09 Mercedes Benz GL Lease Rates – July 2009

Published 2009/07/12 by G

logo_benz My Take: The GL450 is probably the better deal of the 3 trims. As a matter of fact, I think I’ll be putting it in THE LIST since it’s money factor is fairly low and the residual value is workable. I think that invoice price can be attained in regions with decent competition since cars at this price have a good profit margin. I wouldn’t be surprised if you could dip slightly below invoice. Just don’t forget to negotiate the sale price of the vehicle instead of the payments. If your dealer starts off talking payments with you, quickly switch the subject to the sale price/cap cost of the vehicle. That is the one and only place where you can significantly decrease your monthly payments.

Check out the new LIST for the recommended leases of the month.

2009 Mercedes GL

09 Mercedes Benz CLS Lease Rates – July 2009

Published 2009/07/102009/07/10 by G

logo_benz My Take: There is $3000 lease cash on the CLS550 this month, which is not too shabby. The MF is a pretty good at around 1.968% APR, but the residual value is a tad low. It is a decent candidate for Lease-To-Buy, but I would recommend buying it instead. You can get 2.9% APR for up to 66 months, which is not a bad option if you like the CLS and want to keep one in your driveway indefinitely.

Check out the new LIST for the recommended leases of the month.

2009 Mercedes CLS

09 BMW 3-Series Lease Rates – July 2009

Published 2009/07/102009/07/10 by G

logo_bmw UPDATE: $1260 option cash available ONLY on the RWD sedan. $1840 option credit for xDrive sedans. $1000 applies to all 3-series (excluding the wagons and diesel). With these rebates, I think I will be updating THE LIST to include the sedan. I’m really digging the $1260 option plus $1000 lease cash right now on the sedan.

Info courtesy of Dave, so all you So Cal residents, please show him the love by giving him the 1st shot at earning your business.

My Take: There are some changes to the 3-series lease rates. For the most part, they are good, specially on the coupes. MF drops on the 328xi and it also miraculously goes up 1% in residual. LOL. The 335d drops 3% in residual value (bad) and the 335i and 335ix coupes’ money factor drop to .00165, from .00175 (good). The 335ix suffers a 1% residual hit however. Other than that, most of the lease rates are unchanged from June on the 3-series. Nothing exciting going on with the Ms. If you are in the market for a BMW coupe, this month is pretty good. I believe that $1260 option credit is still going on for automatics, so jump on it! That should easily save you around $30 a month.

Here’s some free advice that actually saves you money. If your lease is a few months away from ending, figure out how much extra it would cost you if you wait vs if you get a car now. I reminded everyone not to sit on the C350s due to the low money factors and the $2000 cash for almost 4 months. People who pulled the trigger before the end of June saved themselves $2000. Those who didn’t are pretty much shopping for something else right now. So here you have a $1260 free automatic option which I believe is untaxed (a good thing) on the 3-series. If you still have a few months left on your lease, figure out if its more that this discount or not. If its more, you obviously wait. If its not, pull the trigger. Banks pull these promos out without warning. I can’t predict these things, not one can. If I could, believe me, I would tell you. You are literally taking your chances here. Sometimes you win, sometimes you lose.

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2009 BMW 3-Series

2010 BMW 6-Series Lease Rates – July 2009

Published 2009/07/102009/07/10 by G

logo_bmw My Take: Don’t know what to say about the 2010 Sixes. Residual is not bad for the most part, but the money factor needs work. The better option is still to buy them because you pay less in interest overall (3.9% vs 4.8%). Not an astronomical difference, but you are talking about a $80k+ car here.

Check out the new LIST for the recommended leases of the month.

2010 BMW 6-Series

2010 BMW 5-Series Lease Rates – July 2009

Published 2009/07/10 by G

logo_bmw My Take: The 2010 5-Series ALMOST makes THE LIST this month because the lease rates actually look VERY attractive. Unfortunately, I highly doubt you can even come close to invoice on a car that’s been on the market just a little over a month. If you could, then it would be highly recommended. Unfortunately, I don’t see it happening. BMWs in generally don’t usually hit invoice (or below it) without the help of rebates or cash incentives. No holdback means dealers can’t sell you the car anywhere near their cost. Otherwise, they can’t stay in business. If you are shopping for a “deal” this month, hang in there. I’m looking hard for one. As you can see, THE LIST is rather short because there just aren’t any solid deals to be had this month.

