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Mercedes-Benz E-Class Lease Questions

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  • Hi,

    Can some one please give me the money factor on 2014 E350 Sedan.
    My dealer quoted me money factor of .00161 and MSRP is 61k, negotiated to 54k and for 10k miles per year, with 5K down, it's 516$ per month,

    Can some one kindly let me know if it's a good deal and if the money factor is right?

    Regards,
    Ray.
  • instead of putting that $5K down, use it to make multiple security deposits. You can make up to 7 (approx $4200) that you are loaning mercedes for the life of the lease. In return, they will reduce your money factor by .00049...so your interest rate drops. Your monthly payment will go up, because you didn't make the capital cost reduction, but remember you will get the $4200 back. Add up all the payments for the entire lease and you'll find that over that lease, you saved over $1000. The hard thing to get over is that your monthly payments will be higher (because you didn't put money down)...but you are saving money. There is no trick here...and it's part of the standard mercedes lease, although many dealers don't know about it, others don't understand it, and still others say it's too little money to worry about. It's not....just add up all the checks you will write under both cases (with and without Multiple security deposits).

    Finally, make sure you get mercedes basic service included in the lease negotiations (not some "better" policy offered by your dealer. Why?? Because it is treated as a feature.....that is you don' t pay the whole amount, you only pay as if it's a feature. E.G. if you have a lease with a 70% residual and the maintenance package for your lease mileage is $1000, you will actually only pay 30% of that $1000, or $300 for the service. It's a great deal but you have to know what to ask for.

    54K sounds reasonable...I've was offered 10% off MSRP on any e class last week without negotiating very hard.
  • MSRP $59,720
    Negotiated Price $49,720
    Down $3,500 (includes 1st month's payment)
    Payment $512 (excl sales tax)
    Term 42 months
    MF .00148
    Residual 52%
  • looking for money factor and residual for 10k lease, on 2014 e350. 36 months is ideal, but is there a "sweet spot" at 27, 33, or 42?

    Also, is there any loyalty money for trading out of a mercedes lease and back into a mercedes lease?
  • I believe 27 months is the current sweet spot on an E350.

    I am considering an e550. Does anyone know the residuals and mf for 27 and 36 mos 10K/year.
  • just got quoted mf of .00248 for 2014 eclass lease. i assume that is NOT the buy rate. Can anyone confirm?

    also, what is the "buy price" on lease acquisition fee. $795?? (Again, i'm thinking no)

    Thanks all.
  • Hi Ray,

    Please see the deal I just structured and am very pleased with. The money factor on the same lease was .00164 which is the buy rate - there is no mark-up. So, it appears your rate is lower and while I did not do the math, might include the discount for auto pay.

    I am not sure about multiple down payments and it does appear interesting, but in my opinion, I would you never want to loan someone such a large amount of money when they are not compensating you. The opportunity cost is too big for me but that's just my opinion.

    I can tell you that your 11.6% discount can be improved upon significantly, and really without too much effort on your part. I was actually in the same position as you and asked another dealer if they could do any better and they came back with a 17% discount. I did not put any money down either.

    Further, I am against putting any money down on a vehicle in the event of a total loss or theft you can not get your down payment back.
  • Multiple security deposits save you way more than most investments pay, so it is a no brainier to do them if you have the cash. You get the money back at the end of the lease too. Just google Multiple Security deposits.
  • kyfdxkyfdx Posts: 27,671
    Not only that, anything that lowers your payment is an "after-tax" return.. and, guaranteed...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • sm16sm16 Posts: 5
    CarMan - do you happen to have the latest MF for a 2014 E550 for a 36 month/7,500 miles/yr lease? Thanks in advance!
  • kyfdxkyfdx Posts: 27,671
    "Does anyone know the current residual and MF for a 2014 E550.

    10K miles/yr for 36 month and 27 months? "

    The 36mo., 10K residual is 63%, with Mercedes standard money factor.

    I don't see a special 27 month lease for this model.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 27,671
    "Can you let me know the residual and MF for a 2014 E250 Bluetec. 24months and 15k miles. "

    68% residual, standard money factor

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 27,671
    "looking for money factor and residual for 10k lease, on 2014 e350. 36 months is ideal, but is there a "sweet spot" at 27, 33, or 42? "

    .00148 and 61% residual..

    27 month leases use the 24 month residual on this model, which would be 69%..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 27,671
    "I am considering an e550. Does anyone know the residuals and mf for 27 and 36 mos 10K/year."

    63% residual, standard money factor.... No special 27 mo lease on that model...

    MODERATOR
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  • kyfdxkyfdx Posts: 27,671
    Some E-class cars use the standard rate.. not sure what that is, but probably at least .0020

    $795 is the base acquisition fee.... they can mark it up to as much as $1095

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • kyfdxkyfdx Posts: 27,671
    "do you happen to have the latest MF for a 2014 E550 for a 36 month/7,500 miles/yr lease?"

    Add 1% to the 10K/yr numbers to get the 7500 mi/yr residuals...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • sm16sm16 Posts: 5
    Thanks Carman. I'm being told the MF for the '14 E550 is .00225. I'm buying it down to .00195 through multiple security deposits.

    Do you think this is a fair deal?

    MSRP: $70,945
    Selling Price: 64,188
    Terms: 36 months/7,500 mls/yr.
    Residual: 64%
    MF: .00195
    I'm putting down 10 security deposits
    Upfront fees including taxes, MV, Acq fee..etc = $3,600 (excluding MSDs)

    Monthly payment = $735
  • each security deposit should bring down the mf by .00007 so your total reduction for 10 deposits would be .0007 and your mf with the MSDs should be .00155 not .00195.

    I have been offered 10% off of a 2014 e550 by two dealers...that would be a selling price of 63850 not 64188.

    you should include mercedes maintenance in your lease...it is treated like any other feature so you only pay 36% of the MSRP.

    Not sure why you want to pay acquisition fee and some other fees at startup....I always roll them into the lease. You need to pay first month payment plus any required taxes/registration fees....nothing else.

    Have you actually found a dealer with an e550 in stock...there are only 9 in the country as of saturday. I'm trying to find one to drive and it's close to impossible.
  • sm16sm16 Posts: 5
    Thanks for the help ghstudio. I'm not sure why he said .00195, let me check into that. If it's .00155, then I should be closer to $690, right? .Unfortunately, they don't have the car I want, so I'm ordering it. Estimated delivery is mid-Nov. Will definitely look into the maintenance pkg.
This discussion has been closed.