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Mercedes-Benz E-Class Lease Questions

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  • greencardwpbgreencardwpb Posts: 14
    edited March 2013
    Hi Carman,

    I am looking for a 2013 E350 Cabriolet. Can you provide the residuals for 24 and 36 months at 15K miles/year and the money factors currently being used? I am in South Florida.

    Thanks.
  • What are MB Financial's March money factor and residual values on a 10k mile/year lease for the 2013 E350 coupe w/AWD.
    I am looking at 36 & 42 month terms. If residency matters, the vehicle will be located in New Mexico.

    Since the dealer ordered the vehicle in December would the dealership be eligible for any winter event or other incentive program? If so, how would I become aware of these? I will see the invoice as part of the Costco Auto Purchase program. Currently the vehicle is cruising somewhere on the Atlantic.

    Thanks in advance,
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome robrtgolf.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I'm glad that you like the forum, clseth. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Cabriolet with 7,500 miles per year are .00160 and 61% for consumers who qualify for its top credit tier.

    Mercedes has $2,000 "Spring Event" certificates out there on this car. Try to get the dealer to use one to help reduce the selling price of your car.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go greencardwpb. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Cabriolet with 15,000 miles per year are .00160 and 64% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00160 and 57%.

    When negotiating your deal, make sure that the dealer uses one of the $2,000 "Spring Event" certificates on it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tommyleenm. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 36-month lease of a 2013 E350 Coupe 4Matic with 10,000 miles per year are .00160 and 60% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 42-month lease are .00160 and 56%.

    Unless you locked something in, you are eligible for whatever lease program is available at the time of delivery. Mercedes is currently providing $2,000 "Spring Event" certificates on this car right now. See if you can get the dealer to use one on your deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mpapa86mpapa86 Posts: 1
    Hi,

    I'd like to see lease residuals and money factors for the E-350, E-350 Bluetec, and E-400 Hybrid. I could do 24, 27 or 36 month depending on the deal @ 12k per year.

    Price-wise, is there any current way to beat USAA on these - about 5500 off.

    Thanks,

    Mike
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Mike. Mercedes-Benz Financial's March buy rate lease money factor and residual value for a 24-month lease of a 2013 E350 Sedan with 12,000 miles per year are .00141 and 69% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36-month lease are .00141 and 58%.

    The numbers for the E350 Bluetec are .00205 / 73% and .00205 / 62% for Tier 1 customers.

    The numbers for the E400 Hybrid are .00205 / 71% and .00205 / 60% for Tier 1 customers.

    Some of these models may be eligible for Mercedes-Benz Financial's "Value Added" program, which enables you to use the 24-month lease program for 27-month terms.

    A $5,500 discount on these cars is pretty good.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks Car_man. Would you by any chance know if the "Spring Event" certificates are combinable with USAA or another fleet program such as the ABA?
  • newarknewark Posts: 1
    Hi, I am getting ready to lease e350 AWD sedan. 27 mo 15k miles, 2300 down, 719 mo. is this a good deal, or should I wait for 2014 which is coming out soon? Thanks
  • When I wasn't in the market for a car, this message board was flooded with individuals posting about the great deals received on E-classes. Now since I am in the market for a mercedes, I am not seeing any updates. Is this a bad time to lease a Mercedes and receive a great deal?
  • ponytrekkerponytrekker Posts: 284
    NOT a good deal. Scroll back. One month ago 0 down 500 and change a month was the norm.
  • Please... someone chime in here. Is this as aggressive as they say?

    Here's where I'm at:

    2013 E350 Cabriolet Diamond White Metallic with Almond Mocha and black roof
    P01 package
    Parktronic
    Wood Trim package
    Appearance package

    MSRP of $68130 and my price of $63,123
    3 year, 15k/year
    57% residual
    .0019 MF
    $2493.75 out the door
    $957.65/month

    ANY comments would be greatly, greatly appreciated!!!
  • I am also working a deal on a 2013 E350 Cab with different color/options. Based upon the information I got from car_man above and others, assuming your credit is good, they are playing with the money factor.

