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Mercedes-Benz E-Class Lease Questions

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Comments

  • kopierkopier Posts: 7
    I was under the impression base on on your original post that the 53k was the price before the cap cost reduction - anyway the 3k down does not all go to the cap cost - you have first months payment 599 you have the doc fee 795 and license 600 and state fee (small amount) - so 2k of the 3k is used for those fees and 1k is used towards cap cost - I think this is a good deal - what dealer in SoCal?
  • jkang1jkang1 Posts: 7
    Thanks a lot, kopier.
    I am not good at calculating the lease payment, but your statement made me understand easily how the discount, rebate and my payment roll into the monthly payment. So the selling price would be $53500("all that said and done it looks like a $6000 discount on the car plus the holdback and rebate" by kopier)? Wow.
    I really appreciate your comment. Based upon your thoughts, my deal looks great and I will take no later than next week. Maybe push a little bit for free first maintenance?
  • jkang1jkang1 Posts: 7
    Seems like high to me.. Push more discount on the car like $4000. Don't take the free maintenance program as long as it is free or minimal costs. Most of parts are under warranty(even changing bulbs). I paid around $800 during 3 year of my lease for maintenance. Look at my post. I am getting a new lease deal now, and the car seems similar to yours including terms.
  • Looking for the MF and Residual on a 36-month lease of a 2014 E350 Sedan 4Matic with 10,000 miles per year. I am signing on the 15th.

    Thanks in advance!
  • donno2011donno2011 Posts: 9
    In SoCal, dealer in Buena Park, salesman AA (our 4th from him). MSRP $59,625, sell $53,112. Polar/Silk, Pano, AMG Wheels, split fold rear seats, spoiler, flat bottom steering wheel, comfort box. 36/15k/$2500 drive off, including lease return protection plan and maint plan, $709/mo inc tax. Residual 58%, $795 acquisition fee. MF (backed into given other known values) .00162.

    Salesman AA carries clout to get deals done. As time marches on better deals will be had, but given the model just arrived, it's pretty good. Everyone's situation is different. The miles on my '11 E350 were reaching penalty phase, as well as tires and brakes were due shortly, so I offset the upcoming maint cost and excess mileage cost (why put that money into a car that's gone in the very near future?) against the new car.

    Also, unlike other MB dealers in Orange County, this dealer does not grind the customer into submission, spending hours haggling every $3.00 increment. They will send quote via email and work the deal over the phone which is convenient for busy people.

    I personally prefer rewarding the dealer that quotes the best price as well as those who are honest thru the entire transaction, and ESPECIALLY those who quote via email. I don't like dealers who turn what should be an easy transaction into an epic event, requiring your physical presence to be sequestered in a confined cubicle, and I never use a lower quote from one dealer to get a car at another who originally wanted to play games in the first place.

    For those who search inventory online, this dealer's website has the best detail because it shows the options on the car, unlike many other dealer sites which proved frustrating. That info was very helpful to find the car I wanted without having to sit on the phone, or drive all over SoCal.

    Hope this helps.
  • ponytrekkerponytrekker Posts: 284
    >>I personally prefer rewarding the dealer that quotes the best price as well as those who are honest thru the entire transaction, and ESPECIALLY those who quote via email. I don't like dealers who turn what should be an easy transaction into an epic event, requiring your physical presence to be sequestered in a confined cubicle, and I never use a lower quote from one dealer to get a car at another who originally wanted to play games in the first place.

    This.
  • strohldestrohlde Posts: 5
    edited June 2013
    Never leased anything before but tempted too.

    Wife stopped in at a dealer yesterday and this is where we're at

    2013 E350 Sport 4matic with P1 - Demo with 8k miles
    10k is either done or will be done
    MSRP: 59,865
    Discount: 9897.66
    Sale Price: 49,967.34

    $2995 down + first month and some taxes

    27 months, 10k miles/yr
    mf = .00127
    residual: 40,320.45
    monthly payments: $422.12 + tax

    This seem reasonable? As said...never leased before, but based on depreciation + mf payment puts me at $357....question is how close should we push to get to that? My wife said they were done dealing with her at present.

    I am a USAA member...does that give me any more benefit on a lease deal?

    Thanks for any feedback
  • The following is what I have deduced from the lease offer on MBUSA.com, no guarantees that these are correct. I am putting them here for anyone who might be looking for them.

