Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

Mercedes-Benz E-Class Lease Questions

1…2324262829…65

Comments

  • bknycbknyc Member Posts: 61
    Don't have a deal yet- Just starting looking again- Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi luxauto. Mercedes just introduced its new May lease program today. Mercedes still isn't providing any lease support on the 2010 E350 Coupe. As a result, if you were to lease one through Mercedes-Benz Financial, you would have to use its standard lease program. MB Finance's current 36 month, 15,000 mile per year residual value for the 2010 E350 Coupe is 55%.

    I believe that its standard lease money factor varies by region, but it is probably around .00280 give or take a few tenths in your area right now for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi surge352. Mercedes-Benz just introduced its May lease program today. It still is not providing any lease support on the E-Class Coupes.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • arcnyc3amarcnyc3am Member Posts: 8
    Car_man
    Can you please provide May's lease program for 2010 e350 4 matic sedan. I am looking to lease the car for 39 months and with 10 miles/year

    Thank Arc
  • surge352surge352 Member Posts: 7
    I noticed... I guess I'll just wait till next month as I think they are way overpriced...

    Thanks for the info..
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi arcnyc3am. Mercedes-Benz Financial's May buy rate lease money factor and residual value for a 39 month lease of a 2010 E350 4Matic Sedan with 10,000 miles per year are .00220 and 57%, respectively.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem surge352.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • alanek1alanek1 Member Posts: 33
    Can you give me the lease numbers on a 2010 E350 4matic P1 with a selling price of $51,572 and a MSRP of $55,925, 39 mos 12,000 miles. No down payment. In NJ

    Does that sound like a good price? Just started looking.
  • surge352surge352 Member Posts: 7
    Can you please explain this a bit more?
  • aceusmleaceusmle Member Posts: 28
    Hello everyone:

    Can you please help me with some information?

    2010 E350 Sport Sedan
    Expected Lease Date: May, 2010
    Location: Northern CA (Santa Clara County)
    • Base MSRP: 48,600
    • Additional Costs (Metallic Paint – Leather Seats – Premium 2 Package – Parktronic with Parking Guidance): 9,610
    • Transportation Charge: 875
    Total MSRP (as built on mbusa.com): 59,085
    Invoice (as per edmunds.com): 55,012

    • What’s considered a good Negotiated Price?
    • Is the Acquisition Fee for CA fixed at 1,095?
    • If I finance my lease with Mercedes-Benz Financial is an Acquisition Fee of 795 the lowest possible?
    • What is the Residual Value?
    • What is the Money Factor?
    • Using Multiple Security Deposits what is the lowest Money Factor possible?
    • Would a 39-month lease term be a better deal?
    • Which provide a better discount; AAA or Costco?

    Thank you everyone ... this is such a great resource!
  • aceusmleaceusmle Member Posts: 28
    Outie: Congrats! That seems to be an excellent deal ... good job!

    Was this deal on a 36-month term? What annual mileage is included?
  • turquoisetrlturquoisetrl Member Posts: 3
    I am interested in taking over a lease, 2009 E350 sport package, 29000 miles & 24 month remaining (36 month & 36000 allowed). The effective monthly payment is $570/month. This will be my first MB lease, please let me know if this is a good deal. Thanks.
  • crestonavecrestonave Member Posts: 209
    The car has 29000 miles on it with 24 months left to go? No wonder the current lesee is trying to get out of the lease! You're allowed 36000 miles over 36 months. This leaves you with 7000 miles or 3500 a year. Do you drive that little?
  • turquoisetrlturquoisetrl Member Posts: 3
    Sorry didn't make it clear - the car has 7000 miles on it, with 29000 miles remaining for 24 month (1300 miles /month). Thanks.
  • ob995ob995 Member Posts: 40
    Carman any idea on the lease programs for the E-Class Convertibles yet? The residual and money factors? Thanks a lot
  • icb2779icb2779 Member Posts: 25
    edited May 2010
    Current money factor on E350 convertible in .00395 and Residual value is 57% for 36 months 15,000 miles per year. Add two points for 12,000 per year and 3 points for 10,000 per year and 4 points for 7,500 miles per year.

