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Mercedes-Benz E-Class Lease Questions

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Comments

  • ocautoseekerocautoseeker Posts: 425
    08 Mercedes E320 BlueTec Diesel (June Rates)
    24 M – Residual 65% of MSRP – .00150
    36 M – Residual 55% of MSRP – .00225

    Residual value based on 15k annual miles.

    Add 2% for 12k, and 3% for 10k.
  • jpdcjpdc Posts: 17
    I don't really know how we got to the cap cost. I was planning to ask for @$2,000 below invoice based on the incentives, but didn't need to ask. The dealer made this offer straight away (but you should know that my salesman knew me and sold me a GL recently that I negotiated pretty hard).

    I only needed 10,000 miles/year, which saved me 1% in residual over 12,000.

    The only money down was $900 -- which was the first month, tags, and a $100 processing fee that I decided not to fight about. And the dealer had sent me a $500 "gas" discount card in the mail, so that was deducted for a total out-of-pocket of just about $400.
  • bpwyattbpwyatt Posts: 2
    Thanks for your reply. Looks like you got a nice deal.
  • mbnycmbnyc Posts: 4
    Hi - I am wondering how good this deal is?

    In NYC
    2008 New 350 4M Sport
    Flint Grey/Black
    Sport
    Black Birdseye
    Ipod kit
    Wood/Leather Steering Wheel
    Voice Control
    Electronic Trunk Closer
    Premium 1 Package

    Total Retail 58,710
    Gross Cap Cost 54,784
    Tax Inc Adj Cap Cost 56,479

    No money down
    Residual 63%
    Money Fact .00030
    27 month lease 749 per month
    Cash Back from dealer by check $3,000
  • lbibumlbibum Posts: 7
    2008 E350 4matic
    Pewter w/ Cashmere
    Designo Burl walnut
    iPod kit
    Wood steering wheel
    Premium 1
    Sport package

    MSRP w/ destination charge $ 57,970
    Cap Cost $49705
    Monthly payment $576 ( 535.81 + 40.19 tax)
    27 month
    MF .00030
    Residual 62%
    Out of pocket costs: Inception cost $795
    Doc fee $249
    1st month $576
    NJ fees (registration, sup titling, tire fee) $ 488.82

    Total out of pocket ---------------------------------$ 2108.82

    I picked up the car today....What do you think of the

    Deal!!!!!!!!!!!!!
    :shades:
  • shawn757shawn757 Posts: 115
    Wow seems like a very good deal. I asked several dealers in S. california about getting a E350 $8000+ BELOW MSRP. But they say it's impossible and it's not true. They are saying that the $2000 lease cash is not also there. Does anyone know of qa dealer in S. Cali who will be willing to do $8000+ below MSRP?
    thanks
  • ghstudioghstudio Posts: 920
    According to my local salesman (who may be blowing smoke) MB just introduced an "employee price" deal on the e class..good until the end of the month (better rush). That would give you the car at a 12 1/2% discount off MSRP. The rest of the lease mf and residuals are unchanged.

    You might want to give your dealer a call....now.
  • shawn757shawn757 Posts: 115
    Who is your local dealerships? All the dealerships I have been to say it's impossible.
  • lbibumlbibum Posts: 7
    I leased the car from a very large Authorized Mercedes Benz Dealer with two locations in central New Jersey!

    Certain dealer incentives might only be available in the north east region.
  • vchadvchad Posts: 97
    Hey guys, ive been reading this site for quite some time, we FINALLY bought an E-350...with Employee pricing...and it was a crazy good deal.

    The car stickered for $55.5k. E-350 Silver/black interior

    MSRP: $55.5k
    Options . P1 package and Ipod integration

    EMPLOYEE PRICING MSRP : $48.5k (sorry i dont have exact numbers...papers not on me, car being delivered thursday night)

    CURRENT MB Marketing support.....is $4000
    So final buy price is $44.5k

    Leased it for 27months....I assumed my money factor would be .00030 like others had...but im guessing since we had employee price...we got it for .00001.
    Monday down: $1140. that is FIRST months payment...and the MB turn in fee end of lease.
    Monthly Payment: $384

    overall im thrilled, and didn't think this kinda lease would be possible, im paying 380 on my DAMN cloth seat 4x4 jeep commander.

