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2014 Mercedes-Benz E-Class Lease Questions

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  • Can someone please advise the true price pre-paid maintenance should be for an "14 E350 Coupe. 36k miles lease, 36 months.

    How much % off should the dealer give you @ what base price?

  • danielle85danielle85 Houston, TXPosts: 4

    Internet Price for this car is $60,760

  • ghstudioghstudio Posts: 954

    The gross capitalized cost seems high. It should be the agreed upon value plus origination fee ($795 but dealers increase this to $1095 to increase profit) plus dealers administration fee (pure profit...around $700). Not sure how to account for the rest that they are adding.

    Ask them to do a 27 month lease....it may cost less. You should also include maintenance in the lease since it's like a feature...you only pay (1-residual value%) of the cost so it's a big discount. Finally, do autopay which will reduce your money factor by .0001 which may be $10-15 less per month.

    Since your husband works at the dealer, IMHO they should charge 795 (not 1095) and they should not charge you the $700 administration fee. Sounds like they dont do much of anything for their employees.

  • danielle85danielle85 Houston, TXPosts: 4
    Thanks so much for the feedback! After much negotiation, I have one dealer down to 680 per month. Maintenance included. 39 month lease. 1000 down to cover first payment and some fees.

    The other (above) is at 675 no maintenance but same exact terms. I'm working them to get the maintenance put in for that. Is that a good deal? These two dealers will go back n forth in five dollar increments forever if I let them.

    Thoughts? Trying to do this today.
  • danielle85danielle85 Houston, TXPosts: 4
    Under 50k for the car
  • MichaellMichaell ColoradoPosts: 5,663

    @danielle85 said: Thanks so much for the feedback! After much negotiation, I have one dealer down to 680 per month. Maintenance included. 39 month lease. 1000 down to cover first payment and some fees.
    The other (above) is at 675 no maintenance but same exact terms. I'm working them to get the maintenance put in for that. Is that a good deal? These two dealers will go back n forth in five dollar increments forever if I let them.
    Thoughts? Trying to do this today.

    One thing that hurts you is that in TX, the sales tax is applied to the entire selling price of the car and added to the cap cost. This dramatically increases your payment as opposed to states that only tax the monthly payment.

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  • danielle85danielle85 Houston, TXPosts: 4
    Thanks all for your input! This forum was very helpful. I got the car for 675. 15k miles. 36 month. 1 maintenance included and 1000 down to cover first payment and fees. Everyone said I walked out with an amazing deal!

    Thanks to the forum, I started with quotes in 1000s and now riding pretty.
  • MichaellMichaell ColoradoPosts: 5,663

    @danielle85 said: Thanks all for your input! This forum was very helpful. I got the car for 675. 15k miles. 36 month. 1 maintenance included and 1000 down to cover first payment and fees. Everyone said I walked out with an amazing deal!
    Thanks to the forum, I started with quotes in 1000s and now riding pretty.

    Congrats on the new car! When you are ready, use the link in my signature block to write up a review.

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  • kimprokimpro Posts: 4

    lookin to lease 2014 e350 sport

    MSRP $ 60285 SALE PRICE $ 50285

    RES VALUE 67% $40390.95 MONEY FACTOR .00136

    27 MONTHS LEASE 12,000Miles/year

    Im at Georgia, have to pay 6.75% sales tax

    How much for monthly? I dont know how to calculate please help

  • ghstudioghstudio Posts: 954

    kimpro....if I add in maintenance (which you should do), I get somewhere around $592/mo with no money down. I included $795 origination fee and $600 administration fee since I don't know what your dealer charges for these.

  • MichaellMichaell ColoradoPosts: 5,663

    @kimpro said: lookin to lease 2014 e350 sport

    MSRP $ 60285 SALE PRICE $ 50285

    RES VALUE 67% $40390.95 MONEY FACTOR .00136

    27 MONTHS LEASE 12,000Miles/year

    Im at Georgia, have to pay 6.75% sales tax

    How much for monthly? I dont know how to calculate please help

    Using your numbers - and adding in the sales tax to the full selling price to get a net cap cost of $53,679, I get a monthly payment of $620.09 for 27 months.

    ghstudio makes some good points in his post ... check to see if the acquisition fee and any dealer processing fee are included or not in the sale price.

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  • ghstudioghstudio Posts: 954

    @Michaell said:

    Is Georgia like Texas where they tax the total car on a lease...or is it like most every other state where they just tax the monthly payments? You assumed it was like texas, I think.

  • MichaellMichaell ColoradoPosts: 5,663

    @ghstudio said: Is Georgia like Texas where they tax the total car on a lease...or is it like most every other state where they just tax the monthly payments? You assumed it was like texas, I think.