    Same money factor on the E550 convertible of .00395 and Residual value is 55% for 36 months 15,000 miles per year. Add two points for 12,000 miles per year, add 3 points for 10,000 miles per year and 4 points for 7,500 miles per year.
  • ob995ob995 Member Posts: 40
    Thanks a lot for the info
  • aceusmleaceusmle Member Posts: 28
    Hello,
    For a 36-month lease and 10,000 annual mileage ... does anyone know the residual value and money factor for a 2010 E350 Sport Sedan RWD?
    Thanks.
  • icb2779icb2779 Member Posts: 25
    2010 E350 Sport Sedan RWD Residual Value for 36 months is 57% and has a buy rate on the money factor of .00220

    Hope this helps.

    Good Luck :)
  • aceusmleaceusmle Member Posts: 28
    Thank you very much icb2779. Very helpful information! I appreciate it.
  • vanessa700830vanessa700830 Member Posts: 3
    Hi I was wondering if i was offered a good deal. the dealership told me that they don't have that many E550 coupe in stock ( i called around and most of the dealership only has 1 or 2) and therefore they can't give me a good offer

    msrp: $57,975
    sale price: $51,281
    cap cost: $53,771
    downpayment: $2500
    Month payment: $845
    MF:0.002875
    Residual value: 51%
    39 months (with the option to return 6 months prior to that). 10k miles per year
  • icb2779icb2779 Member Posts: 25
    None of your numbers seem to be correct. The money factor and residual value are both too low. No leasing company gives you an option at the end of a lease to just get out 6 months early. Are you looking for just a base E550 coupe? The M.S.R.P. seems low like it doesn't really have any options...... What area of the U.S.A. are you shopping in? :confuse:
  • boomboom4boomboom4 Member Posts: 10
    Here is the lease deal I was offered by MB of St Clair Shores. Thanks to christiands for the referral. Ken is no longer there but the general manager, Darryl, is a straight up, honest guy who really wants to make this work.

    MSRP 57395
    cap cost 53000
    cap cost red 2000-lease loyalty
    adj cap cost 51000
    residual 32715 - 57%
    money factor .0021
    term 39 months
    tax 6% 638.96+38.34=677.30

    mf reduced by .001 because of auto pay
    cannot do multiple security deposits with subvented rate -std rate is .0028

    What do you think? I'm going to let him know tomorrow. Thanks.
  • ob995ob995 Member Posts: 40
    edited May 2010
    MSRP $76925
    Paid $75425

    I got $1500 off of MSRP on a Black/Black P2/Appearance package, rear deck spoiler, wood trim, premium leather, Mbrace, and rear side airbags.

    I bought the car cash as leases and fiance rates were a total joke. The lease worked out to $1631 after tax in Ca and MBUSA has the nerve to try and charge 6.9% for 36 months on a car loan.

    The salesman told me they got 2 cars in beside the one I ordered and both of the other buyers backed out of the deal because the lease terms were so high compared to CLK as they are almost 2x as much for a comparable E-Class Cab to CLK Cab which is why I was able to get the dealer to discount the car 24 hours after they received it as I threaten to walk as well.

