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Mercedes-Benz E-Class Lease Questions

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  • gc1278gc1278 Posts: 2
    I am planning to lease a MB E350 sports with P1 option. Can any one tell me what is the best leasing price for this car for 39 month or 48 month I need to have a base price so i will know how to negotiate with the dealer. tks
  • pursuitpursuit Posts: 5
    I would like to know what the july rates for a 2011 E550 sedan are. I am going to be leasing this car in about a month and trying to get info on what the lease should be. The msrp is about 70000. What would be a good deal for a 3yr/10k per year with minimal out of pocket,first month,acc.fee,reg, Thanks
  • ob995ob995 Posts: 40
    edited July 2010
    No one is going to know the lease rates for E-Class 2011 Sedan because they are not released yet and will not be released till some time in Aug or Sept, MBF does not release or let dealer know what programs will be offered on cars that are not out. For example E-Class Cab was released on May 10, 2010 and MBF did not release the programs on the E-Class cabs till May 7 2010. MBF could discontinue the current $2k loyalty promo, raise/lower the current residual, raise/lower the current MF or discontinue the current 39 month special using the same residual and money factor as 36 lease.

    More than likely the payment will not change much excluding special which they might discontinue. Worse case if they discontinue all the current factory to dealer incentives that could impact your monthly payment by about $200 per month assuming you qualified for the current $2k factory money for returning MBF customers.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, eclipse2.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi asolare1. Not surprisingly, Mercedes-Benz is not currently providing any lease support on the 2011 E550 Cabriolet. As a result, if you were to lease one through Mercedes-Benz Financial, you would have to use its standard lease money factors. The last time I checked, Mercedes-Benz Financial's buy rate lease money factor was .00280 for consumers who qualify for its top credit tier.

    Its current 36-month, 10,000 mile per year residual value is 58%.

    Mercedes charges a $795 acquisition fee on leases. The doc fee is between you and the dealer. Some dealers charge minuscule doc fees while others try to charge doc fees of hundreds of dollars.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi evjon. Mercedes-Benz Financial's July buy rate lease money factor and residual value for a 39 month lease of a 2010 E350 Sport Sedan with 15,000 miles per year are .00220 and 54%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi benz2779. Mercedes is indeed providing conquest cash on E Sedans in July. Specifically, it has $1,000 to current Audi, BMW, and Lexus owners.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pursuit. Even though this car is not available at dealers yet, Mercedes-Benz Financial does have a lease program on it. Not surprisingly, Mercedes is not yet providing any lease support on the 2011 E550 Sedan. As a result, if you were to lease one through Mercedes-Benz Financial, you would have to use its standard lease program. The last time I checked, its buy rate standard lease money factor was .00280 for consumers who qualify for its top credit tier. It could be slightly different than that now. I'll make some calls and see if I can get an update.

    MB Financial's current 36 month, 10,000 mile per year residual value for the '11 E550 Sedan is 58%.

    If you provide me with the full MSRP and the approximate selling price, or at least the MSRP and invoice price, of the exact car that you are interested in I would be happy to work up a sample lease payment on it for you.

    Car_man
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  • pursuitpursuit Posts: 5
    When I get the pricing on the 2011 model I will post that info. Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sounds good. Talk to you then.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • asolare1asolare1 Posts: 31
    Thanks very much. That is exactly what I was quoted and at least I now know the dealer wasn't marking it up.
  • awinnerawinner Posts: 22
    Please let me know if you feel there is any wiggle room on this deal
    E350
    black/black
    10,000 year
    prem pkg. 1
    39 months

    total drive off $1,900 and monthly is $639.97, taxes included!

    On top of that I have 7 months left on my MB lease with them, I know they forgive 5 months of payments and they factored in my last 2 payments of (643.00x2). I know there is a $2,000 loyalty for current MB clients. I am trying to get them to add chrome wheels and/or change the color of the car to steel grey, but they have informed me that they are only profiting about $208 on the deal...any thoughts or comments would be appreciated asap. Thanks.
  • hecarahecara Posts: 20
    I am confused as to how people on this forum are getting payments quoted of $600-700 for lease on an E350 coupe. I went to Mercedes Monday and was told I couldn't lease for less than $800 basically. I told the salesman about the quotes I have seen here and he basically told me people aren't telling the truth about the quotes they are getting. I don't buy that for a minute, so how are you getting these rates? Am I not negotiating properly? Even when I calculate the lease payment based on the info I get here, I come up with $800 or so. I was thinking people were putting money down, but in many cases they are not. I live in Texas. Should I get my car from another state?

