I just went to mercedes greenway today in houstonto go over the e63s wagon I had ordered. My issue where I was getting frustrated was I wanted the new designo blue color($3950 option) and the sales manager had told me when I ordered if I ordered that blue my deposit was non refundable, so I turned around and ordered polar white originally. Went back today and the sales manager was out and there was a young woman who came as the manager in charge to discuss issues with me and I could tell right away she had no idea what she was talking about(which is sad for someone in her position). Anyways I simply asked her to run the lease figures for me on a gle63s they had there for $125k so I could see the money factor and residual on the car since she couldn't give me the numbers for the wagon which of course I understood. After a few minutes she finally understood what I was saying and kept reminding me the numbers would be different bc its a different car, yes I understood that too. Anyways she goes and talks to the finance manager and comes back with this

"all amg's are around .004" and Im sitting there dumbfounded as thats almost 10% interest. I kindly reminded her that a regular e450 would be like .0014 or maybe even lower and she said maybe you should get one of those. That too pissed me off her sarcasm bc for me I want a lease for business purposes for starters and secondly with the bad amg aftermarket warranty options I don't plan on keeping the car once its out of warranty.

Anyways is this true? Are amg's usually .004? I've never leased an AMG, have owned and lost a fortune before. Audi quoted me .0032 on the rs6 avant. Im just confused bc I've leased lots of cars before, is money factor not based off credit worthiness? Im an 800+ score and then the residual is based on the car and in this case the e63s wagon retains value pretty well.

Id really love one, but agreeing to anything near .004 is just laughably bad business.

 

if any of you have a good guy you work with who has reasonable figures on a 2021 e63s wagon and can share a contact im very interested, thank you

 

I know where you are coming from. When I bought my wagon, the finance rates for AMG were ridiculous (5.99%) compared with “run of the mill” MB models. Worse still was since I was doing European Delivery, no one outside of MBFS would finance the car because the car and it’s title weren’t in the US when I took delivery of the car.

That said, I don’t know about what they told you with regards to the Blue color you wanted and the deposit being nonrefundable. That sounds like BS to me, and I probably would have walked on that. At least checked with another dealer in your area.

The interest rate they are charging seems really high to me. The one from Audi also seems ridiculously high also. I do know when I bought, my salesman told me he thought it made more sense to buy than to lease any AMG. His opinion, anyways. I wanted to buy as it is my daily driver and I put a lot of miles on my car.

I can recommend you talk to your bank or credit union to see what they can do. As I told you, I had to bite the bullet with them and finance with them. I could refinance, but have decided to pay off the loan quickly, and avoid the large interest rates they are charging.

Good luck!

 

I don't know what the MFs are these days, I haven't leased in decades, but yes generally AMGs lease very poorly. That's pretty well known. Audi RS as well. These cars don't make good leases. Your quoted MF does seem high, but seeing that Audi quoted you in the same ballpark I'm not sure. I would guess that's not their buy rate, though, and instead they are marking it up. MF/interest rate is based on credit, but they are simply higher on the performance models. I guess there is more risk in leasing them even to somebody with good credit. BMW leases even on the M models are much more attractive. Generally it's better to buy an AMG. I would honestly not be surprised if the MFs shot up given the current uncertainties and financial risks due to COVID and the economy. I'm guessing the longer this goes on, there'll be a glut of people defaulting on their leases. Just a matter of time.

 

That's high, even for an AMG. I understand the advantages of leasing through a business but it might be cheaper to own and take down the depreciation as lease rates on 100K+ AMG cars are usually absurdly high. Buying usually prevails, even with the tax edge factored in.

 

As I mentioned in your other thread, it was .00345 when I got mine in January 2019. I financed at around 3% instead. I don't know if MBFS just doesn't want to lease AMGs or whether people actually pay those rates.

 

I don't know any recent rates and the whole COVID impact, but that rate is absurd. You should definitely shop around and call some other dealers in the nation to get an idea.

My rate on a 2020 E63s in December was .00265, which I thought was crazy coming from BMW.

 

Thanks guys I went on the recommended Edmonds forum someone mentioned in the other thread and I see 2020 E450 going for .00145 mf amongst other regular cars going sub .001 even. Where I get extra confused is we've all seen how well these e63 wagons hold value, the residual should be high, I didn't get a residual from them but the gle63s i saw was a 50% residual, I figure the wagon begin significantly rarer holds its value way more. I was looking for the lowest mileage lease 7500 miles/yr for 36 months. I work from home now mostly and kids school is fairly close by.

If any MB sales people read this thread and have a solution please message me bc I would love the car. Like I said buying is not for me anymore, I don't really have interest in owning the car outside of warranty and the aftermarket options aren't too great, I've dealt with them on other mercedes before.

Im not an unreasonable human but if all amg's lease like this, mercedes just simply must not want to lease them? Understand that too as resale is bad, I know that first hand. I just prefer convenience of enjoying the car and returning it with none of the games trading it in or trying to sell it.

