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Mercedes-Benz E-Class Lease Questions

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Comments

  • I won't comment on your deal being good or bad because there is no value after the fact.

    I will however observe that you paid $4200 down...and if any of that was used to reduce the captal cost of the car, thus reducing the montly lease payment, you should have used that money to make Multiple Security deposits instead of a down payment.

    Generally, if you are leasing, you should drive off paying only the first month's lease payment plus any title/registration fees and taxes required by law...and everything else should be rolled into the lease.
  • It does qualify because i just traded in a TSX for an e350 and it worked for me
  • Hi. Are you sure about the reduced mf? I calculated the mf based on 10 msd's and it should be 0.00122. Did you pay tax for the msd's?

    Thanks
  • There is no tax on the MSD's.....however, each MSD is based on your monthly payment including tax.
  • Correct, see my correction to my initial post above.
  • What was your cap cost (selling price) and what was MSRP?
  • kyfdxkyfdx Posts: 29,156
    This 24 month lease on the Bluetec has piqued my interest...

    Did you check into the residuals on the 33 month lease? Does your lease include maintenance?

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 952
    edited September 2011
    I did not check 33mo...because I prefer 24 mo. I do know that the 36 mo would have actually cost me more per month. I just didn't know how I would like a diesel so I wasn't interested in a longer lease (I love the car by the way).

    My lease does not include maintenance, but at the time, I did not know that I could residualize the maintenance cost (unique to Mercedes). A few days after I had the car, my dealer and I discussed how to handle the fact that they didn't tell me that there was a maintenance package I could buy and residualize. As a result, I now have the 20K mercedes maintenance package which I paid for as if it were part of the lease...although I paid for it outside of and after I signed the lease. (complicated, but it worked out fairly).

    I also took the maximum 10 multiple security deposits and I was eligible for the $4000 conquest money. I paid first month lease plus actual registration transfer fee up front.
  • kyfdxkyfdx Posts: 29,156
    Thanks for the reply...

    Of course, out of 30 E-Class at my local dealers, not one diesel....

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Each security deposit is equal to one month's lease payment including tax.
  • Is the conquest money only good on 2011 vehicles? I'm looking at 2012 bluetec e350. Thanks!
  • Hi everyone,
    I just got into a 2011 E350 Bluetech, in So Cal. Here's my deal. Any thoughts are appreciated.

    2011 E350 Bluetech
    24 mos lease
    12,000 mls/yr
    Mrsp 57,165
    Selling price 50,000 (duscount incl 4,000 conquest cash)
    Cap cost 50,795 (incl acq fee of 795)
    Residual 76%
    MF .00155 (.00225 less .0007 for 10 MSD)
    Tax rate 7.75%
    Msd 5,500
    Down 950 (1st mo pymt, DMV, doc fees)
    Total 6,450
    Per mo $488 (453 plus 35 tax)

    Any better deals out there? Thx
  • sounds like a great deal (better than mine last month). If you haven't, and if you still can I recommend that you buy the mercedes maintenance (from mercedes as a "feature") and include it in your monthly lease. You will only have to pay .24 of the total costl, so it is actually a real bargain since mercedes leases require you to do the recommended maintenances in full.
  • I was at a dealer in NY over the weekend and they told me that NY Law does not permit MSD. Is this true? Has anyone leased a car in NY with MSD?

    Thanks for all your help
  • Hi CarMan,

    Can you please provide the MF's and RV's for the following leases on a 2011 E350 4Matic?

    1. 33month/7.5k miles per year
    2. 33month/10k miles per year
    2. 33month/12k miles per year

    Thanks
  • Ture, NY is one of the few states that don't allow multiple security deposits.
  • Well this sucks :(

    Do you know, if I buy the car in NJ, will I be able to take advantage of it there?

    Thanks for all your help.
  • kyfdxkyfdx Posts: 29,156
    I've heard from NYS BMW lessees that have been able to do MSDs, by buying in NJ, but from other makes (not Mercedes) who said the bank wouldn't do it...

    I'm sure that a lot of dealers in NJ are familiar with this... I'd start making some phone calls.....

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • So far I found out

    33M/10K - RV: 65% MF: (got two different numbers) .00200 and .00192

    Both dealers told me that if I do autopay it drop .00010

    Would still like to find out the numbers on other 7.5k and 12K.

    Will update, if I find out more
  • I'm looking for some advice.

    I have excellent credit. The dealerships tell me "we have to mark up our buy rate -- that is what WE pay -- we aren't taking advantage of you, but we have to make some profit somewhere in the deal."

    Is this correct? Or should I expect to get the buy rate MF?

    Thanks
  • Run, don't walk, out of the showroom and find another dealer.
  • Hi go2ucla,
    Which SoCal dealer did you use? I'm in SD, and the local dealers won't do MSD.

    Cheers!
  • The local dealers won't do MSD????? If they are offering you the mercedes lease, they have no choice...it's part of the leasing options...it's not a "dealer option" to offer it.
  • RV is 64% for 12K and 66% for 7.5K. MF is the same 0.00192.
  • Here's the information that you're looking for, dewarsandsoda. Mercedes-Benz Finance's September buy rate lease money factor and residual value for a 24 month lease of a 2011 E350 Bluetec with 15,000 miles per year are .00192 and 74%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 30 month lease are .00192 and 66%.

    If you were to lease with only 12,000 miles per year, this car's residual values would be 2% higher.

    If it is eligible for MB Finance's Value Added" program you would be able to use the 30 month numbers for a 33 month lease.

    Car_man
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  • Hi whichluxurycar. I believe that the conquest cash is higher on 2011 models, but there still is some on 2012s. I think that there's $1,000 conquest cash on the '12 E.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings aawaara. Mercedes-Benz Financial's September buy rate lease money factor and residual value for a 30 month lease of a 2011 E350 4Matic Sedan with 12,000 miles per year are .00192 and 64%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher. 7,500 miles per year would be 3% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • That's what I said to the GM's at two dealerships here in SD, yet they stared at me incredulously...and, I don't think it was because of my good looks.
  • This sort of thing is usually based upon one's residency, not where the dealership is located. While I am not 100% positive, I don't believe that a New York resident would be able to do MSD by just leasing a vehicle from a dealer in NJ. Again, I'm not positive though so it wouldn't hurt to ask.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey whichluxurycar. Dealerships don't have to mark up rates, they choose to in order to make more money on deals. There are plenty of dealers out there that lease vehicles without marking up rates. It wouldn't hurt to shop around to see if you can find a dealer in your area that will give you an attractive selling price and the base money factor.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
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