Quote:
Originally Posted by ESIX3POWER
1. Black loaded E550 on the show room floor (Sticker $ 66,500) I have to admit the car looked very aggressive and the black interior with the sport steering wheel blew me away. It was SICK…
Anyway, I currently have a blk 08 E63 , lease is up in Jan of 2010.. Dealer told me he would eat 3 payments and give me a 36 month lease on the E550 with $ 4000 down and 1150 a month.
Are these people crazy ??? Am I crazy to think that deal is a total RIP…
2. Dealer also said he would knock 10K off the residual on the 08 63 if I wanted to keep it.. Currently It's 61,000… You think I should purchase the car for 51K ? I barely have 10,000 miles on it.
Thanks for the feedback!
Cheers
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Going forward leasing will be more expensive. MB and BMW lost massive amounts of money on leasing and they have adjusted residual values to protect against this problem moving forward. The scale of the write-offs being done by DCFS and BMWFS are extraordinary. BMW keeps having 300-500m write downs on lease returns and with anymore of thiose they might not be around financing cars any longer.
So calculate it out on that car you think is a rip and realize in 36 months it will likely be worth 1/2 what it was new. So say that is true and you have a payment of oh 920 a month before interest. I dont know the residual but between the money factor and residuals MB Financial Services is now trying to NOT lose money on your lease. All these E55's that were leased for 995 a month were total losers and you cant expect them to keep just giving away money for fun.