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Mercedes-Benz E-Class Lease Questions

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  • mariasmarias Posts: 9
    What are the MF and Residual on a 2012 E350 convertible, MSRP is $72,205. With USAA incentive I am getting it for $500 below invoice.

    $5,000 down ($1095 acquisition fee, $589 bank fee, first months payment and $2,000 cash cap reduction)

    Salesman says I am Tier1a for MB financing.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited July 2011
    Hi rawbomb. This looks like a pretty good deal to me. I personally wouldn't have any problem with paying $464 for this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nacho2. I believe that Mercedes is pushing 33 month leases on this car right now.

    The advocacy program that you mentioned provides Mercedes dealers with a limited number of certificates that they can use to sweeten deals. I believe that the exact allowance provided through this program on the E350 sedan is $1,900.

    $9,500 off of MSRP is a pretty aggressive price, but give it a shot you don't have anything to lose by trying.

    Mercedes-Benz Financial's current 36 month buy rate lease money factor and residual value for the 2011 E350 Sedan 4Matic with 10,000 miles per year are 54% and whatever MBF's standard money factor is in your area...likely around .00240 for Tier 1 customers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello bderush. I need to double check how MB's 33 month lease program works, it's an unusual term, but I believe that this car's zero down, pre-tax monthly payment would be around $517 for a 33 month, 10k lease.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Wow, $500 under invoice is a great selling price for a car that just came out. I'll have to see if I can find out what this car's residual value is for you, but I know that Mercedes is not providing any lease support on it yet. As a result, if you were to lease one through Mercedes-Benz Financial right now, you would have to use its standard lease program. I believe that its standard money factors vary by region, but should be around .00240 for consumers who qualify for its Tier 1 credit tier.

    BTW, the acquisition fee that you mentioned is being marked up. Mercedes-Benz Financial's base fee is only $795. Furthermore, the terms "bank fee" and "acquisition fee" are synonyms. The $589 may be some sort of doc fee that the dealer is trying to pad your deal with as well. If so, these two items put your car's selling price at essentially $389 over invoice rather than $500 under...which is still a good price.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • bderushbderush Posts: 17
    Carman,

    I received this offer today-

    E350 56495 Sticker

    $48495 Selling Prices

    33 Months 65% residual

    000.240 Money Factor

    Payment came out to 561 plus tax w 2283 drive off

    What am I missing here?
  • hsg123hsg123 Posts: 2
    So what is the autopay MF? I've seen anywhere from .002-.0023 on this forum. Local dealership told me .0023, but I've seen lower on this forum. Is it regional? Any help is much appreciated.
  • nacho2nacho2 Posts: 82
    Thank you very much for your help, my father passed on the car I may get an e350 now in los angeles. Thank you.
  • nacho2nacho2 Posts: 82
    Rawbomb,where are you located?
  • shawn757shawn757 Posts: 115
    Just signed A E350 bluetec including the conquest $4000 $10000 off of MSRP.
    $62335 msrp
    $52335 SELLING PRICE
    0.00230 AUTOPAY
    $494.00 A MONTH including tax for 24 month 15K miles a year.

    Payment went up to $520 as I rolled in the mantainance on the payment. The autopay is 0.00200 another dealer told me. But this dealer insisted that it's 0.00230. I don't know who is correct. He said Mb WILL adjust it to 0.002 if they made a mistake. I don't know if there is any truth to that. Anyway it's great on millage I got 33.7 mpg for 65 miles. I hope it will be better later when the engine is fully broken in
  • seankseank Posts: 3
    Carman,

    I have a written proposal as follows on an E350, P1, sedan:

    24 mos/20k lease
    Msrp 57,515
    Invoice: 53,550

    Cap cost: 49,850
    Mf: .00250
    Payment: 819
    Drive away: 2,293.70

    Does all of this seem like a deal to do?

    Many thanks
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,919
    Great monthly payment! How much due at signing?

    Moderator - Prices Paid, Lease Questions, SUVs

  • nacho2nacho2 Posts: 82
    Shawn, congrats on the car :shades: . How much did you put down on the lease? I reside in Los Angeles. Thank you.
  • shawn757shawn757 Posts: 115
    Minimum drive off of $1828.14. $795 bank fee, dmv, first month payment and other fees.
  • shawn757shawn757 Posts: 115
    I am sure any dealer can give you a deal other than Fletcher Jones. They are dishonest. Tried to tell me the conquest cash is $2000 when it's $4000. I told the MB told me it's $4000 and tey even tried to tell me that representative is mistaken. Allthe other dealers I dealt with was honest about the $4000. Fletcher Jones finaally told me that they earned their conquest coupons by being a volume dealer and they don't want to give it away like that. Then why do they say MB was mistaken? Worst dealership I have ever dealt with.
  • That is a great deal Shawn757! Where are you located? Could you share the name of the dealership?
  • spuri1spuri1 Posts: 3
    Hey All,

    I have used the Edmunds forums quite a few times in the past and find it very informative and helpful. So i wanted to post the lease deal i just got this past weekend.

    2011 E350 - Black on black(MB Tex) with Premium 1 package and Parktronic

    MSRP: 55,925
    Selling Price: 48,190

    Down payment: $3500 (Had equity in my leased Audi so i sold it to Carmax - $2300 +1200 out of pocket)

    Terms: 24 mo with 7500 miles per year (I put very little miles on my cars per year)

    Monthly payment: $509 (including taxes)

    Got the deal from Mercedes Benz Torrance. Mercedes Benz Laguna Niguel was willing to the same deal. Torrance was around the corner from me so i went there. Both sales people were excellent. Email me if you want to know sales person names.

    Hope this helps! Bob
  • nacho2nacho2 Posts: 82
    Hello Shawn,
    Thanks for the information and guidance. Much appreciated. Will check out the car this weekend. Again, congrats on your new vehicle. :shades:
  • shawn757shawn757 Posts: 115
    I am in LA county. The dealership is House of imports. They did not have the car but got the car from another dealer and still gave me $10K off. I can also recommend encino and South bay even though South bay said that they ran out of the conquest coupons for July and backed out of the deal.
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