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I cant believe the lease Quote I was given for a 2012 E63

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Old 11-29-2011, 03:18 PM
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2010 E550.. Gone but never forgotton - E63 AMG..
I cant believe the lease Quote I was given for a 2012 E63

My friend is shopping for a 2012 C63 but upon seeing the new E63, we sat down with a sales guy for a quote at the sovereign dealership in Brooklyn NY. $ 2,025 per month with $7500 down. 24 month lease. This according to the salesmen was as good as its going to get " for now ". I was laughing my *** off in front of him. He said there are no 2011 E63s left, cant lease one.
Old 11-29-2011, 03:27 PM
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Originally Posted by ESIX3POWER
My friend is shopping for a 2012 C63 but upon seeing the new E63, we sat down with a sales guy for a quote at the sovereign dealership in Brooklyn NY. $ 2,025 per month with $7500 down. 24 month lease. This according to the salesmen was as good as its going to get " for now ". I was laughing my *** off in front of him. He said there are no 2011 E63s left, cant lease one.
Well without knowing the particulars its not entirely easy to judge that quote. The 24 months part will clearly generate a higher residual but also a higher depreciation payment since its not spread out wide. The interest equivalent payout will also be higher since its a derivative/percentage of the residual plus the net cap and with the 24 months the residual is higher.

So what are the following numbers:

MSRP (and gas guzzler tax)
Residual percentage/Miles per year allowed (we know the term is 24)
Whats the gross cap of the car (pre cap adjustment from part of the drive off)
Whats the tier of the money factor and what money factor did the dealer use? (im sure the dealer is making rate on this deal upwards of 2 pts)

Then we can truly determine whats fair or not.
Old 11-29-2011, 03:36 PM
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that is crazy you can do better then that on a sign and drive! thats a crazy number maybe he thought you said cl63
Old 11-29-2011, 03:38 PM
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2014 S550, 2014 Porsche Turbo S, 2013 Bentley GT Speed W12
MY boy got a 2010 when they just hit the streets for @ 1200 all taxes inclusvie..

BTW- Soverereign has ****ty prices to begin with...
Old 11-29-2011, 04:05 PM
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2012 CLS63
I'd let my 2011 E63 go for 80K......
with all the extra parts too.......wheels, sidemarkers etc.....
Old 11-29-2011, 04:32 PM
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2012 C63 AMG edition 1
HAHAHAHA Soverign is a joke! Go to Rallye, everytime I buy a Benz I go to Soverign first and then Rallye takes at least $1000 off the sticker.
Old 11-29-2011, 04:58 PM
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Originally Posted by hyperion667
I'd let my 2011 E63 go for 80K......
with all the extra parts too.......wheels, sidemarkers etc.....
I get 1st dibs on those Vossens!
Old 11-29-2011, 07:01 PM
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2012 CLS63
haha, those are going on the newbie
Old 11-29-2011, 07:17 PM
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20's or bust, Hype!
Old 11-29-2011, 10:27 PM
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C63
What was the MSRP on the car?
Old 11-30-2011, 07:10 AM
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2012 CLS63
msrp was not what I paid, I paid 87,400, plus all the other tax and dealer BS......
has less than 5K miles, vossens and a CF diffuser, and you get all the spare crap too....
Old 11-30-2011, 12:54 PM
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Ok since no one gave me the info- Ill do my standard customer service for the community.

I got some info:

2012 E63 24 month residual is 60% for 15k miles... top tier money factor with no dealer reserve is .00195.... lets use a heavily equipped car with an msrp of 105k.

105k times .60 is 63000 (2 year residual) - and lets say they sold it for a net cap of 105k with no cap reduction; your base depreciation would be 1750 per month. Now lets assume the dealer gives you the .00195 rate- your interest equivalent would be 328 dollars per month. Add in 7.75% taxes and your payment is 2239 per month.

This excercise has a lot of assumptions and no cap reduction but you get the idea. The E63 (2012) has a crappy 2 year residual. The CLS63 is 64% at 15k miles in comparo.
Old 11-30-2011, 01:55 PM
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2012 CLS63
Originally Posted by Gsc
20's or bust, Hype!
I hear you man!
Old 11-30-2011, 10:19 PM
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Vic is the rate for the cls also .00195
Old 11-30-2011, 10:21 PM
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Also I know cls has 2000 lease cash rebate what's the e63 have?
Old 11-30-2011, 11:04 PM
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Originally Posted by BRETT0429
Vic is the rate for the cls also .00195
The .00195 rate is standard for top tier credit. MBCC has subvented lease rates but not on the AMG's

Originally Posted by BRETT0429
Also I know cls has 2000 lease cash rebate what's the e63 have?
I have not heard of any cash rebate on AMG's currently. (CLS63 or E63)
Old 12-02-2011, 06:04 PM
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2006 e350(gone), 2008 gl450(gone), 2011 e63 amg
interested in a 2011?

http://www.swapalease.com/lease/deta...x?salid=718918
Old 01-11-2012, 04:31 PM
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Originally Posted by Vic55
Ok since no one gave me the info- Ill do my standard customer service for the community.

I got some info:

2012 E63 24 month residual is 60% for 15k miles... top tier money factor with no dealer reserve is .00195.... lets use a heavily equipped car with an msrp of 105k.

105k times .60 is 63000 (2 year residual) - and lets say they sold it for a net cap of 105k with no cap reduction; your base depreciation would be 1750 per month. Now lets assume the dealer gives you the .00195 rate- your interest equivalent would be 328 dollars per month. Add in 7.75% taxes and your payment is 2239 per month.

This excercise has a lot of assumptions and no cap reduction but you get the idea. The E63 (2012) has a crappy 2 year residual. The CLS63 is 64% at 15k miles in comparo.

Dredging up a zombie thread!

Vic,

Thanks for getting those numbers. Do you have any data on a longer term lease? I'm curious if the depreciation is linear into the 3rd and 4th year or if it starts to level-off a bit...

"Nothing accelerates faster than the depreciation of an AMG...."




-G

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