I’m in NoCal and been looking for a deal on S500. Would really appreciate it if any hackers could provides thoughts on this deal and if there’s chance to negotiate further. Thanks in advance!
MSRP: $123,185
Selling Price: $96,185 (21.92% off including $10K MB dealer cash and Amex)
Residual Value: 75% (13/7.5k)
Money Factor: .00365
DAS: $5000
Monthly: $932 + tax
Looks strong compared to a couple of recent posts in Marketplace (I’m assuming you’ve spent some time there as well).
The 13-month payments on some of the S500s posted recently are red herrings, and aren’t as unicorny as they appear once you factor in the upfronts’ impact when spread over such a short term.
Unfortunately can’t one pay or use MSD on 13 month with Mbfs. That would be a game changer though.
I got mine for under $1k/mo effective which is challenging because you need to be around 24% off with base MF (depending on MSRP). At that point you’re basically just paying the rent charge which is what you want with these deals. Mine was a loaner though and was a perfect storm of right place right time. Hard to say how much room there is on a new one.
Regardless people seem to be entranced by a lot of these 13 month deals not realizing that every thousand of down payment equates to $75 monthly…
Thank you for the info! I will try to hit 23%. They told me the rate raised this month and buy rate is .00365. Is there any way to verify the rate? Seems like nobody has the 13 month program detail except for the dealers.
That’s really a great deal! The effective on this one is $1300ish. I’ll try to negotiate another 1.5% from them or push them to remove the $1.5K add on.
There is enough leverage to go aggressive with your offer. My trusted MB dealer told me that they just can’t seem to move the S500’s. I think the reason for it is because the difference between the 500 and 580 on a purchase is only a few thousand dollars. Most go for the V8 over the V6 as a result.