Deal Check - 2023 Mercedes S500

Hi,

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

Calculator: CALCULATOR | LEASEHACKR

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.

I can get a better deal with my dealer if you want. I’m on east coast

If anyone wants. My dealer has 5 of them.

3 Likes

You should be making offers of a payment + DAS based on 23% off at .00325

Let them hike the MF with a further discount to hit the same effective payment

MSD or one-pay will reduce your cost further without needing more discounts from the dealer.

1 Like

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…

3 Likes

Thank you! Now I’m incluned to take it as it is my ideal spec. It’s won’t hurt to pay for a little more for the spec lol

Hey. Thank you for posting the great deal. CA tax and shippping cost will probably ruin it :frowning:

Register in Montana like me :upside_down_face::upside_down_face::upside_down_face:

1 Like

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. :smiling_face_with_tear:

Do you know if the .00365 is the base rate for Aug? Dealer told me it was .00325 last month and raised to .00365 in Aug.

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. :grimacing:

1 Like

Since you are a super supporter you should be able to use RateFindr in the LH Calculator.

The 13 month detail is not available on LH yet. Guess I need to ask another dealer. :joy:

Maybe @derekoh1991 can confirm what the rates are for august

I would be intertested in one of these!

are 2022 lease support done?

Yes they’re done

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.

1 Like

i have a dealer telling me i can lease one still ?