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Mercedes-Benz E-Class Lease Questions

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  • Car_man

    I am looking to lease a 2012 E350 Sedan or E350 Coupe, Could you please tell me the February buy rate and residuals for a 24, 30, 33, and 36 month lease @ 12k miles a year.

    Thanks!
  • jk7jk7 Posts: 23
    Hi Carman,

    For the 33 month residual, does it go down by 2% for 12000 and another 2% for 15000.

    Are the 36 month residuals only 52% for 36 month?

    Are the 33 month residuals similar on the 550 sedan?

    Thanks
  • puripuri Posts: 16
    Was just offered a lease with the following details, let me know if this is good?
    2012 e350 p1, sport, spoiler, comfort box, split folding seats
    Msrp 58,494
    33 month
    $2030 at sale including 1st month
    $642/month Incl tax
    Maintenance for 33 month included
    15k miles

    Look ok? Need advice ASAP! Thanks
  • Hi bobby29oc. Mercedes-Benz Financial's February 2012 buy rate lease money factor and residual value for a 24-month lease of a 2012 E350 Sedan with 12,000 miles per year are .00157 and 68%, respectively for consumers who qualify for its top credit tier.

    The numbers for otherwise identical 30- and 36-month leases are .00157 / 63% and .00157 / 54%.

    If this car is eligible for Mercedes' "Value Added" program, and I suspect that it is, you can use its 30-month terms for a 33-month lease.

    The 24-, 30-, and 36-month numbers for the 2012 E350 Coupe are .00162 / 69%, .00162 / 63% and .00162 / 59%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi jk7. Mercedes-Benz Financial's 12,000 mile per year residual values are 1% lower than its 10,000 mile per year residuals. Its 15,000 mile per year residual values are 3% lower than its 10k resids.

    The 36-month, 15,000 mile per year residual value for a 2012 E350 Sedan 4Matic is indeed only 52%.

    I don't know if the E550 Sedan is eligible for the Value Added program, that enables consumers to lease for 33-months using the 30-month terms. I suspect that it is not. The 30-month, 15k residual for a 2012 E550 Sedan is 58%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • What's a good monthly payment for a 33 or 36 month lease for the E550 4matic (msrp $72k) with 5k down?
  • jk7jk7 Posts: 23
    Thx Carman
  • ghstudioghstudio Posts: 931
    Putting $5K (or anything) down on a lease is not a good idea. If your car is stolen or totalled, Mercedes will use that money instead of their free gap insurance. Either use the money to make multiple security deposits or keep the money and use it to pay the slightly higher monthly payments.
  • ghstudioghstudio Posts: 931
    edited February 2012
    I just ran the numbers on two 12K mile/yr leases using February rates. My "typical" gas car MSRP was $58800 and an identically equipped BluTec was MSRP $60000. I kept all bank fees, dealer fees the same in my calculations and included no tax. For the gas car I used a 33 month lease (mercedes claims to be the best) run at the 30 mo rates....MF=.00157 residual 63%; for the Diesel, I used 24 months which currently has a mf=.00225 and residual of 77%. I applied the maximum of 10 MSD's to the diesel but I did not apply it to the gas since the promotional rate is lower than the standard rate less the MSD's. I assumed that the actual selling price of each car was $3000 below MSRP so the discount is identical. Even though they are the same, I used $1295 as the bank fees + dealer admin fee) in my calculations.

    Results:

    The gas car leased for 33 months: your monthly payment will be $755
    The Diesel car leased for 24 months: your monthly payment will be $665

    The real total cost of the lease (including all payments including the $500 end of lease fee and remembering that you get the ~$7500 MSD cost back) is:

    Gas: $809/mo (putting $5K down only drops this to $801/mo)

    Diesel $740/mo (loaning mercedes ~$7500 (10 MSD's) which you get back)

    BTW, the real total cost per month should be the only number you care about in a lease.

    I did this excercise because I have been advocating considering leasing a bluetec on a 24 month lease and I also advocate using MSD's. This case illustrates why.....it's cheaper :)
  • jk7jk7 Posts: 23
    Hi Carman,

    I am trying to do a european delivery on a e350. I am getting quoted the following

    33 month 15000 lease 61% residual and MF 0.259.

    That money factor seems high from what Ive read on previous posts. I asked about multiple security deposits and was told that this residual was a special and hence cannot be combined with MSD. I dont believe this to be true, can you comment on this.

    Thx
  • ghstudioghstudio Posts: 931
    edited February 2012
    yes, the money factor seems high and personally, I have never come across a lease with a special residual. On the other hand, I have never leased a car for European delivery.

