Out of curiosity, I just tried building one on Mercedes Benz based on what I saw in the pictures/description, and I think the MSRP is $210k+.
The ad also shows that this is a 15,000 miles per year lease. This isn’t the kind of car Edmunds seems to post the RV/MF for, so using the payment estimator on Mercedes, the payment on SAL actually isn’t that far off (assuming zero discount and zero down/DAS). The person probably bought a few protection packages and may have rolled in a little negative equity, but it doesn’t seem as crazy as the payment first looks.
Typically, I find the manufacturer website quotes to be on the high side. Considering the payment is close to $900 more than Mercedes is saying, he has to be overpaying.
Not disagreeing with that. My original point was just that $5,300/month isn’t “impossible,” to imagine how it happened on a $200k+ car that likely depreciates like a rock - unlike the $1,500+/month 4 series mentioned above.
MSRP is probably closer to $230k+ - the two tone paint alone is a $12k option. Assume no discount or incentives. Probably some aftermarkets and f&i addons too.
I don’t have fresh numbers on this car, but in the past I’ve seen residuals in the low 40s for 36 months. MF will be Mercedes standard mf, so buy rate close to .003, probably around .004 when marked up.
Not hard to see how you can get to $5k plus on it. Not a very LH-friendly car, needless to say. I’m guessing the Venn diagram of “people who shop for Maybachs” and “people who spend time optimizing lease payments” is just two circles.