    I have a felling if my dealer experience is any indication then MBUSA is pricing them selfs out of the market or going to have a hard time moving these cars as 350 are leasing for just over $1300 in Ca after tax. And a Bentley continental leases for just under $2k a month after tax in CA and that car is worth almost 50% more.
  • christiandschristiands Member Posts: 36
    Sorry to hear about Ken; this must have been a recent change. I can't comment on your deal (although it seems reasonable to me except no USAA discount), but if you have not been assigned a sales person yet, I have dealt with Matt T on several occasions at this dealer. The mgmt does seem to be superior at this dealer and if you request to have Matt T finish your deal that should yield a very fair amount of professionalism and follow up. Good luck.
  • foursquaredfoursquared Member Posts: 1
    car man, kyfdx any idea what mf, rv is on e350 4matic May lease? looking for information on both 36 & 39 month as well as 10,000 & 12,000 per year. Thanks this is great information you do a great job, much appreciated!
  • icb2779icb2779 Member Posts: 25
    Money Factor of .00220 is the same for 36 and 39 months for the E350W4. Residual is 56% for 12,000 miles per year and 57% for 10,000 miles per year for both 36 and 39 months.
  • aceusmleaceusmle Member Posts: 28
    Hi,
    Does anyone know the money factor for a Single Payment lease on a 2010 E350 Sport Sedan RWD. The lease term is 36-month, and mileage is 15K/year. Can this money factor be discounted further my Multiple Security Deposits?
  • aceusmleaceusmle Member Posts: 28
    The car I wanted to lease was delivered from the port to the dealership yesterday and I was supposed to pick it up today ... but the dealership called me and said during the post delivery checkup they discovered that the tire pressure monitoring system was defective and they need to order parts from the headquarters in New Jersey ... and the process should take 3 days! Should I ignore this issue and get the car anyway? Is there a way to know if a band new car needed repair right off of the delivery truck? Please comment ...
  • icb2779icb2779 Member Posts: 25
    When you do a single pay lease with Mercedes Benz Financial on a 36 month term the money factor drops .00100 points. The minimum money factor on a single pay lease through MBF is .00150 unless the special rate is already lower. The current money factor for 36 months on the E350W is .00220 - on a single pay it becomes .00150 - only saving .00070 of the available amount allowed - so your buying the rate down 1.68%. Do you think it makes sense......... laying out about $30,000 to save 1.68% for 36 months. :confuse:
  • ob995ob995 Member Posts: 40
    The big problem with single pay leases is if your car is totaled or stolen you are out the money. You insurance will pay Mercedes Benz based on the pay off of the car and you will get nothing, no refund on your payments nor will the amount of your payment be applied towards a new lease.

    So say if that happened after 3 months you really end up taking a bath. That is also why many people say putting down a large cap reduction at the start of a leases is not advisable either. MB includes free gap insurance with all their leases.
  • icb2779icb2779 Member Posts: 25
    Sometimes it happens where there is a minor defect in the parts. Think of how many cars they must produce every day at the factory. The only thing I would be concerned about is whether or not its the tire pressure monitoring system that is the problem. Most dealers will substitute the real problem with something that can be told to the customer to make him believe its a minor issue. Or there could have been a minor fender bender. When you go to pick up the car, before you sign papers, ask to see the history of the service report stating the tire pressure monitoring system was repaired. All warranty work done at a Mercedes Benz Dealers has to be in the service history. If thats what the problem was and its on the service history report, I would take the car! Hope this helps........ ;)
  • kyfdxkyfdx Moderator Posts: 236,681
    I'm not sure how MB Finance works, but I know with other companies, this isn't the case..

    Instead of treating the pre-paid lease as a large CAP reduction, if the lease terminates early (involuntarily), the lease payments are pro-rated to that point, and there is a pro-rated refund of the pre-paid lease payment..

    At that point, the lease works like a conventional lease, and GAP kicks in for any shortfall.

    regards,
    kyfdx

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ob995ob995 Member Posts: 40
    kyfdx you could be right honestly, I was given the above info by the dealer when I end up buying my new E-Class cab on Sat as I asked if I pre-paid the lease would it much cheaper than doing a normal lease as the normal lease payment in my opinion was a total joke. The residual is not so bad but the money factor is outranges and I thought by pre-paying the lease I would get a significant discount on the money factor. That is when he bought up the situation about if my car was totaled or stolen I would be out all of my pre-payment amount because he thought it would be treated as a cap reduction.

    This info came from the fiance manager and not mercedes benz financial so he could be totally wrong or maybe he know the pre-payment option was not going to be a good option or I was not going to like that payment either so said that just to save time as he never even bothered to quote a lease payment even on the pre-paid option.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Vanessa. The dealer that you're working with is not being entirely truthful with you about your lease term. While it's true that right now Mercedes-Benz E-Class lessees are able to get out of their leases up to five months early at no cost to them if they lease a new Mercedes, there is absolutely no guarantee that it will be offering a similar program when you approach the scheduled end of your lease three years from now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • surge352surge352 Member Posts: 7
    I'm ready to pull the trigger on a coupe lease.... I went in last month and started talks with the dealer... Should I go back in this weekend and pull the trigger or should I wait to see what the rates next month look like?

