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Mercedes-Benz E-Class Lease Questions

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Comments

  • robertw477robertw477 Posts: 179
    edited December 2012
    Its just rolled up into the total payment/deal. Same with me. That is why when people start throwing around residual numbers and money factor numbers that is not something I get involved in. I know the car has a strong residual for the 24 month lease. Then I compare like cars. If dealer 1 tells me approx $800 a month (plus bank fee etc) and car brokers has the SAME car P1/P2 etc for 475, then I go with the lower cost. Now I use this thinking on a lease. Peole that buy cars get scammed when they are buying on "what the payment is" This is a different sort of transaction. Car dealers can stretch loans and all sorts of tricks. That is why a novice buyer comes in and the dealer says how much of a payment do you want.

    Robert
  • I have never heard a MF as low as 0.00041. The lowest posted on the board which I remember was 0.0011. Unbeliveable with such high residual and discount. How much monthly payment did you end up assuming that you only paid for bank fee and 1st month?
  • sergeymsergeym Posts: 262
    You are absolutely right. The only thing that matters on a lease is the monthly payment. Initial OOP expense should be limited to the first month payment amount only if at all possible.
    The only purpose residual and MF serve is to let you find out what a good monthly payment is. Comparing two or more offers may not be sufficient. All offers you get can be bad. You need to be able to calculate the good monthly payment using MF, residual, MSRP and sale price.
  • ariazariaz Posts: 32
    It maybe true that a savvy customer can negotiate a better deal but you need competing dealers to achieve that.
    My area has 3 dealerships under the same ownership, so when you visit 1 they put your name in the computer and you go visit the other dealership they already you have been to the other dealership and price quoted.
    The car I got E350, The dealership wanted to charge me almost 200 more with 1000 down.
    So if you are in an area which has competition, you might be able to negotiate a better deal.
  • ariazariaz Posts: 32
    All I paid upfront was the tax. So if the broker added $750 to the monthly payment, I am still paying much less what the dealer wanted to charge me with $1000 down.
    I am going to pay my own registration, because the broker wanted $400 for this services but I can get it done under $100.
  • Hello bass fisher,
    Can I ask what the total capitalization cost was, the monthly payment and total cash outlay on the 2013 E350 4 matic?
    Thanks
  • My car came from a dealer a few hundred miles away. They swap cars. I did not have to pay any transport fee. I never found any car broker who wanted money up front. The brokers get some sort of volume fleet rate. As far as I know they make money if they can move alot of cars and create happy return customers who will come back every few years and reccommend them to their friends as well.
  • Brokers do not get any special pricing. On average when i do a broker deal, the dealership pays the broker anywhere from $500 to $1500 depending on what price or payment the broker closed the customer at. If there was no charge for shipping rest assured that it was set up in the deal. You paid for these things through the selling price of the car. I pass on "broker" pricing to all my clients.
  • ariazariaz Posts: 32
    Just one question, if the brokers do not get special prices, than why is it they are much cheaper than a dealer. and why is it that the dealers would not even come close to that price
    I have been reading postings on this forum and the prices paid by the members of this forum to dealers are much higher than what ROBERTW477 posted from both his brokers?
    I can understand if the prices paid by couple of the members are higher. But the fact is that if you take a look at the dealer quotes and prices paid by members to dealers are much higher than what Robert quoted.
    Could be that CA has more competition and that is the reason for cheaper dealer quotes. Or maybe you are just a good at heart Dealer!!
  • ariazariaz Posts: 32
    There are some who wants a fee upfront.
  • ajkajk Posts: 13
    I just bought a new E350 in the NJ/NY area and I can tell you that there is no need to get a broker if you are willing to do the legwork and your own negotiating.

    The car's msrp was 60,845 and it ended up costing me 51,250 with 3yr maintenance included. I could have jumped last minute to another dealer for slightly less, but the guy I was dealing with was very accommodating from the start and I wanted to buy it from him.

    The NY area has a lot of competition just like in southern CA, so it is much easier to get a good deal if you are willing to make the effort.
  • Robert,
    which State are you in? does the $468 includes taxes? Do you know what was the purchase price?
    I am looking at the E350 Sedan, the MSRP was 56,800. I got $450+tax with $1500 down.
  • MSRP: 61,475; Cap Cost 52,976. (4matic, sport, amg wheels, lane assist, spoiler, p1, split rear seat). This was pretty much invoice, minus 4k, minus doc fee.
    24 mo,10k.
    MF at 0.00121, residual 72%.
    Due at signing: $2,100 ($795 acquisition, $500 doc fee (which I had backed out of the cap cost because they never take it off the form); first month lease payment, plus title, plate transfer).
    Monthly $575, tax included.

