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Mercedes-Benz E-Class Lease Questions

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Comments

  • hecarahecara Posts: 18
    Is this MF and residual the current one offered for the 2010 E350 coupe, 48 month lease? .00330 and 48%..I was told the FM that the MF he offered is the employee discount rate.

    If anyone has the correct info please pass it along ASAP.
    Thanks
  • 1003008gl1003008gl Posts: 11
    Awinner:

    I am getting the exact car that you got, MSRP $54175 except I need 15,000 miles on it. Do you mind tellling me how much you paid and which dealership? Were you able to get it lower than $639.xx and that was tax included, right? Please advise. Thanks
  • hecarahecara Posts: 18
    Hi Car_man,
    Here is the deal I was offered:

    2010 E350 coupe, Arctic White, P1
    49K (he said invoice was 49 and some change, this is supposedly w/ employee discount)
    48 months
    48% residual
    Money factor .00330
    Texas tax credit 1.5% (instead of 6.25% ends this monthper FM)
    Maintenence plan $769.00
    2,000 down+ first month payment $753 due

    Please advise...I think the MF is too high, I did not want to put anything down, and I wanted 36-39 months. I have Tier 1 credit score of 740.
  • 1003008gl1003008gl Posts: 11
    Poorprof:
    Can you mind telling me who your broker is? Looking for an excellent deal like yours. I am in S. Cali. Thanks
  • 1003008gl1003008gl Posts: 11
    ob995,
    The price (692.84) you quoted, was it taxes included? I am in Cali which has a crazy tax rate of 9.25%. Please advise. thanks
  • jayrcruzjayrcruz Posts: 3
    edited July 2010
    I went to my local Mercedes dealership and i was quoted:

    10,000 miles/yr
    39 month lease

    $799 month (tax included)
    $2800 initial payment including everything (first month, title, doc etc.)
    The MSRP on everything is $64.015. I get the car for $56,000

    The options are:

    Black on Black MB tex
    Premium 1 and 2 packeges
    Amg 18'' Wheel Package including sport steering wheel.
    Chrome door handles
    Rear Deck Spoiler
    Parktronic with Parking Guidance
    Panorama Sunroof
    Drive Dynamic Multicontour Driver Seat
    Rear Seat Entertainment Sytem

    I just want to know if im getting a good deal and if i should pull the trigger. This is my first time leasing at mercedes benz. Thank you in advance.

    Went to Another dealer and got this:

    39 month lease
    10,000 miles a yr

    MSRP- $60,145
    Neg. Price- $54,707
    Initial due at signing- $2662
    Monthly- $749 NJ 7% Included

    Options- Premium package 2 and panorama roof and almond leather seats.

    Residual- 57%
    Money Factor- .00220

    I know this has less options but its also $50 cheaper a month which is good.
  • $54000 msrp
    $46500 sale price
    .0022 residual
    15000 miles
    $1089 drive off

    $738 including 7percent fl sales tax.I am considering waiting another month for lower money factor. I got spoiled with my 08 E class as I have a .0011 :-)
  • evjonevjon Posts: 5
    .0022 is probably the money factor and not the residual.

    assuming a money factor of .0022, a 15,000 mile residual of 57% and no cap cost reduction (ie. downpayment), these numbers don't seem to work on my spreadsheet unless they are selling you the car for more than $46,500, or are selling you the car for $46,500 and adding other fees to the lease. Acutally it lookes like they are giving you the car for MSRP less $2,200. I also assume that the $1,089 "drive off" includes first payment of $738 leaving $351 in other fees.

    I think you may need more details on the deal. I just leased a $54,145 msrp e350 in july with $3,500 down and $562/mo, inlcuding 6% Fl. sales tax.
  • Yes sorry I'm on my bberry. I meant money factor. How many miles per year was your lease? And what was the final sale price? What county in fl was your dealer?
  • Kirstie_HKirstie_H Posts: 10,876
    A reporter is looking to speak to consumers who recently got a new vehicle because of the great lease deal. Please send your daytime phone number and the car you purchased to ctalati@edmunds.com by Friday, August 6, 2010.
    Thanks,
    Chintan
    Corporate Communications
    Edmunds.com

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • awinnerawinner Posts: 22
    I was not...$639 including tax was a great deal. I got 10k miles though. I got it through MB of Encino through the loyalty department division there.
  • I got a deal on a 2010 E350 4Matic with:

    P1 Package
    Sport Package
    Pano Roof

    39 Months/ 15k Year

    Only First months & Registration up front

    749/Month (Taxes and Fees rolled in)

    What you think?
  • I think that is a pretty decent deal. Better than mine. I also have the P1 Package, 15000 miles/year and 39 months. Mine was $1500 drive off (1st month, registration included), and $788.xx a month. I think my rate was a little higher due to my credit issue. But, it's cool. Someone has to feed the family. Picked it up this week and already got it tinted. Looks nice.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pilldoc. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. While manufacturers occasionally provide cash incentives on their vehicles which are not compatible with their lease program, that is not currently the case with the 2010 E-Class.