    Thanks..
  • ob995ob995 Member Posts: 40
    The Coupe lease rates are 0.00280, the rates can not get any worse, with the cab out I assume demand for the Coupe will continue to get softer going forward which will add extra pressure on MB to offer a more competitive rate.
  • surge352surge352 Member Posts: 7
    Ok... went in this afternoon... They offered me on a p1 black on black E350 coupe - MSRP 54,325 - 2520 ("discount") = sale price of 51,805

    36/10k

    They want 4k out of pocket - monthly payment would be $840 w/tax.. I'm in S. Fla my tax is 6.5%..

    I still think this is high for a car priced this much. I have a 335 coupe that the sale price was about the same and I pay $700/month.

    Is this the best deal on a coupe right now?
  • playamdxplayamdx Member Posts: 7
    Hey guys I was able to get the lease 2 years ago for an E350 P2, Sports Package, I put 1150 down and am paying $470 per month incl CA tax. 27 months with total mileage of 22,500

    I have 4 payments left and I am looking to either purchase this car or lease another 2010 E350 P2 package with the panoramic roof.

    Is it possible to do a similar lease for 36 or 39 months for the same monthly payment?

    what would it take to get a deal like this done down payment wise, Residual, etc..?

    I appreciate the help fellas!
  • surge352surge352 Member Posts: 7
    @playamdx-

    Your not even close to what your going to be paying for that car... your looking at double of what you are currently paying now and you will have to come out of pocket WAY more...
  • aceusmleaceusmle Member Posts: 28
    edited May 2010
    Car: 2010 E350 Sport Sedan RWD
    Lease term: 39-month
    Mileage: 15K/year

    I have been told at a dealership that the MBF special (subventionary) rate for May is 0.00220 which cannot be bought down by multiple security deposits (MSDs) ... but the standard rate of 0.00280 can be bought down to 0.00210 by 10 security deposits. I was actually presented with a MBF document showing that MSDs cannot be used to buy down the special rate. How are folks getting the 0.00180 rate this month? Please share your thoughts...
  • arcnyc3amarcnyc3am Member Posts: 8
    If you are interested in leasing 2010 E350 Sedan, I got the following deal in NY

    E350 4 matic sedan
    Steel Grey on Ash black interior
    P2
    Pano
    Parktronic
    Wheel Pkge
    Sport Pckge

    MSRP: $61,815
    Selling Price: 57,450
    Out of pocket: $3,870 (includes TTL + DMV + Fees + 1st Pmt + Cap Cost)
    Monthly after tax: $788
    12K miles per year
    39 month
    standard MF: 0.00220
  • ob995ob995 Member Posts: 40
    aceusmle, Do not want to upset you but if you owned a Mercedes before you bought this one, you got taken because if you read this board, why would anyone care the price you paid when Costco negotiated price, which any smuck can get because joining Costco is as easy as walking in and paying $50, is $56869 plus if you are a returning MBF customer you can get an extra $2k off the Costco price which mean the net price would be $54869 or almost $3k less than you paid which equals about $100 per month on your less payment. To get that price, you are not even required to negotiate at all. People on here have reported being able to get dealers to even beat the Costco price, so you left plenty of money on the table.

    Again not trying to upset you at all, but considering you read this board not sure why you would think you got a good deal as you over paid at least $1k or more depending if you had a previous mercedes or not.
  • needhelp27needhelp27 Member Posts: 9
    Hi

    I am new to this leasing game. I just accepted an offer from an MB dealership in Bayside, Queens, NYC on an E350 2010 new MB luxuary sedan. The agent told me that the price with a P1 package (navigation, etc) is $53,000. Since, I wanted my monthly payment to be below 500, he told me to put down $13,000 (thirteen thousand) due on signing. Then the monthly is 481. The tax in NYC is 8.875%. Have I been badly siwndeled? Please let me know, b/c he's holding my info. I am yet to sign on the deal b/c of the Memorial day weekend. PLEASE HELP if you can. I went through the other posts here, but the calculations with MFs eludes me a bit.
    If not, then can somone recommend a MB dealership in NYC?
  • crestonavecrestonave Member Posts: 209
    You don't say what the MSRP is. Is $53K the selling price? How many months? How many miles are included?

    I personally would NEVER put money down on a lease, especially $13000. As I understand it, should the car be stolen or totaled, you're out that money - it's not covered by insurance.