    My guess is that the dealer is blowing smoke and figures they can make a few extra dollars....go to, or just call, another dealer and see what they say.

    The reason I am very suspicious is that they aren't telling you what the deal would be WITH multiple security deposits. OK, if this actually is some special residual, what would the residual be with MSD's and how does the lease compare.

    I feel pretty safe with my blowing smoke, or perhaps smoking something hunch..

    Using a sample car msrp 60000, discount $3000, leased from your local dealer with MSD's (15K miles 33mo lease) and 10 MSD's would cost you about $725/mo. Using the same car, same terms and discount but your dealer's "special" numbers and no MSD's, your car would cost about $850/mo. Not sure what the discount is on european delivery, but you should compare the two leases and my guess is that finding a car in the US to lease will save you money.
  • jk7jk7 Posts: 23
    Thanks..

    I think the discount on ED will be 7% off MSRP plus maybe another 2%. The more I think if it, if I order through the dealer and put money down I will be stuck with their terms. Can probably negotiate a better lease if i just leased it locally.
  • Have a 3-yr, 30K mile lease on a 11' E350 which I got in Sept. Currently have 3,400 miles.

    Mileage was fine with my old job with a short commute. I now have a new job and have to do a 120 mile round trip commute 2-3 times a week. This is obviously untenable with my lease.

    What would you do in this situation? I'm only vaguely familiar with lease buy outs. Have also thought of buying a cheap commuter car.

    Would appreciate your thoughts.
  • ghstudioghstudio Posts: 931
    Ask your dealer what it would cost to get out of your lease. I did with my 2011 infiniti m37 about 12 mos into a 39 mo lease and the cost to me to turn the car back in early was $1000.

    You might get a better deal if you explain the situation and lease an e350 Blutec which is an outstanding car. Let the dealer figure out the options for you.
  • You're very welcome jk7.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • msnjmsnj Posts: 5
    edited February 2012
    I as I am new to leasing trying to figure out I got an offer for lease a 2012 E350 blutec
    buy price 52000 money factor .00225
    24 month lease : payment $568 residual $45072
    36 month $680 residual $36982
    both includes NJ taxes of 7 %
    something special only for Feb. Is this a good deal ?
    thoughts of how I can use MSD to make this a better deal.
    I was thinking of doing a trade in is that a good idea?

    appreciate your advise.
  • ghstudioghstudio Posts: 931
    edited February 2012
    MSNJ: There really is no special deal in February for the BlueTec....but there is one for the non diesels. The diesel 24 mo lease remains the best deal in cardom. The price quoted looks right.

    You should take the maximum number of MSD's (10) which will require you to "loan" Mercedes roughly $6000 (depending on how your dealer calculates it). That will reduce your MF to .00155 which will result in a monthly saving of about $65. If you kept that $6000 in a CD, it would earn less than $120 in the two years. Using it for MSD's, you will save about $1600. That's a great deal!!!!

    You should also price the lease with and without mercedes (must be mercedes) basic maintenance included. Some dealers allow you to residualize it like any other feature....so you would only pay about 75% of the total cost. That's another terrific deal. If your dealer doesn't do it this way and you have to pay the total MSRP over the 24 months, then it's up to you...no reason to take it or not.

    Good Luck...it's a great car (I drive a 2011 e350 BlueTec P2 and there are really almost no changes for the 2012)
  • msnjmsnj Posts: 5
    thank you ghstudio appreciate your guidance.
    I was hoping to keep the car after the lease but the residual looks high any way I can negotiate it down ?
    will it make sense to do a trade in this case ? can I use the trade in for the MSD ?
  • ghstudioghstudio Posts: 931
    IMHO, the car will not be worth 77% of it's msrp in 24 months....even my dealer agreed. It's a great leasing deal and at the end, you walk away and get a different car. You don't want to lower the residual because that's what's keeping the monthly cost down.

    Your trade is completely independent of your lease deal...no matter what the dealer tries to tell you. Tell them you want cash for the trade in because you don't want to use it for "money down" (and you really don't want to put money down up front on a lease). This will, of course, confuse them....but they'll live with it. If they offer you $5000 as a "money down" for your trade, just ask them for a check for that amount. Then use that cash to pay the multiple security deposits.

    If your dealer understands multiple security deposits (and based on my experience, that's about 5% of the dealers), they will understand what you are doing. If they don't understand MSD's they will be very confused by the entire transaction...wondering why you are doing this strange thing which no one else does.
  • puripuri Posts: 16
    Ghastudio - what did you pay out of pocket and hiw many miles and for how many months?
    I am looking to buy ASAP!
    Thanks in advance
This discussion has been closed.