    Shop around and negotiate a selling price that's as close to dealer invoice minus the $3,000 dealer cash that is currently available on this car as possible.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 1003008gl. The selling price for this car will likely be very different today than it was in July. Mercedes-Benz replaced its lease money factor support on the 2010 E-Class with dealer cash. Specifically, it now has $3,000 on the '10 E550 Sedan. Make sure to take this cash into account during your negotiations.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, hecara. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 E350 Coupe with 12,000 miles per year are .00260 and 57%, respectively for consumers who qualify for its top credit tier.

    When negotiating your deal, make sure to take advantage of the $1,500 dealer cash that is currently available on this model.

    Savvy consumers who are in an area that has a decent level of competition are usually able to negotiate lower selling prices than TMV.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • 2010 E-350 Premium Pkg 2
    $1350 drive off, $796 per month (including optional prepaid maintenance for $16 more per month)

    I am not a math genius so I dont know about money factors and those stuff.

    thanks.
  • lamplamp Posts: 20
    I think you can try getting the number lowered.....

    We just leased a 2010 E350 P2, wheel pkg and pan.roof, msrp 57645, invoice was 54172 and got it for 48750, 39 month lease 15k miles per year zero down.

    we had 2 choices, the numbers are

    $1497 driveoff with bank fee added to monthly payment and monthly is 763.54 (including 9.75% CA tax)
    or
    $2558 driveoff with bank fee included and the monthly is 732.59 (including 9.75% CA tax)

    and if you want pre-pay maintenance plan then is $16.9 per month.

    we chose 2nd choice and add pre-pay maintenance to our monthly payment, so our monthly payment is $750 after tax
  • dukedodukedo Posts: 1
    I am ready to pursue leasing the following...new 2010 Mercedes E550 with a $63,445 MSRP. Terms are 36 months/ 12,000 miles per year with nothing down and tag,tax & title included in lease. I have perfect credit.

    Vehicle is at Jackie Cooper Mercedes in Tulsa, OK.

    Considering any promotions currently available, what would be the lowest payment possible??
  • jkang1jkang1 Posts: 7
    Hi, everyone and Carman.
    I just leased new 2010 E350 today. Thanks to your postings and thoughts, I got this with decent payment. I got E350 4 matic with p1 ($55,925). $2,000 out of pocket, $595/month for 39 month term. Mine is artic white and black interior with sport package. It looks young and great!!!!! I live in Pennsylvania close to main line. If you are looking for E class and interested in this deal, you can send an email to jonkang58@yahoo.com. I will inform you which dealer and sales person. Purchase process was smooth and the sales person is clear in conversation. I appreciate you, Car man and other peoples.
  • Thank you for all the info I gathered from this forum, it was very helpful with my negotiation. This is what my deal was;
    2010 E350 P1, wood steering & fold down seat.
    Msrp $55,155
    Neg $44,850 including $4475 MB incentive
    MF .0018 doing 7 MSD and auto pay
    Down $1,500 includes 1st month payment
    Monthly payment $598.00 39 month 15k/yr

    Hope this help.
  • bt97bt97 Posts: 4
    Was this a sedan or a coupe? Does MB round the MSDs up to the next $50? I'm looking at a 2010 E350 Coupe and the dealer seems to be unwilling to come down much at all.
  • This is for 4 door sedan, and yes they do round it of to the next $50
  • jj316jj316 Posts: 24
    Hi Great deal what is the dealer info please?
    thanks
  • bt97bt97 Posts: 4
    Thanks Vermont11. Has anyone been able to get a 2010 coupe on a 39 month term? I was told by a dealer that the 39 month term was only on the sedan, not the coupe.
  • Dealer's name is Mercedes South Bay. Also, not sure about Coupe.
  • jfer25jfer25 Posts: 5
    Hello!

    1) Can you please explain the 4475 in MB incentives?

    2) Can you please explain the 7 MSD? How much did you pay?

    3) How did you get the $1,500 down payment number (598 towards first month and 902 towards...)?

    Thank you!
  • Mercedes is currently giving incentives to clear out 2010 E350. $3000 for regular and $4475 for car equip with P1 or P2. Just pick it up from this forum also.

    MSD is to buy down money factor, Mercedes allows 10 MSDs, 1 MSD will lower the money factor by .00007 so 10 will lower the MF by .007, dont have to do all 10, it is really up to you. MSD payment is base on the original lease amount rounded to the next $50, so if your payment is $651, it will be $700/MSD.

    $1500 is 1st payment, DMV and all misc. In my case, it is close to $1200, I just let the remaining roll into cap reduction.
  • hecarahecara Posts: 18
    Thanks for replying. I had already made my purchase. Will email you with questions that have now come up.
  • bt97bt97 Posts: 4
    Do you know if you can still make the 10 MSDs if the rate being offered is a low rate, like the .00147 offered on C300s currently? I had heard that there was a bottom that they would not allow you to go below on the interest rate. I was debating between a 2010 E Coupe and a 2011 C300 and the C is a much better deal now. I was going to do MSDs, but I did not know if you could still do so on the low rate.
This discussion has been closed.