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Mercedes-Benz E-Class Lease Questions

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  • I am in the process of leasing a 2011 E-550. The negoiated price is $61,750. I want to get 15,000 miles/yr for 36 mo. What should my factors, terms and payment be? So many dealers, so many answers and so little truth.
    Help please...
  • z1roadsterz1roadster Posts: 6
    edited November 2010
    Lease offer

    MSRP 58,456
    7k MSD, Total drive off - $8,500
    Current MB Financial Leasee
    690/month including taxes (9.25%) southern CA
    12k a year

    Is this a good deal? Thanks all
  • Hi tsmwon. Mercedes-Benz Financial's November buy rate lease money factor and residual value for a 36 month lease of a 2011 E550 Sedan with 15,000 miles per year are .00240 and 55%, respectively or consumers who qualify for its top credit tier.

    I would be happy to use this lease program to work up a sample payment on this car for you, but I need its MSRP in addition to the selling price that you already mentioned.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi

    I was just made an offer for a 2 year lease on a E350 4 matic sport sedan with P1 option, black with almond two tone interior. I live in Queens, NYC. This is through the Costco Auto program. I do not know the residual.

    I was offered 673, per month with 3069 (tax included) OR 742 per month with 1705 up front.

    This is for 10,000 miles.

    Is this fair? Should I clench the deal? The agent also said, that she did not think that December would be a better time than now to lease, b/c the price went up in November compared to October.

    This includes 1st month payment, sales tax and bank fee.

    I am waiting to hear from you before I respond. I do not know anything abuot this stuff and also do not know HOW to negotiate a better deal. Please help.

    Thank you.
  • Hi car man

    I called the dealer back and asked her to give me the MSRP and residual.

    These are the numbers, They mean nothing to me. Really waiting for your sage suggestion. I don't know if you read and post on Saturdays, but I would really appreciate if you could get back on this.

    It's an E350 4 matic sport sedan, black with almond interiors, 10,000 miles per year. I live in Queens, NYC. I was quoted 673 per month, with 3069 down OR 742 per month with 1705 down. The MSRP is 56,775 and the residual is 73% or 41,445.75. It is a 2 year lease.

    Anthing I'm missing...?
  • medpedmundsmedpedmunds Posts: 1
    edited November 2010
    Hello -

    I am about to come off of my R350 lease and I have been gathering information on the lease of a 2011 E350 wagon.

    The Nov rates look like 58% residual, .00240 MF for 15K miles/year right now. Not so great.

    I am eligible for two rebates, $2000 loyalty and $2000 through my employer. Can I use to lower my cap cost after I negotiate a sales price? Or can I only use these on the back end? Also, MB is offering a $1000 conquest rebate right now? If I own one of the conquest brands, can I get that rebate as well as the loyalty rebate?

    Thanks for any information.
  • bknycbknyc Posts: 57
    I'm in a similar situation ( 3 months left on an 09' R350/MB covers these payments) and was able to use both the loyalty/employer. Wagon was $62385 (P1/Pano roof). 36 months, 10k miles $2200 inception- $669 per month including NJ sales tax and 3yr MB Service program-

    Think I did ok?
    Thoughts?
  • That's pretty good.... the best deal would have been $656.70. I came up with $1,717.00 out of pocket plus plates. Are they charging $500 for plates in New Jersey? Maybe they over charged you on the bank fee or some kind of dealer fee... You did well though!
  • bknycbknyc Posts: 57
    Thanks-
    Don't know the line item breakdown on the $2200- They also included winter mats.
  • You should be getting $675.41 per month with $1,540.97 out of pocket plus plates or $612.34 per month with $2,782.18 out of pocket plus plates... That's without loyalty, conquest cash or fleet allowances. Do you have a Mercedes now? Who do you work for? What are you currently driving? These questions could save you more money!
  • Hi Car Man, I have a few questions. Lease deal for 2011 E350 sedan.
    MSRP $54,715
    Sale price $51,800 plus $995 acquisition fee and $495 doc fee and $20 license fee for $52, 795 cap cost.
    10,000 miles
    36 months
    Residual $33376 (.61)
    Money Factor .00280

    Upfront charge of $570 and 1st payment of $804 = $1374

    Payment $804 (781 +23 tax)

    Is that the best money factor and residual available? I have excellent credit.

