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Mercedes-Benz E-Class Lease Questions

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Comments

  • nj dealer in morris county.
  • It's good but you can do better... New Jersey dealers charge high doc fees - all profit! They also charge more for the Bank Fee - again all extra profit. Assuming you don't qualify for any Fleet discounts - over 10,000 companies qualify; check to see if yours is one of them... You should be able to get $582.65 per month with $1,377.42 (bank fee $795 and first month $582) out of pocket plus DMV. DMV shouldn't be more than $250 to $300 (brings you to $1,677.00 out of pocket). M.S.R.P. of $57,495.00 and selling price of $48,959.00. Thats 12k miles per year and 24 month lease. Total savings from your quote of $1,458.00! ($450 on the out of pocket and $1,008.00 on monthly payments) Make the drive to a New York dealer if you have to... its worth the savings. Don't forget to take the maintenance package offered now through Mercedes for only $9.56 per month extra! Let me know how you make out.... I got mine 2 weeks ago - found out all the car buying secrets from www.simplifiedcarbuying.com
  • Thanks benz2779 for your response. I do qualify for fleet discount and the numbers you mention for Bank Fee, Acq Fee are the same as quoted. The differences are Luxury Tax of $204, DMV $256 and Dealer Doc Fee $250 this brings the total to $1504. State Tax is $1130 if payed full upfront then for a 24m/15K per year monthly lease is $630 for a MSRP: $59024 (P01, 4Matic, Wheel Package and Pre-paid Maintenance for 30K). What do you think?
  • Hi can you tell the which dealer in morris county NJ, as I am intrested in a similar deal as u got. Thanks.

    There are 2 dealers in morristown, nj.

    Thanks
  • mbslsamg

    WOW- almost seems to good to be true. I was quoted $680 (tax and maint included) for a $57,495 MSRP (plus the maint.) with $2375 down. Morris County/town NJ. You got 10,000 off MSRP? I can get loyalty as I am turning in an ML but what is EAB ?

    I feel like I am so off of your...
    $1,652.70 due at signing ($601.70 1st month, $795 bank fee, $256 plate) and $601.70 per month! (All taxes in payment)

    I would sign up for that tomorrow!! What NJ dealer did you go through?
  • How does this deal sound. I just leased the following

    2011 e350 bluetec
    p1
    parktronic
    pano roof

    MSRP 57875
    24 month 30k miles

    $531 + tax
    $1800 down includes license plates, ac fee, doc fee and 1st months payment
  • Did you have Fleet money and or loyalty money? What state are you in?
  • merc1234merc1234 Posts: 5
    edited November 2010
    I am looking to lease a 2011 e550 4MATIC sedan with p1 package (in New Jersey). 10k miles a year for 36 months. The MSRP is $64,925. The money factor is 0.0024 and the residual is 58%. Does anybody have any ideas as to what kind of payment would be good on this vehicle? Also, I was doing some hunting and found out that you can lease pre-owned mercedes up to 8 years old. Does anybody know how a lease would be calculated on a pre-owned car?
  • merc1234merc1234 Posts: 5
    edited November 2010
    I currently have a 2010 GLK350 lease and I know the company I work for has a $1000 fleet discount. I am also willing to pay a few multiple security deposits to reduce the money factor.
  • Could you give your contact for this deal. I have been talking with a person fron Ray Catena and their deal for the same car and I am at $2400 down plus $739.00 per month for a E350 sport 4-matic w/ pkg 1, sport wheels, 15,000 miles for 24 months. I am ready to go. Thank you.
  • to benz2779

    buddy looks like you are promoting this website as if you have vested interest in people spending money to get the book.

    the payments that you are referring to and the discounts dont apply to a normal person.
  • benz2779benz2779 Posts: 31
    edited November 2010
    romo 007 -

    Its unfortunate but I have no vested interested in the website. However, I do like to promote stuff I believe in and these deals are all very much achievable if you know how to shop and what you are doing.

    Mercedes as a whole has been focused on volume for the past 6 years now. They are trying to achieve the #1 spot for luxury cars this year and beat out Lexus for the first time in 10 years. Hint: As to why the prices are so much lower then they have ever been. Now your seeing almost anyone driving a Benz where as in 10 years ago it was only the wealthy people. Not everyone is getting deals like I am speaking about unless you work at it and know what your doing.

    Are you still looking for the E350? I would be more than happy to assist in finalizing the deal. What is the city you need to buy the car in?
  • Hi katiebell. The money factor that the dealer quoted you is correct. It is not negotiable. For some reason Mercedes is not currently providing any lease support on the E350. It is difficult to say what Mercedes' December money factor for this car will be, but it can't be much worse than it is right now. If I was in the market for one, I personally would be inclined to wait until next month to get one.

