Looking to Buy E55
Thread Starter
Newbie
Joined: Mar 2004
Posts: 1
Likes: 0
Looking to Buy E55
I'm looking to add an E55 to my garage. I'm either going to buy it outright or lease it. I was wondering what kind of monthly payments you guys who are leasing are paying and what the details of your lease are. My dealer is jacking me around and wont give me straight numbers. Thanks.
Banned
Joined: Mar 2002
Posts: 1,384
Likes: 1
From: House of Imports, MBZ (So. Cali.)
'06 ML500 w/Apperance pkg & '07 SL550 w/AMG pkg
I am sure that you have leased cars before, so me telling you that there are numberous varibles involved is not a revelation! Length of term, miles per yr., Selling price of the car, money out of pocket.....just a few of the questions that need to be answer prior to giving out numbers. But, if you have good credit and are looking at a modestly price car your payments for 48mos should be in the middle teens (ie. $1300 to $1500).
Super Member
Joined: Dec 2001
Posts: 763
Likes: 0
My lease (which can be terminated without charge at anywhere from 39-54 months) is $1100/month, taxes paid up front, 15000 miles/mo, zero down payment.
Mercedes Credit had offered about $1400/mo.
I said no thanks.
Mercedes Credit had offered about $1400/mo.
I said no thanks.
Almost a Member!
Joined: Feb 2004
Posts: 67
Likes: 0
From: Ridgewood, NJ
04 E55 AMG
although i chose to buy my E55. Lease rates I have been given (and again this also depends on options - and thus purchase price) have been quite a bit better than 1300-1500.
Rates I've seens are based on 39 mo - which actually should be HIGHER than a 48 mo lease, and are closer to the low end of that range. In fact given as I understand it, MB can get to a 200ish money factor and a 57% resid., if you get at least a little off the sticker you could get into lease rates that start with a 12 rather than a 13.
My view however, was if I was going to lease, given the rather high money factors compared to current interest rate environment, you may be better, if you can, just negotiating a one pay (i.e. just PV their lease payments at the implied rate from the money factor and offer them that up front (this also helps apply a little leverage in getting the rate down.
Knowing no further details, AMG55's rate seems quite good (better than ive seen).
Rates I've seens are based on 39 mo - which actually should be HIGHER than a 48 mo lease, and are closer to the low end of that range. In fact given as I understand it, MB can get to a 200ish money factor and a 57% resid., if you get at least a little off the sticker you could get into lease rates that start with a 12 rather than a 13.
My view however, was if I was going to lease, given the rather high money factors compared to current interest rate environment, you may be better, if you can, just negotiating a one pay (i.e. just PV their lease payments at the implied rate from the money factor and offer them that up front (this also helps apply a little leverage in getting the rate down.
Knowing no further details, AMG55's rate seems quite good (better than ive seen).
Last edited by Tiberius; Mar 3, 2004 at 08:40 PM.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
Originally posted by amg55
My lease (which can be terminated without charge at anywhere from 39-54 months) is $1100/month, taxes paid up front, 15000 miles/mo, zero down payment.
Mercedes Credit had offered about $1400/mo.
I said no thanks.
My lease (which can be terminated without charge at anywhere from 39-54 months) is $1100/month, taxes paid up front, 15000 miles/mo, zero down payment.
Mercedes Credit had offered about $1400/mo.
I said no thanks.
Trending Topics
MB World Stories
The Best of Mercedes & AMG
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
Super Member
Joined: Jan 2002
Posts: 629
Likes: 2
From: West Chester, PA
All of the above
As Marcus Benz suggests there are many variables in pricing a lease payment. In addition to the things he mentioned I have found (by shipping cars to various states) that taxation of a lease varies by state as well. In PA you pay tax on any down payment as well as 9% monthly tax on each payment (yes, our sales tax is 6% but 9% on a lease) to make it more complex some cities / counties have an additional tax, i.e. in Philadelphia there is an additional 1%. Some states collect all of the tax upfront and some tax on the payment at differing percentage rates.
I just mention this to have you realize that payments will vary by state and that should be taken into account when comparing what other members are paying.
I just mention this to have you realize that payments will vary by state and that should be taken into account when comparing what other members are paying.