Check out the new LIST for the recommended leases of the month.

2010 BMW 5-Series

09 Mercedes Benz CLK-Class Lease Rates – July 2009

Published 2009/07/102009/07/10 by G

logo_benz My Take: I hope some of you were able to jump on the CLKs the last couple months. I have to apologize regarding last month’s CLK post because it came a tad too late. I should have put in more effort reminding everyone that the CLKs were being discounted heavily and that you should look into them ASAP. It wasn’t that I was wrong regarding the deals. It was more about the fact that I posted the CLK Deals Announcent on THE LAST DAY of the month. Obviously that didn’t really help everyone plan ahead. So, my apologies. There is a light at the end of the tunnel though. The CLK coupes have $13,000 dealer cash on any lease, cash purchase or financed purchased. The problem is, the money factor sucks and MBFS isn’t offering special financing on them anymore. I would suggest securing your own loan. Shop around for the lowest rates and see whats out there. I checked with LeaseCompare and they can’t really beat the insanely high lease rates MBFS is charging. The money factor is significantly lower, but you are taking a huge dump on the residual value. Not a bad thing if you plan to buy the car at lease end, but I would rather have you go straight to financing the purchase instead. If you decide to buy the car, check with your local bank or credit union. Of course the most desirable way to get this ride would be to pay cash upfront, offer 13k below invoice, tack on your taxes and fees and be done with it.

Quick little comment about the convertibles this month. They are okay. No cash available, but I’m sure you can negotiate a fairly attractive sale price since these cars are the last of their kind. Special financing is still available on these (2.9% for 66 months), so not all is lost.

Check out the new LIST for the recommended leases of the month.

2009 Mercedes CLK-Class

09 Mercedes Benz C-Class Lease Rates – July 2009

Published 2009/07/092009/07/12 by G

logo_benz My Take: Well, don’t say I didn’t warn ya. Here’s the bad news, the $2000 is gone. The good news is that I think you can do no worse than invoice. The C350 still retains it’s good old money factor from June (which is the same as May, April, March and possibly February). Certainly more expensive, but definitely not horrible. I know the good old MB dealers are going to hate me for saying this, but I think you can do a little better than invoice in areas with solid competition due to the fact that MBs have holdbacks. Now lets get into the C300. The C300 got a major MF deduction in order to offset the 2% loss in residual value. How does that compare to last month you ask? You save almost $30 per month, which translates to about $1000 in your pocket. Cool huh? So this month, I’m going to pimp the C300 Sport instead. Check out the new LIST for some sample payment calculations.

2009 Mercedes C-Class

09 BMW 1-Series Lease Rates – July 2009

Published 2009/07/09 by G

logo_bmw My Take: Nothing good to report on the 1-series. The residual took a little bit of a hit and the money factors remained steady. That pretty much means that payments will be higher this month than last month, but that is only the case if you opt for the 24-month leases. If you go with the 36-month lease, it is pretty much the same as last month. I’m not seeing any cash inceptives, but I do see 2.9% financing for up to 60 months. The .00200 MF equals to 4.8% APR, so under no circumstances should you buy out the car at lease end. If you like the car, buying is the better deal.

2009 BMW 1-Series

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09 Mercedes Benz GL Lease Rates – July 2009

09 Mercedes Benz CLS Lease Rates – July 2009

09 BMW 3-Series Lease Rates – July 2009

2010 BMW 6-Series Lease Rates – July 2009

2010 BMW 5-Series Lease Rates – July 2009

09 Mercedes Benz CLK-Class Lease Rates – July 2009

09 Mercedes Benz C-Class Lease Rates – July 2009

09 BMW 1-Series Lease Rates – July 2009