09 Mercedes Benz E-Class Lease Rates – May 2009

Published 2009/05/11 by G

logo_benz My Take: It has become pretty clear that MB does not want their cars back within 24 months anymore, so their best leases are going for either 36 months or 48. For the E-Class this month, you’ll notice that the 24-month leases have gotten hit with a 2% residual value drop while the 36 and the 48 month rates have stayed pretty much the same as last month. You will also notice a slight increase in the money factor (.00014) for the 4matic sedans. My recommendation would be to do a “Lease-to-Buy” on the E350 Lux or Sport, no money down, just inception fees. Another thing is to keep in mind is that they have redesigned the E-Class for the 2010 model year, I don’t have to tell you what that means.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	36-month	48-month	36-month	48-month
09 Mercedes E350 Luxury	$50,351	$54,075	$765*	$633**	$870*	$711**

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
No rebates/incentives applied

2009 Mercedes E-Class

Special May Announcements

Published 2009/05/112009/08/21 by G

Hello dear RIDERS!

I have a special announcement for this month! I have officially given the green light to RIDE | Dealerplace. So what is this Dealerplace? It is a blog for a group of experienced auto dealers I have hand-picked to be part of this new experiment of mine. They are given the opportunity to post news relating to their dealerships and to provide you with the type “no BS” service you deserve. I encourage you to contact and comment on their service under their profile.

For our first Dealerplace member, I’d like to introduce you all to Dave Persaud. I have actually been in contact with Dave since last year. I met him through the G37 forum where he has a pretty solid reputation among Infiniti customers. He is currently working over at Long Beach BMW in Southern California. So if you are looking for a BMW in the state of CA (or don’t mind making the drive down here), shoot him an email.

I have added a sidebar widget with the latest Dealerplace News, so be sure to keep an eye on it in case something new pops up.

Thanks again for your time and Happy Leasing!

09/10 BMW 5-Series Lease Rates – May 2009

Published 2009/05/102009/05/10 by G

logo_bmw My Take: Looks like the 2010 5-series is out for leasing and the good news is that the rates are pretty much the same as the 09s. Keep in mind that there should be a newly redesigned 5-series showing up sometime next year as a 2011 model, so if you are the type that needs to have the latest and greatest, you might want to wait. On the other hand, if the 2011 ends up being ugly, you might want to snap up the 2009 or 2010 model, which I happen to be very fond of. Those shopping for the M5 will notice that nothing’s changed from last month.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 BMW 535i	$47,835	$51,925	$812	$628	$990	$749

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
No rebates/incentives applied

2010 BMW 5-Series

2009 BMW 5-Series

09 BMW 3-Series Lease Rates – May 2009

Published 2009/05/102009/05/10 by G

logo_bmw My Take: For the most part, the 3-series base rate went up on the sedans and M3s while the residuals stayed unchanged for most of them. If I were in the market for a 3-series right now, I would just consider the coupes. However, if I really need a sedan, I would probably have to live with either the $1000 Loyalty Bonus Cash or the Conquest Cash (not sure what that is though). Another alternative is to go with the 0.9% financing for 60 months. Seriously, 0.9% APR beats any lease deal going on right now so you might always explore the “joys” of ownership. LOL. I don’t really feel like estimating payments on the 328i or the 335i this month, so just go to The List for April 2009 and tell yourself that the payment range is going to be a bit more than that.

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2009 BMW 3-Series

09 Mercedes Benz CL, CLK, CLS Lease Rates – May 2009

Published 2009/05/102009/05/10 by G

logo_benz My Take: Not much of a drastic change for the CL this month. Some residuals went up by 1% and some dropped 1%. A bit weird seeing residuals go up and down like that, but as long as it saves money, I’m all for it. CLKs this month are practically unchanged from April 2009, with the exception of the convertibles. Not sure if the lease deal Dr J got last month is still going on, but I don’t see why they wouldn’t want to move those still on the lot. Check last month’s comments from Dr J as a guide to your own deal on a CLK550 or even a CLK350. CLS rates went up a bit so I wouldn’t feel too bad if you decided to give it pass this month.

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2009 Mercedes CL-Class

2009 Mercedes CLK-Class

2009 Mercedes CLS-Class

09 Mercedes Benz C-Class Lease Rates – May 2009

Published 2009/05/102009/05/10 by G

logo_benz My Take: Ready for some good news? The C-Class lease rates stayed relatively the same as last month, with only one exception. The 24-month lease residuals dropped by 1% on the C300 trims and 2% on the C350 and C63. Since the 48-month lease is the sweet spot for the C-Class, it shouldn’t affect most people looking to lease the C-Class. I am still liking the C350 this month since it may still be possible to get it for under $500 per month after tax with just inceptions (or by dropping some MSDs to lower the money factor further). Click Here to read up on last month’s comments on the C-Class to see what I am talking about. Another thing to consider is to BUY the C350. Blasphemy, I know, but still! There is $2000 dealer cash available that CAN be combined with 0.90% APR that’s available for up to 66 months. I’ve been hammering about the C350 for about three months now, not sure how much longer these numbers are gonna stick around. Let this be a warning.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	36-month	48-month	36-month	48-month
2009 Mercedes C300 Sport	$31,472	$33,775	$458*	$428**	$526*	$480**
09 Mercedes C350 Sport	$37,145	$39,875	$525*	$470**	$604*	$529**

