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Mercedes-Benz E-Class Lease Questions

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Comments

  • aceusmleaceusmle Posts: 12
    Outie: Congrats! That seems to be an excellent deal ... good job!

    Was this deal on a 36-month term? What annual mileage is included?
  • I am interested in taking over a lease, 2009 E350 sport package, 29000 miles & 24 month remaining (36 month & 36000 allowed). The effective monthly payment is $570/month. This will be my first MB lease, please let me know if this is a good deal. Thanks.
  • crestonavecrestonave Posts: 219
    The car has 29000 miles on it with 24 months left to go? No wonder the current lesee is trying to get out of the lease! You're allowed 36000 miles over 36 months. This leaves you with 7000 miles or 3500 a year. Do you drive that little?
  • Sorry didn't make it clear - the car has 7000 miles on it, with 29000 miles remaining for 24 month (1300 miles /month). Thanks.
  • ob995ob995 Posts: 40
    Carman any idea on the lease programs for the E-Class Convertibles yet? The residual and money factors? Thanks a lot
  • icb2779icb2779 Posts: 25
    edited May 2010
    Current money factor on E350 convertible in .00395 and Residual value is 57% for 36 months 15,000 miles per year. Add two points for 12,000 per year and 3 points for 10,000 per year and 4 points for 7,500 miles per year.

    Same money factor on the E550 convertible of .00395 and Residual value is 55% for 36 months 15,000 miles per year. Add two points for 12,000 miles per year, add 3 points for 10,000 miles per year and 4 points for 7,500 miles per year.
  • ob995ob995 Posts: 40
    Thanks a lot for the info
  • aceusmleaceusmle Posts: 12
    Hello,
    For a 36-month lease and 10,000 annual mileage ... does anyone know the residual value and money factor for a 2010 E350 Sport Sedan RWD?
    Thanks.
  • icb2779icb2779 Posts: 25
    2010 E350 Sport Sedan RWD Residual Value for 36 months is 57% and has a buy rate on the money factor of .00220

    Hope this helps.

    Good Luck :)
  • aceusmleaceusmle Posts: 12
    Thank you very much icb2779. Very helpful information! I appreciate it.
  • Hi I was wondering if i was offered a good deal. the dealership told me that they don't have that many E550 coupe in stock ( i called around and most of the dealership only has 1 or 2) and therefore they can't give me a good offer

    msrp: $57,975
    sale price: $51,281
    cap cost: $53,771
    downpayment: $2500
    Month payment: $845
    MF:0.002875
    Residual value: 51%
    39 months (with the option to return 6 months prior to that). 10k miles per year
  • icb2779icb2779 Posts: 25
    None of your numbers seem to be correct. The money factor and residual value are both too low. No leasing company gives you an option at the end of a lease to just get out 6 months early. Are you looking for just a base E550 coupe? The M.S.R.P. seems low like it doesn't really have any options...... What area of the U.S.A. are you shopping in? :confuse:
  • boomboom4boomboom4 Posts: 10
    Here is the lease deal I was offered by MB of St Clair Shores. Thanks to christiands for the referral. Ken is no longer there but the general manager, Darryl, is a straight up, honest guy who really wants to make this work.

    MSRP 57395
    cap cost 53000
    cap cost red 2000-lease loyalty
    adj cap cost 51000
    residual 32715 - 57%
    money factor .0021
    term 39 months
    tax 6% 638.96+38.34=677.30

    mf reduced by .001 because of auto pay
    cannot do multiple security deposits with subvented rate -std rate is .0028

    What do you think? I'm going to let him know tomorrow. Thanks.
  • ob995ob995 Posts: 40
    edited May 2010
    MSRP $76925
    Paid $75425

    I got $1500 off of MSRP on a Black/Black P2/Appearance package, rear deck spoiler, wood trim, premium leather, Mbrace, and rear side airbags.

    I bought the car cash as leases and fiance rates were a total joke. The lease worked out to $1631 after tax in Ca and MBUSA has the nerve to try and charge 6.9% for 36 months on a car loan.

    The salesman told me they got 2 cars in beside the one I ordered and both of the other buyers backed out of the deal because the lease terms were so high compared to CLK as they are almost 2x as much for a comparable E-Class Cab to CLK Cab which is why I was able to get the dealer to discount the car 24 hours after they received it as I threaten to walk as well.