    Georgia is like Texas ... tax on the entire selling price. They call it an "ad valorem" tax.

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  • kimprokimpro Posts: 4
    edited August 18

    Thank you so much ! ghsudio and Michaell !

    after much negotiation i received offer from my local dealer

    //

    2014 E350 Sports (p1 pkg, lighting pkg)

    MSRP $ 60285

    SALE PRICE $ 50285

    SALES TAX Georgia $3505.14 (tax on the entire selling price T_T)

    RES VALUE 67% $40390.95

    MONEY FACTOR .00126 (with autopay & PPM)

    27 MONTHS LEASE 12,000Miles/year

    State and Local Charges $590

    Bank Acquisition fee $1095

    Include 2 year FREE Pre-paid maintenance //

    Monthly payment $696.85 and no down payment

    should i accept this offer? is there more negotiable charges?

    Thank you again!

  • ghstudioghstudio Posts: 954

    kimpro...since Georgia charges taxes on the whole car, not just the payments...you might want to consider a 36 month lease which would cost almost exactly the same per month as the 27 month lease (maintenance might make it a very little bit higher). Several reasons for this: 1) you are spreading the tax payments and aquisition fees over 36 vs 27 months of payments; 2)you also have to consider the $500 cost at the end of the lease if you turn the car back (and don't buy another MB)....that's as part of the cost of your lease.

    I suggest asking your dealer to run a 36 month lease for that car...add up all the payments you'll make (including that $500), divide by the number of months of the lease....and see how the 27 and 36 month leases compare. Remember, every time you do a lease, you pay another bank fee, etc....so putting that off for 36 vs 27 months may be a good financial decision.

    Other than that, you probably have as good a deal as you can get.

  • kimprokimpro Posts: 4

    @ghstudio

    Thank you Just sent email to dealer about 36months lease and turnin fee I will post before i make decision please help one more time.

    Thank you

  • sengopalcrickesengopalcricke Posts: 23
    edited August 19

    Kimpro, The MF has been marked up by .00006 (almost nothing) and the acq fee has been marked up by $300. Overall it is an extremely good deal. Congrats.

  • jcarmjcarm Posts: 13

    Do you have the current lease factors for a E350 RWD 36 mos, 15Kmiles, discounts given?

  • MichaellMichaell ColoradoPosts: 5,663

    @jcarm said: Do you have the current lease factors for a E350 RWD 36 mos, 15Kmiles, discounts given?

    .00136 and 56%

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  • ghstudioghstudio Posts: 954

    .00126 if you do autopay (hint)

  • jcarmjcarm Posts: 13

    An earlier post in July showed an RV of 67%. Moderator's post of August shows 57%. Which is correct?

  • MichaellMichaell ColoradoPosts: 5,663

    @jcarm said: An earlier post in July showed an RV of 67%. Moderator's post of August shows 57%. Which is correct?

    Confirm E350 RWD 36/15 is .00136 and 56% for August

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  • jddssc121jddssc121 Posts: 66

    can you share for e-350 4matic Wagon? 36/15?

  • kyfdxkyfdx Posts: 29,224

    @jddssc121 said: can you share for e-350 4matic Wagon? 36/15?

    Standard MF and 59% residual

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    Prices Paid, Lease Questions, SUVs

  • kojiaokojiao Posts: 11

    Do you have the MF and Residual for 27 month/12K miles for a 2014 E350?

    Thank you!

  • ghstudioghstudio Posts: 954

    It hasn't changed since other posts in August. How about reading the recent posts before asking? Hint see August 12th posts.

  • jcarmjcarm Posts: 13

    @kimpro said: lookin to lease 2014 e350 sport

    MSRP $ 60285 SALE PRICE $ 50285

    RES VALUE 67% $40390.95 MONEY FACTOR .00136

    27 MONTHS LEASE 12,000Miles/year

    Im at Georgia, have to pay 6.75% sales tax

    How much for monthly? I dont know how to calculate please help

  • jcarmjcarm Posts: 13

    @kimpro said: lookin to lease 2014 e350 sport

    MSRP $ 60285 SALE PRICE $ 50285

    RES VALUE 67% $40390.95 MONEY FACTOR .00136

    27 MONTHS LEASE 12,000Miles/year

    Im at Georgia, have to pay 6.75% sales tax

    How much for monthly? I dont know how to calculate please help

  • ghstudioghstudio Posts: 954

    Didn't we just do this? Did you read any previous posts...eg August 18th. Almost exact same lease in the same state.

  • jcarmjcarm Posts: 13
    Is origination fee included in calculating RV? What about maintenance if it is included in sales price?
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