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Mercedes-Benz E-Class Lease Questions

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Comments

  • viscorviscor Posts: 2
    I need anybody's help or input on the following:
    1. Will lease the car in Illinois.
    2. 36 mos. 15,000 miles/yr
    3. Money Factor?
    4. Residual?
    5. Any discounts or reduction of the sticker price.
    6. What are your out of pocket costs

    Thanks for your feedback. It'll be invaluable for my lease.
  • df4801df4801 Posts: 10
    Wow to thedork,

    Great price. The dealer is actually selling the car for less than he paid, even after holdback. Maybe he is desparate to sell, so maybe you should try to get him down another $1000 or so.
  • thedorkthedork Posts: 10
    Thanks for the reply. I am not very familiar with the pricing - sounds like a good price - the MF is actually 0.002. Do you know what is the residual value for 39 months? I need to calculate the monthly payment.

    Is it better to get a 36m lease? What about the 3 extra months - warranty?

    Thanks,
    Thedork
  • Hi, I'm in Boston. My dealers quote a MF of 0.00149 here for 39 months, 10K/year. I think your selling price is good, but they make up for it by the higher MF. My dealer used 57% MSRP for the residual for 39 months. Hope this helps.
  • If you are still looking, check out the MB website for a nationally advertised lease on this very model for 27 months. It is 599/mo with 2850 down (cap cost reduction). If you add in the other drive off charges, it comes out to 4000 something though.
  • I am currently seeking a lease on a Mercedes E350matic, with Premium I and IPOD connection. I was quoted $733.17 monthly payment. Details are as follows:
    MSRP: $56,915 Sale price of car: $54,793, Residual: 39,477, MF: 0.00205, 27 mos lease drive off: Taxes, etc.. $3275.13 Is this a fair deal? HELP!
  • tpixleytpixley Posts: 1
    Carman are you still out there? I would appreciate the current residual and money factor for an E350 4matic, 36 months 10K miles. Also, in doing a lease deal, do you think there will be any problem in using my father in law's employee discount that we seem entitled to? It would make the Cap cost very attractive!

    Tpixley
  • bmwcrzrbmwcrzr Posts: 17
    I Car_man, or anyone else who can offer some help,

    I thank all of you for your help in advance. :)

    For the past 6 years or so I have only leased BMW's :D . But with the ridiculous MF and residual BMW is offering on their new 528i I decided to visit my local MERC dealer. To my surprise I found a incredibly helpful (not so informative) sales person.

    I test drove a ML350 :) , E350 :D , and an R350 :confuse: (just out of curiosity)... I guess if I was married and my wife really wanted a mini van I would get one.

    1. This is what I was offered. E350 white, black MBTex, P02 (I want this package), sport package (I understand this is free) at...
    - MSRP - 55,615.00
    - Base Cap - 47,5XX.XX
    - Residual - 63% (I don't know how this dealer is offering me this rate because June rates have changed.)
    - MF - .00190 (I know current rates are .0017 right?)
    - I am told car tax in CA is 8% (????)

    The dealer has not yet mentioned what they would charge me as far as fees (MACO, bank fees, paperwork fees, acquisition fees) would run me.

    2) What should I expect to pay the dealer in fees to get this deal.

    3) I understand it is bad to put a down payment (vehicle loss) but I know my friend usually gives the dealer about $5,000.00 and at the end of his lease he gets it back. He claims it helps him keep his payments down. How does that work?

    Looking forward to hearing from you soon.
  • waggywaggy Posts: 6
    2007 e350, P1, sport,53715 msrp, southern cal
    33months /10k miles yr
    $4850 at signing, $499+tax/mo
    just curious
  • mbman2mbman2 Posts: 18
    At Mercedes of Rochester Hills I got a quote for a lease on a E350

    2007 E350 Package 1 Sport
    $389/mo
    33 months
    10,000 miles a year
    $2725 due at signing

    Should i go for it? :)
  • toobztoobz Posts: 4
    Sounds like a good deal to me. I have a 2007 E320 sport with P2 pkg, on an employee program lease for $440.00 per month. The term is 27 months for 10k/year. I love the car and will be disappointed when the lease is over. Very good residual and low money factor. Go for it...you won't be disappointed! :)
  • mbman2mbman2 Posts: 18
    Then i guess i'll go for it, THANKS :)
  • bmwcrzrbmwcrzr Posts: 17
    Hello mbman2

    I was wondering how your car is packaged and priced and how much are you getting it for.

    Also I would appreciate if you could tell us what the money factor is that they are offering you. Perhaps I can use your deal to negotiate mine.

    My deal is not far off, but the dealer is making money on the MF. I just want know how much money they are making.

    Thanks for your help and congrats
  • mbman2mbman2 Posts: 18
    yes, the car has the Premium 1 package which includes DVD Navigation, Bluetooth, SIRIUS radio, heated seats, and a power rear sunshade.
    It also has the Sport package which has 18-inch wheels, a lowered suspension and dual exhaust.

    MSRP is $54,415

    Money Factor is a 3.5 I believe, not 100% positive.

    I hope this helps BMWcrzr
  • bmwcrzrbmwcrzr Posts: 17
    That sounds like a great money factor... Thanks for the reply. the dealer is telling me that MF for the E right now is .0017 but they are charging me .0019 to .0020 to "make" some money.
  • abindraabindra Posts: 5
    E350 special leases pre-july 4th were around $550/month, and E320 were $579/month. I was hoping that leases would improve with lauch of 2008 modesl (launched 2 days back), and with July 4th discounts. Benz has now posted summer love program on 2008 but 2007 leases did not improve et all.