    Sounds like you have some more work to do here, including getting a better understanding of the lease process. Good luck.
  • ob995ob995 Member Posts: 40
    edited May 2010
    Needhelp27 do you live in zipcode 11360? Queens NYC? What is exactly on your car? A E350 Luxury Sedan with just P1 package has an MSRP of $53,425. Are you a Costco Member? Silver Star, Rallye and Mercedes Benz of Manhattan are all listed as participating dealers in Costco program. The costco negotiated price at those 3 dealers for an E350 Luxury Sedan with P1 is $48,615. If you are a returning MBF customers ie, currently have a lease or loan via Mercedes Benz Financial then you get an extra $2k off that price.

    Assuming you are not a returning MBF customer and you did the 39 month lease which is currently the special and you have good credit you payment including tax for 15k miles per year should be around $692.84 per month and your drive off would only be registration, first month lease and bank fee. If you were to do 12K miles per year your lease payment would be $644.17 including the same drive off, if you did a 10k miles per year lease the payment would be $617.28 with the same drive off and if you did a 7500 miles per year lease it would be $598.97 per month with the same drive off.

    Just so you know my drive off numbers should run about $2k or so maybe less depending on what your DMV fee's are in NYS. So the lease you were quoted is basically paying sticker for the car which is a joke, goto Costco if you do not have a costco membership and pay $50 which will end up saving you $5K on your car purchase.

    Also all my above numbers are based on the assumption the car we are talking about is an E350 with p1 package only, if your car is more equipped then all the numbers I quoted above are wrong, but getting E-Class Sedan at dealer invoice is reasonable or even below dealer invoice.

    P.S. Just so you know putting down a $10k cap reduction reduces the payments by about $300 per month from the above prices.
  • needhelp27needhelp27 Member Posts: 9
    Thank you both so much. I am very grateful to you both. I am very confused. And really need advice. Below I furnish more info. I am sorry, I didn't realize that I needed to provide all this.

    I live in zip code 11423 in Queens. I was looking at E350 2010 with a 39 month lease and 7,500 miles per year.

    The car only had a P1 package, not a P2, no panoramic roof or parktronic assist, etc. The dealer made it sound like why to go for the P2 package? Everything was in the P1.

    The dealer said that the MSRP of the car was 56,000 and that he was giving it to me for 53,600. That was the best he could do. He even did the drama of calling his boss on the cell phone, etc and reduced 300 dollars.

    What is cap reduction? Does it mean, roughly, that I am putting money toward my lease and not as down-payment? I really need my monthly payment to be low, like around 300 would be SUPER! But 400-500 would be fine. I don't want it to above $500. My credit score is 680, but I am getting another family member with a higher credit score to be a co-signee.

    And how does the cap reduction work? What do I tell the sales agent? I will put down the roughly two to three thousand dollars of down payment, but then i want to put down a net ten thousand doallrs extra for cap reduction so that my monthly is low? Is that correct? Should I say that up-front to the sales rep? Or should I say that to the business manger?

    How do i ask for a costco negotiated price at Raylle MB? Do I simply walk in and show them my costco membership card? Can I become a gold member? or something else? Is this really true? OR some kinda gimmick? I mean, just b/c you spent 50 bucks, will it really result in a 5,000 dollar reduction? Also, does this Costco negotiated price change every month?

    Please take a moment and help me by answering whatever questions you can. i am aware that today is Memorial Day and you may not want to sit in front of the computer, but be with your family, but please look at it from my perspective: b/c of your kindness, I wil save a ton of money.

    Thank you kindly
  • ob995ob995 Member Posts: 40
    edited May 2010
    The Costco negotiated price is no gimmick, AAA also has a negotiated price as well but unfortunately I am in So Ca and I am unable to look up what the negotiated price for NY AAA. For AAA of So Cal, Costco has a better price by about $800. Basically what Costco does is tell dealer, here is the deal we want on X car, you are free to accept it the deal and participate in the program and many dealers choose to participate in the program for a few reasons, if they do not and other dealers do, they are going to loose tons of sales based on the fact Costco web page will display other dealers offering the deal, 2nd all cars have trunk money ie, the dealer pays X amount for the car and once they sell the car they are given a spiff or rebate after the fact. Also dealers make money off the financing, service contracts and dealer options and many times that money is more than they would make off the car itself. Also the more cars they sell per month, the more phantom cars they get, phantom cars are hot cars they can sell at close to MSRP so they have lots of money in them like currently E-Class Convertibles or SLR. So they are basically willing to sell cars which have weak demand for a low margin in hopes of getting more phantom cars which have huge profit. On an SLR their is about $50k profit in MSRP alone per car sold. Also Costco only has negotiated prices on cars which are not hot, their is no Costco discount on E-Class Convertibles or SLR either.

