Z06 with Z07 Performance Package
Thanks for all the help. I will bring that information with me today when I try to negotiate the deal further. Does anyone know if there is still the .9% APR on purchasing an E-Class? If so, does it apply to the E63? It might be better to just buy it.
Greg
Greg
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Joined: May 2009
Posts: 32
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From: cali
e63
68k is not a bad price for that car but the residual at 36 (43%) is heinous and so is the MF if the above numbers are current. The 9.50% apr is tier 3 in my book (circa 620-659 fico not using an internal scorecard) and I would walk from this deal. You could try US Bank if the dealer uses them- their residuals are low but probably not as bad as MBCC and the MF's are arguably the lowest of any non subvented rate out there. So even if you came up with the same payment with US Bank your monthlys would go more to depreciation than the interest equivalent. Oh dont forget on the MSRP to take out gas guzzler tax (usually 3k) as you cant residualize it.
It is strange that MB USA is not incenting these vehicles more via financing, but all the auto guys got hit pretty hard on credit losses in their captive finance vehicles in the last 6 mos so perhaps just a return to normalcy. Its a shame that a 46 percent residual on an AMG is actually a realistic stat these days.
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Joined: Mar 2009
Posts: 118
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From: OC
E63, M3 SMG, F355GTS
My math agrees with yours. $68k does not seem realistic, nor does it pencil to $1400/mo. Something is fishy, but a decent deal if MBZ credit is the one you have to use.
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From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
I seriously doubt that apr is for an AMG vehicle.... BMW on the other hand did throw out nice apr's for the M cars a few months back.
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From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
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From: cali
e63
https://mbworld.org/forums/automotiv...ne-2009-a.html
Buy rates...
Y I haven't heard of a 7.5k mile / year lease either but perhaps you just keep adding 3% to the residual for year 2-3k reduction.
Buy rates...
Y I haven't heard of a 7.5k mile / year lease either but perhaps you just keep adding 3% to the residual for year 2-3k reduction.
Member
Joined: Mar 2009
Posts: 118
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From: OC
E63, M3 SMG, F355GTS
So what happened man?
This is the math on your deal, assuming that $96k is the MSRP after gas guzzler is removed from the residual calculation. You can adjust accordingly.
$96,000x.47=45,120(resid. for 36mos@7.5kmi/yr)
$68,000-45,120=22,880(depreciation over term)
$22,880/36mos.=635.55/mo.(base mo. payment)
${45,120+68,000}x.00395=446.82 (int./mo.)
${635.55+446.82}x.0875=94.70 (OC tax/mo.)
$635.55+446.82+94.70=1,177.07 TOTAL MO. PAYMENT
You can do better than $1,400 month. They are snowing you on something. Work them on the money factor. .00395 is not the bottom.
*In this scenario, your drive-offs should be...
$1,177.07(payment)+1095(?)(MBZ lease orig. fee)+900 (Calif. license fee)=$3,172.07
This is the math on your deal, assuming that $96k is the MSRP after gas guzzler is removed from the residual calculation. You can adjust accordingly.
$96,000x.47=45,120(resid. for 36mos@7.5kmi/yr)
$68,000-45,120=22,880(depreciation over term)
$22,880/36mos.=635.55/mo.(base mo. payment)
${45,120+68,000}x.00395=446.82 (int./mo.)
${635.55+446.82}x.0875=94.70 (OC tax/mo.)
$635.55+446.82+94.70=1,177.07 TOTAL MO. PAYMENT
You can do better than $1,400 month. They are snowing you on something. Work them on the money factor. .00395 is not the bottom.
*In this scenario, your drive-offs should be...
$1,177.07(payment)+1095(?)(MBZ lease orig. fee)+900 (Calif. license fee)=$3,172.07
