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Mercedes-Benz E-Class Lease Questions
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Comments
To analyse this deal accurately, can u pls share more info with this forum such as:
MF, residual, term, miles and agreed to price, msrp with the options you selected. What is your monthly payment w/ & w/o taxes?
What did u put as down pmt ..and how much went to cap cost reduction ?
Thanks
Mark
With a ONE PAY Lease- $456.00 per month (not sure if this includes taxes)
E350BTC $52,200
040 Black
101 Black MB-Tex
DSL Ultralow-sulfur fuel required. Biodiesel
P01 P01 Premium 1 Package: COMAND® System wi $4,000
137 Comfort Box $290
321 321 Sport Package: 17" Wheels, Lowered S
731 Burl Walnut Wood Trim
810 harman/kardon LOGIG7 Surround Sound Syst
873 Heated Front Seats
SUBTOTAL $56,490
DESTINATION & DELIVERY $905
TOTAL $57,395
Same car should be available in gas at the same cost. I will ask about the maintenance package. For me having a 24 month gives a ton of flexibility and no costs for new tires.
If your one pay lease is $10944 with no other payments other than termination, registration fees and taxes, I think that's a great deal...assuming 73%, 12K/yr and 24 mo lease numbers posted here are correct.
Thanks in advance!
Also, what are the curent residuals and money factor for an E350, 24 and 36 month, 12,000 miles? My salesperson quoted 71%, 60% and .00191. That seems high.
Thanks...
I was quoted 66% and .00121 for a 10K 36 month lease - We'll have to wait for car_man for the "real" numbers, but I think your dealer is definitely padding your money factor.
I also have the same question about the $4K dealer cash. The dealer I had talked to, said that there is a $1.5K incentive on the E Class - I did not know about the $4K at the time so I did not push back. If invoice minus $4K is realistic, I would definitely go for a Mercedes.
I hope we can get some feedback from car_man and/or any other members of this forum....
The dealer applied the $4,000 credit to the MSRP and dropped another $2,000. We're $6,000 under MSRP and probably about $2,500 under invoice. How are other dealers handling the $4,000? Decisions, decisions.
can you please post the November 2012 lease rates and residuals for MB E350 coupe and Sedan, and what incentives are available in terms of pricing. I am looking to lease an E350, thank you
I'm considering a Mercedes lease and need to learn more of this stuff. Thanks.
If the $48300 is your out the door price it is over 16% off msrp and a good deal in my view. I was able to get about 15.5% off for almost the same car and had the dealer throw in the 3yr maintenance - you may want to try that also.
I would also double-check that the dealer is not building back end profit in the lease. Mercedes Benz money factor for this month is .00121 and 71% residual for 12k miles.
If this all checks out, I'd say this is a nice deal.
I'm looking at an E350 Luxury, P1 and some miscellaneous options. MSRP $59,285. No need to get into the numbers but the dealer's initial offer was $6,000 off MSRP. (That was $4,000 off for the Winter Event cash and $2,000 from the dealer.)
They came up with a 24/12k lease at $638. That's a .00191 MF, by the way. Residual is $71%. Add tax and it is $687.
We have a way to go...
The money factor you were quoted is higher than the MF for top tier credit of .00121 for this month.
thank you
Robert
Carman, a special thanks to you for taking the trouble to share your expert feedback.
Quick question, I am going car shopping this BLACK FRIDAY 2012 for a MB E350 4Matic COUPE, what should I look for in terms of residual value? money factor? invoice price? and monthly payment? Any Black Friday Promo? for below:
IN MY HAND is a FLEET CERTIFICATE $2,500 OFF negotiated Invoice price & expecting $599 gift card from MB for Hurricane SANDY effected clients.
12K/36months with Maintenance PackageE350 4Matic Coupe
Premium 1 Package
Rear Spoiler
Lane Tracking
Appearance
Wood Trim
Tinted Windows
Premium Leather
MSRP 61,495
Thanks.
- Double006
Robert
Sounds like a great deal, may I ask where did you get this deal, I too am in the market to pick up a e350 4matic?
I like coupe but at these prices I am open to sedan.
Thanks.
- Double006
Sounds like a great deal, may I ask where did you get this deal, I too am in the market to pick up a e350 4matic?
I like coupe but at these prices I am open to sedan.
Thanks.
- Double006
Robert
They're offering $6,000 off MSRP. That doesn't seem like much considering MB as has a $4,000 dealer cash promotion going on. Am I right? Thanks
When negotiating a lease, always ask the dealer for their LEASE WORKSHEET which will tell you everything you need to know and more.
John
TheAutoLeaseGeek
That is "incorrect!" Tier 1 credit score is 750+. Over 700 is considered good credit, however over 750 is considered excellent credit.
Most financial arms of automobile manufacturers are flexible with tier 1 credit - like BMW, Mercedes Benz, Toyota, financial services. But banks are not as flexible, especially on leases. When I was in the business, US Bank leased quite a bit, but was strict in that a credit score had to be 750 to qualify for one of their leases - which were quite good.
I hope that answers your question.
2021 Genesis G90
They are also using a .00191 MF rather than the .00121 which I understand is MB Financial buy rate. Under normal cuircumstances, how should a FICO of 800 v 700 affect the MF?
"Under normal cuircumstances, how should a FICO of 800 v 700 affect the MF?"
I don't know MBFS underwriting criteria. Different fund providers view FICO scores differently. Top tier rates usually require FICO score above 720 but there is no industry-wide baseline FICO score.
John
It was an amazing deal. Are you in S California? The coupes do not have great deals right now. The E and C's are the ones this month. Also, tried to get my friend one in wht/blk and the stock is so limited I am working her a deal on a $59185 E 350 and getting $484 a month w/ $750 down 24 months 12k. If you are in Southern California I can work you an awesome deal. Such an amazing feeling to just see what deal I can get, LOL!
Thanks
Did you ever do you deal? I am looking hard at it now. However, I am dealing with a sales who really doesn't want to do deals similar to those on this board. I am not sure what board you wanted me to send you a PM at.
My location is east coast & I for sure would need 4matic.......
Currently leasing a Eclass and want something more fun, but looks like I would have to revert back to Eclass.
Thanks