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Mercedes-Benz E-Class Lease Questions

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Comments

  • tayl0rdtayl0rd Posts: 1,938
    Well, I went to the dealership to finish the deal last night. The lease just wasn't feasible. The money factor was too high (.00395)and the residual was too low (47%). He did drop the price to $51,900. The purchase payment vs. the lease payment is very tempting. Add to that, the car is an absolute creampuff (almost literally because it's alabaster white with the light beige interior :P ) and only has 58 miles on it; ten of those by me.

    It was manufactured in Sep. '05. Isn't it abnormal for a Mercedes to sit unsold for over a year; especially one with so few miles? I could see a demo car sitting that long, but this car is literally a baby as far as miles go. It still has the plastic on the seatbelts in the back. And it's beautiful.

    The biggest downfall? To get the purchase payment to where I'm semi-comfortable, I have to dump a wad of cash for the downpayment. Whereas, if I'm reading things correctly, at the current MF on the 2007 BMW 550i, I could lease it for a slightly less payment and no money out of my pocket.
  • poorprofpoorprof Posts: 109
    WI Simonson in Santa Monica CA has this special:

    New Redesigned 2007 E350
    (2 available / No substitutions)
    (Premium Package 1)
    MSRP = $53,715
    Drive-off Total = $5,399
    10k miles per year

    27 months = $399 + tax

    so the deal is really for $2639 down and $499 a month and you get Nav too.
  • In the next week, I'm looking to Lease

    2007 E350
    Flint Gray with Ash MB Tex
    Premium 1
    Sport Package
    Wood Wheel

    Car List out for $54,955.00

    Any thoughts on what I should be lookin to spend on a 27 Month 10k lease would be appreciated.
  • Also in NY area and looking to lease an '07 e350 4matic. Does anyone know the residual and money factor for this car? Thanks for the help.
  • I am considering a lease on an '07 E-350. The lease appears to be a good deal, but I am disappointed with not having the total maintenance that MB used to include.

    Can anyone tell me the maintenance costs I will have to pay? The lease is for 27 months and I want to know how often the oil has to be changed, approx.cost, and any other expenses; tire rotations, etc. that I might not know about.

    Thanks in advance for your replys.
  • acucuacucu Posts: 4
    i saw this on mbworld.org

    I got a great deal on an 07' E350.
    Here are the numbers.........
    Black on Black with Premium 1 pkg + no cost sport.
    Approx 54,000 paid just over 50,000.
    15 miles per year, 27 mos lease...NO MONEY DOWN!. I repeat NO MONEY DOWN - NOT EVEN FIRST, TAX, FEES, etc.
    71% Residual -- .00280 Lease Rate.... Payments 699.52 per month.
    Yes you can get the same deal on the 07' just work for it...
  • acucuacucu Posts: 4
    crazy expense- average 90-100/hr

    you can call your dealers service department and ask how much an A service is and a B service and how many you will need- for the term you are leasing

    hell- negioate for it with your sales rep....for them to include it like bmw.

    you can also look at mbusa.com and see what is included in a A service vs B.

    A= Oil change and kick the tires-
    B= all filters , and some other stuff
  • I did better than that.
  • dpeck1dpeck1 Posts: 51
    What dealer in what state. Thanks.

    DP
  • dpeck1dpeck1 Posts: 51
    What deal did you get? What dealer? Thanks.

    DP
  • acucuacucu Posts: 4
    great please share details i have'nt taken any deals yet-

    somewhere like 8 grand off msrp is what i have heard

    then zero down 15k/year 39 month $67 0ish a month

    there is was an employee assumumptio for 4500 down 452 plus tax 12k/year 27 month - but i need 15k miles
  • poorprofpoorprof Posts: 109
    WI Simonson in Santa Monica CA has this special:

    New Redesigned 2007 E350
    (2 available / No substitutions)
    (Premium Package 1)
    MSRP = $53,715
    Drive-off Total = $5,399
    10k miles per year

    27 months = $399 + tax

    This is the same deal as ZERO down and $599 a month.
  • First time posting a message. I went to Greenway Mercedes in Houston. If you live in Houston, you know that this is the dealership in the center of the city. Long story short, We agreed on a lease price for an 07E350P1. The manager came out to congratulate me on the deal. I go back to the financial department, and they tell me they have "made a mistake" and did not calculate in some "taxes", which now, should be paid by me, the consumer, after we agreed on a price. CERTAINLY this may have been on HONEST mistake, certainly this could have been a used car lot ploy, but whatever it may be, they did not honor the agreed price initially decided by me, the salesman, manager and financial "person", and they tried to get me to agree to another deal, i.e, more money down, longer lease, etc..
  • Car_man, I will be leasing a 2007 E350 P1 Sport tomorrow. My question is concerning "Drive Off". Assuming I am coming to the table with zero down (no cap cost reductions) what is usual and customary to be paid in the drive off cost? There will be no security dep and I assume first month lease payment is in there. But, after that I have little idea.

    Thanks
  • geocgeoc Posts: 15
    car_man,
    I'm unsure if I'm being offered a good deal on 27mo/10,000mi/yr. $760/mo with $5K upfront on E350W4, leather, P2 pkg, Pano roof, trunk closer. Residual $36K
    They also suggested one payment and save $2-3K. MSRP $61K
    Thanks for any help
  • fushifushi Posts: 1
    Im about to lease a E350 4-matic which has an MSRP of $59,665, Invoice of $56,442 and the dealer is letting it go for $56,942 (500 above invoice). The lease 15K miles a year, 39months with 2396 down (1st month, cap, title, tags, bank fee, etc) comes to $835 a month. Is this a good deal? Are there any dealer discounts running around (I know there is $5K for 06 models)? Any help would be greatly appreciated. The dealer is in the NY/NJ area.
  • glfanglfan Posts: 13
    Yup, got the E350 deal with sport and P1 package with a sticker price of $53,715. I got it for $4600 under the invoice. The dealer marked up the invoice with a $600 IRG advertising cost. I guess I got a $4k off invoice in reality.

    The leasing factor on a 39 month lease is lower at 220. However, the residue is lower at 59% on a 12k mile/year for 39 months.

    Paid $4300 drive off and $470 + tax a month. I think it's pretty good.
  • Hi spotenator. At lease signing, you will have to pay your car's first month's payment, Mercedes-Benz Finance's $795 acquisition fee, a security deposit - which you aren't paying, and any required state taxes or fees.

    Car_man
    Host
    Prices Paid Forum
  • den110den110 Posts: 2
    Just leased a E350 P1, sport package, panarama roof. 27 months 7500/yr(my wife doesn't drive much). $2064.70 out of pocket (for 1st month, bank fee, mv doc etc.) zero cap cost. payment is $588.76 (includes tax). Any thoughts?
  • Hello Car_man!
    from your experience, do you think the new program that is supposed to come out in february will be better to lease an 07 e350? I am undecided whether to go and get it now, or to wait till new program comes out, supposably the residual has already chnged as of the january first, and that february first it should stay the same,because they dont change residuals every month, but there might be some lease cash available, what do you think? should i go get a deal now or should i just wait 10 days?

    thanks!
This discussion has been closed.