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Mercedes-Benz E-Class Lease Questions

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Comments

  • ghstudioghstudio Posts: 913
    edited December 2011
    The promotional interest rate is not linked to the down payment that is advertised. It is there only so they can show how low your monthly payment could be....because that's what uninformed leasees compare. Since you are reading here, you are now a much more informed potential leasee and you know that making a down payment is almost never a good idea.

    However, while some dealers seem to allow MSD's against promotional MF's (and mercedes for some unknown reason accepts it), the mercedes policy is that MSD's can only reduce the normal interest rate...not the promotional interest rate. Last month, with the promotional interest rate at .00145 and the base rate being .00225, it didn't pay to do MSD's. I don't know this month's rates or residuals.
  • OK, well I let November slip away due to some knee surgery, so I am now into December. If anyone could post what the December Promotions, Incentives, Rates & Residuals are that would be greatly appreciated. Thanks in advance.
  • I think the promotional MF is staying the same this month - the dealer is reluctant to give me that exact figure at this stage (and I can't seem to figure it out on my own with various lease formulas). If that's the case, and the residual is around 65% (36 month/15k lease) The vehicle with the following:

    MSRP 58,605
    Final Price: $53,514
    MF .00145
    RV .65
    Tax 6%

    Should I be looking at a payment of around $616/month?

    I think they were saying around $650 (rough)...which would put the MF around .00185 (again that was rough)....or am I overlooking something? The dealer I'm working with now is part of the Euro Motor Cars group throughout Maryland/PA.

    Thanks again for all the help, I love being 100% confident when going to talk with these guys...fun to here them stammer at my questions, not expecting anyone to know this kind of stuff!
  • ghstudioghstudio Posts: 913
    Your dealer is pretty much right on. I calculate approx $657 a month. I am including $795 bank fee and $695 dealer administration fee in the calculations which you may not have included....no money down, just the first months payment plus registration fees out the door.
  • Isn't a 65% RV high for 36 months and 15k miles?
  • ghstudioghstudio Posts: 913
    whoops, you're right...I just used the residual he mentioned. Not sure what the residual is for 36 mos, so I can't calculate the lease.
  • I think 65% is the RV...he said it only dropped by a percentage or so against the 30 month lease (66%). Should I be skeptical of a high RV from the dealer...I think short term that just gets me a better per month prices, but long term (end of lease) that negates me from having any positive equity, correct?
  • Hi to all - I'm back after 4 years away from Mercedes - I've owned a 2006 Black E350 and a 2006 Dark Silver CL500. I really enjoyed both cars and put on 55,000 on the 06 E350 and about 15,000 on the CL500.

    I went through some tough times but I'm back and 2 weeks ago I purchased a certified 2010 E350 sport with 21,000 miles for $38,900. It's a great car. I had gotten a great deal in late August on a 2011 E350 Sport - I was able to get $9,500 off MSRP on at a list of $57,345 but got tuned down by Mercedes Financial - I was not pleased but this 2010 E350 became available and I got a great finance rate with $15,000 down.

    My wife has a 2010 Pearl Beige E350 sport - with P1, Distonic, Parktronic and leather - and in 2 months we're going to our local dealer and get the 2012 ML350 - I trust that Mercedes will still have the promo where they will allow up to 8 lease payments - as my wife's lease is up in 8 months.

    But in any case - it's great to be back - and I've enjoyed reading this forum for the past 4 years.
  • shawn757shawn757 Posts: 115
    Hey guys,
    Nothing to do with a E350 deal but just thought I would tell you about a deal that is happening with BMW 7 series hybrid right now till jan 4th. Deal is crazy with all the incentives that BMW giving towards this car. Monthly payment around $600-$700 for 10k miles with nothing out of the pocket for a $100000 car. Only thing is you have to do european delivery to ge this deal. I got off 14% off for euro delivery, and $13500 in incentive credits. total nearly $30000 off of a 2012 model car. I thought this deal was better than the current e350 deal MB was offering. They have no lease support on a 2012 bluetec. I have a 2011 e350 bluetec which I bought 4 months ago.
  • vchadvchad Posts: 97
    shawn757,

