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Mercedes-Benz E-Class Lease Questions

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Comments

  • sergeymsergeym Posts: 262
    550 will be much more expensive than 350, at least 50% more. All you get with 550 is a very powerful motor and an available adjustable air suspension.
  • kyfdxkyfdx Posts: 29,115
    2014 E350 4Matic 24 mo, 10K/yr lease
    .00142 MF and 69% residual

    I don't have the 27 month special numbers, but in the past, Mercedes has used the 24 month residual for 27 months.... that's what I would guess.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,115
    2014 E350 BlueTec 36mo, 15K/yr lease
    Both models use Mercedes standard money factor.

    57% is the residual for both models, as well.. Add 2% for 12K/yr

    24mo, 15K/yr residual is 68%

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 29,115
    2014 E350 4Matic 24mo, 15K/yr lease
    .00142 MF and 66% residual

    2014 E550 4Matic
    Standard money factor and 65% residual

    The 550 would be much, much more expensive, as another member noted..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 952
    edited December 2013
    yes, 24 mo rate is good for 27 mo lease...and the lease can be extended up to another 6 months at the end. mf for e350/e350 4matic is .00142 and you can reduce that to .00132 using autopay. Multiple security deposits can not be used with the .00142 rate...but that promotional rate is better than using the standard rate with multiple security deposits (I tried it both ways).

    The e550 and blutec and I believe the wagon use the standard money factor but you can take off the.0001 for autopay and give up to 7 muliple security deposits which will reduce the rate by an additional .00049.

    either way, don't forget to include the mercedes maintenance in the deal...it's treated as a feature so you only pay the difference between the price and the residual value...not the whole amount.

    I just leased an e350 last week....went through all the options...
  • Thanks for all the helpful info....

    I am not really trying to get a E550 but someone suggested that since I wanted a number of options and leather I would have an easier time finding one configured the way I wanted. If it fit in the same program would not be that bad as car had an increase in sticker of less than 5K and you did get the bigger engine - but with the higher MF and lower residual it gets hard to justify...

    One quick question just for curiosity. From other posts I believe the standard MF' which would be used on E550 would be .00225. If one wanted I assume they could do either a MSD reduction of .00049 or a single pay which would reduce it by .00080. Would the MB system allow you to do both put up MSD and then do a single pay lease? Seems unlikely but curious if anyone ever tried.
  • Hi, could you please share the details of your lease agreement? I'm interested in leasing a 2014 E350 BT

    Also, some clarifications if you could: what does "7 multiple security deposits" means in terms of $ value? is the standard MF .000142? can you explain the maintenance feature?
  • ghstudioghstudio Posts: 952
    I don't believe the blutec has the promotional rates...but I believe you can still use the 24 month rate for 27 months. Your money factor would be .0025. You can reduce that by making what's called multiple security deposits. If you take the maximum security deposits (7), they will deduct .00049 from the .0025 and use a rate of .00201. If you agree to let MB take the payments out of a bank account directly, they will deduct another .0001 from the mf giving you a mf of .00191. They will then calculate the payments and find the monthly payment due. They will round that up to the nearest $50 and that is the amount of each of the security deposits....so if the payment comes out to $635/mo, then they round to $650 and you loan them $650x7 or $4550 which you will get back at the end of the lease....it's a security deposit, not a down payment.

    If you do a lease, then you need to do the maintenance on the car at a MB dealer (I think the contract actually says that...after all, it is their car). You can either pay for each service when you take the car in, or you can add service to the price of the car. The cost of 20K services on a gas car is $730 so they add that as a feature on the car. (this only works with MB service). Let's say your car has a sticker MSRP of $62000. They add $730 to it to get an MSRP of 62730. They then calculate the residual value based on the full $62730, not the $62000. Assuming a residual of 68%, the residual value of the car is $42657....not 42160.

    Now...stay with me. If your deal is that you will pay $52000 for the car, the capitalized cost will be 52000 and you will pay the difference between that and $42160 or 9840 over the life of the lease. Now add in maintenance at full price (of course you can negotiate it) so your price is now $52730, your residual is 42657 and you pay 10073 or 233 more over the life of the lease.

