Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Mercedes-Benz E-Class Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
Got a dealer down to:
$0 down
$589 including taxes
Can I do better or pull the trigger???
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!
-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
You want a high residual.... because, it results in a lower payment.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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?
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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!)
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
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.
The deal you got sounds great. I was wondering where u purchased the car n name of the sales person.
Thanks
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
Host
Prices Paid: Buying & Leasing Experiences Forum
I used a money factor of .00134 and a residual value of 57% to calculate these payments.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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.
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.
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.
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
$5,000 down ($1095 acquisition fee, $589 bank fee, first months payment and $2,000 cash cap reduction)
Salesman says I am Tier1a for MB financing.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The advocacy program that you mentioned provides Mercedes dealers with a limited number of certificates that they can use to sweeten deals. I believe that the exact allowance provided through this program on the E350 sedan is $1,900.
$9,500 off of MSRP is a pretty aggressive price, but give it a shot you don't have anything to lose by trying.
Mercedes-Benz Financial's current 36 month buy rate lease money factor and residual value for the 2011 E350 Sedan 4Matic with 10,000 miles per year are 54% and whatever MBF's standard money factor is in your area...likely around .00240 for Tier 1 customers.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
BTW, the acquisition fee that you mentioned is being marked up. Mercedes-Benz Financial's base fee is only $795. Furthermore, the terms "bank fee" and "acquisition fee" are synonyms. The $589 may be some sort of doc fee that the dealer is trying to pad your deal with as well. If so, these two items put your car's selling price at essentially $389 over invoice rather than $500 under...which is still a good price.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I received this offer today-
E350 56495 Sticker
$48495 Selling Prices
33 Months 65% residual
000.240 Money Factor
Payment came out to 561 plus tax w 2283 drive off
What am I missing here?
$62335 msrp
$52335 SELLING PRICE
0.00230 AUTOPAY
$494.00 A MONTH including tax for 24 month 15K miles a year.
Payment went up to $520 as I rolled in the mantainance on the payment. The autopay is 0.00200 another dealer told me. But this dealer insisted that it's 0.00230. I don't know who is correct. He said Mb WILL adjust it to 0.002 if they made a mistake. I don't know if there is any truth to that. Anyway it's great on millage I got 33.7 mpg for 65 miles. I hope it will be better later when the engine is fully broken in
I have a written proposal as follows on an E350, P1, sedan:
24 mos/20k lease
Msrp 57,515
Invoice: 53,550
Cap cost: 49,850
Mf: .00250
Payment: 819
Drive away: 2,293.70
Does all of this seem like a deal to do?
Many thanks
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I have used the Edmunds forums quite a few times in the past and find it very informative and helpful. So i wanted to post the lease deal i just got this past weekend.
2011 E350 - Black on black(MB Tex) with Premium 1 package and Parktronic
MSRP: 55,925
Selling Price: 48,190
Down payment: $3500 (Had equity in my leased Audi so i sold it to Carmax - $2300 +1200 out of pocket)
Terms: 24 mo with 7500 miles per year (I put very little miles on my cars per year)
Monthly payment: $509 (including taxes)
Got the deal from Mercedes Benz Torrance. Mercedes Benz Laguna Niguel was willing to the same deal. Torrance was around the corner from me so i went there. Both sales people were excellent. Email me if you want to know sales person names.
Hope this helps! Bob
Thanks for the information and guidance. Much appreciated. Will check out the car this weekend. Again, congrats on your new vehicle. :shades:
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for your help.
Thanks