 

Yea they had a brand new gt roadster inside by my sales guys desk, 2020 white/black $139,995 and it said finance for 4.9% with $0 down on it. $2600/mo. Even though not a good rate, still crushes any mf of .003-.004

 

So when i ordered it, the sales manager said if i order the designo blue my deposit would be non refundable bc it would be hard to sell if i backed out. So for the time being I ordered polar white just bc my deposit would be refundable if I wasn't happy with the leasing programs. That was a week back, I went back today bc I saw a gle63s on their site give or take same price so I figured lets see lease programs on that ie mf and residual and I can get a ballpark of what we're dealing with and if Im happy I will switch to the paint I want and move on. Like I said the sales guy and the manager spoke with the finance manager and jsut came back with "around .004" is standard for AMG cars. I just don't get that bc frankly nobody would lease an amg car unless they really had more money than brains. Look at the end of the day I ran the numbers really quick there my idea was around $1900 + tax and with their .004 would have been $2500+ tax, no an extra $600 wont kill me but thats flat out a bad deal. I can't sign onto a 10% interest rate while having a pretty much perfect credit score. Im sure others leasing cars don't understand all the numbers and how they work but I do and it was just silly the concept of paying an extra $22k over the term of the lease.

 

I checked on Edmonds for a 36 month 7500 miles a year 2020 E63S and got back a residual of 53% and a money factor of .00185. I assume the money factor will be a bit higher on a 2021 which I plan to order. I figured I will have a $132,000 build so I should be around $2133 a month with 9% tax included. I am fine with this and hopefully this is realistic.
* You can run the numbers on leasehackr calculator.
Eric

 

I did and those numbers are correct, even though i disagree with 53% residual, regardless speak to your dealer and let me know if you can get that. If you can I will order one with you and maybe they will give you a discount for referring me. In houston this dealer says that mf is no way happening on an amg car, any amg car for that matter.

 

I'm going to order my car in January/February for a spring delivery. I will deal with the details at that time. The rates change every month so no clue where they will be then. I will ask prior to placing my order so I know what I'm in for.

 

Better to buy these cars. Cheapest money is from Bank of America. I just got my car loan from them for $95,000 for a 72 Month loan for 2.64 percent APR. MB Financial of course could not compete.

 

i couldn’t agree with you more. I would never pay 10% interest. No way. Especially on a lease. That’s just ridiculous.

This is my first AMG, and so far, so good. You say you have had AMG’s before and that the extended warranties are not great. Would love to hear your experience? I was planning on getting a Mercedes extended warranty as mine was coming close to expiring.

 

I always get the extended warranty when I buy the car because it's a bit easier to negotiate a price then. If you have a major failure, you'll be very glad you have it. Little things tend to be nickled and dimed. For instance, they always charge you for diagnosing the problem, which is not covered. Repair is covered, but not diagnosing what needs repairing. A lot of things like batteries. bulbs, interior fittings, trim, etc., are not covered so you can't treat it the same as the new-car warranty. But they give you a list of what's covered and they stand by that. It's more of an insurance policy against something big going wrong than an extension of the new-car warranty. But if you approach it as that, it's great piece of mind. Especially when a blown engine repair can run mid-five digits. Just don't expect them to cover fixing a creaking dash.

 

I haven't owned an AMG in almost 10 years. I bought a 2008 CL65 in 2011 that was the last one I owned. I do remember looking around at a 2015 S65 maybe 3 years ago for near $100k it had like 35k miles and I remember calling a few places for aftermarket warranties and nobody wanted to give one. I swear I was told mercedes didn't do extended warranties on the amg's. I don't know maybe i was wrong on that. I remember passing on the car bc I couldn't find an extended warranty. Mercedes are great cars owning is fine, like I said for me I prefer leasing bc I just don't keep cars for a long time or drive lots of miles. I also just dont enjoy playing the trade in games when its time. " O wholesale value is X" and its way lower than you thought going in. I just want to lease the E63S and in 36 months, lease another car. Someone in private message did give me a contact at another mb dealer far away, i reached out and am hoping we can do something.

It just seems all these brands have bad leases on their high end cars. Audi was quoting 50% and .0032 on the rs6 avant based off the rsq8 figures they were doing. Slightly better than mb but still awful. I think it says alot about what mb thinks about the amg cars when they prefer to not take them back in lease deals.

 

Godspeed. Most lease threads here are an exercise in the seven stages of grief. I hope you find peace.

 

From what I have read and seen, most AMG’s depreciate quickly. Maybe it’s the expense of maintaining them that causes this. Same with Audi RS and BMW M. I think that’s why they prefer to finance than to lease. Just a guess. Wagon depreciation is better than sedan’s, but they aren’t 911s when it comes to holding their values.

All I am looking for in an extended warranty is the insurance against the major stuff, engines, transmissions, etc. Bulbs and trim are ok, though I hope the LED headlights last as long as they claim. My dealer offered me a MB Extended Warranty for my wagon when I purchased, so I guess they are offering it.

Best of luck w your decision. Keep us posted.

 

I think they depreciate so heavily because AMG owners want (and can afford) the latest and greatest. The technology does advance almost every year, so it's not surprising that last year's model is not bleeding-edge anymore. The resale market for non-AMG MB or non-M BMW is not as sophisticated. Many people are thrilled to get a two or three-year old Mercedes or BMW.

 

It's the same with everything. Mercedes subsidizes the lower end leases by charging more for the higher end leases. Higher income people subsidize lower income people. They charge what the people will pay. More people fly first class the airline can lower the economy class tickets and pack them in. As far as I have figured out it's just the way the world works. We all have choices on how we spend our money. I like a nice car so I am willing to pay, not so much when it comes to clothing for me.

 

Probably, They pass off the depreciation to the customer versus them taking it by pushing us to buy them versus lease. BMW has much better lease rates typically but the way their design has gone as of recent years, lost me as a long time M customer. I got a 911 instead, and trying to figure out how to get into the 2021 e63 dance. Buy or lease? Nothing really stands out as the obvious winner.