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?

Its an error or a bait and switch.

Did you even bother to read the entire listing????

I knew i was missing something! I did read the entire listing but i missed one of those zeros. Kinda like having an extra decimal point....

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.

let me ask and pardon my ignorance. what is typical lease payment on a E63 on a three year lease?

I'm not sure what typical is but let's pick a really good deal. Assume an MSRP of $107,000 (which is within the range of typical for a moderately optioned car).

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.

Residual is usually 60% on the E63S.

60 percent residual for what lease term and miles per year?

36 months/10k miles

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.

Yeah that lease swap is a bad one and it's been there for a little while.