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Mercedes-Benz E-Class Lease Questions

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  • I am looking at E350 with premium and sport packages. I received quotes on 2 cars. One has the 4matic - selling price of $55K (not sure of MSRP), total due at inception of $2k, monthly payment of $777. The other does not have 4matic (but still has premium and sport and also has Sirius and Bi-X headlights), the MSRP is $57,900 , the selling price is $53,300, monthly payment is $764, total due at inception is $2K. Are these good deals?
  • I forgot to mention that it was 39 month lease, 12000 miles per year.
  • Is this a good lease?

    E350 (pewter)
    sport package
    premium package
    sirius
    12000 miles
    39 months

    MSRP 57615
    selling price 52660
    monthly $755 (includes PA 6%tax)
    $1800 at inception (first month, tags taxes and bank fee)

    also, if anyone has the sport package, please advise on how firm the ride is versus the standard package. I love the look but not sure if I will like the ride.
  • Hi pjl12763. Mercedes-Benz is currently providing a $2,000 cash bonus on 2006 E350 Sedans that are leased through Mercedes-Benz Credit. Taking this cash into account, it appears to me as though you are getting the second car that you mentioned for around $1,000 over invoice. This is a reasonable price you may want to stop by the following discussion to compare it to the prices that other community members have paid for similar cars recently: "Mercedes Benz E-Class: Prices Paid & Buying Experience". Using the prices that you mentioned in your post, an MSRP of $57,900, and a selling price of $53,300, I estimate that this car should have a 39 month, 12,000 mile per year, zero down, pre-tax monthly payment of around $683. You never mentioned how long your lease is for or how many miles per year you are allowed to drive, but the combination that I just used is probably the optimal one for this car. As you can see, the payment that I came up with is a little lower than the one that you were quoted. Make sure that the dealer you are working with is using Mercedes-Benz Credit's buy rate lease money factor of .00250 to calculate your car's lease payment.

    Car_man
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  • We have exhausted the 350 lease rates, sedans and wagons. How about the latest rates on e500,e55 residuals, money factor etc. Thanks in advance. I was offered 36 mos. 52% residual 1700 down and around 975 mo.
  • golfer71golfer71 Posts: 30
    Any one know what the deal is with the March Leases? In December it was $3k back, in Jan/feb it was $2k with a smaller lease factor. Will March be a smaller lease factor and $3k? Anyone know?
  • tiltuptiltup Posts: 2
    I just leased a 2006 E500 today and the factor was .00305 and I have not seen it on any web sites however I was able to get $2,000 of trunk money on it. They indicated that there was still money on the E350 as well. The money factor has gone up.
  • npcnpc Posts: 2
    Thanks for your response.
    Do you advice making a single lease payment? the saving is good. Are there any potential risks in making a upfront single payments considering if the car is a total or stolen.
    Please advice.
    Thank you.
  • I've never leased before, and while this is after the fact, I thought I'd share the deal I was able to partake in and thank you all for at least letting me know (by reading this and other forums) it was "a good deal." Well at least from everything I have read before or since, it looks like it was a reasonable deal at least...

    Specifics: 2006 E350 4matic premium package, Iridium silver paint, destination charge
    list: $56965.00 / "purchase:" $49446.49

    CCR: $3000.00
    Lease term: 27 month
    Mileage: 10K/year
    Payment (before taxes): $527.01
    Residual value: $41014.80

    Standard fees - at least for around here - were charged for prep/document handling, etc. That is, other dealerships had similar fees for the same things.

    Spoke to several brokers and they all indicated this was a "good deal." Apparently the dealer (based in Westminster, Colorado) was looking to push out some cars for volume. They moved 15+ E350s in 3 days - even some of the staff took the deal I was told. Guess they pretty much plowed all of their incentive cash back into the deal.

    I was looking for something short term - 2-3 years and this fit the bill quite nicely. I have no intention of keeping this car - really just waiting to see what diesels make it here in the meantime : )
  • golfer71golfer71 Posts: 30
    Car_Man,

    What do you think about this deal? I'm in Maryland. $832 payment is with $0 down. This is an E350 4matic.