    Mercedes-Benz Financial's June buy rate lease money factor for a 36-month lease of a 2014 E350 Sedan 4Matic is 0.00148 for consumers who qualify for its top credit tier.

    Residuals are
    62 % for 10,000 miles per year
    61 % for 12,000 miles per year
    59 % for 15,000 miles per year
  • a1s1a1a1s1a1 Posts: 20
    I have also never leased a vehicle until about 3 weeks ago when I leased this car. MB E 350 4 matic Sport with 18 inch AMG wheels, 2013 Model Year
    Pallidium Silver
    Options: P1 package
    Additional options: rear spoiler
    push start button/keyless entry
    split folding seats
    comfort box in the trunk
    chrome door handle inserts
    Dealer installed option: 3M clear bra on hood, rear view mirrors and door edge
    MSRP: 61256. Selling price 52256
    0 down lease for 27 moths 12K/year= 600/month
    I have put down 5000 upfront which brought the lease payment down to 411/month. I added 2 service prepayments in the lease.
    Total out the door price 423/month 12K/year for 27 months.
    Buy end option price at the end of the lease 42K
    Dunno about USAA member discount. Hope it helps. Good Luck!
    BTW I love this car. John
  • a1s1a1a1s1a1 Posts: 20
    Strohlde

    Forgot to mention that my car had less than 100 miles. Given your situation of a demo car with slightly less options and the fact that 2014 model year is out in abundance I would suggest to try for more like 12-15K/yr lease with 2 services included in the lease price for 0 down 422/month.
    John
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go jtravers. Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 36-month lease of a 2014 E350 Sport 4Matic with 12,000 miles per year are .00137 and 61% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ankurchopra87. Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 36-month lease of a 2014 E350 Sedan 4Matic with 10,000 miles per year are .00137 and 62% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ineedacar5ineedacar5 Posts: 16
    What do you think of this deal? I feel like it is still too high, but I have never negotiated an E550 before.

    Car: 2013 E550 4-matic
    Retail: $72,840
    Sale Price: $62,840
    Residual:
    63%
    .00205

    Lease includes, tax and maintenance with 15k miles per year
    24 Month lease:
    0 down: $1,041 per month
    1k down: $997.50
    2K down: $954

    30 month lease:
    0 down: $954.08
    1k down: 918.87
    2k down 883.66

    36 month lease
    0 down: $874.49
    1k down: $844.81
    2k down: $815.13

    Thoughts? Also, every $1,000 off equates to about $50.00 off your monthly lease amount...correct?

    Thanks in advance.
  • Hi ineedacar5,
    Given that the 2014's are now available, I suspect that you could push for an additional discount on the final sales price.

    Additionally, I would recommend not putting any money down. Rather, you should take those moneys and consider MSD's and autopay to 'buy down' the MF as this will naturally reduce your monthly lease, and you get the MSD's back at the end of the lease term. My two rupees.

    Cheers!
  • ineedacar5ineedacar5 Posts: 16
    Does the MF and residual look accurate? I am new to leasing, so it is a little overwhelming.
  • Hi ineedacar5,

    Carman would be your most accurate source for the base rate MF and RV. I had heard that the buy rate MF for 2013 E550 has been raised to 0.00205. Two other alternatives on triangulating MF could be as follows,

    1. Call several other MB dealerships and ask them for the MF's for top tier credit on an 2013 E550. Hopefully, you will get equivalent MF's, so you will be able to triangulate.
    2. Check ridewithg.com as sometimes he posts the MF

    In regards to the RV, I have a hard time believing that the 63% RV is identical for 24, 30, and 36 mo leases. MB has sometimes offered a pull ahead program where they extend the RV for leases of 3 additional months (i.e., same RV for 24 months applied to 27 mo).

    Don't be discouraged. Leasing is not that daunting. Once you understand the math and key variables, you are in a powerful negotiating position.