    I have a felling if my dealer experience is any indication then MBUSA is pricing them selfs out of the market or going to have a hard time moving these cars as 350 are leasing for just over $1300 in Ca after tax. And a Bentley continental leases for just under $2k a month after tax in CA and that car is worth almost 50% more.
  • christiandschristiands Posts: 34
    Sorry to hear about Ken; this must have been a recent change. I can't comment on your deal (although it seems reasonable to me except no USAA discount), but if you have not been assigned a sales person yet, I have dealt with Matt T on several occasions at this dealer. The mgmt does seem to be superior at this dealer and if you request to have Matt T finish your deal that should yield a very fair amount of professionalism and follow up. Good luck.
  • car man, kyfdx any idea what mf, rv is on e350 4matic May lease? looking for information on both 36 & 39 month as well as 10,000 & 12,000 per year. Thanks this is great information you do a great job, much appreciated!
  • icb2779icb2779 Posts: 25
    Money Factor of .00220 is the same for 36 and 39 months for the E350W4. Residual is 56% for 12,000 miles per year and 57% for 10,000 miles per year for both 36 and 39 months.
  • aceusmleaceusmle Posts: 12
    Hi,
    Does anyone know the money factor for a Single Payment lease on a 2010 E350 Sport Sedan RWD. The lease term is 36-month, and mileage is 15K/year. Can this money factor be discounted further my Multiple Security Deposits?
  • aceusmleaceusmle Posts: 12
    The car I wanted to lease was delivered from the port to the dealership yesterday and I was supposed to pick it up today ... but the dealership called me and said during the post delivery checkup they discovered that the tire pressure monitoring system was defective and they need to order parts from the headquarters in New Jersey ... and the process should take 3 days! Should I ignore this issue and get the car anyway? Is there a way to know if a band new car needed repair right off of the delivery truck? Please comment ...
  • icb2779icb2779 Posts: 25
    When you do a single pay lease with Mercedes Benz Financial on a 36 month term the money factor drops .00100 points. The minimum money factor on a single pay lease through MBF is .00150 unless the special rate is already lower. The current money factor for 36 months on the E350W is .00220 - on a single pay it becomes .00150 - only saving .00070 of the available amount allowed - so your buying the rate down 1.68%. Do you think it makes sense......... laying out about $30,000 to save 1.68% for 36 months. :confuse:
  • ob995ob995 Posts: 40
    The big problem with single pay leases is if your car is totaled or stolen you are out the money. You insurance will pay Mercedes Benz based on the pay off of the car and you will get nothing, no refund on your payments nor will the amount of your payment be applied towards a new lease.

    So say if that happened after 3 months you really end up taking a bath. That is also why many people say putting down a large cap reduction at the start of a leases is not advisable either. MB includes free gap insurance with all their leases.
  • icb2779icb2779 Posts: 25
    Sometimes it happens where there is a minor defect in the parts. Think of how many cars they must produce every day at the factory. The only thing I would be concerned about is whether or not its the tire pressure monitoring system that is the problem. Most dealers will substitute the real problem with something that can be told to the customer to make him believe its a minor issue. Or there could have been a minor fender bender. When you go to pick up the car, before you sign papers, ask to see the history of the service report stating the tire pressure monitoring system was repaired. All warranty work done at a Mercedes Benz Dealers has to be in the service history. If thats what the problem was and its on the service history report, I would take the car! Hope this helps........ ;)
  • kyfdxkyfdx Posts: 29,808
    I'm not sure how MB Finance works, but I know with other companies, this isn't the case..

    Instead of treating the pre-paid lease as a large CAP reduction, if the lease terminates early (involuntarily), the lease payments are pro-rated to that point, and there is a pro-rated refund of the pre-paid lease payment..

    At that point, the lease works like a conventional lease, and GAP kicks in for any shortfall.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ob995ob995 Posts: 40
    kyfdx you could be right honestly, I was given the above info by the dealer when I end up buying my new E-Class cab on Sat as I asked if I pre-paid the lease would it much cheaper than doing a normal lease as the normal lease payment in my opinion was a total joke. The residual is not so bad but the money factor is outranges and I thought by pre-paying the lease I would get a significant discount on the money factor. That is when he bought up the situation about if my car was totaled or stolen I would be out all of my pre-payment amount because he thought it would be treated as a cap reduction.

    This info came from the fiance manager and not mercedes benz financial so he could be totally wrong or maybe he know the pre-payment option was not going to be a good option or I was not going to like that payment either so said that just to save time as he never even bothered to quote a lease payment even on the pre-paid option.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Vanessa. The dealer that you're working with is not being entirely truthful with you about your lease term. While it's true that right now Mercedes-Benz E-Class lessees are able to get out of their leases up to five months early at no cost to them if they lease a new Mercedes, there is absolutely no guarantee that it will be offering a similar program when you approach the scheduled end of your lease three years from now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • surge352surge352 Posts: 7
    I'm ready to pull the trigger on a coupe lease.... I went in last month and started talks with the dealer... Should I go back in this weekend and pull the trigger or should I wait to see what the rates next month look like?

    Thanks..
  • ob995ob995 Posts: 40
    The Coupe lease rates are 0.00280, the rates can not get any worse, with the cab out I assume demand for the Coupe will continue to get softer going forward which will add extra pressure on MB to offer a more competitive rate.
  • surge352surge352 Posts: 7
    Ok... went in this afternoon... They offered me on a p1 black on black E350 coupe - MSRP 54,325 - 2520 ("discount") = sale price of 51,805

    36/10k

    They want 4k out of pocket - monthly payment would be $840 w/tax.. I'm in S. Fla my tax is 6.5%..

    I still think this is high for a car priced this much. I have a 335 coupe that the sale price was about the same and I pay $700/month.

    Is this the best deal on a coupe right now?
  • playamdxplayamdx Posts: 7
    Hey guys I was able to get the lease 2 years ago for an E350 P2, Sports Package, I put 1150 down and am paying $470 per month incl CA tax. 27 months with total mileage of 22,500

    I have 4 payments left and I am looking to either purchase this car or lease another 2010 E350 P2 package with the panoramic roof.

    Is it possible to do a similar lease for 36 or 39 months for the same monthly payment?

    what would it take to get a deal like this done down payment wise, Residual, etc..?

    I appreciate the help fellas!
  • surge352surge352 Posts: 7
    @playamdx-

    Your not even close to what your going to be paying for that car... your looking at double of what you are currently paying now and you will have to come out of pocket WAY more...
This discussion has been closed.