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Mercedes-Benz E-Class Lease Questions

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Comments

  • valueguyvalueguy Posts: 208
    Thanks for the info. I will contact Keith and see what kind of deal he offers me on a $63,500 MSRP E350.
  • valueguyvalueguy Posts: 208
    Hotaltlanta2 - Where did you lease the E350? Who did you work with?
    What are the details if your lease? term, mileage, etc.

    Thanks.
  • jaxs1jaxs1 Posts: 2,697
    http://newyork.craigslist.org/brk/car/484223097.html

    Unfortunately it's only 7500 miles per year.

    It is a 4Matic though loaded with nav and other options though. It sounds too good even for only a 7500 mile per year allowance. I'd take 15K miles and less optional equipment for the same price if I could get it.

    I notice it is in NY and people here quoted the cheap leases in New Jersey. Are there more lease incentives in that NY/NJ area than in California right now?

    Here is what I found in California:

    http://www.mercedescalifornia.com/PPC/2008-Mercedes-Benz-E350-Sedan.html
  • I called this dealer, they are in brooklyn ny....
    I got a quote for the e350 4matic loaded, 27 months, 1700 out of pocket for 527.
    I got quoted for a clk350 with a P1 package, with just 1700 out of pocket, 500 a month.

    What is interesting is that the december rates are due to come out next week.
    Will these prices stick around or will they drop more. :confuse:
  • jyeh74jyeh74 Posts: 10
    I dont understand how you are able to get a fully loaded E3504matic with $1700 down for $527 a month? I have superior credit and was quoted $1250 drive off for $699/month, 15k miles/yr.

    What was ur price of the car? i'm in the bay area and my car was $55k
  • jaxs1jaxs1 Posts: 2,697
    Maybe there are some silent incentives in the Northeast? I don't see anyone in California saying they are finding anything close to east coast prices.
    I would take it if I could get it. I already e-mailed my insurance agent to give me sample quotes on an E350 just in case I was able to find a dealer in the entire state of CA with a similar deal.
    You can fly to LA one way for $125 on Southwest from the bay area, have the dealer pick you up or take a shuttle to the dealer from the airport and then drive the car back home if that's what it takes.
  • jaxs1jaxs1 Posts: 2,697
    Lease Offer. E350 RWD.
    -$579.00 per mo/24 mos/$4224.00* at Signing
    -N/A E320 Bluetec, E350 AWD, E550 or E63 AMG
    -Requires P1 Pkg-P01
    -$0.25 per mi Charge Over 20,000 mi
    (expires 2007-11-30 00:00:00)


    http://www.intellichoice.com/lease/leasing?make=mercedes-benz

    Low payment, but too much money down and only 10K miles per year.
    People are saying they are doing better than this deal.

    Mercedes Web Site Winter Event Special:

    http://www.mbusa.com/models/main.do?modelCode=E350W


    1. Available only to qualified customers through Mercedes-Benz Financial at participating dealers through November 30, 2007. Not everyone will qualify. Advertised 24 month lease payment based on MSRP of $54,085 less the suggested dealer contribution resulting in a total gross capitalized cost of $50,443.02. Dealer contribution may vary and could affect your actual lease payment. Includes destination charge and Premium 1 Package. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $13,896. Cash due at signing includes $2,850 capitalized cost reduction, $795 acquisition fee and first month’s lease payment of $579. No security deposit required. Total payments equal $17,541. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 20,000 miles, and $595 vehicle turn-in fee. Purchase option at lease end for $35,696.10 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Subject to credit approval. Specific vehicles are subject to availability and may have to be ordered. See participating dealer for details. Please always wear your seat belt, drive safely and obey speed limits.

    Special lease rates may not be reflected in lease calculator prices shown on MBUSA.com. Please see your dealer for final pricing.