    But if you didn't buy the maintenance, you still have to pay $730 over the life of the lease (or whatever your dealer charges for an A and B service) on top of the 9840...or 10570. By including it in your lease, you only pay 10073 for a saving of 497.

    That's a long way to get there...but you save money by putting the maintenance in the lease. It's not much, but on a 27 mo lease, you're saving almost $20 a month...and you're getting MB maintenance.

    Note: I'm ignoring the interest charges here, but they don't change the result...they just confuse explaining what happens.

    Details on my lease.....$63100 car plus I included the maintenance on top of that...no money down...just first month payment, registration fees and some small nuisance fees when I picked up the car. I used autopay. $590/mo for 27 mos including taxes, 12K/year. The dealer charged $699 admin fee and marked up the bank fee by $300 as permitted by MB. I could probably have reduced it a bit, but I thought it fair enough for the local service.

    Hope this helps....
  • nice write-up. what was the final selling price? i am thinking of doing one pay lease, which would reduce the MF to around .00068 i think from Oct number
  • kyfdxkyfdx Posts: 29,115
    I'm pretty sure that you can't stack the MSDs and the One-pay deduction..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 952
    My deal was Invoice less $4000. I had no special coupon or affiliation.
  • Being pulled ahead of my E-Class lease now. Can anyone confirm the 27 month lease figures for an E350 4matic Sport Sedan? I see we have 24 month available. I'm guessing ~67% Residual and .00142 MF for 12k mi./yr?

    The specific car on their lot is about $65k, how much are people getting off MSRP? Any incentives/rebates available since this is such a volume vehicle? I'm aiming for something around $560-590/month. Would love to get taxes rolled in at this amount as well (NY).
  • Definitely go to white plains. We got ours there-I negotiated with 10 dealerships and they gave us the best deal by far. $63k Msrp, 10,000 miles/year. We only paid the fees and first month upfront ($2,100 out of pocket) and we pay $530/month (maintenance and taxes included). They were great about giving us their bottom line (so didn't need to do a whole lot of back and forth). They even showed us all of their paperwork--they only made $200 off of us (which explains why all the other dealers wouldn't touch these numbers)! Good luck!!
  • Thanks! That's actually my dealership. Would you mind sharing more details on your lease? Invoice price, term, residual, MF, and whatnot? Also curious about who your sales rep is! Sounds like a perfect deal, if I could structure something similiar I'd be at about $560 or so
  • I'll have to dig out my paperwork but we got the 27 month lease. The MF and residual were the standard amount (we went with what Edmunds said it should be and make sure you get the autopay--it brings the MF down to the lowest it can possibly go). The invoice was around $57k but I have to get my papers out to tell you exactly. Our sales price dropped to approximately $52k. I spoke with Duane because I emailed half the people that work there hoping someone would get back to me ASAP and they did! I got a response on a Sunday night. I told them the deal I was looking to get. We made a deal and picked up the car by the following weekend. I've had it a couple of weeks now and LOVE it.
  • Awesome, thank you so much. This is very helpful. I'll definitely re-up my auto-pay as well. If I can get the $65k model down to about $54k I think the lease with taxes rolled in is exactly $560 using an MF of .00132 (reduced for auto-pay) and 67% residual. Did you use any special incentives to get the sales price so low?