    I in NO way qualify for employee pricing, which mercedes benz is offering, if you are a chrysler employee or family of one. But through some miracle, dealer had an extra employee code...and end of month. (i tried soooo hard to find someone, being I live in MI to find employee code...no luck)

    KEEP searcing guys, u can get a damn good deal on this car. It was a beatiful car, didn't wanna leave home without it.

    I live in michigan btw.
  • 1985mb1985mb Posts: 40
    Considering possibility of swapping into an E-class lease. Can extra miles be prepaid, i.e. bought/added to existing leases, at a rate cheaper than the 0.25/mile extra mileage surcharge?

    I think BMWFS allows one to do this (prepaying for extra miles w/in the last 6 months before the lease end costs IIRC $0.16/mi whereas it's 0.20 or 0.25 if you pay for extra mileage at termination)......... assuming MBF has a similar program?
  • 1985mb1985mb Posts: 40
    Wow, sounds like a great deal. How many miles/yr? Has this promotion ended already?
  • vchadvchad Posts: 97
    hey 1985 MB. I got my car for 27months/10k miles a year.

    I considered buying the 12kmiles..but the payment jumped by 35dollars a month, and i knew 10k would be fine, but figured Just in case. The salesman said, about ONE year into your MB...they will call you asking how many miles you have, and if you would like to purchase more miles. The rate that is, i dont know. But my salesman said I will be given a Employee price rate, have no clue on that.

    I think i got an unbelievable deal. If you have access to employee pricing, it seems anyone can get this deal, I know for a fact its going on till end of july. So if you can, I HIGHLY suggest it. I feel you can't go wrong with this car.
  • ksomanksoman Posts: 590
    Got the E350 4 Matic Sport with Premium 1, ipod, Wood Steering at advertised MB summer sale discount plus employee pricing discount in NJ.
    27 month 12K/year lease @ $435/mo includes taxes, $1930 out of pocket.

    Got the employee discount because i'd the MB MVP #... the dealer treated us royally over and above what i'm used to at such dealerships...

    Negotiated a similar deal with slightly lower payment in Portland, ME for SIL. Maine has 5% sales tax against NJ's 7%.

    I noticed that irrespective of metallic paint or not, the deal was working out the same. Mine is metallic paint.

    Overall a pleasant experience, but i'd like to complain a bit...
    $500 for an idiotic little bluetooth interface?
    Can they make the COMMAND module any more crazier? Can they learn from Acura/Lexus?
    The harmon kardon sound system is quite anemic and i'm not talking about watts of power put out, it is just sound quality poor
    The car despite the sport package is mushy at best, i think i prefer the bmw road feel much much more
    but hey, sometimes you buy cars because our shallow world evaluates you by what you drive... meh!
  • 1985mb1985mb Posts: 40
    I'd really like to be able to do this deal -- how does one get employee pricing?
  • 1985mb1985mb Posts: 40
    What is an MVP # and how did you get it?
  • vchadvchad Posts: 97
    well its actually really tough to get, hence why its such a great deal. YOu have to be a chrysler employee...or a immediate family member of chrysler. And mercedes is somewhat strict on this, so goodluck in trying to find someone that is an employee...it can be done. The amount of saving is well worth the time spent trying to find someone. :)
  • ksomanksoman Posts: 590
    Maybe I art lucky? A close friend works at MB. MB employees are allowed to get upto 4 MVP #'s issued a year for close family.

    @ the dealership, the largest in the NE with 2 branches in NJ, the sales person (A+ quality guy, and that's the first time i'm saying that about a car sales person) and his manager told me at least a good 100 times that i should thank my friend a LOT since the MVP discount knocked off a solid $154 off the monthly payment and $2600 off the down on top of what was already a tremendous deal they were offering through the Summer Love discounts.

    ks
  • lbibumlbibum Posts: 7
    Your numbers and your story does not make any sense....Please do not insult the Real people on this forum with your "fairy tales".... A MB dealer would never allow employee's to give the mvp # out to friends....There are strict rules in place....
  • jets80jets80 Posts: 8
    LBIBUM...I'm new to this forum, but wondering if you can say where you got this deal? I'm in NJ, and the best I can do is about $100 north of your mthly payment of $576. Any help on where to go?
This discussion has been closed.