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Mercedes-Benz E-Class Lease Questions

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  • dl8468dl8468 Posts: 2
    2011 E350 Black/Black P1 Package, AMG, and Panoramic for a 33 month lease and 10k per year.

    Got a dealer down to:

    $0 down
    $589 including taxes

    Can I do better or pull the trigger???
  • Hi Carman,
    Can you please provide the base rate MF and RV for both 2011 E350 and 2011 E350 4MATIC under the following lease scenarios?

    1. 36 months, 10K miles per year
    2. 36 months, 12K miles per year

    And as an existing Mercedes owner, are there any incentives (e.g., loyalty cash, Conquest cash, etc.) being offered?

    Cheers!
  • zep4zep4 Posts: 1
    2011 E350W new lease : ASKING FOR $548 + tax
    -MSRP: 56025
    - Selling price: 48391 + 499(doc fee) + 1095(acquisition fee) = 49985.00
    - Down: 3500
    - Residual: 0.65%
    - MF: 0.00265
    - 33 months with 12K miles/year

    Friends what am I missing here, why is the residual so high and what is the typical residual for this.
    - is the residual calculated on the MSRP or the selling price.
    This deal shows that the 3 year buying price would be 58K..

    Help and suggestions
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    Residual is calculated on MSRP..

    You want a high residual.... because, it results in a lower payment.

    Moderator - Prices Paid, Lease Questions, SUVs

  • shawn757shawn757 Posts: 115
    I am not sure about the 33 month residual I am sure it's correct since the dealer can't mark it up or down. The mF is marked up. It should be .00240 or 0.00200 for super tier auto pay. It could be lower but I don't know. Anyway thats what was told to me by the dealer. $1095(acquisition fee) is marked up by $300.499(doc fee) seems high also.
  • gpd219gpd219 Posts: 3
    This is what I just got...

    MSRP 57,515
    Sale 50,450
    33 months 12K miles
    $580.00

    Residual 65% MF .0021

    Out of pocket:
    VA Tax 1611
    1st month 580
    Doc Fee 385
    Aquisition 795
    Registration 62

    Any thoughts?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go shawn757. Mercedes-Benz Financial's June residual value for a 24 month lease of a 2011 E350 Bluetec with 15,000 miles per year is 75%. Its 36 month residual value is 61%. Its 42 month residual is 58%.

    Mercedes is not currently providing any lease money factor support on this car. As a result, if you were to lease this car through Mercedes-Benz Financial right now, you would have to use its standard lease money factors. These factors vary by region, but they should be around .00250 for consumers who qualify for its Tier 1 credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi wmdeck. Mercedes-Benz Financial's June residual value for a 36 month lease of a 2011 E350 4Matic Sedan with 15,000 miles per year is 56%.

    I don't believe that MB Finance is currently providing any lease money factor support on this car. As a result, if you were to lease one through it right now you would have to use its standard lease money factors. These factors vary by region. the last time that I checked, its standard factor for Tier 1 customers was around .00250.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello dewarsandsoda. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2011 E350 Sedan with 12,000 miles per year are .00240 and 58%, respectively for consumers who qualify for its Tier 1 credit tier.

    The numbers for an otherwise identical lease of an '11 E350 4Matic are the same.

    If you were to lease with only 10,000 miles per year these residual values would be 1% higher.

    In addition to $1,500 loyalty cash, Mercedes is providing dealers with a certain number of special certificates that are worth thousands in additional discounts on this car.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mankumanku Posts: 33
    Mostly true...however, if you comparing cars, you always want the lowest money factor (interest rate) possible.

    For example, I was comparing the A4 Avant vs. 328xi wagon...while the payments were very similar, the bmw had a much higher residual/money factor vs audi lower residual/interest rate. Same monthly for similar MSRP.

    If you keep the cars till maturity, they are a wash...however, if you want to get rid of the car earlier, then the lower residual works much better.

    Also, I always advocate ZERO drive off leases...reason being, if your car is stolen/totaled in the first month (or even year), you won't be out registration/aquistion fee/down payment...even first payment. Worth it to pay a few bucks extra interest, IMO. As an example, you drive off lot and car is stolen. With ZERO drive off, you are only out your insurance deductible. With money down, you are out that (for CA driver, first month/registration/aquisition = $1500+for any luxury car minimum) PLUS deductible. Heck, if you drive your car for 30 days, gets totaled, and your deductible is $500, you might even MAKE money! (though of course your premiums will increase!)
  • davejhdavejh Posts: 5
    Hi Carman:

    Besides the Conquest of $4000 on the 2011 E class, what are the other less commonly known incentives that I might be missing. Customer Advocacy Program for $2600? $1500 certificates? $1500 Loyalty rebates? Can they all be combined? Are any one of them expired already? Please correct me if the information I got is wrong.

    Also, what is the residual on a E350 with a 12000 miles per year lease for 33 months?

    Thank You,
    Dave
  • drejw2drejw2 Posts: 1
    I am returning my 2009 clk 350 leased car and picking up a E350 convertible. After research, I found out I am looking for something around $57,500. The car I am returning qualifies for early return and has only 20K miles on it and residual is $30K. Just in case I don't get a good deal I am tempted to just purchase it.
    What will my monthly payment be for a 10K, 36 months lease?
    How do you calculate residual and what is the money factor on it?
    Thank you for your help.
  • luvmbluvmb Posts: 1
    Hi shaggykenobi

    The deal you got sounds great. I was wondering where u purchased the car n name of the sales person.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Dave. I believe that the Customer Advocacy allowance on the E350 is currently $1,900. As you mentioned the loyalty cash is $1,500. I'm not sure if these offers can be combined, but I suspect that they can be.

    Mercedes-Benz Financial's residual value for a 30 month lease of a 2011 E350 Sedan with 12,000 miles per year is 65%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi drejw2. This car's monthly payment will depend upon what its selling price is. A 36-month, 10,000 mile per year lease on a 2011 E350 Convertible that has an MSRP of $57,500 would be $779 before tax with a $1,000 discount. This would drop to $750 with a $2,000 discount and $721 with a $3,000 discount.

    I used a money factor of .00134 and a residual value of 57% to calculate these payments.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • rawbombrawbomb Posts: 13
    Hi Carman
    I was just offered an e350 sedan premium 1 at an msrp of 54,995. The selling price they offered me was 46,709 with a monthly payment of 464 plus tax at 33 months. Is this a good deal or should i hold out for more? They are giving me the 4k conquest from owning a bmw.
  • That looks like a pretty good deal. However, what is your mileage per year and how much are they requiring out of pocket? Also, what state?
  • rawbombrawbomb Posts: 13
    1k out of pocket and 10k miles per year.

    Car_man could you provide me with the mf and residual on this term. I was given a residual of 66% but don't have the money factor.
  • nacho2nacho2 Posts: 82
    Carman,
    I am in Syracuse NY. I want to lease an 2011 e350 4matic with MSRP $58,390 & just the minimum drive off with 10k per year for my father. I don't know what is the best term to lease the car is it 33 months? What is the CSR advocacy program? I have an Infiniti vehicle now. What is the residual and money factor to use on the e350 4matic? Is it realistic to shoot for $9500 off MSRP? Thank you very much for your help. :)
  • bderushbderush Posts: 17
    Carman,

    I was wondering if you could tell me what the lease payment should be on an E350 with the following -

    E350 P2 Pkg

    MSRP 57450

    Selling Price $48,150

    33 Months, 10k miles

    Base Money Factor

    Let me know if you need more details
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