    I'm going for a test-drive on Friday, how's the car drive? I hope it's at least a little sporty! What color did you opt for?
  • I got mine about a month ago for 10.5k off sticker and pulled forward 4 payments on my gl350. My msrp was 65k and sale price was 54.5. I don't know how they got it so low but my salesmen has always given me bottom line prices without any back and forth haggling.
  • Can some one tell me the lease numbers for e63 s sedan
    Need it for 24,27, and 36 thanks
  • ghstudioghstudio Posts: 952
    With the dealer cash, there are many reports of similar deals....roughly $10K off MSRP. Fundamentally, many dealers are selling the cars for invoice less $4 or $5 K dealer cash. A friend and I just got that deal in sw florida, but reading here, it's relatively common around the country for Nov/Dec. No one knows if the dealer cash will continue in Jan....so if you want an e, I wouldn't wait too long. I was offered $10K off an e550 as well...did not price a blutec or wagon.
  • Hi all,

    I'm looking for your opinion on a lease offer I have received from my dealer for a w212. I live in the Northeast. I have a great relationship with my dealer so their pricing has always been no hassle, best & final... They stated that they are parting with the car for about 5k under invoice. With that being said I know that everyone has been receiving outstanding pricing in the month of December. The details are listed below

    2014 E350 4-matic with MSRP of $62,240
    - 27 month lease / 12k miles per year
    - $2,7XX.xx COD + DMV fee
    - $555 per month
    (No MSD option in New York)

    Do you think this is a great deal? I was hoping to get the car for $520/month or less under the same terms.

    Thank you!
  • Hi all -

    I live in the Chicago area, and I've tried a couple of dealerships trying to get a deal on a e350 4Matic. The best quote I've received is $799 month for 48 months for a $62.5k car. Where is everyone getting these great deals? I'd be willing to do a deal anywhere to get alice like I've seen on this thread.
  • Figured out what my problem is. Darn Illinois tax process. I actually pay the sales tax on the complete cost of the car, which would add up to $70/mnth to the cost of my lease.

  • kjdqkjdq Posts: 1
    I am looking at leasing a 2014 E350. Do you have the December MF and residual on 27 and 36 month leases with 15K miles? Also, do you have current dealer incentives? Thanks in advance.
  • kyfdxkyfdx Posts: 29,115

    @kjdq said: I am looking at leasing a 2014 E350. Do you have the December MF and residual on 27 and 36 month leases with 15K miles? Also, do you have current dealer incentives? Thanks in advance.

    .00148 MF and 58% for 36mo, 15K/yr lease

    I don't have 27 month numbers.

    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 952

    current incentive is $4000 on the sedan (350/550)...residual on 27 mos is 68% for 12K miles (same as 24 mos)...I believe that would be 66% on 15KI

  • I have a deal, let me know what you think....... E350 4matic Sport. P1, 18" AMG and rear spoiler. Also has Keyless Go and comfort box MSRP 62025.00 27 month lease 15K miles CT tax included in payments as well as Maintenance.

    892 down (1st and DMV)

    686 a month. Good deal???

  • MF 0.00142 with 66% residual

  • It appears to be a little difficult to compare deals on this string bc I am not sure if we are comparing apples given the many different payments by different people. FYI, I was just offered a lease in Los Angeles area of an E350 for 27 months -12k miles/yr. with Premium and Sport package for $1500 down and $514/month payment incl taxes etc. The MSRP is about $58,000 on the print out but has a "initial cap cost" of $48,000. Does that mean I am getting $10K off the msrp? Everyone seems to be getting substantial discounts off the msrp. The MF is .00148 and the residual is 68%. Seems like a good deal but maybe I can do better. Peoples' experiences seem all over the board. Thanks all! Happy Holidays!

  • ghstudioghstudio Posts: 952
    edited December 2013

    $10k off is typical. You can't compare payments unless you remove all money down ( by the way, you should never put money down on a lease). In your case you are essentially prepaying $55 a month so to compare to others you are paying about $570 a month.... But you also have to take out taxes to really compare deals here. I am paying $590 per month with no money down...and all fees except registration rolled into the lease...and maint is included...27 mos 12k per year....and my car MSRP was $63100 without maintenance...in Florida. I got $9500 off MSRP but they had to get the car I wanted and that costs $500. I'm in a 7% tax area..and I am doing autopay which drops the MF to .00138. Your residual is correct.

    You have to look at all the other charges the dealer has loaded into your deal....it sounds like your monthly payments are a bit high for a $58k car with that down payment.

This discussion has been closed.