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

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Comments

  • mbzgalmbzgal Posts: 8
    thanks for all of your responses!

    but would the insurance company pay the diminished value amount to both myself and mb financial since technically they are the owner of the car as it is a lease?

    if given a diminished value amount do you think i could negotiate with mb financial to do an even exchange for an identical car?

    it looks like the prices for some of the identical options now have a higher msrp...at least that's what the dealers are showing for msrp.
  • abacomikeabacomike South FloridaPosts: 3,134
    Diminished value

    Until, or unless, you return the car to Mercedes-Benz, there is no diminished value, and only if Mercedes-Benz says that the car has not been repaired properly.

    It sounds like you want to turn your car into the leasing company early. Let's assume you turn the car into Mercedes and you pay the additional amounts due because of early termination of your lease. Unless there is an actual loss to you or Mercedes does insurance come into play.

    Has the car been repaired as of this date? If it has not, there is no sense arguing or telling you what you should or shouldn't do! Once the car has been repaired and you attempt to return the car to Mercedes only then will it be determined if you'll owe anything to Mercedes! I think you're putting the cart before the horse!

    Your entire premise makes absolutely no sense to those of us who understand diminished value and early lease terminations. I don't think we're going to make any progress here on this forum. I suggest you talk to your Mercedes-Benz dealership and get some advice from them or talk to a good lawyer!

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

  • mbzgalmbzgal Posts: 8
    edited May 2012
    sorry i'm not an expert at understanding diminished value or early lease terminations...i was just hoping to get some advice at how best to swap out the car for another identical one now that all repairs are complete.
  • abacomikeabacomike South FloridaPosts: 3,134
    edited May 2012
    sorry I'm not an expert at understanding diminished value

    You now have a "LEASE EARLY TERMINATION" situation. You will either have to pay the remaining lease payments on the car to turn it in to Mercedes Benz Financial OR you can go to a Mercedes Benz Dealership and find the car you want - then they can take your current car in as a "trade". You would then not have remaining payments to worry about, however you will have to roll the difference between the trade value into the new lease or outright put that money "down" to reduce the lease payments.

    You MIGHT have a case for diminished value if the trade value you receive from the dealer is significantly reduced due to previous damage.

    Again, I would first shop for the new car you want. Make sure you do not tell the dealer you shop at what damage was done to your car. That is his responsibility, not yours, unless in your state you legally cannot withhold information about previous damage to your car from the buyer.

    Should we assume that the car, after it has been repaired, does not ride or perform to your expectations? Or look acceptable? Because sometimes you are better off just keeping the car until the end of the lease. Either way, it is going to cost you quite a bit to get out of your current lease.

    Good Luck! And, if there is a significant difference between trade values of two cars, one with previous damage and one without previous damage, you may have a case for diminished value. I would then get in touch with an attorney to make sure you are properly represented.

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

  • hx_guyhx_guy Posts: 31
    edited May 2012
    Got a deal I'm pretty excited about, a lot of car for the money. I did the 10 refundable $500 security deposits to lower the money factor from 0.0025 to 0.0018.

    MSRP: $57,575 (2012 E350 Bluetec, P1, Spoiler Pkg, Lunar Blue exterior)
    Negotiated Price: $48,650 (including $3,000 Conquest incentive)
    Out of pocket: $2,384 ($454 first month pmt, $885 registration, $250 doc fee, $795 acquisition fee)
    Payment: $416 + $38 tax = $454 total/month with 15k miles per year for 24 months.

    12k miles would have been $393 + $37 tax /month
    10k miles would have been $347 + $32 tax /month
  • wirelesswireless Posts: 47
    That does sound like a good deal. The way I figure it is you get to drive an E350 Bluetec for two years for less than $12k. That's not much.
  • ghstudioghstudio Posts: 920
    $885 registration fee and 9.5% tax...where do you live?

    Great deal....but a few suggestions...

    1) Include mercedes basic maintenance in the deal
    2) I would not pay the acquisition fee up front...
    3) not sure what the doc fee is, but I wouldn't pay it up front
    4) I would look at that registration fee...it looks high, but I don't know where you live.

    Personally, I would also look for a car with P2 because the headlights are far far superior to the standard headlights.
  • hx_guyhx_guy Posts: 31
    That's Arizona for you...we have low property taxes but car registration kills you. It's based on the value of the car and this being a pricey car means a high registration fee (my 2011 Audi A4 was $690 as well). Sales tax is 9.3% in Phoenix. Doc fee is a "documentation fee" that I've seen every time I've bought a vehicle, they don't have it everywhere? I wanted to pay the fees upfront so I don't pay interest on them.

