Excited new 2012 e63 owner and my payment info!
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Junior Member
Joined: Jul 2012
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From: Bay Area
2022 EQS 450+
Thread Starter
Junior Member
Joined: Jul 2012
Posts: 51
Likes: 47
From: Bay Area
2022 EQS 450+
Working backwards, they want $1500 less down, so subtract that from the Msrp. So he is paying $275 more a month for a car worth $6k more, ie he's paying $9.6K more for something worth $6k more. Also, since he should only be paying for 39% of the car, he is paying too much.
Really he should pay the difference in Msrp x 39% / 36.
That means he should be paying no more than $180 a month.
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Joined: Feb 2012
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997 C2S
He can get a little less.
Working backwards, they want $1500 less down, so subtract that from the Msrp. So he is paying $275 more a month for a car worth $6k more, ie he's paying $9.6K more for something worth $6k more. Also, since he should only be paying for 39% of the car, he is paying too much.
Really he should pay the difference in Msrp x 39% / 36.
That means he should be paying no more than $180 a month.
Working backwards, they want $1500 less down, so subtract that from the Msrp. So he is paying $275 more a month for a car worth $6k more, ie he's paying $9.6K more for something worth $6k more. Also, since he should only be paying for 39% of the car, he is paying too much.
Really he should pay the difference in Msrp x 39% / 36.
That means he should be paying no more than $180 a month.
Leases are based on selling price not MSRP which means the discount is huge factor. With tax not being paid up front it looks like your $7995 represents a lot of cap $ to drive that number down.
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Junior Member
Joined: Jul 2012
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From: Bay Area
2022 EQS 450+
The dealer gave me 12k off, and I reduced the cap a further $5600, which means i got the $93k sticker for about $75k. The other 2400 that I paid was for taxes! California registration, and first months payment.
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E63 AMG, E60 M5
reducing the cap cost isn't necessarily good. Say you got into an accident tomorrow and car was totaled or stolen. It's money your out of, and won't ever get back. On a lease it's the best to have the minmal out of pocket towards the cap cost and push the risk over to the lessor
Thread Starter
Junior Member
Joined: Jul 2012
Posts: 51
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From: Bay Area
2022 EQS 450+
reducing the cap cost isn't necessarily good. Say you got into an accident tomorrow and car was totaled or stolen. It's money your out of, and won't ever get back. On a lease it's the best to have the minmal out of pocket towards the cap cost and push the risk over to the lessor
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997 C2S
reducing the cap cost isn't necessarily good. Say you got into an accident tomorrow and car was totaled or stolen. It's money your out of, and won't ever get back. On a lease it's the best to have the minmal out of pocket towards the cap cost and push the risk over to the lessor
Thread Starter
Junior Member
Joined: Jul 2012
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From: Bay Area
2022 EQS 450+
Good point, I refuse to put extra cash down for that reason and I would rather have my money working for me through investments. As for op you didn't get the car for 75k your deal was sale price of 81k which is a good deal. You just put cash down to artificially reduce your payment.
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997 C2S
Ironically I had a large amount of equity in my S4 as well but I took the cash and didn't come up with a dime, I was actually cut a check for $3500. Thank you S4 prob will never haopen again with another lease vehicle. My deal mimmicks friends because same dealer same options. I got about 9% off msrp and I ordered back in march deals are better for cars in inventory. Bottom line very aggressive deals out there. Big support from Mercedes
Thread Starter
Junior Member
Joined: Jul 2012
Posts: 51
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From: Bay Area
2022 EQS 450+
Ironically I had a large amount of equity in my S4 as well but I took the cash and didn't come up with a dime, I was actually cut a check for $3500. Thank you S4 prob will never haopen again with another lease vehicle. My deal mimmicks friends because same dealer same options. I got about 9% off msrp and I ordered back in march deals are better for cars in inventory. Bottom line very aggressive deals out there. Big support from Mercedes
Faster than most cars out there, incredible interior, good looks, and terrific safety.
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997 C2S
Same here i leased thats why I said very rare to have that much equity in a lease, it's good resale value because Audi doesn't over inflate there residuals to blow low lease payments out the door al la the old BMW model of leasing. I still had 9 months on my s4 lease too..
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What do you think of this deal
2012 e63 Black on Black with P02 (Performance Package), Driver Assist--MSRP 103k selling price 90k: 11k down (my trade in, they overpaid 2.5k for trade as per Galvin's), all taxes/fees into payment: 899/month for 33 months
Appreciate the feedback
Appreciate the feedback
Last edited by EOncMD; Aug 6, 2012 at 03:18 PM. Reason: error
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From: SoCal
2012 E63
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From: Dallas, TX
2016 GS
Unfortunately, there aren't too many 2012 E63's close by here in Dallas, but I found a few on Autotrader. Anyone getting any luck negotiating on a 2013? I was wanting to get a Designo Mystic Blue E63, and wanted to stay under $1200. Figure the MSRP on that car would be mid to high $90's.
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From: NorCal / Latin America
'72 Fleedwoot
One big advantage of leasing in states with a sales tax is that you only pay tax on the portion of the car you use! If you buy a $100K car new, you pay $9250 in sales tax in California. If you lease it, you drive it three years and pay tax only on the depreciation which might be $40K depreciation over three years or $3700 tax. You will also pay that $3700 as part of each lease payment rather than up front, so the present value of $9250K >> present value of $3700 paid over three years.
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
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Joined: Aug 2010
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From: NYC
W212 E63
One big advantage of leasing in states with a sales tax is that you only pay tax on the portion of the car you use! If you buy a $100K car new, you pay $9250 in sales tax in California. If you lease it, you drive it three years and pay tax only on the depreciation which might be $40K depreciation over three years or $3700 tax. You will also pay that $3700 as part of each lease payment rather than up front, so the present value of $9250K >> present value of $3700 paid over three years.
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Consumers Reports, in one of their issues, took into consideration other variables and found out it is definitely cheaper to own than to lease.
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From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
One big advantage of leasing in states with a sales tax is that you only pay tax on the portion of the car you use! If you buy a $100K car new, you pay $9250 in sales tax in California. If you lease it, you drive it three years and pay tax only on the depreciation which might be $40K depreciation over three years or $3700 tax. You will also pay that $3700 as part of each lease payment rather than up front, so the present value of $9250K >> present value of $3700 paid over three years.
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
Unless you keep you car until it is depreciated to zero, you will always pay a great deal more tax buying outright. Why you want to pay more tax?
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Joined: Jul 2005
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From: Los Angeles
A Few
Great posts in here.
Assuming a lot of these deals are for MY12s?
I'm looking to get into a MY13 since there aren't many (any) 12s left with my specs - anyone know if there's factory money for MY13s at the moment?
My contacts left my dealership so I'm getting some insight before getting the car.
$1100 max / month (or less) sounds about right for a $98k car, 10k miles, min drive offs, 36 months.
Assuming a lot of these deals are for MY12s?
I'm looking to get into a MY13 since there aren't many (any) 12s left with my specs - anyone know if there's factory money for MY13s at the moment?
My contacts left my dealership so I'm getting some insight before getting the car.
$1100 max / month (or less) sounds about right for a $98k car, 10k miles, min drive offs, 36 months.