    Special lease rates may not be reflected in prices shown on MBUSA.com. Please see your dealer for final pricing.
  • We are looking to lease a E350 with po2, parktronic, suroof and sport package. 10,000 miles per year. 24 months. It looks like the invoice is 54,111 with msrp at 58125. In November or December what should be my money factor, my residual or any other numbers I should have to come up with my numbers. What is everyone else getting for for thier E350.
    Any help would be greatly appreciated!!! :)
  • I went into my dealership in Tampa and for MSRP of 55420, the are showing me invoice of 51420 (after dealer contribution), 66% Residual, 24 months, 10k per year, money factor of .00131...

    But here is the thing, they are asking for 5075 down and here is how they break it down...

    684.98 (first payment with tax, broken down by 640.17 plus 44.81 tax)
    177 DMV Tag Fees
    4.66 Tax on tag
    $3870.90 cap cost reduction
    $270.96 tax on cap cost reduction)

    does this seem like i am paying too much upfront?
  • jyeh74jyeh74 Posts: 10
    yah it sounds like they are asking too much. Back in Oct for bay area CA, I had a $1250 drive off, 15k miles/ year and a 33 month lease for a 08 E350 quoted at $699/month. Still high in my opinion compared to what some people are being offerred on this forum.

    Anyone know if the Dec. lease deals are out? People have told me to wait until Dec for year end deals.
  • It looks like your dealer is marking up the MF. It should be 0.00100, per this thread in mbworld (http://mbworld.org/forums/showthread.php?t=216821). It is never a good idea to make a down payment (aka cap cost reduction) on a lease, and much less when the manufacturer is offering you a below-market rate (better to try and roll everything, including bank fee, into the lease and keep your money in your orange savings account ;-) ). The basic reason why this is a bad idea though is that if you total your car or it gets stolen, the gap insurance won't cover your down payment.

    Hope this helps.
  • Carfan20,

    would you let me know where you are leasing the car? Is this in Southern Cal?

    Thanks.
  • AAs5,

    Would you let me know if you are leasing in Southern Cal? thanks
  • Too much money. I am in Florida, and the past several cars I have leased, I got from a dealer in NY. If you are interested, send me a private message and I will send you the contact information. The price I got was $499 per month, 24 month, $2300 total out of pocket (includes first payment).

    I drove the car at a local dealer, and the E350 drives like a dream. I have an MB R350 for the wife... but the E350 drives SOOO much smoother!
  • Hotlanta
    Where did you purchase your E350? I'm looking for a deal similar to yours. What packages did you get?
  • This was a 2008. 24 months, 12,000 miles per year.

    Sovereign MB in Brooklyn, with fleet group.
  • Sovereign MB, Brooklyn, NY (fleet group)This was a e350 and not 4matic. around $55,000 sticker. P1 Package, Ipod, and custom paint.
  • aas5aas5 Posts: 50
    no, NJ, but if it is a much better deal, why don't you ask them to ship it.
  • jaxs1jaxs1 Posts: 2,697
    It's almost December now. I'll wait and see if December rates are the same or better if I don't end up deciding to give up on trying to find a similar deal on the E350.

    I still wonder why I don't see anyone getting this deal on the west coast. It doesn't make sense that one dealer or even one small geographic area would have better deals on the E350 lease than the entire rest of the US.

    Paying $1000 or more to ship it to the west coast isn't going to be worth it even if I were able to get the same NJ dealer to give me the same deal.
  • Carfan20
    Can you send me the information on the dealer?