    PLEASE HELP!!!
  • evjonevjon Posts: 5
    Just leased (7/10/2010) a 2010 E350 sport - P1, metallic paint, 15,000 miles/yr, 39 months. $3500 down, $562/month including 6% Florida sales tax. 3 months on remaining lease waived. And I am telling the truth. And the dealer will ship out of state.
  • buddyluv1buddyluv1 Posts: 9
    Hey Hecara,

    Can you please pass along the name of the dealership and name of person that you got this deal from? Would love to speak to them. Did you lease the sedan or the coupe?
  • awinnerawinner Posts: 22
    I am in the Los Angeles area and they are being really aggressive with prices...one dealership told me that the dealership who is quoting me the price made a mistake on the residual and that they don't believe I will get the car, and if i do...sign that contract and run! Another dealership was within $500 dollars of the total cost. The car has an MSRP of $53,425, the residual was 58%, based on 10k miles. Do you think there is any room to go lower than $639.97/month with $1900 drive off?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome asolare1.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • awinnerawinner Posts: 22
    I wanted to make a correction...the residual was 57%.....picked up the car yesterday...looks great!
  • alaronalaron Posts: 1
    I just wanted to thank Car_Man and everyone else her for the amazing amount of detailed information I have received prior to making my purchase. You guys are awesome!

    On that note, I am actually working with a dealership in Florida for a 2010 e350 coupe with 20100 miles on it. It is certified, has no P1 or P2 package and the current going rate is $45,582. Would you guys say that this is a fair deal? Should it be lower, and what would you say would be a good OTD price / monthly payment option?

    Thanks in advance for all your help!
  • hecarahecara Posts: 20
    Thanks for replying evjon!
    What was the residual and money factor used?
    What did the $3500 entail that you put down?
    Is the metallic paint the paint that costs extra or the standard one?

    I knew people on here were telling it like it was. There were too many people who were posting info that was drastically different from what I was told. Would you mind sending me the dealers info??

    Thanks again!
  • adeitzadeitz Posts: 2
    What dealer and who is the sales guy. Looking for the same deal except I want the P2 with AMG rims
  • adeitzadeitz Posts: 2
    Which dealer in Florida? Looking for BLK/TAN P2 AMG rims evrything else is the same.
  • pilldocpilldoc Posts: 6
    Will dealer give the same "off msrp" to prospective buyer or leasee? :)
  • jayrcruzjayrcruz Posts: 3
    edited July 2010
    I went to my local Mercedes dealership and i was quoted:

    10,000 miles/yr
    39 month lease

    $799 month (tax included)
    $2800 initial payment including everything (first month, title, doc etc.)
    The MSRP on everything is $64.015. I get the car for $56,000

    The options are:

    Black on Black MB tex
    Premium 1 and 2 packeges
    Amg 18'' Wheel Package including sport steering wheel.
    Chrome door handles
    Rear Deck Spoiler
    Parktronic with Parking Guidance
    Panorama Sunroof
    Drive Dynamic Multicontour Driver Seat
    Rear Seat Entertainment Sytem

    I just want to know if im getting a good deal and if i should pull the trigger. This is my first time leasing at mercedes benz. Thank you in advance.
  • 1003008gl1003008gl Posts: 11
    Car man:

    Please help. I was quoted a 2010 E550, MSRP 63175, 39 month lesae, 15000 miles/year, $2000 drive off, for $943.xx (taxes 9.25% included in Southern California). I think the dealer told me that he is giving me the car for $58175. Is this a fair deal or can I do better? My lease is up on my bmw this week and I have to make a decision in the next few days. Your help is greatly appreciated.

    Thanks
  • hecarahecara Posts: 20
    Hi buddyluv1,
    That wasn't my deal. Someone responded to my post. They included the info you wanted in another reply though.
  • hecarahecara Posts: 20
    Hi,
    I am going to the dealership tomorrow to talk numbers. I am interested in leasing an E350 coupe, P1 package, 12K miles, 36-42 months. Can someone PLEASE tell me the current money factor and residual? Also, what bottom line price should I look for as far as cost? I know its not the MSRP, so what is a good number? I have printed out the "what people are paying" with Edmunds. Is that the number to go with? Please help! I am leasing on my own so I need all the help I can get....
  • pilldocpilldoc Posts: 6
    2010 e350 sport sedn :shades: P2,amg wheel pkg,pano sunroof, Palladium metalic
    MSRP 58,295
    Neg cap cost 52,500(thank you costco)
    3250 down
    689+ tax 39 month lease
    probobly could have done a bit better, what u guys think?
  • jayrcruzjayrcruz Posts: 3
    hey which dealership did you get that deal from?
  • pilldocpilldoc Posts: 6
    mbz of foothill ranch, california
    ask for coscto fleet salesman his name is MOE(very nice guy)
    tell him Evan the pharmacist refered you
    and dont take his first offer neg a bit :-)
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