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Mercedes-Benz E-Class Lease Questions

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  • The quote was for the car we drove, not a Bluetec (as this dealer didn't have any). It included the conquest money... and the 33 month term is the best for the E350 4Matic

    But, that was just their offer... we aren't in the market for that car (due to the lease price), so I didn't ask them to structure it exactly the way I want.. That's just their initial quote... Selling price was about $2700 off MSRP..

    We just wasted their time, because the closest dealer with a diesel is 2 hours away... ;)

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  • ..included 3-year scheduled maintenance, as well...

    Moderator - Prices Paid, Lease Questions, SUVs

  • If it's a 2011 they'd drop the price quite a bit more. I understand you want the BT, but just as a reference point I got the 4matic, almost exact MSRP as the one you drove for under $500/month before tax on a 33 month/12k lease w/o cap reduction. Selling price with conquest was 10k off MSRP. Took pretty hard-nosed bargaining, but $9k off would have been a walk in the park.

    Now if they only had the BT with 4matic I'd be in hog heaven!
  • This dealer sold their demo while we were there, and only had two E350 4Matics left.. Maybe, if they still have the car at the end of the month.. but, doubt they would knock off that much, right now.. The 2012 E-Class aren't even on the lot, yet...

    I really think I've got a better shot at the diesel, and might be able to do $500/mo. on that one, with no CAP reduction... just MSDs....

    Plus, while the car is very nice, it's not exactly our style... 24 months might be long enough.. ;)

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited October 2011
    Hi gator5000e. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 36-month lease of a 2012 E350 Coupe with 10,000 miles per year are .00162 and 60%, respectively for consumers who qualify for its "Tier 1" credit tier.

    The numbers for an otherwise identical 24-month lease are .00162 and 70%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hello kball2. Mercedes-Benz Financial's October buy rate lease money factor and residual value for a 24-month lease of a 2011 E350 Sedan 4Matic with 10,000 miles per year are .00192 and 70%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Kyfdx's correct, the 2012s do indeed have $2,000 conquest cash available on them right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gocard1gocard1 Posts: 16
    Thanks to all who are so helpful on this forum. I have a few questions on various topics I have read -- instead of having a really long e-mail (!), I'm going to break them up by subject matter.

    I've read about the multiple security deposits reducing the money factor on the lease and that you can have up to 10 of them.

    1.What is the reduction per security deposit individually and in the aggregate if you use 10 of them?

    2. Is the amount of the security deposit the monthly payment plus tax. If not, what is it?

    3. I think I've also read that you also earn 5% interest on the mutliple security deposits. Is that correct? Or is it simply that you get a better money factor so it works out to a 5% return?

    Appreciate the input!
  • gocard1gocard1 Posts: 16
    I most recently drove a Porsche, which I returned off of lease at the end of July. I have been driving our 3rd car, a '99 E430 since then.

    1. Would I be able to qualify for Conquest given that the former car was a Porsche but it was returned 3 months ago?

    2. Would I be entitled to a Loyalty bonus for the '99 E 430 or is it too old to qualify?

    3. What are the Conquest bonus and Loyalty bonus for a 2012 E 350 Cabriolet?

    4. If you qualify for either or both of these bonuses, can they be used with anything else or if you use them, are you ineligible for other bonuses and incentives.
  • gocard1gocard1 Posts: 16
    Does one have to be in the military/military-related to join USAA and get the incentive? Can non-military affiliated folks do so?

    I understand that the USAA Incentive can only be used by itself and not with other incentives. Is that correct?

    What is the incentive for a 2012 E 350 Cabriolet.

    Thanks!
  • ghstudioghstudio Posts: 920
    1) each security deposit lowers your mf by .00007 and you can have up to 10 security deposits

    2) It is either your monthly payment including tax after the MF is adjusted for MSD's (this is what my dealer insisted was right) or, the correct way to do it is apparently to calculate the monthly payment without MSD's, round that number up to the nearest $50 and that's the amount of each security payment (I am told this is what is in the mercedes finance manual). I can't tell you what your dealer will do...most have no idea about Multiple Security Deposits at all. It's a good deal either way.

