Hey guys would you guys jump on a lease for a new 2006 Mercedez Benz E55 AMG for around $600 a month for 27 months?

 

How much down and how many miles??

 

How much are you paying upfront? $600/month seems a little low unless you're putting a ton of money down upfront. And if that's what you're doing, you should buy the damn thing anyway...

 

I work for Sprint so they have an exec special pricing on certain cars. The only thing is that I pay the entire lease upfront. No money down. The reason I am asking is that this is a special that Mercedes is passing along due to the fact that the new E63 AMG just came out. Just wanted to know if you guys would jump on a deal like this.

 

The current deal on the E350 is $4,244 down and $599/month for 27 months. I cannot imagine the E55 being $600/month unless there is a LARGE down payment.

 

I'd love to have an 05 E55 AMG. I'd say go for it, you only live once.

 

Ok guys you are not reading what I am saying. This price is because Sprint ( the company I work for) is apart of a special exec pricing program. I do not know exactly how it works but all I know is that this is the price I can get it at. I would pay roughly $16000 upfront for the entire lease. Give or take a few.

 

If you have $16,000 to pay up front for the lease... do it!

 

go for it

 

I'd jump on it (but I drive way too much for a lease)

 

I find that hard to believe that MB would allow a car like that to be leased for nothing down and only $600 a month.

Do you actually have $16k to spend up front? If so, it sounds like too good of a deal to pass up.

 

If that is the case and you have the $16,200 readily available then, 'YES!' I would do it.

 

This would be my checklist:

- Own a home
- Not in CC or other debt (excludes mortgage)
- Have $16,200 up front

If you can say yes to all of those things, then I'd go for it in a heartbeat!!

 

um duh? YES YES YES YES YES YES YES!!!!!!!!!!!! as long as it isnt 10k miles a year!

 

Actually 12,000 miles a year

 

Then its a good deal if you dont drive alot like me

 

So what do you do at Sprint?

 

I'd say go for it...if you dont mind paying 8 thousand dollars for a little more than 2 years and after that owning nothing. One of my favorite cars on the road today

 

$16,000 down and 600/month for............ 48 months........ comes out to be $44,800 for 4 year lease at $11,200 a year lease.....

boy that's some expensive lease but then again, you're talking about an AMG benz.... if you have the money go for it.

 

Umm...did you not read...it's the entire amount of the lease upfront that is the $16,000. There are no monthly payments.

 

Based on what you said....I would have been driving one yesterday.

 

my fucken 330i lease would be just over 16k in a 27 month term.

 

BEST answer. Think about the opportunity cost of that lease. What WON'T you be able to do because you've sunk 16 GRAND into that lease?

 

DO IT! absoultly love that car! the pass seat adjusts like 20 dif ways

 

playing it safe

100%

 

Do it. Those would be 2k dollar payments on a moderately equiped E63 for 24 months just as a reference.

 

 

I'm not 100% sure on "exec pricing program" that MB offers to Sprint but it kinda sounds, to me, like it's only for "executives" @ certain companies that MB has relationships with. If that's the case, you shouldn't have problems financially, I suppose. JUMP ON THE DEAL!

 

Is there such a thing as being "car" poor?

Funny how all the e-millionaires on the board are telling him/her to go for it. Raise your hand if you have more than $10K in liquid assets. And I'm not talking about that killer liquor collection you hide in your sock drawer.

 

..and then some.

....and I think I may have had $10k worth of the latter prior to jumping on the wagon 9 years ago.

 

When you pay the lease up front like that do they even require a credit check?

 

I'd imagine because they STILL have to get back the car, so a credit check indicates how likely that is..

 

To answer your question, YES you can be house poor as well as car poor when you're sinking half your income into paying for your ride.

These "e-millionaires" don't know to recognize a bad financial move.

 

it sux that u'll have to give it back!!!

 

Not safe, but smart. If he's living home with Mommy and Daddy it makes zero sense to lease a car like that... no matter how good the deal is. I mean, if he wants to just give away $16,200, he can give it to me, I'll invest some... and in 27 months I'll actually be able to give him some of the money back... and either way he'll be w/o a car.

It's retarded to try to be car rich when you own nothing else. But, if he owns his own place, then it's a different story. My money is on him either renting, or living home, in which case, not a smart move.

 

 

Don't be hatin' at those living at home with mom & dad ... I live at home (until I get married early next yr) but own my own business so I could use upto C$800/month off of my car lease for tax purposes. If I could find a 27 month lease like he had ... I would jump at that (no such luck in Canada).

And yes, I have > $10k in liquid assets but used it to buy CNR this morning. I could round up another US$16k from my ING acc't though if I could find that lease here...

 

^ Haha, not hating. Plus, your situation is different, you have assets. Notice I said it's retarded to be car rich when you own nothing else... meaning no other assets. So I covered myself

 

Dammit -- lost it due to poor reading skills.

Hey -- whomever started this thread ... did you pull the trigger and lease the E55? I think for that kind of money ... that car would be the hawtness.

 

Assuming that this guy has his finances in order and can actually afford to do this deal, this is a rediculously good offer. Even if you bought the car, you would not be able to sell if for 16k less in 27 months. You would be looking closer to 20k less, so this is actually one of the few times where a lease makes sense.