    2006 E350 lists for $61185 and the selling price
    will be $54900 before taxes and tags. The 39 month
    lease with 15000 miles per year with 1st month,
    acquisition fee and tags upfront (a total of $1965) is
    $832 per month. An addtional $5000 at signing reduces
    the payment to $690 (a total of $6823 upfront). The
    residual is $35487.30 (58% of the MSRP) and the money
    factor is .00285 with approval by MB Financial. All
    figures are good through 3/31/2006.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi richardga73. If you haven't leased this car yet, you are in luck. Mercedes just introduced a great special lease on it for a change. According to the latest information that I have seen, if you were to lease a 2006 Mercedes-Benz E55 Sedan through Mercedes-Benz Financial right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00125 and 55%, respectively. The numbers for an otherwise identical lease of an E500 Sedan should be .00305 and 53%. The money factor for the E500 Sedan is not as attractive as the one that is available on the E55 Sedan, but the E500 has an additional $3,000 dealer cash available on it right now that you can use to help you negotiate an attractive capitalized cost.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi golfer71. The Mercedes-Benz Financial lease program for the 2006 E-Class varies by trim level. If you let me know exactly which model you are interested in, I can tell you exactly what the March program for it is. As far as cash incentives go, Mercedes is currently providing $3,000 dealer cash on '06 E350 Wagon, E500 Wagon, and E500 Sedan models that may be combined with leases through MB Financial.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • golfer71golfer71 Posts: 30
    I am looking for a E350 4Matic. I want the keyless go option but it is to hard to find without being completely overloaded with all the options. I will probably settle on one that has the premium package and phone kit installed by dealer. What should I realistically be paying for this car? I have heard some folks claiming $8500 being offered without hesitation and others who can't get 4,000 off. I have been offered $6000 off but the payments are extremely high for the value they are giving me. I am asking for 15000 miles. What does that do to the cost? Plus, is it reasonable to have the dealer install the phone for the same amount that they charge for at the factor. Around MD they want another $500 for the phone installed. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, npc. Mercedes-Benz provides a decent savings for consumers who choose to pay for their entire lease in advance. If you have the money to do so, it's not a bad idea. Unlike making a large down payment when leasing, I believe that you would receive a refund for the unused portion of your lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi golfer71. You may be able to get a good idea of how much you should pay for the car that you are interested in by visiting the following discussion: "Mercedes Benz E-Class: Prices Paid & Buying Experience". Once you know the MSRP and selling price for the car that you are interested in, let me know and I will be happy to use its actual lease program to estimate its monthly payment for you.

    Vehicles that are leased with 15,000 miles per year have residual values that are 2% lower than vehicles that are leased with 12,000 miles per year. The exact impact that change has upon your vehicle's lease payment depends upon its price and how long you lease if for.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • golfer71golfer71 Posts: 30
    I am going to try and get pricing tomorrow. I just wanted to say thanks for your help thus far. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, golfer71. Talk to you soon.

    Car_man
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    Smart Shopper / Prices Paid Forums
  • golfer71golfer71 Posts: 30
    From MBUSA:

    6. Available only to qualified customers by Mercedes-Benz Financial at participating dealers through March 31, 2006. Not everyone will qualify. Advertised 39 month lease payment based on MSRP of $56,275 less the suggested dealer contribution resulting in a total gross capitalized cost of $52,556.25. Dealer contribution may vary and could affect your actual lease payment. Includes destination charge and Premium Package. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $22,971. Cash due at signing includes $2,950 capitalized cost reduction, $795 acquisition fee and first month's lease payment of $589. No security deposit required. Total payments equal $26,716. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 32,500 miles, and $595 vehicle turn-in fee. Purchase option at lease end for $34,327.75 plus taxes ..

    Perhaps I am figuring this wrong but with these numbers I get this:
    MSRP $56,275
    Discount 6.61%
    Selling Price $52,556.22
    Residual percentage: 61%
    Residual Value $34,327.75
    Money Factor: .00140

    That is the only way I see it totalling their totals. Am I missing something here?

    I went to a dealer today. Basically, I have been wanting Keyless Go. Biggest discount I could get was $5,500 from the dealer. Today, he offered me $7,500 off a car on his lot without keyless go. Now keyless go went from a $1,000 option to a $3,000 option. I think I can get the car for $8,000 - $8,500 off MSRP now without keyless go.

    The dealer did give me this on one with keyless go, 39 months, 15k a year.
    MSRP: $59,535
    Selling : $54,035
    Residual: 58%
    Payment with MD tax (5%) : $838
    Nothing down but first and tags.

    He did not give me the money factor. I think this is high. Using .00285 I get $790. Am I just getting cheated or am I doing something wrong?
  • golfer71golfer71 Posts: 30
    Car_Man,

    MSRP: $57,465
    Price: $49.500
    MF: .00285
    State Tax: 5%
    Miles: 15K
    Term : 39
    Residual: 58%
    Res Value: $33,329.70

    Payments: 751.25

    I have a program that does this and the only difference I see is that the tax amount they used is on the car selling price and the program tax amount comes in half that.
  • golfer71golfer71 Posts: 30
    Well, I got a car today.

    Here is the deal I just received on a 15,000 mile 39 month lease.

    MSRP: $59,935
    Selling Price: $53,300
    Money Factor: .00235

    $0 down.
    Walk out the door cost $1800 (fees, reg and includes first month)
    Payment: $682 plus tax
    Maryland taxes 5% of the selling price of the car which translates into a $762 payment. I think that the taxes are very high but that isn't the dealers call.

    Was this a fair deal CarMan?
This discussion has been closed.