    Using the numbers that you mentioned, I am coming up with a monthly payment of around $717.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • dbenyaminydbenyaminy Posts: 5
    edited November 2010
    white on almond 2011 E350 w/ P1 and sports package . MSRP 54275, 950 drive off , 575 a month for 24month with 12k/year.. solid deal?
  • dbenyaminy that deal is too good to be true but if thats what you were quoted for I'll take it without hesitation.
  • Leasing a 2011 e350, but I do not belive dealer uses the natinowide MB lease program. I am isolated and need to drive 200 miles to another dealership so I want to be prepared:

    Here is what I was offered:

    MSRP $56,995
    Cap Cost $53,667 (the negotiated price)
    capital reduction $0
    Miles per year 10,000
    24 month lease

    DMV fees $714
    Doc fees $49
    "Lease fee" $1095
    Security deposit $0
    Total inception fee $2791

    Monthly payment before taxes $769.

    This payment seems about $100 too high. The inception fee seems close to the the national lease program I think. Should any of these items be much lower or am I close to what they should be?

    Thank you.
  • Does anybody know the December money factor and residual for a 2011 E Sedan Luxury for 24 months with 12K miles per year? Thanks so much!
  • does this look like a decent deal?

    this is the best i have seen so far...i have received quotes n e where from 1160-1350 per month with about 6k to 7.5k upfront...

    2011 e63 amg

    ACCESSORY DESCRIPTION
    040 Black
    201 Black Leather
    P02 Premium 2 Package
    Y83 Alcantara Headliner Black
    230 PARKTRONIC with Parking Guidance
    413 Power Tilt / Sliding Panorama Sunroof
    610 Night View Assist PLUS
    731 Burl Walnut Wood Trim

    MSRP $99,015

    Term - 36 months
    10,000 miles a year,

    Monthly payment $992.24

    $5544.24 out of pocket (1st month, bank fee, doc fee, motor vehicle & registration plus taxes)
  • mlevinemlevine Posts: 214
    Could you please let me know the residual and money factor on a 24 and 36 month lease at 12K per year. I see only 1,000 cash for non mercedes owners, is there any additional money available?
  • Feeld where did you get offered that deal on the e63? looks good
  • Where did you get this deal dbenyaminy? It sounds very good
  • Looking at:

    a. E350 for 24 mths; package 1 with the maintence option (MSRP $57k). What should I be looking at for a monthly payment and down payment. Is $659/mth and $4k down too much (seems like it)

    b. GL for 36 mths; package 1 with maintence, heated seats and rear entertainment (MSRP $67K); is $7k down and $800/mth too much (seems it)

    Appreciate the help!
  • Hi warbern. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 24 month lease of a 2011 E350 Sedan with 12,000 miles per year are .00240 and 72%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello mlevine. Mercedes-Benz Financial's December buy rate lease money factor and residual value for a 24 month lease of a 2011 E350 Sedan RWD with 12,000 miles per year are .00240 and 72%, respectively.

    The numbers for an otherwise identical 36 month lease are .00240 and 60%.

    Mercedes is currently providing a $2,000 loyalty cash incentive on the 2011 E350 right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi glipper. You never mentioned these vehicles' selling prices. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without these numbers, it is difficult to tell how large the dealer discounts that you were given were and in turn if there is any room left to negotiate. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • mlevinemlevine Posts: 214
    Thanks again for your help. The 2 year program is a great deal. I am trying to complete a deal this week.
  • thanks for the response.

    1. E350- $55k

    2. GL-$64,800
  • mlevinemlevine Posts: 214
    Just leased a E350 sedan P1 package for 24 months at 12K per year. $633.50 per month with taxes included. Up front fees (bank fee, 1st month, tag tranfer fee, and motor vehicle regisytration for a year and 3 months) $17200. Another dealer wanted another $146 a month with slightly more up front fees. I live in Southeast Florida where finding deals on certain brands is often very challenging. My deal was done over in the internet, only went to the deaker to pick up the car and go over features.
  • roblawroblaw Posts: 17
    mlevine: Did you really pay $17,200.00 up front or was the decimal misplaced?
  • Does anybody know the current 24 and 36 residuals and money factors for both diesel and gas E350s? I'm being told it's a 78% and .0023 on the diesel, and 72% and .0023 for the gas at 24 mos, but need the 36 mos. figures. Thanks
This discussion has been closed.