    How are people getting the deals for $670?

    Thanks so much!!!

    Thanks!
  • New 2011 MERCEDES BENZ E CLASS E350W4 4dr Sdn E350 Sport 4MATIC

    State: NY County: NEW YORK CITY
    Lease Term: 36
    Total Payment: 655.00
    Out of Pocket: 5,135.36
    MSRP: 54,715.00
    Residual: 33,376.15
    Mileage: 10,000

    Amount Due at Signing

    1st Month Payment 655.00
    Security Deposits 0.00
    Acquisition Fee 795.00
    Fees & Insurance 748.00 (DMV Fee & Dealer Doc Fee)
    Upfront Taxes 2,287.36
    Cap Reduction (Cash) 0.00
    Total Inception Fees 4,485.36

    Your residual is right but your money factor is off. Its a .00240

    If you went with 24 months payment goes down to: $625 a month.
  • Hi needhelp27. The easiest way to tell how good a deal this is is to look at this car's selling price in relation to its MSRP. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them.

    The easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Let us know what this car's MSRP and selling price are and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks so much Car Man and Deals.
    MSRP is $54,715 Sale Price is $51,800. (I will ask for a sale price of $51,300 since he said his price was $300 above invoice.)
    The quoted money factor is .0028.
    No cap reduction.
    An upfront charge of $570. (not sure what this is, maybe doc fee$499, plates$20)?
    Acquisition fee $995.
    10,000 miles
    36 months
    Appreciate any help.
    Why would my money factor be .0028 when MB is offering .0024 and my credit is exceptional?
  • They are marking up the money factor. The old standard rate was a .00280 but was recently reduced to .00240.

    They are also marking up the bank fee. Mercedes charges 795.
  • Thankz dealz! So they can make money on the money factor. I thought that was just a set amount from the bank and did not know they could make money on it. Naive of me,I guess!
    I am coming up with a figure of $730 plus $22 tax using the .0024 money factor and a $51246 sale price. Sound about right?
    Would also like to get floor mats and the Maintenance Plan for that. Is that reasonable? Also thinking of waiting til December to see if the lease rate gets subsidized, think it will?
    Thanks again, I greatly appreciate all help and explanations!
  • A few questions. Sorry if they are basic!

    2011 Mercedes E350

    MSRP is $54,715 Sale Price is $51,800. (I will ask for a sale price of $51,300 since he said his price was $300 above invoice.)
    The quoted money factor is .0028.
    No cap reduction.
    An upfront charge of $570. (not sure what this is, maybe doc fee$499, plates$20)?
    Acquisition fee $995.
    10,000 miles
    36 months
    Excellent credit.

    So, dealz said the money factor should be .0024. Is this negotiable? Will it decrease in December?

    Why is the money factor on a c300 .00116? Can I negotiate this rate for the E350?

    I am coming up with a figure of $730 plus $22 tax using the .0024 money factor and a $51246 sale price. Is this correct? Is this a good deal?

    Do you think I can get car mats and the maintenance plan thrown in for that amount?

    Thanks Car Man!
  • What state are you going to register the car in?
  • Hello MB Lease Experts,

    Currently leasing a C class that is due to finish in 3 months. Dealer is giving me option to early termination of the lease if I lease another MB.

    The MSRP is 57495 with cap cost reduction by 8K.
    Money factor is 0.00240
    Residual is 70%
    For 24 months/15K lease is 650 incl. Tax
    For 24 months/12K lease is 625 incl. Tax
    Initial payment is 2200 (First month payment + Regd Fee + Acq. Fee + Doc + Tax).

    What do you think about this deal?

    Thanks in advance.
  • Hello mbslsamg

    This looks to be a great deal. Which dealer is this quote from. I am also looking for a 24 month Lease for a E350 in bay area, CA this is by far the lowest payment anyone has told me on this car.

    Thanks in advance.
This discussion has been closed.