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) due at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
No rebates/incentives applied

2009 Mercedes C-Class

The Wall: Allan P’s Honda Accord EX-L V6 Sedan

Published 2009/05/082010/09/09 by G

Name: Allan P.
Location: Miami Beach, Florida
What He’s Got: 2009 Honda Accord 4 door, EX-L Six cylinder, Polished Gun Metal/Gray Leather Interior.
What It Cost: 36 months, 12,000 miles per year, total cash out of pocket $ 595.00 includes 1st month plus other fees, total payment including 7% sales tax $ 343.00/month.

My Take: $595 at drive-off?? NICE! Top of the line Accord EX-L V6 is nearly $30k MSRP! For those looking at the Acura TSX. I think this deal seems to be better. Less money upfront, more or less the same amount per month. Plus you get a V6 too boot! Well done Allan!

UPDATE: Got the pics from Allan today and I have to say, this car looks pretty sweet in polished gun metal. I always liked the dark great look. Sweet ride Allan.

Want your ride featured on RIDE with G? Head over to THE WALL for more information.

Lease-to-Buy

Published 2009/05/052010/09/25 by G

If you are a RIDE with G regular, you have probably heard me talk about “lease-to-buy” numerous times, specially when it comes to Mercedes-Benz models. The whole concept of “lease-to-buy” refers to the idea of leasing with the intention of purchasing the car at lease-end. It is a very good way of getting into a nice ride with little or no money down and save some money should you decide to buyout the car. In this post, I will examine some key aspects of “lease-to-buy” and how it can save you some money compared to other leases and traditional financing.

When you lease a car, you normally want a high residual value and a low money factor since this combination yields the lowest monthly payments. This is because when your depreciation and money factor are low, your payments stay low. In a “lease-to-buy” scenario, you want the majority of your payments to go towards the depreciation of the lease loan so the payoff price at the end of your lease is lower. The best way to accomplish this is to find a car with a low residual value and a low money factor. This will ensure that the bulk of your monthly payments go towards the car, instead of the financing charge.

For the sake of comparison, lets take the CLK350 coupe vs the BMW 528xi Sedan. I know they are different classes of cars, but this is purely a numbers comparison, so bear with me.

2009 Mercedes CLK350 Coupe
36-month | 15k miles | residual 44% | .00008 base money factor (0.192% APR)

MSRP $48,975
Invoice $45,608
Monthly $668 (depreciation) + $5 (finance charge) = $673 + tax
Payoff $21,549 + tax

2009 BMW 528xi Sedan
36-month | 15k miles | residual 58% | .00175 base money factor (4.2% APR)

MSRP $48,925
Invoice $45,075
Monthly $463 (depreciation) + $128 (finance charge) = $592 + tax
Payoff $28,376 + tax

At first glance, you will notice the higher payments on the CLK350, don’t panic. It ends up being about $81 more per month on the CLK, which boils down to about $2,916 over the course of three years. Not bad considering the difference between the BMW and MB’s payoff is about $6,827 ($28376-$21549). That’s a savings of about $3,911, should you decide to buy the CLK instead of the 528xi at lease-end. As you can see, certain cars should never be bought at the end of a lease, specifically those with high money factors and high residual values. Now, if you plan to lease forever, then the BMW is clearly the better choice due to the lower monthly payments.

Here are a few things to look out for before you decide whether you want to “lease-to-buy”:

Make sure the money factor is much lower than the best purchase financing rate that’s available. You can find out what APR your money factor is by multiplying the money factor by 2400.
At lease-end, you will need to either pay the entire payoff balance upfront OR secure a low rate for the remainder of your loan to keep some of those savings. Keep in mind that your car would be considered “used”, which means low rates on loans may be a bit tough to get. The upside to this is that you aren’t taking out a loan on a $48,000 car.

Lastly, some cars are being heavily discounted from month-to-month, such as the CLK in April 2009. The monthly payments may very well be less than the $673 + tax that I estimated depending on how much you can lower your gross cap cost. The bottom line is this, you can save money even if you decide to buyout your car at lease end, you just need to know what to look for and plan ahead.

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RIDE with G

For those who lease cars

Author: G

09 Mercedes Benz E-Class Lease Rates – May 2009

Special May Announcements

09/10 BMW 5-Series Lease Rates – May 2009

09 BMW 3-Series Lease Rates – May 2009

09 Mercedes Benz CL, CLK, CLS Lease Rates – May 2009

09 Mercedes Benz C-Class Lease Rates – May 2009

The Wall: Allan P’s Honda Accord EX-L V6 Sedan

Lease-to-Buy