    3) You earn closer to 10%/yr on the money that you put into MSD's and that is due to the lower monthly payments. You don't actually get interest on that money.
  • ghstudioghstudio Posts: 920
    Conquest qualification is a mystery. You dont sign anything that says you own a competitive car and they don't require a copy of the registration from that car. It appears (at least at my dealer) to be something done on faith.

    Also on stacking bonuses, dealers seem to do different things. My only advice is to try to get every one of them. I am pretty sure they won't stack conquest and USAA, but the rest seem to be fair game depending on the dealer.
  • For Conquest, all my dealer required was an insurance card with a BMW, Porsche, Lexus, etc. listed - that's it (no registration or anything), so my insurance agent agreed to give me a 1-day binder for a BMW (used a friend's VIN #). I just took that to dealer and qualified for $4,000 credit.

    Bottom-Line: anyone can get the Conquest credit.
  • ghstudioghstudio Posts: 920
    That was very clever :)
  • Salesperson e-mailed me... Selling price is a whopping $900 off MSRP (minus the $4000 conquest money) :surprise:

    Pretty forthcoming on the itemized lease parameters... Came in around $585/mo. and that didn't include tax..... which I didn't realize until I did the calculations..

    I replied that we were about $2600 apart... and, your number doesn't include tax, right?.. His next reply, "Is the inclusion of tax the only thing keeping us from a deal" :surprise:

    Uh no.... the tax I can deal with... it's the $2600!! LOL

    Moderator - Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 920
    Do they really think that customers are that dumb? I think you should post the dealership name, city and state and then tell them to look at this forum :)
  • Well... to be fair, this salesperson doesn't do his own deals... he just takes the numbers to a manager, who spits them back..

    And, we've never stepped foot in his dealership. If we were within $500-$1000, I might just head up there and attempt to close the deal. (I don't mind getting dirty...lol).

    But, to tell you the truth, my wife isn't enthusiastic about getting a Mercedes.... she is worried about what the neighbors might say.. Plus, it's a bigger car than she is used to..

    If I can get it for $500/mo. including tax, with just 1st payment and MSDs, I'll get it... but, nothing more..

    I've got nothing bad to say about the dealership... it's only about 10% of dealers that will do a deal as described here.... I only tried the closest one with a diesel.. If my wife were stuck on the car, I'd start shopping the next three or four closest that had a diesel... but, she isn't..

    Moderator - Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 920
    Don't buy a car your wife doesn't want to drive....big big mistake. However, you should be able to lease a 2011 BlueTec with P1/P2 for 24mos 12K/year for under $500/month....using MSD's and no down payment, as you want.....and don't forget to include mercedes maintenance in that lease.
  • Thanks for the advice..

    Just got another email....

    They've dropped from $587+ tax ($622 total) to $556 including tax... That includes maintenance .. That's about $525/mo. + tax.. That's about $1250 more to get down to the magic $500/mo. number with tax included...

    But, your biggest piece of advice was about the wife... Did I tell you about the BMW Z4 that I leased on Labor Day weekend? 24mo./20K lease... $335/mo. with $335 + $2450 MSDs due at signing... Service loaner with 11K miles... original MSRP $55K.. :surprise:

    My wife loved it so much, that now her friend is driving it... just waiting for BMWFS to get the title, so I can transfer the lease.... :(

    She is very reticent about the Mercedes.... but, seems to be on board with an Infiniti G37X.. we'll see...

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • ghstudioghstudio Posts: 920
    I've driven the G37 as a loaner while they were working on my M37....it's a fun car...very peppy, nicely finished....you won't go too far wrong with it. BTW, Infiniti MSD's are worth .0001 each which is much better than Mercedes...but the limit is 7.

    Stay away from the M37 though....I bought myself out of that lease because I considered the car unsafe in some situations.
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