Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier-Mercedes Benz E-Class Prices Paid and Buying Experience

15758606263107

Comments

  • ghstudioghstudio Posts: 931
    As far as I know, multiple security deposits are OK in California and Mercedes has not "stopped taking them".....the dealer is just too lazy to look up how to calculate a lease with MSD's...and frankly if they are not truthful about this, I'm not sure I'd do business with them at all...what else are they not telling you or not telling you correctly.

    Don't make any capitalized cost reduction...it's a fake savings..you are just prepaying money so divide that capitalized cost reduction by the length of the lease and add that to your monthly payment because that's what you are paying. It's just a bad idea to prepay that money in case the car is totaled of stolen....you lose gap insurance.

    Autopay reduces the mf by (I think) .0001 certainly not .00001.

    The current promotional mf on gas e350's is .00165, I think not what you were quoted. If you do multiple security deposits, I think the mf would be .00225 less .0007 or .00155 so maybe it's not worth loaning Mercedes all that money just to save .0001...I'd have to look at the numbers.

    Sounds like the dealer is trying to find every way to make extra dollars.....again, I think I'd find another dealer who wants to deal with you fairly.

    Also, look into buying the mercedes service because you may be able to residualize it and pay only a portion of the "msrp". Ask your dealer, when you find a good one, to calculate the lease with and without service. I said calculate...not guess on a piece of paper because mercedes lease calculator does funny (good) things with maintenance that aren't logical but work to your advantage. (read back thru this board because this is a "your experience may vary" item).
  • I'm in CA, and I leased an E350 bluetech at the end of Sept, and I can attest that some dealers will accommodate MSD. I had a similar issue as local San Diego dealers were reticent to provide MSD, yet I found several dealers in OC that were willing. I chose MB of Long Beach as not only did they honor MSD, but they also did MSD off of the buy rate MF at the time which was 0.00192. So, coupled with autopay, the MF was 0.00112.

    Cheers!
  • Sorry to be so slow in making a reply;but I spend most of my time on BENZ.ORG. Re.E350. My 2010 would also get to approx 29mpg oh hwy. My 2011 seems to get 5-10 % better milage on both city & hwy. Also best mileage is on 100% gas--NO 10% ethenol. Had to make the same 200 mi trip and had E10. Mileage dropped to 29mpg.

    Now have about 1600mi on odo and will post when I have more info.
  • richardnvarichardnva Posts: 74
    edited November 2011
    Per Ghstudios comment, I'm surprised they didn't make you include the prepaid maintenance as part of the lease deal. I've read here that it's required for new leases. Even if it's not, sounds like a worthwhile investment. If you don't maintain it properly there could be penalties at the end of the lease.
  • ghstudioghstudio Posts: 931
    I believe that they can't require it, by law....that would be a tie in sale. What they can require is that you perform maintenance somehow /somewhere and follow their required maintenance schedule.

    However, in my case, they didn't even offer the mercedes maintenance plan, they offered a "better" plan for the same price. However, I found out that it was not residualizeable. I confronted the finance manager (that's the correct word) with the fact that they didn't offer me mercedes maintenance which was residualizable (to my benefit, perhaps not to theirs) and after a brief discussion, they calculated out what the lease would have been with the mercedes maintenance and refunded me the difference. So no, they didn't require it, they didn't even offer it :)

    It may or may not be a worthwhile investment for some....but on my bluetec, I think I effectively paid $200 for the A and B service I'll need during the lease. That does not include bluetec fluid (which I will add myself)...and I might get tire rotation as well....that's hazy but I'm not asking.
  • abacomikeabacomike South FloridaPosts: 3,480
    edited November 2011
    On a BlueTec (Diesel), maintenance is critical due to the diesel engine (diesels tend to be "dirtier" running engines than gasoline engines). I'm very surprised they did not offer you the maintenance plan, especially in the fianance department, because the finance people (at most dealerships, all finance personnel who present leases, finance contracts and/or title applications, etc., have the title of "finance managers") make a "kick-back" on items sold to the customer such as maintenance, tire/wheel insurance, extended warrantees, and other forms of insurance, etc. In fact, in the dealerships where I was a sales manager, the finance manager(s) is required to present the customer with an AFTER-MARKET menu, which the customer must sign-off on as proof it was presented to the customer! If the finance person makes a commission, remember, the dealership also makes a kick-back as well. Thus, by not offering the Mercedes Benz maintenance plan to a customer, the dealership could be losing opportunities for additional profits, not just the finance person!

    Tire rotation is usually a part of the A and B services at most, if not all, dealerships. As a side note, tire rotation inclusion on the sport models is worthless due to the fact that you cannot rotate the tires on the sport models because front tires are a different size than the rear tires.