    Thanks
  • I got my CLK350 today, and I saw something interesting that the dealers arent telling you. There is a dealer rebate on a majority of the models, the rebate is to dealer only, and its about 3.5 grand perhaps even more depending on the models. Thats why they offer these rates at low prices. The form came somewhere from a NJ dealer, or perhaps from a MBF itself, but I think thats in TX.
  • jaxs1jaxs1 Posts: 2,697
    Is anyone in northern or southern California finding lease deals comparable to these bargain 24 month leases people are saying they're getting in New York and New Jersey?
    Does anyone know if there is some regional incentive in the northeast that is unavailable on the west coast?
  • Very interesting. I am picking up a 2008 E350 4 matic today. Loaded. MSRP $59,625.00 from Prestige Motors in Paramus, NJ. For the life of me I could figure out the deal they offered me. It sounded too cheap. Every time I ran the numbers I kept coming up about 789.00 below cost. I took into consideration the $2000.00 dealer cash on the lease and the dealer hold back money. The added dealer only incentives makes sense too me. My deal is: 24 months, 0 cap cost reduction, $1720.00 at pick up which includes 1st month, tax and tags, and acq fee. 10,000 miles per year. My monthly payment is 605.00 including Pa lease/sales tax. Black w/ black interior. It will me my second E Class. I only hope this one is as solid as my last one. Questio, you would happen to have a copy of the dealer incentive form?
  • Can you let me know what packages included in the price ?
  • Sure. The MSRP is $59,625.00. Black w/ Black MB Tex. Premium package #2, Parktronic, Panaramic Roof, and a no charge Sport Package. The best deals are to had at Prestige Motors in Paramus, NJ. Ask for Keith DeYoung.
  • Lotsa luck with your new MB E350.

    Would you mind sharing your residual? Any idea what the money factor is?

    I'm thinking about a 4matic e350 wagon myself. It doesn't look like the wagon deals are as good as the sedan, however.

    Thanks!
  • Thanks,

    I got a quote from a local MB dealer (NY) for a E350-4matic+P1, MSRP is 56780.
    The lease rate is much higher than the one you have.

    I will call Keith to see if I can have the same deal.
  • At first my residual value was 66% of the MSRP based on 10,000 miles per year. I decided to change the miles to 12,000 per year and the residual changed to 65%. The change in residual of 1% adjusted my monthly payment from 605 to 630.
    E350 4matic sedan: 24, 63%, 0.00080. 36, 53%, 0.00155.
    E350 4 Matic wagon: 24, 59%, 0.0039. 36, 48%, 0.00350.
    **both above money factors are for 15,000 miles per year. For 12,000 add 2%, for 10,000, add 3%. These are November number but, I believe they are going to be the same for December based on the MBUSA web site. Hope it helps.
  • Thanks for the info, it certainly does help. I'm particularly interested in the 4matic wagon. Always thought they were really sharp. The website mbworld dot org has a list of lease rates for all the MB models and the rates they show for the 4matic wagon are much higher. I could easily get by with 12k a year as well.

    I'm also thinking about the new Volvo XC70 wagon but before I pull the trigger I want to at least check out the 4matic wagon.

    Appreciate!
  • I dont have the copy of the incentive form, but I was looking at for quite some time.
    It looked to have many MB cars on it offering rebates.
    I think this is a Fleet rebate for dealers.
    Meaning, the more cars they push out the more money back they get, looks like a volume discount, but you have to sell an 'x' amount.
    It makes sense for them to give the cars away at lowered prices, and then get that money back directly from MB instead of the consumer.
    Not sure how this is all working, but it seems here in NY/NJ MB dealers are doing this. Your best bet is to go through a leasing agent instead of a big shop like Prestige.
    I have called everyone, Sovreign, Regency, a few places in long island, many MB dealers, everyone keeps offering similar rates give or take +/- $50 bux on a deal per month.
    I am not a fan of the E-Class honestly, I got a CLK, its just a personal pref.
    (on the E3504matic fully loaded)
    I had an offer with 2000 grand out of pocket, and 499 a month for 10k miles 27 months.
    and as much as 530 per month for 1700 out of pocket.
    I think these numbers vary when they play with the money out of pocket. but 530 with 1700 out, i think that is the deal where the dealer makes very little or nothing at all and its all just about the rebate money at the end of the lease program. :confuse:
This discussion has been closed.