    We looked for a P2 E350 Bluetec but there was only one and it had the Pano roof which we didn't like. It's too barrio because they were giving us $11k off MSRP! Would have actually been a bit cheaper than the deal we got. There were only about 8 Bluetecs total between all Phoenix dealers so we had to pick one of the available ones. We are very happy with the car though and may even buy it out after the 24 months.
  • mbzgalmbzgal Posts: 8
    thanks for the advice! it's going to be a tricky trade!

    has anyone else noticed that the p2 price has gone up $400 from 6050 to 6450?
  • ghstudioghstudio Posts: 920
    Sounds good....but do get maintenance included...it should be treated as any other feature so you only pay 25% of the MSRP. It's a super deal if your dealer will do the lease that way. It's not clear how mercedes actually wants maintenance handled so some dealers residualize it and some dealers just charge the full amount over the period of the lease and Mercedes finance doesn't seem to care.

    As far as buying out....I spoke to my dealer about that when I leased my blutec...he suggested that when the lease is up, he could send the car to auction, buy it back and sell it to me for less than the residual. We'll see what happens when the time comes. This is the first car I've ever leased that I might actually buy.
  • I have a 2012 E-350 (dark blue) loaded, everything but night vision. I love the car, although I find it's not quite as fast as the Lexus IS-350 it replaced. I also really wanted heads-up, which for some strange reason, MB doesn't offer.
    I've been reading that in 2013, MB will introduce an E-Class with lots of stuff including heads up, and the E-350 will be taken up about 10% in horsepower...
    BTW, drove an A-7 yesterday...yes, WONDERFULLY smooth ride with LOTS OF POWER, but interior DOESN'T HOLD A CANDLE to the E-350...lots of cheap plastic IMHO, and the Bose radio is far inferior to HK in sound.
    Anyone else hear about the 2014 car?
  • abacomikeabacomike South FloridaPosts: 3,134
    I have a 2012 E350 loaded…

    I just drove the 2013 Lexus GS350 and loved it so much that I traded my 2012 E350 for a loaded one. Heads up display, Mark Levinson 850 watt 17 speaker audio system, intuitive park assist, NAV with web connectivity, Blind Spot Monitor, Luxury Package, etc, MSRP $59,000, and in gray with "Flaxen" (dark saddle) full leather on seats, doors, lower dash etc, and it drives better than my Mercedes drove. Take a test drive and let me know what you think. So much more for less $ and an interior that is to die for!

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

  • dannye350dannye350 Posts: 28
    I have a deal on the table. Here are the particulars below. Its 2012 e350 Sport White with Black interior. P2 package, Panorama roof, Lane Tracking, Spoiler, Parktronic,

    Msrp: $63,640

    Negotiated Price: 54,000

    The deal they are giving me is $590 Per month including Michigan 6% tax.

    With $2,742.54 Due

    33 Month Lease

    12000 Miles per month
  • Hi dannye350,
    What were the RV and MF that you were quoted for your 33mo/12K lease? These are crucial variables for us to assess your deal.

    In the interim, a few ideas for consideration follow below.
    1. Pay $0 down (or as close to it) as you should only pay 1st month's payment and DMV fees.
    2. Consider the max 10 MSDs as this will significantly reduce the MF and subsequent interest portion of monthly payments - in some cases ~$40-$65/mo. And you get the MSD back at the end of the lease term.
    3. Some on the forum have suggested including maintenance in your lease.

    Cheers!
  • dannye350dannye350 Posts: 28
    Do you know if you get the Security deposit back if the car it totaled in an accident?

    I will find out about the RV & MF
  • dannye350dannye350 Posts: 28
    Spoke with the dealer.

    residual: 62% $39,456.80
    money factor: .00126

    Dealer said they cant combine 10 security deposits with the program they are giving me.
  • ghstudioghstudio Posts: 920
    and your dealer is correct....because the .00126 is a special money factor. The 10 MSD reduction of .0007 can only be taken off the base mf which is somewhere around .0025 (not sure of this months rate).

    MSD's really help on the BlueTec which doesn't have the special money factor, but has fantastic residuals (~75%) on a 24 mo lease.
  • vishesh3vishesh3 Posts: 1
    Great deal.. where did you get the deal?
  • hx_guyhx_guy Posts: 31
    Schumacher Mercedes in Phoenix, AZ.
  • porshawporshaw Posts: 1
    Does anyone know if the $3000 Conquest discount has been extended in June? Any recommendations on ways to check for inventory in Socal area for 2012 e350 bluetec? Thanks in advance
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