    If the scheduled services can be residualized on a lease, it is definitely worthwhile considering the fact that the cost of an A service is about $325 and a B service is about $400+. This all depends upon the length of your lease and the number of miles you are expecting to drive during the lease term.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • abacomikeabacomike South FloridaPosts: 3,480
    I have 900 miles on the odometer on the 2012 E350 sedan so far, and on Sunday, with an uninterrupted trip on I95 here in south Florida of 135 miles in cruise control at 65mph, I got 33.2 miles per gallon on a round trip. To me, THAT'S PHENOMINAL considering the fact that I owned a 2010 and a 2011 E350 sedan where the best I was able to do was 29 mpg! An increase of 12 - 15% in fuel economy with oil prices sky-rocketing right now at over $103 a barrel is going to pay-off in "spades", to be sure! This new "Blue Efficiency Engine and Transmission" in the E350's has improved fuel economy sustantially (as I stated above) while, at the same time, has increased horsepower by 12% (from 268 to 302) in th 2012's.

    Unfortunately, here in Florida, it is almost impossible to get pure gasoline because the state legislature passed an "ethanol" bill under our previous governor requiring all gasoline sold in Florida to have a minimum of 10% ethanol. So long as the federal govenment provides subsidies for ethanol producers, pure gasoline will be difficult, if not impossible, to find here in the state of Florida or most other "flat" states (non-mountainess terrain) like Iowa, Illinois, Indiana, etc.

    As for the 2011's over the 2010's, I must have had a poor performing engine in my 2011 in order to get better fuel economy in my 2010 than the 2011.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • ghstudioghstudio Posts: 931
    abacomike...they did offer me maintenance, just not mercedes maintenance. The difference is that mercedes maintenance is residualizable and the "better" maintenance package is not. I took the only maintenance package offered for $800...a couple of days later, after stumbling on how mercedes handles maintenance, I pointed out to them that they didn't offer me what I wanted (and I actually was very clear that I only wanted the minimum maintenance) which was the mercedes maintenance plan. Since my residual was 75%, they recalculated as if I had purchased the mercedes package and they refunded me roughly 75% of what I had paid since they couldn't adjust the lease that they had already submitted.
  • Hi

    2011 e350 4 matic (new)

    MSRP is $58, 235

    Selling price is $48, 200

    A discount of $10,000. Should I get the 2012 instead?

    Thank you.....
  • abacomikeabacomike South FloridaPosts: 3,480
    edited November 2011
    I would as you if you qualify for the "conquest" incentive, the USAA incentive, and/or the Mercedes Benz Financial incentive. If you qualify for one or the other, you could save an additional 2,000 to 4,000 dollars, assuming the price they gave you does not include one or more of these incentives.

    The 2012's went up in price about $1000.00 in MSRP. Additionally, the incentives available are as follows on the 2012:

    USAA (if a member) incentive is 500 above factory invoice less 2000, or a net of 1500 below invoice. USAA will calculate the invoice price and the net cost of the car for you.

    Mercedes Benz financial is offering 1.9% interest for up to 66 months. YOu can even negotiate that rate down a little since they have 1% markup.

    Mercedes Benz Financial is also offering an additional 2000 incentive if you curently lease or have a loan with them.

    If you don't qualify for any of the above incentives, then you will be paying quite a bit more for the 2012 over the 2011.

    I bought my car (MSRP was 62,325) for $55,330 after the USAA incentive and the MB financial incentive (which was 1500 last month). I also got 1.65% interest rate on a 66 month loan (I borrowed 18,000). So, considering most dealers have very little inventory on 2012 sedans right now, I did pretty good. But, with no incentives, I would get the 2011 for 10K off.

    I think they still have a conquest incentive, but I am not sure of that.

    The only change in the 2012 over the 2011 is the engine and transmission. The new engine is rated 20 city, 30 highway mpg. I'm getting as much as 33 mpg highway right now, which is a big improvement.

    I think the 2011 with incentives is a much better deal than you can currenlty get on the 2012.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • Thank you for taking the time to reply.

    The offer includes the 4,000 conquest cash. Can I stack it with the 2, 000 Mercedes financial since I have another Benz on a lease?

    Thank you...
  • Hi ghstudio

    Do you know if they are still giving 4k for conquest on the e63 AMG I have a Lexus and a 2010 E550 an can I use both together? Thanks for any help..
  • abacomikeabacomike South FloridaPosts: 3,480
    Yes! You can always bundle a Mercedes Benz Financial incentive with any other incentive. That is the only incentive you can actually bundle. I bundled USAA with the Mercedes Benz Financial incentive.

