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Mercedes-Benz E-Class Lease Questions

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Comments

  • Hi lotterywinner. The car that you are interested in probably has a spread of around $4,500 or so between its full MSRP and its dealer invoice price. Plus Mercedes dealers are being given $1,500 CAP certificates that can be used on it, giving you a total of around $6,000 to play with if you can convince the dealer to use one on your deal. That puts the deal that you were offered at around $700 over invoice, which is a very good deal...particularly in Lincoln Nebraska where there likely isn't much competition.

    The money factor that you were quoted looks great, too. If you like the car, I personally don't see any reason not to go for it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you for your help!

    I did not qualify for Conquest but can you please explain exactly what I should say concerning "Don't do cap cost reduction (i.e., make $0) down ". What do I ask for? (it's emailed negotiations)

    Also one last question. I know this goes against all the lease GODS lol but I was considering asking them what the payments will be for a 4 year lease to get my payments a little lower. I know it's not good economical sense but what are your thoughts?
  • Hi Lotterywinner,

    I'm assuming that you are putting $0 down. i.e., you will only pay your first month's payment and any valid fees (DMV registration, etc.) at lease inception/signing. I try to never put any money down or minimize the downpayment because if the car is totalled, I will never see that money again. Additionally, all that matters is the total money that you expend over the lease term. You can do the calculations, and often you will find that even if you reduce the monthly payment by making a downpayment, the total money in under that scenario exceeds the total money in if you made a higher monthly with no down.

    I would only consider a 2 or 3 year lease for several reasons. First, the RV is considerably better for 2-3 year leases as the car will depreciate substantiatlly at 4 years (increasing your payment). Second, MBFS often offers current leasees the ability to waive their last 4-8 payments if they move into another MB's vehicle. Third, the interest rate on a 4 year lease is ~3.8% (=.0016 MF). You could simply purchase the car and finance the purchase at a lower interest rate and subsequently sell the car in ~3-4 years.

    Cheers!
  • That is correct I am putting no money down and OK I will stick with the 3 year lease. Thanks again!
  • steffenreich - I'd be interested to know what dealer you are getting this quote from? MBFS? I've been quoted ~$880 for a E350 with MSRP of $59k for a 12k/36 month lease, first payment due up front. MF .0021.

    Your deal sounds much better...
  • Hi Car_Man,

    Can you or anyone review the following deal:

    2013 E350 Sport 4Matic with premium metallic color Steel Gray, P1 Package, Prepay Service Option for MSRP $59,894 with a net cap cost of $51,794 (reduced by $8,200).

    24 month lease 12,000 miles/year = $560/month (incl. taxes 7% NJ) with $1,900 (incl. first payment, acq, reg and doc fees)

    39 month lease 12,000 miles/year = $620/month (incl. taxes 7% NJ) with $1,960 (incl. first payment, acq, reg and doc fees)

    Can the above deal get any better than this? Thank you for your responses.
  • annu6annu6 Posts: 2
    edited September 2012
    mbslsamg - May I know which dealership is this? Is this with any USAA, mbca discounts? Thanks!
  • Hi mbslsamg. An $8,000 discount on this car is huge. If you can get anywhere near that, plus the use of Mercedes-Benz Financial's buy rate lease money factor of .00148 (top credit tier), snatch it up instantly.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • deenxdeenx Posts: 16
    wow! I'd like to know more too. I can't find anything close to that in NJ. I'm not USAA (which is really starting to pmo)....but ... the 24month is less than the 39 mth??
  • Hi everyone, has anyone negotiated a good lease deal on a 2013 E350 sedan this month with the $2K conquest cash or the $2500 USAA rebate? If so, can you share the details here.

    Thanks
    MarkeMarkee
  • I just got this deal on a 2013 E350 4-matic with metallic paint, P1 and Sport Package - no maintanance. It included the conquest program

    CUSTOMER DISCLOSURE
    Customer Name: Inside Car Buying WD Deal ID: 106587
    Sale Vehicle: New 2013 MERCEDES BENZ E CLASS E350W4 4dr Sdn E350 Sport 4MATIC w/AC , Automatic , Odom: 0


    Payment Details
    Term 24
    Base Payment 506.78
    Total Payment 506.78
    Purchase Option 42,217.50
    MSRP 59,250.00
    Est. Miles Per Year 12,000
    Disposition Fee 595.00
    Excess Mileage Charge 0.25



    Amount Due at Signing

    1st Month Payment 506.78
    Acquisition Fee 795.00
    Fees & Insurance 222.50
    Upfront Taxes 961.16
    Total Inception Fees 2,485.44

    Total Cash Required on Delivery 2,485.44


    Tax Information
    Customer State: New York Customer County: WESTCHESTER
    Type Amount Rate Paid
    Cashdown Tax 64.16 7.3750 Upfront
    Upfront Tax 897.00 7.3750 Upfront

    Fee Information
    Description Amount Paid
    Reg 125.00 Upfront
    Insp 10.00 Upfront
    Other 12.50 Upfront
    DocFee 75.00 Upfront
  • bass_fisherbass_fisher Posts: 16
    edited September 2012
    It seem like a really good deal. Does the monthly payment $506.78 include tax? I am surprised the Mercedes Benz is offering deep discount already for the 2013 model.
  • Hello Insidecarbuy, thanks for sharing.

    What was the agreed to price of car? Also, are you at liberty to disclose the name of dealer? Also what about money factor?

    Thanks
    Markemarkee
  • It looks like about $7000 off MSRP...That's a great price this early in the 2013's. Is this using a buying service (inside car buyer)?
  • Thanks for your advise Car_man. I picked up the car last week.
  • Hi your residual seems pretty high for 12k a year at 71%? I got a quote from dealer (NY/NJ) for 7500mls per year with the same residual. Can anyone confirm the residual for September? Thanks.
  • Hi, with 59k sticker and 42k RV, 0.00148 MF, and 500 monthly payment you are getting $9000 off sticker with sell price around 50k?
  • dl_amgdl_amg Posts: 39
    edited September 2012
    Nice deal, very close to what I got for my 2013 E350W Luxury Pkg w/P1, Parktronic, LaneTracking pkg, split rear seat, keyless Go, wood/leather Steering wheel and comfort box. @MSRP 59,695.00 back in mid-August.

    My deal:
    - 24 mo. / 24000 miles
    - Include 2 year service contract (Service A & B)
    - $1000 total drive off (at signing incl. 1st mo.)
    - $535.78/mo. including $43.11 local tax, for remaining 23 months. Auto pay.
    - $595 turn-in fee when turn in (no charge if lease another MB).
  • You're very welcome mbslsamg. Enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Dl amg,
    Can you disclose where I can get this deal?
This discussion has been closed.