I agree with Greg and what others are saying. I first thought Bluetech was the way to go until I went and drove all of them. Unexpectedly, I ended up going with the ML550...the other extreme. It just performed better.
Also, while the Bluetech's gas mileage is attractive, it hesitated too much and was too noisy...sounded like a delivery truck rather than a luxury vehicle. And since I don't drive a lot, the gas cost factor really is not enough to overcome the lesser of performance in both the gas and diesel ML350.
One thing interesting to note, however: If you download the 'My MBFS' app from the Apple store (maybe there is an Android version), and run the payment estimator, you'll notice an advantage the Bluetech has in terms of potential resale value.
Do Balloon financing with no money down and you'll see that MB gives the BlueTech a much higher residual value over 60 months than the regular gas version: $24,655 vs. $18,450, even though the diesel starts out only $1,500 more.
So, while it may cost an extra $1,500 to buy, MB thinks it will be worth $6,205 more at the end of 60 months...even more than the ML550 at $19,878, which starts out $7,100 more.
This factor seems to what makes leasing a Bluetech cost less at $636 per month over 60 months vs. $694 for the gas version. However, if you finance it normally of 60 months (nothing down at 3% APR), your monthly payments for the BlueTech will be higher ($923 vs $896) because it starts off higher.
Assuming this MB Finance calculator is correct in all of this, including being correct in the residual values, the BlueTech is likely to be worth much more in terms of resale value than either alternative. This factor may be worth weighing into the equation if 'preservation of equity' is important to you.
It all makes me wonder, though, what about the BlueTech that makes MB Finance believe that the vehicle's value is going to be preserved so much over time, especially in contrast to the ML550. Are they putting extra weight on the potential for higher fuel prices and the Bluetech's extra gas mileage capability, and that this could make the vehicle more attractive to buyers in the future?