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Mercedes-Benz E-Class Lease Questions

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Comments

  • bgk99bgk99 Posts: 24
    This seems virtually impossible. You're talking about 80% residual and a 2.9% finance rate to get THIS price on a 50,000+ car.

    Now the 2006 has 5000.00 cash back incentive, so some deals ARE being made, but for the 2007?

    Something doesn't smell right here. Sorry.
  • shawn757shawn757 Posts: 115
    Hi,
    Sorry for not replying sooner I didn't get it yet. I live in claremont so didn't have time to go to buy the car after work. And this dealership is in South Bay. They have promised to give it at that price. So you think this price is not possible? Should I go and try my luck anyway?
  • Are you saying that there is $5000 incentive? Does this include the CDI? Also, does anyone have the current money factors for leases?
  • bgk99bgk99 Posts: 24
    This was e-mailed to me and I confirmed them when I went in to the dealership in Santa Monica, CA this evening.

    Also, I must take back what I wrote earlier. The dealer "claims" that the 5,000 dealer incentive is only for the R-350/500 (but a quick check on Edmunds shows 5K for the 2006 E-350) 3,000 applies to the ML -

    no dealer incentive on the 2007 or on any E-series. Hmmm.

    Residuals for the 2007 E-350

    24-27 months

    7,500 = 75%
    10k = 74%
    12k = 73%
    15k = 71%
    20k = 60%

    36-39 months

    7,500 = 63%
    10k = 61%
    12k = 60%
    15k = 58%
    20k = 53%

    Money Factors

    24-27 = .00245 (5.88)
    36-39 = .00210 (5.04)
  • bgk99bgk99 Posts: 24
    Okay, I've done the numbers a FEW times and there is no possible way this comes out to 699.00

    This is what YOU say:

    38,318 to buy the car at the end of the lease (71%)
    MF is 5.52%
    Tax (in California) is 8.25%

    If you SOMEHOW got the car for $50,000 then my calculation is $758.90

    Even at 49,000, which is is almost an unheard of 5,000 off of the sticker price, you STILL would be at 716.13

    Please tell us HOW you got this deal, because simple math just doesn't add up. I'll go lease one tomorrow.
  • mbbrooksmbbrooks Posts: 16
    I just got a 07 E350 with Sport and both Premium Packages for $632.00 a month with 15,000 miles a year for 39 months. I put down a total of $6,800 out which includes $1,800 in inception fees and the first month and $5,000 down.

    I'm told that this is a good deal but I only had quotes on BMW 530i's for comparison. Of course there really is no comparison which is why I went with the Merc. :)
  • lanewbielanewbie Posts: 25
    It's hard to say without some more detail. Two questions, and I can figure it out - one, did you get anything else besides the P2 package (which includes P1), such as metallic paint, leather seats, etc. In other words, what other options did you get if any? and two, does the $632 include tax, or no? Let me know and I'll tell you how good it was in my opinion.
  • this is the lease I got:

    07, E350 with Leather, matalic, Primium package 1 + sport package (free) for $54,155 (55,950 msrp)

    i put down $4500, about half goes to fees/1st month

    15k miles/yr, 27 months lease for $668+ tax.

    this is not a bad deal, what do you think?
  • aeggroupaeggroup Posts: 130
    Probably this is a good deal for 2007, but I'm very happy with mine 2006 4Matic With no money down for 656 a month including tax.

    Good luck.
  • lanewbielanewbie Posts: 25
    Looks like you got a fair lease price using the current MB top tier credit residual and money factor. Based on the info you gave, I figured it should be around $654, and you got $668, that's pretty darn close. However, you did not get a huge discount from the sticker price, and you probably could have gotten more in my opinion.
  • I have met with dealer and they have offered a 2006 E 350 at 10K off of sticker which seems like a very good price. Of course, they are trying to give me nothing on a tradein, but I can handle that portion. The final sales price would be 44,275. Can someone tell me what a good lease would be for 39 mos. at 12K per year assuming Tier I credit? There is 6.25 percent sales tax in my state. (what is money factor and residual) THANKS! :D
  • atkinsaatkinsa Posts: 3
    I am also looking in the Houston area for a lease on the same car with the P1. Have you received any numbers or other information in regards to the residual or money factor?
  • atkinsaatkinsa Posts: 3
    I am looking to lease a 2007 E350 this month or next and the MSRP is $54,000. I plan to negotiate that number. Are the residuals I have seen on this page correct for Aug 06? 15K=58% (residual) and a money factor of .00210 for a 39 mos lease? Are they getting any dealer cash back on these leases this month? The sales tax rate in Houston is 6.25% and if I put no money down what would my payments be if I have excellent credit? Is it reasonable to think I can negotiate the price down to $50,000? Options added are the cashmere leather and the split folding rear seats Premium 1. I know these are a lot of questions, but any info would be helpful.
  • shawn757shawn757 Posts: 115
    You are right bgk. I finnally managed to go there today to see if this was a scam or not. Their total drive off (with down payment) changed to $4000 instead of $2000 as initially said and the payment remained at the same monthly payment for 27 months with 15k. Is this a good deal still?
  • lanewbielanewbie Posts: 25
    Are the residuals I have seen on this page correct for Aug 06? 15K=58% (residual) and a money factor of .00210 for a 39 mos lease? Yes.

    Are they getting any dealer cash back on these leases this month? Not for 2007s. The 2006s have $5000 back.

    The sales tax rate in Houston is 6.25% and if I put no money down what would my payments be if I have excellent credit? Assuming the $50,000 sales price you say you want to negotiate to, the payments would be $702. This assumes you pay nothing down but you do pay upfront a $795 acquisition fee and the registration costs for the car. (You'll also be asked to pay the first month's rent up front.)

    Is it reasonable to think I can negotiate the price down to $50,000? If the MSRP is really $54,000, you should probably be able to negotiate down to about $51,500, in my opinion. Based on that your payments would go up to $746.

    Options added are the cashmere leather and the split folding rear seats Premium 1. If that's what you are adding, I don't see how you get a MSRP of $54,000. It's probably about $55,500, and therefore all of the above payment numbers would go up.
  • I found a 2006 equipped with all I want but Sport, retail $55,495, sale price $47,095, 15% off. I do not have a lease price yet and am curious where that should be for 27 months, with no cap reduction.

    I can easily find a 2007 with Sport, Pano, Sirius and Premium 1 with a discoount of appx $2-2,500.

    Which direction should I take? Where are the MF and Residuals for the 2006 vs the 2007?

    Any help appreciated.

    Thanks

    Franklin in NJ
  • Franklin,

    I was quoted 10 K off sticker on a 2006 E 350. The numbers quoted to me on a 39 month lease @ 12K per year were a money factor of .0045 (10.8 %) and a residual value of 54%.

    If anyone has more knowledge on the topic, I would appreciate any input. thanks~
  • I called a local dealer today here is what I got on a 27 month E350 lease with Premium package 1. Please let me know if this is good.

    Mileage: 12k a year
    27 month lease
    Fees: 795.00
    Taxes: 1575.30
    Payment: $639 a month

    Is this a good deal?
  • Pls let me know the retail and sell price of this car as well, all out of pocket costs (CAP REDUCTION $$?)

    Thx
  • lanewbielanewbie Posts: 25
    Read the posts in this topic from the past month or so. Those money factors and residuals are insanely high.
This discussion has been closed.