    If I had accepted a color on the lot and skipped the 2 yr maintenance, I could have done this deal at $520. I was too busy to press the 2 yr maintenance and wanted my color and options--which were not at the dealer--, so ended up paying an extra $55 month, which is too much for locating and transporting a car from another dealer and the 2 yr maintenance, but it is a better deal than what I had. In other words, you might be able to do $50 dollars better with more patience (as evidenced by some of the quotes in the 400's). My lease is a little over mileage, and they are waiving mileage fees, which I understand is pretty standard if you are rolling into a new MB lease. That being said, picking up a new car avoids a whole range of wear and tear items and maintenance that were coming up soon. Good luck.
  • My car was 65560, cap cost was 57910, I did a 1 time pay of 13800 for a 24 month lease. Which is basically 575/month. This is the first time I did a lease like this it would have cost me almost 2700 more todo regular payments.
  • alanek1alanek1 Posts: 4
    edited December 2012
    was that a 4-Matic? I was told by a dealer in NJ there are no deals on the 4-matic coupe, too rare. Can you say what dealer it was?Give more of a breakdown and options? Even with monthly payments he was in the 8's

    TIA
    Alan
  • ariazariaz Posts: 32
    Like you said, there is lot of competition in NY.
    In an area with competition you are able to negotiate because the dealers are competing for your business. In my previous post I said in my area there are 3 MB dealers, which are owned by the same ownership, so there is no competition and there prices are some of the highest.
  • Based on what you noted "brokers do not get special pricing" I disagree with you for this reason. None of the dealers here will give any pricing on this car anywhere close to the prices I was quoted from two different brokers. Even my higher cost broker was well under what any dealer in this area would be willing to do. If I walked in with a cashiers check for the car as priced by the brokers, they would refuse it and show me the door. Remember the dealer is getting "the same deal" either way. If the brokers can give me the car at a far lower price than the dealership, then they are getting a price I cannot. And I am only interested in my actual bottom line cost. I dont care about paperwork fees, aquisition fees etc. Of course I assume its worked in. But when you lok at the featured TV MB deal for the C250 you will see what appears to be a fair cost, with a huge cap cost reduction and all those additional 550+795 piled on making the price of that car the same as my E350.
  • I would also like the name of your broker. Can you name his company? You can email me his info.
  • ariazariaz Posts: 32
    Rob, please email me I need to ask you something.
    Thanks.
  • rastmrastm Posts: 8
    2013 e350 4matic
    p1 package
    Wheel upgrade
    Rear entertainment
    Msrp 63800
    -$4000 winter event
    -$5000 negotiation

    $650/no.. zero down
    12k/mil 2years

    Did msd x 9 to drop monthly payment by $32/mo equating to about $800 savings over the lease period. BTW this also includes service for the two years.
  • I just saw your message. How to I email you.

    Rob
  • Rob,
    I really need your help. Can I email you and ask you a few questions regarding a lease for a 2013 E350 Coupe? If so, what is your email. I am trying to take advantage of the winter event with 4,000 cash incentive. Thanks in advance for your time and help...your posts have been very informative and helpful to me :o)
    ~Carrie
  • pete96pete96 Posts: 13
    Looking for 2013 E350 , premier package 1, double sunroof,free maintance, zero down, 2 year lease. i been seeing deals in the mid $600's a month
    What are the lease prices? I'm returning my e350 2010 benz. \

    Thanks

    P.s
  • pete96pete96 Posts: 13
    Looking for 2013 E350 , premier package 1, double sunroof,free maintance, zero down, 2 year lease. i been seeing deals in the mid $600's a month
    What are the lease prices? I'm returning my e350 2010 benz. \

    Thanks

    P.S- What's out there like loyalty programs and other incentives for benz owners.
  • pete96pete96 Posts: 13
    Hi robertw
    Can you give me the name of your dealer or salesperson, I'm also looking on 2013 e350 lease, returning back my 2010 lease. Thank You.
  • pete96pete96 Posts: 13
    Hi
    can you e-mail me the dealer and salesman for this deal. It actualy very good, considering what I heard. Thanks alot.

    2013 e350 4matic
    p1 package
    Wheel upgrade
    Rear entertainment
    Msrp 63800
    -$4000 winter event
    -$5000 negotiation

    $650/no.. zero down
    12k/mil 2years
  • 1985mb1985mb Posts: 54
    Any mention of a broker should also specify what bank or financial services company will be underwriting your lease...that way consumers can research what to expect at lease-end, e.g. disposition fees and wear/tear charges, over mileage, etc.
  • Just deal with Mercedes Benz Financial which is going to be the best structured deal pricewise anyway. I have not seen any brokers underwriting with anyone other than MB Financial. Funny you should note that. I dont think a single person here has dealt with any other underwriter.
  • MB E 350 4Matic
    P1 Package
    AMG Sport Package
    MSRP 59,125
    Selling Price 50,871
    24 Month Lease
    10K Mile/year

    Price 532/Month

    1st Month, DMV, Doc Fee due at signing which came out to about 930. Ended up going through a lease broker. Lease was through Mercedes. Love the new car :P
  • sarrsarr Posts: 5
    Which lease broker did you use?
This discussion has been closed.