Whats up with this lease deal?
Thread Starter
Senior Member
Joined: Jan 2007
Posts: 353
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From: Wilmington,NC
E63
Whats up with this lease deal?
Off of swapalease.com
2014 E63 S 4MATIC
$1 a month for 27 months, 19,000 miles remaining
http://www.swapalease.com/lease/deta...x?salid=867062
How can this be? I've never leased so I don't know much about it but how on earth can this be offered like this?
2014 E63 S 4MATIC
$1 a month for 27 months, 19,000 miles remaining
http://www.swapalease.com/lease/deta...x?salid=867062
How can this be? I've never leased so I don't know much about it but how on earth can this be offered like this?
Super Member
Joined: Jan 2009
Posts: 852
Likes: 5
From: Rural NoVA
'14 E63S, '13 G550, '06 E320 cdi, and a bunch of other stuff.
Did you even bother to read the entire listing????
THIS IS A PRE-PAID LEASE. LOOKING FOR A ONE TIME ONLY PAYMENT of $39400..00. for 26 months of use.
Thread Starter
Senior Member
Joined: Jan 2007
Posts: 353
Likes: 0
From: Wilmington,NC
E63
MBWorld Fanatic!
Joined: Jul 2014
Posts: 1,064
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From: New York, NY
2019 E63 S
This ad is a complete joke. More than $1500 a month to drive the car 700 allowed miles a month? What a rip off. But I assume the one dollar per month thing will fool someone into believing that this is a good deal until they get the demand for the extortionate payment for no miles. Soda reminds me of that ridiculous dealer we saw on another thread recently trying to sell a used E63 for more than what you can buy a new one for.
MBWorld Fanatic!
Joined: Jul 2014
Posts: 1,064
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From: New York, NY
2019 E63 S
If you get a great discount from your dealer and add fleet money you can buy the car for about $95,000. Assume you put nothing down on your lease which is always the best idea: that is not making a capitalized cost reduction.
Also assume you put down 10 multiple security deposits to reduce the money factor down to .00125 from the standard top-tier money factor of .00195 on this car.
Assume a residual of about 56% for your average term lease of 36 months.
Before sales taxes, your lease payment should be about $1170.
An average to not so good deal could be more like $1300-$1600 a month.
To me the lease price of approximately $1550 a month on that advertised lease for only 700 allowed miles a month is a bad deal.
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MBWorld Fanatic!
Joined: Jul 2014
Posts: 1,064
Likes: 30
From: New York, NY
2019 E63 S
Well at 60 percent residual value the lease payment in my example would be about $1050 before taxes. That is about as good a deal as can be had as that has maximum discount, huge dealer discount, fleet money, best credit tier standard buy rate money factor and maximum lowering of money factor with 10 MSDs. Taken in that light the $1550 per month lease offer on Swapalease to drive a mere 700 miles per month looks pretty terrible to me.
