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Mercedes-Benz E-Class Lease Questions

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Comments

  • Does anyone have any experience with buying a car thru MB Financial at the end of a lease? Will they negotiate the buy out price at all?

    Thanks
  • jim53jim53 Posts: 109
    I tried a number of years ago on an ML320 and was told they would not negotiate at all. The salesman said he disagreed with it but that was their policy. Not sure if it is still that way now though.
  • Here ya' go...

    2008 Mercedes E550 Sport Sedan
    24 Month – Residual 57% of MSRP – .00150
    36 Month – Residual 47% of MSRP – .00150
    48 Month – Residual 41% of MSRP – .00150

    2008 Mercedes E550 Sport 4matic Sedan
    24 Month – Residual 55% of MSRP – .00365
    36 Month – Residual 46% of MSRP – .00330
    48 Month – Residual 40% of MSRP – .00330

    2008 Mercedes E63 AMG Sedan
    24 Month – Residual 62% of MSRP – .00145
    36 Month – Residual 53% of MSRP – .00175
    48 Month – Residual 46% of MSRP – .00175

    Residuals are assuming 15k annual miles. Add 2% for 12k-mi and 3% for 10k-mi.
  • Here ya' go...

    2008 Mercedes E350 4matic Wagon
    24 Month – Residual 59% of MSRP – .00215
    36 Month – Residual 48% of MSRP – .00215

    Assuming 12k annual miles.
  • jim53jim53 Posts: 109
    thanks. For January, I believe you had said that the E63 for 36 month 10K per year was .00145 so it looks like rates went up slightly?
  • jim53jim53 Posts: 109
    ocautoseeker,

    Just want to clarify, my dealer is saying that rates on the E63 didn't change from January to February but from above it looks like the mf went from .00145 to .00175 for 36 months. Can you confirm that this is correct? My dealer was quoting me .00169 for January so I assumed there was some markup there but if he is telling me that didn't change for February, I don't see how it could now be .00175 as I have never seen a dealer discount a money factor.

    Thanks for all your help.
  • These are the current MBC numbers I have from my leasing source. The rate on a 36 mo term did jump slightly, but the rate for 24 and 27 mo stayed the same at .00145, and it's possible that your dealer quoted you the rate on one of those terms as they may vary well be more advantageous than the 36.
  • nacho2nacho2 Posts: 82
    Can you post the Money Factor and residual for a e350 on a 24 month and 36month lease for 12k.thank you
  • 2008 Mercedes E350 Luxury Sedan
    24 Month – Residual 63% – .00105
    36 Month – Residual 52% – .00140

    2008 Mercedes E350 Luxury 4matic Sedan
    24 Month – Residual 63% – .00115
    36 Month – Residual 53% – .00170

    2008 Mercedes E350 Sport Sedan
    24 Month – Residual 63% – .00105
    36 Month – Residual 52% – .00140

    2008 Mercedes E350 Sport 4matic Sedan
    24 Month – Residual 63% – .00115
    36 Month – Residual 53% – .00170

    Numbers based on 12k annual miles.
  • nacho2nacho2 Posts: 82
    Thank you very much, I sincerely appreciate it. Do you think the lease numbers will get better in March?
  • won't know 'til march.
  • aeggroupaeggroup Posts: 130
    I just leased my E350 today.
    Arctic white with PANO roof, Sport package, RWD, P1 package, I-Pod connection.
    $1,650 out of pocket ( first payment, bank fee DMV fees ), $590 a month including
    NY sales tax for 27 months. I hope it's a good deal. They not sure what program wll be in March, but current program is $2,000 cash back to dealer. Good luck to all.
  • That sounds like a great deal. How many miles were included? Is the bank MB Finance? I am on LI - Would you reccomend the dealer? I am thinking of waiting until March to make my deal - any insight? Thanks
  • I have the opportunity to assume an existing lease on a 2008 E350 4 Matic Sport. The vehicle has about 2500 miles and is nearing the end of the 2nd month of a 24 month lease. The lease payment is an unbelievable $400 per month and the current leasee would like me to contribute $2000 cash to them to ofset the downpayment they made. They also got an incredible deal on this vehicle ($49K) through an employee discount.

    I currently own a 2003 E320 which I bought used and I have never leased a car before, so the whole thing makes me a little nervous. The Buyout price is $38K which seems very comparable to other leases I have read about.

    Should I be nervous about this or jump on it?
  • I'd say if they simply wanted you to assume the lease with $0 out of your pocket, then jump on it as $400/mo for this vehicle is awesome. However, for you to contribute $2000 for them to get out of it, that's not your responsibility, nor would it be a smart investment.
  • If you agreed to the $2000 contribution you'd essentially be getting the car for $491 a month for 22 months. Is that still a good deal for that car? If it is, go for it, in my opinion. There are at least two websites that I'm aware of that will allow you to search for leases that you can take over - one of them is swaplease, and the other is leasetrader. To get some comps, check them out and see what's available in terms of available leases on this car.
  • aeggroupaeggroup Posts: 130
    Yes...MB bank, K10 miles a year....Dealer was Contemporary Moror Cars in Silver Spring NJ.
  • Hi Carfan,
    Would you please let me know the contact info for the dealer. I can't find a way to send a private message.

    Thanks, Paul
  • aeggroupaeggroup Posts: 130
    Hi. My dealer offered me insurance to cover tires and rims for the term of a lease for
    $490. My car is E350 Sport package. Is it worth it ? Any opinion welcome and appreciated.
  • i wouldn't do you have special rims? I called the dealer you used for your lease. They told me to contact your car broker, can you PLEASE give me their info? PLEASE....
    The guy at the dealership said I ahve to go through them to get your price.
This discussion has been closed.