    For 36/15K the MF should be .0016. The residual is correct. There is also a Spring Event certificate available for $2K. See message number 2900 above.

    One dealer told me that they can use the 24 month MF and residual over 27 months as part of the Spring Event, but another told me that it was not available on the Cabriolets.

    Are you using any certificates like USAA for fleet pricing to bring the price down? Where are you located and what dealer are you working with?
  • waggy1waggy1 Posts: 2
    my deal on cab from November 15, 2012
    2013 e350 cabriolet
    p1
    wheel and tire plus protection
    prepaid maintenance
    msrp 63675
    3013 upfront
    51 months/10k miles
    .00160 mf
    51% residual
    6 months left on existing e350 sedan lease
    725.23 which includes tax
    very large socal dealer
  • russman29russman29 Posts: 8
    edited March 2013
    The dealer admitted to bumping up the MF from .0016 to .0019 after I confronted him. He was very cool and honest about it. MB allows dealers to bump MF's by 110 basis points. They gave me $5000 off the MSRP which was nice and the reason they could was the bump in money factor. The bump meant $30 more in monthly payment. He said if we did .0016... the discount off MSRP would have been a bit lower and the payment would be the same $957.. they're gonna get their number no matter how you slice it. I'm in New York

    In addition, with 5 payments left on my CLS... MB is paying 3 of them and the dealer is picking up payment #4 and $400 of the last payment. So, I'm paying an additional $700 to get out early. I think its a very fair deal.
  • I'm trying to understand why 1 or two months ago, people were leasing e-classes for 5 and some change per month, with nearly zero down. I realize supply is low, because the new body style is coming out, but I don't understand how some of you are justifying the extra money per month (hundreds) and money down (thousands)? I am angry with myself for not leasing a couple of months ago. Hopefully some more people will post the current deals they are receiving.
  • I looked back and I couldn't find any $500's for the Cab, per se. I am pretty happy with my deal I suppose... although on this forum, people seem to insist on $9k-$10k below MSRP. I'm at $5k... should I be more aggressive? Is it wrong to 'pit' two dealers against one another? My dealer is a very small volume one and they have 2 cabs in stock... one is the color I want specced the way I want. Perhaps I need to search all local dealer inventories (there are many within 90 minutes) and have them give me their best price and see who's telling the truth after all. With 1 week left in the quarter... maybe better deal can be had
  • To me, the sale price of the car should be the same regardless of the money factor so your payment should be lower. When dealers have tried to pull this on me I have walked and found another who was willing to do it.

    Whenever you are getting out of a lease early or dealing with a trade it complicates matters. Only you know the true value of getting out of your CLS (i.e. what it's worth to you) and that is obviously a big consideration. It looks like your CLS payment is around $1100 per month so you are getting an approximate value of $3700 between MB and your dealer plus getting a new car with a lower payment that you seem to be happy with.

    The way I look at this whole process is to avoid getting screwed. If you feel you are getting a fair deal then go for it. You only have to answer to yourself. There is certainly an opportunity cost of dealing with all the time it takes to negotiate. I like to remind myself that the goal is no to get the best deal ever, but to get a fair one.
  • It's not wrong to request offers from multiple dealers and work them against its each other. You should be doing that to find out who's being honest and who's not.

    My local dealer doesn't have what I want in stock but there are others around that do. They all trade vehicles to make sales. Don't let the fact that a dealer doesn't have exactly what you want sway you. You can always deal with the number and tell them where the car is (they'll know from looking at the computer anyway).

    I can think of multiple times when I bought a car that was on the lot of dealer A from dealer B because the latter gave me a better price. Took him a day to get the car from dealer A. For car buyers the internet is a wonderful thing. Me thinks not so much for dealers.
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