    that is an incredible deal...i've been reading all about the 7 hybrid now. Its a ridic good deal. can you advice me on how to get the 14% off, for the euro delivery. I"m looking on bmw's website, it shows only a 7k savings for euro delivery. Can you provide more information. my email is v i n o d c at gmail.com (please remove the spaces.....didn't want spam). What dealership are you getting this from? Thanks in advance. this will end up cheaper than a e-class.
  • Please whats the money factor and residual value for 2012 Mercedes CLS 4matic for lease 36-39 months? 15k miles/year
  • indus2indus2 Posts: 20
    Shawn757 - awesome deal on the bimmer... Would like more info, any way to get in touch with you? THX
  • shawn757shawn757 Posts: 115
    Hi,
    See the links

    http://www.bimmerfest.com/forums/showthread.php?t=584523



    http://www.bimmerfest.com/forums/showthread.php?t=584974

    http://www.bimmerfest.com/forums/showthread.php?t=580103

    And it seems that BMW made things even better for december

    http://www.bimmerfest.com/forums/showthread.php?t=585231

    Gives you all the details regarding the deals. if you want to email me my email is

    s h a w n m c 1 9 8 0 @hotmail.com

    There is no spaces I just did it to prevent spam.
  • Hi gocard1. I completely agree with you. I definitely would not put down eight grand in MSDs for a difference of only .00012 in the money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • snapdasnapda Posts: 11
    Car_man,
    would appreciate any insights on this - am talking to a dealer and will really help in the decision. Also, what are you hearing as a good price: Invoice + or - $$$?

    thanks,
    Sam
  • snapdasnapda Posts: 11
    Sorry - to be clear, i am looking to lease - 30 or 36 months @ 15k miles annual rate.

    Is single pay a good option - reduces the rate decently it looks like.
  • v70r_07v70r_07 Posts: 13
    edited December 2011
    snapda,

    A one pay lease is good option if you have the extra cash laying around and don't mind paying more upfront, especially on a 24 month lease. However, Mercedes has a generous early turn in program (as much as 8 months early) that you will not benefit from if you do the one pay option.

    Things to keep in mind:

    Top Tier Buy Money Factor .00162
    Base Acquistion Fee $795

    Potential Incentives:

    Loyalty $2,000
    Conquest $2,000
    Winter Event $2,000
    Fleet/USAA $2,000

    I believe there is an unadvertised Winter Event incentive of $2,000 to be used in cases where a customer does not qualify for either Conquest or Loyalty. Basically, anyone can get a $2,000 rebate.

    Conquest, Winter Event and Fleet/USAA are mutually exclusive.

    However, Loyalty can be combined with either one.

    I suggest looking into a 24 month lease as well. Residuals are in the high 60s to low 70s, and depending on discount, can be cheaper than the 36 or 30 month leases.

    As far as discount, depending on competition in your area, I would look to a sellling price below invoice before the $2,000 incentive.

    BMW and Mercedes-Benz are in a sales war for the top Luxury Brand Auto Sales for 2011 (The first year in like 12 years it will not be Lexus) and excellent deals can be had this month.
  • nkolenkole Posts: 18
    Car_man,

    Would appreciate if you could post money factor and residual info for 2012 E350 Bluetech assuming a 24 month 10K miles per year lease

    Thanks!
  • Car Man:

    I'm negotiating on a 2012 e350 bluetec/diesel. Please tell me the top tier money factor for the 24 month lease and all incentives available to me, given that I'm driving a BMW 528i I'd be trading in (ie, conquest money). Can I also get the Winter event incentive?
  • v70r_07v70r_07 Posts: 13
    edited December 2011
    chalkie1,

    I believe the base rate money factor is .00225 and the 24 month residual is 75% for 15k miles per year.

    You can not combine Winter Event, Conquest, or USAA/Fleet, they are mutually exclusive.

    The only thing that is combinable with any of the above is loyalty (and the only way to qualify for loyalty is to have a current Mercedes-Benz Financial contract)

    I would ask your dealer to see if there are any 2011 Blue-tecs out there, as the lease program is virtually the same, (or at least it was in November, they may have pulled support in December) but you get $4,000 Conquest instead of $2,000.
This discussion has been closed.