    Cheers!
  • ghstudioghstudio Posts: 947
    edited June 2013
    Please keep checking in here for leasing tips and advice BEFORE you sign anything. For example, if you are paying the full mf, then you can take advantage of multiple security deposits....info on that is in this thread...or ask. Also, you want to include mercedes basic maintenance in your lease payments because it may cost far less than if you wait and pay as you go. More on that too, if you need it. Make no "capital cost reduction" up front...use the money for multiple security deposits. Note: your salesman will probably have no clue what multiple security deposits are or why they are a good deal....make him read the mercedes financing manual.

    residuals you have are absolutely wrong...
  • ineedacar5ineedacar5 Posts: 16
    Thanks for the tips. Where can I find accurate residuals, especially for an 2013 E550?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ineedacar5. I believe that Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36-month lease of a 2013 E550 4Matic with 15,000 miles per year are .00205 and 58% for consumers who qualify for its Tier 1 credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ineedacar5ineedacar5 Posts: 16
    Taxes included in your monthly payment?
  • What is the Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 36-month lease of a 2014 E350 Sedan with 15,000 miles per year, for consumers who qualify for its top credit tier?
  • ineedacar5ineedacar5 Posts: 16
    What about a 24 or 27 month lease?
  • well, I hate reading these boards...I remember when I leased a 2010 e350 coupe for $650 and paying close to $6K upfront. (had poor credit at the time though).

    I took it to car max at the end of the lease and they basically said there was a $6K difference between what I could get for it and the price Mercedes is charging me to buy it out. SMH
  • jgoal55jgoal55 Posts: 10
    Hi Carman,

    Could you tell me the June buy rate lease money factors and residuals for an E350 Sport Sedan, 36 months, 18,000 miles for consumers who qualify for its top credit tier? I've been reading through this board but have only found 15,000 mile leases so far.

    Also, do options (like the premium 1 package for example) affect residuals and MF's? If so, these are the specs of the car I'm looking to lease...

    Base MSRP: $51,900
    Dark Grey Sport Interior: $1,620
    Premium 1 package: $3,870
    Driver Asst Package: $2,800
    Wood/Leather Steering Wheel: $590
    Panorama Sunroof: $1,090

    Thanks so much for all the information you share with us. I really appreciate it.
  • valleyguy408valleyguy408 Posts: 70
    edited June 2013
    Hi jgoal55,

    All options are residualized, and MF is the same regardless of extra option son a specific platform model. MF can be different between engine types and styles, but not usually for adding p1 or keyless-go, etc.

    The scam of the century is MB Financial Services actually residualizes service contracts!!!!

    Prepaid service is at a discount and with MBFS residualizing a $619 2 year service plan, means you are actually paying only fraction of the cost for service. If your residual is 69% you actually pay $192 dollars for all service for the term of the lease. This example was for a 24 month 10k mi leae, but they also offer longer time periods with more mileage.

    Once the dealer said service plans were residualized, only an idiot would pay out of pocket for maintenance on a lease and not include a service plan.

    -Valley Guy
  • jgoal55jgoal55 Posts: 10
    edited June 2013
    Wow, really? That's odd. I wonder why they would do that? Not knowing that, I would have never considered the service contract. Thanks for the heads up and I'll be sure to ask them that!

    And thanks for the clarification on the options.
  • strohldestrohlde Posts: 5
    ya. this was my first lease and I was rather confused when I was closing it out and they told me the prepaid service was residualized. Makes no sense - the car and options sure - I'm giving those back. But the service is done when I use it. But whatever...it's their system.
  • jgoal55jgoal55 Posts: 10
    "Hi Carman,

    Could you tell me the June buy rate lease money factors and residuals for an E350 Sport Sedan, 36 months, 18,000 miles for consumers who qualify for its top credit tier? I've been reading through this board but have only found 15,000 mile leases so far.

    Also, do options (like the premium 1 package for example) affect residuals and MF's? If so, these are the specs of the car I'm looking to lease...

    Base MSRP: $51,900
    Dark Grey Sport Interior: $1,620
    Premium 1 package: $3,870
    Driver Asst Package: $2,800
    Wood/Leather Steering Wheel: $590
    Panorama Sunroof: $1,090

    Thanks so much for all the information you share with us. I really appreciate it."

    Wow. Time flies! I didn't realize how close we were to July when I posted this. Not sure when the July rates are published but can you please post July rates when you get a chance. Thank you!
  • Wondering what the new lease programs are for the 2014 E350 Sport? We're looking for whatever the "sweet spot" is for lease duration with 12k miles per year. What are the Money Factor and Residual Values for July?

    Also, any idea the amount of Mercedes Dealer Holdback and other hidden profits? In New England, they're hitting us for a $700 marketing charge on top. Is this ever negotiable?

    Thanks!
  • riloh05riloh05 Posts: 15
    what is the July residual and money factor on 10k/12k year and 27/36 month lease. Thanks.
This discussion has been closed.