    Costco basically gives you fleet pricing in effect, it is no scam, I have bought a couple of cars via Costco program. It is very simple if you have a Costco card, goto costco.com and click car buying service, then it will ask you for Costco card, then you log in and pick the car you want with the options you want and enter your zip code it will display the price and the list of participating dealers near your zip code. It tells you to print the web page and bring your costco card and goto one of the participating dealers.

    I have no idea how to get to $56000 for a P1 car. If you add 4Matic and P1 only with metallic pant the car MSRP is $56,425 without metallic pant is $55,705. This is an exact science, If you are unable to provide complete and accurate info no one is going to be able to figure what the deal should be as depending on what car and options you get and amount of miles per year that can affect the residual or money factor.

    Costco negotiated price is invoice which on P1 car is just under $5k savings. So you should try to pay around $4.5k less than MSRP if you are not a costco member anyways as E-Class Sedan is not a hot car at all.

    With 7500 miles per year 39 month lease has a 59% residual. If you qualify for the best possible interest then the money factor should be 0.00220.

    The way a lease works is their is a depreciation part and interest rate. When you put down a large payment upfront it basically reduces the amount of money you are borrowing which saves you both principle and interest over the lease term hence the term cap reduction which is short for capital reduction. The depreciation is based on paying MSRP, so the bigger discount or more money you put down the less depreciation your lease payment will have over the lease term, also because you are paying less for the car, you are borrowing less money hence you are paying less interest each month in your payment as well. But if your car is stolen or totaled before the end of your lease, the money you put down is not returned to you or prorated for the remaining months left on your lease term which is why most people say it is a very bad idea to put down a large cap reduction. If you have $13k why not put $10k in the bank and withdraw $257 per month and apply it to your $500 monthly payment? You would end up paying about $45 per month more after tax but if your car is totaled or stolen before the end of your lease term you would have some money still left in the bank.
  • needhelp27needhelp27 Member Posts: 9
    edited May 2010
    Hi

    Thank you ever so much! God bless you for your help. And my apologies for no giving the EXACT prices.

    So here's the deal:

    model number : E350 W4

    MSRP: $56,500 for 4matic, P1- premium package, black exterior with black interior
    He reduced this to $53,600 with $4,321 out of pocket with $737 per month
    7,500 miles per year.

    The P1 premium package that was offered is: Luxury sedan, wood leather wheel

    COMAND with 40 Gbytes HA,
    i-pod/MP3 media interface cable,
    rear view camera,
    Comand with navigation and voice control,
    i-pod/MP3 media interface,
    Sirius satellite radio,
    Power rear window sunshade,
    Herman/Kardon sound system with Dolby 5.1,
    heated front seats

    And with $13,000 I would pay $481.30 per month.

    After 39 months, the car would be offered to to us for purchase for $32,000.

    Now I have given you everything. PLEase, PLEASE write back.

    Thank you.
  • ob995ob995 Member Posts: 40
    Sorry I Do not have all day to go back and forth with you but your numbers do not add up at all so either the dealer is screwing you or you are missing options.

    E-350 prices is following:

    Base $48600
    P1 package $3950
    Wood Steering Wheel $750
    Destination Charge $875

    Total $54175

    So no idea how the car has an MSRP of $56,500 but if you look at the MSRP window you should be able to get $4.5-5k off sticker.

    If the car is equipped like you claim it is and the MSRP is $54,175, with the costco discount the sales price should be $49,300. Doing a 39 month lease with 7500 miles per year assuming you can qualify for best money factor with a $10k cap reduction and $3k in drive off your lease payment after tax should be $376.11 per month. Every $1k dollars extra in the sales price should add approximately $20 to the lease payment per month.

    Putting such a large cap reduction is not advisable at all, if the car is totaled in an accident or stolen you will be out that money but you are free to do whatever you want.
This discussion has been closed.

Helpful Tools

Most popular vehicles