    It is not clear what is going on. The MSRP difference between 2008 & 2007 is also only $1200. Why? Other luxury brands are passing on considerable discounts post July/4th.. why not mercedes... I was tracking price gap in Accura RL & Mercedes 320 and the gap has widened by more than $7000 making me very confused if I should even wait for Mercedes prices to come down...or go ahead and entertain the aggressive Accura sales guys closing below invoice prices. Please advice on the outlook for E350/E320 2007 model pricing
  • mfaizanmfaizan Posts: 8
    Can somebody please post the residual and MF on a E350 4Matic Sport for a 24 month, 12K per year lease? My dealer is quoting me 61% and .00385 which I think are crazy high!
  • bmwcrzrbmwcrzr Posts: 17
    Hi ABindra,

    Yes, I am in the same boat as you. As a matter of fact I had put a deposit to secure rates, but the dealer forgot to put my deposit down.

    I have been told the rates will change as of July 15th.

    So I am going to wait.

    Also the reason as to why the 2008's are higher is because of inflation... But your resale value will be higher, so it all works out the same at the end of the day.
  • bmwcrzrbmwcrzr Posts: 17
    Hi MFaizan,

    2008 Mercedes E350 4matic Sedan
    24 Month – Residual 67% of MSRP – .00405 Base Rate
    36 Month – Residual 56% of MSRP – .00370 Base Rate
    48 Month – Residual 48% of MSRP – .00370 Base Rate
    60 Month – Residual 43% of MSRP – .00370 Base Rate

    Your dealer is charging you .00385 because they want to make more money. Regardless of what year you're looking for 07 or an 08, you should start your negotiations at invoice.

    As per Edmunds, there is $3,000 trunk money in this car. Which means you could ask the dealer invoice minus another $3,000 to start your negotiations.

    If, I were you, I would wait until July 15th (as I am). I have been told Merc is going to drop their rates due to the unpopularity of the deals.

    Good luck
  • mfaizanmfaizan Posts: 8
    Thanks bmwcrzr. I plugged in the numbers that my deale rgave me on an online lease calculator and got a monthly payment of $1219 on a 24 month lease! This is after a $7000 discount on a demo with 3000 miles. That is just a crazy payment. MF of .004 in 10%. Who is going to pay that?? I don't know what MBUSA is smoking!

    I got a quote on a BMW 335xi with auto/prem/cold for $630 pm. Seriuosly considering that.
  • bmwcrzrbmwcrzr Posts: 17
    Hello again MFaizan,

    I too went to test the 528i and was not impressed with the interior after sitting in the E350 (and having my heart set on one. Mind you I have always been a BMW driver. I currently have two sitting in my garage.

    Couple of things.

    1. The 335xi and 535xi is probably the best engine BMW has produced in a very long time. There is no comparison between the twin turbo and Merc's 3.5 7 speed auto.

    2. If you really want the E350 (which by the way is a bigger car than the (335i), perhaps you want to wait until the 15th of July for Merc's new rates.

    3. If you really want the 335i still, I would urge you to wait until August. I am not promising but I have been told that August rates are going to drop for BMW across the board (perhaps not the 328i).

    Good luck on whatever you decide and keep us posted.
  • star8star8 Posts: 8
    Did you end up getting the lease? I was looking into one and I got quoted $600 zero down for 33 months somewhere in birmingham.
  • toobztoobz Posts: 4
    If I were you, I would go for the 2008. They are using a lower money factor and higher residual. MBUSA did not lower the money factor for 2007. All programs ended July 5th and they did not make them any better as hoped after July 16th. The $3000.00 off MSRP for a 2007 won't get you the payment your looking for.
    Our local dealers only have a few 2007 left and they are ready to make deals on 2008 for the Summer event. I was told only a trickle of 2008 are coming in. If you can wait, the Winter Sales Event is usually a killer deal.
    Make sure to get all the specs on the deal your quoted for $600.00. It could be a non-sport E350W without P1 or P2.
    Good luck!
  • mbman2mbman2 Posts: 18
    Yea I got it. And I love it

    you should really try and go to the dealer in Rochester. Everyone is so nice over there
  • kermaloukermalou Posts: 4
    I got a great offer just still too much.

    2007 E350, P1 with AMD package
    MSRP about 56k
    33 month, 5k down, 650 a month including So Cal tax, 599 w/o tax.

    I really want to pull the trigger but my budget is about 500. Dealer says he is losing about 3k on the deal, which MB is offering cash rebates to get rid of 07 stock since 08s are coming in.
  • mbman2mbman2 Posts: 18
    Have you tried other dealers in your area?
  • abindraabindra Posts: 5
    Can someone tell me what to pay for E320 bluetech with MSRP $55,000, 10K miles/year, 33 months, North Texas.

    Mercedes online calculator tell me DOWNPAY $5400 + TAX/TTL for Texas, and the Lease payment of $619/month x 33 months.
  • abindraabindra Posts: 5
    more to above question --
    Or atleast tell me, is there any reason to pay more than what mercedes online lease calculator suggests (adjusting for TTL & Taxes). If yes, how much more...
  • aeggroupaeggroup Posts: 131
    What is AMD Package ? Anyway, I think 5K dowpayment is way too much. Call this number (718)701-2964.The name of the company is Gran Prix leasing. This is private leasing company in NY. No matter where you are they will make a deal with no money down. I quess AMD package you mean is really AMG or Sport package, which is free now at MB.
    My friend got a car from them $1,800 out of pocket including first payment, $580 per month including NY sales tax. Try it.
  • adam26adam26 Posts: 7
    Does anyone know the residual and MF for 2008 E350 with 24/33/36 months and 7500 miles? Also, Edmunds does not have details on 2008 model yet. Does anyone have invoice and/or cash incentives for this model? Thanks!!!
This discussion has been closed.