Originally Posted by XXSASSXX31
I have really been trying to figure out what Benz to get...and it has come down to this and I would appreciate all the help.
First off, when does the 08' CLS 550 come out? What are the differences between the current 07' CLS 550 and the 08' CLS 550 that is going to come out soon?
I currently have a 2002 G 500 and I am trying to figure out when to get the CLS 550. Also, what type of payments should I expect on a lease for a 3 year lease with minimum 12,000 miles a year with A PLUS Credit with both 0 down and $5k down with anyone who might have leased one or have any ideas on this. Will the payments be substantially different on the 07' and 08'? I want all the sports packages and everything...I am definitely looking forward in getting this car and any help would really be deeply appreciated!
Is the body of the car also going to be changed any time soon? Thanks a lot again!
All I could suggest is that you note that if you lease one soon, the residual value on the '07 is probably be going to be a LOT lower than on the '08.
I have also read the "capitalized cost" (agreed upon value of the car at the beginning of the lease) is ABSOLUTELY negotiable, just the same as would be the case when you are buying a new car.
Check also, the per-mile charge you would need to pay for each mile over the 12,000 mile per year cap you would be charged. It can add up very, very quickly, and while 12,000-15,000 miles per year is about the American average, distances driven can be pretty high in some areas - what about you?
I'm sure there must be lease payment calculators all over the internet that would help you out, along with plenty of sites with good information.
If your timing was right, you could probably score a better deal if a factory lease promotion for the model you want was going on at the Mercedes dealer.
Might also be worth asking if you are a credit union member, whether yours would be able to do a lease deal with the car.
I am assuming by the Sport Packages you would want the AMG version. Really awesome, but there'd be a pretty premium over the standard package, which would affect your numbers for sure. My guess is that the depreciation would be pretty high on these cars after three years.
When you select it, be sure you are happy with the color and options. Even if thatg meant you had to wait, after ordering the one you wanted.
In a 3 year leasing situation, I'd avoid any aftermarket warranties, as well as rustproofing and interior protection packages, the after market high profit stuff they try and sell you in the finance manager's office.
I am pretty sure these days that you are given the right to purchase the car at the end of the lease, if you like it, but ask, to be sure.
The cars are supposed to be returned at lease end with "normal wear and tear", so don't beat on the car too bad when you have it. Some Lessors can hammer you real good with value reduction in the car's worth by deducting for every little flaw and scratch.
Also, try and find out what would happen if the car got stolen or badly wrecked in the course of the lease. I don't know, but I would want to find out....it sounds like a trap for the unwary, and it would be good to know before you signed anything
I would also be made aware exactly what any fees and penalties would be due if for any reason you had to terminate the lease early. I suspect there are such fees, and it would be good to know what they were.
They might also offer you "credit disability" insurance which is some kind of guaratee the lease payments would get made, if you were incapacitated and couldn't make them. These kinds of policies are extremely high profit items for the Dealer/Lessor and the beneficiary is them, not you, ie, the benefit to them is that they continue to get paid no matter what. If you want that insurance, chances are you could do better purchasing it on your own. I always declined that.
I am betting they will offer to sell it to you though.
As to the wheels, probably you don't need to upgrade. Stock is pretty good, even better than with the AMG wheels. I wouldn't especially during the factory warranty period, and if you do,make sure they don't affect the warranty.
For certain situations, leasing can work very well. You can get into a lot of car for a little money. Hopefully it will be a good fit for you....
I hope that helped a little bit