    The only thing you cannot bundle is conquest with cash incentive from Mercedes Benz, itself. For some reason, only incentives from the Financial arm of Mercedes (which is actually Chase, by the way) can be bundled together.

    As for the problem you have with the "second car" being a Mercedes, I don't know. In other words, since you are not coming off lease or the car you are trading in does not have a loan on it from MBfinancial.

    See if the dealer will add the MB financial incentive, since you actuallly do have an open lease with MB financial.

    I'd be interested in hearing what happens!

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • sanvsanv Posts: 1
    Hi,

    I got the following price, after the $2000 conquest yesterday:

    MSRP - $58850
    Price offered - $51000

    Is this a good price? What prices did any of you pay for a 2012, if you bought one recently, or what price were you offered? Any help in this regard will be highly appreciated. Thanks.
  • abacomikeabacomike South FloridaPosts: 3,480
    edited November 2011
    I would think so. Mine was $62325 MSRP and I paid $55300, or about the same as you did. I also got 3 years of Mercedes Benz Maintenance included, which prices out at about $750. I did not qualify for conquest as I drive Mercedes Benz products. I got the 2000 USAA incentive, along with 1500 for loyalty from Mercedes Benz Financial.

    Any price that is less than 2000 below invoice "without incentives" is excellent due to the shortage of 2012's out there right now. My dealer told me he ordered a ton of sedans, but they are sending him 1/2 of what he was able to order. I don't know why Mercedes Benz is cutting production, but it sure reduces inventories.

    Good luck with your new E350. I love mine - best E350 I've ever owned.

    I even checked out COSTCO but none of the dealers who are associated with them down here would provide a competitive price on an E350 sedan due to the shortage of vehicles.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • The Financial incentive is for the 2012 only?
  • abacomikeabacomike South FloridaPosts: 3,480
    edited November 2011
    No. I believe there are still incentives for 2011's, if there are any left. But, Mercedes Benz has added additional incentives on 2012's.

    1. Mercedes Benz Financial incentive if you are currently in a lease or have an existing loan with them - 2000.00

    2. Loan incentive of 1.9% (which is negotiable by the way because they have a 1% mark-up on the rate) up to 66 months.

    3. An additional incentive to current owners of Mercedes Benz.

    4. USAA incentive is invoice + 500 LESS 2000.00

    You cannot bundle USAA incentive with conquest or loyalty incentive, but you can bundle Mercedes Benz Financial loyalty with USAA. You can bundle Mercedes Benz Financial Loyalty + special incentive + special finance rate.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • Hi,

    I spoke to two different dealers and they said they can not stack the conquest cash with the Mercedes financial incentive (2,000). I am assuming they just don't want to do it?

    Thanks...
  • abacomikeabacomike South FloridaPosts: 3,480
    edited November 2011
    That is correct. I must not have explained the "bundling" issues properly. Conquest Cash is for buyers who do not have a Mercedes Benz currently. You can, however, bundle the Mercedes Benz Financial incentive with USAA, which is what I did. Last month, the incentive was only $1500 for MB financial which I bundled with the USAA incentive (a net of $1500 below invoice because the USAA pricing is invoice +500.00 less $2000.00). Thus, I purchased the car for a total of $3000.00 below invoice and also got 3 years Mercedes Benz Maintenance which is worth ab out $1000.00. But rememer, factory invoice is different than dealer invoice. There is a 2% holdback for the dealer on every car they sell. Thus, if they sell you a car for their so called "invoice", they still are making 2% profit. On my car, that works out to be aboutg $1800.
    Also, you can bundle the above incentives with 1.9% financing for up to 66 month. That 1.9% rate IS NEGOTIABLE because the buy rate for that money is only .9%. I was able to negotiate a rate of 1.6% for 66 months. I always take out a loan with Mercedes Benz Financial because of the incentive they offer to those buyers who currently have a lease or loan with them.

    By the way, I don't remember is I mentioned this before, but Chase Bank is Mercedes Benz's financial broker for all these loans. Even though my loan is with MB financial, when I call to ask questions, etc., you are actually speaking with a Chase employee.

    2014 Mercedes Benz CLS 550 - best car ever! 2nd best car ever, my 1967 Corvette Stingray Coupe with 435 hp.

  • storm10storm10 Posts: 175
    While it's a good idea to use Multiple Security Deposits, MBF will not let you combine MSD's with special (discounted) money factor.

    Since E350 BlueTec does not have the special money factor, it's definitely a good idea. Especially E350 BlueTec has one of the highest residual on the market! But regular E350 sedan already have special money factor, so you have to see if it makes sense to use MSD + standard money factor, or just special money factor without MSD's.
Sign In or Register to comment.