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Mercedes-Benz E-Class Lease Questions
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Comments
I'm in the So. Cal area and looking for a basic black e350 with Nav and P1
for 24 months or 36 months with 12k miles and zero drive off.
Can anyone share the details of their deal for a similarly equipped vehicle.
I'm reading too many variations in peoples payments to make sense.
thanks for the help
My lease is coming to an end---but before the 2014 models are out. I have just asked above for the MF and RV on E350 sedan and coupe but I have read on the internet that the E350 models are being changed. Do you know anything about this? I don't want to lease a new 2013 and 6 months later have the 2014 models released which are not only supposed to have feature changes but according to internet body changes as well. This is one reason I was going to look at only a 24 month lease---plus Mercedes has for my last few leases always let me out of lease 5 months early if leasing a new vehicle.
Thanks, MSC
Read: http://www.caranddriver.com/news/2014-mercedes-benz-e-class-rendered-news
Black/black
Navi
Panoramic roof
$3000 drive off (includes first pmt, DMV, taxes)
$563 per month plus tax
24 months
10 k miles per year
E350 Sport
with P1 Package
$444 a month (x24) Includes 6% FL sales tax and ($795 bank fee)
With P2 Also $500 (x24)
I think the P2 is a little high considering the extras involved. He did not suggest the maint package which would be only about $320 or so over the 24 months.
Any thoughts on this one. Also I personally avoid all cap cost leases because they stink with no customer benefit. A One pay on MB according to whan I have been quoted can save $60 a month or more.
One more thing, not that it matters to me I think he said the car cost basis on the P1 was about 51K. That number usually doesnt matter much to me once I see the lease rates.
E350
P1 and P2 Package
Wood Steering Wheel
Sport with spolier and 18 inch wheels
10K miles-24 Months
Fold Down Seats
Lane Assist
Black on Black
Car approx cost ($61,000)
One Pay lease (Includes tax 6% and Bank Fee) 11,400.00 out the door.
I will advise if this deal happened or not. You really never know as I have not dealt with this person before.
I posted the other day a P1 car for 444.00 x 24) This is a car that was offered to me today.
1) They are a monopoly. Almost all dealerships are under the same ownership.
2) NO ONE. I mean NO ONE in the state of Florida will acknowledge the drop in money factor from MSDs. Last year I called every dealership in the state and not one would concede.
3) They all add on 300 to the acquisition fee and all charge a Doc Fee (read: [non-permissible content removed]). Of all the dealerships, I got the best "deal" from Naples. Ended up with a BMW 535 because they were offering real deals on better cars.
4) No one will talk figures with you. They don't want to talk residuals, invoice, or money factors. They talk monthly payments only. They don't bargain at all because in the end there are enough people in south florida with more money than brains.
If its a car with the standard rate then there are tier 1,2,3, and 4 levels. No such thing as a preferred tier 2 rate
I happened to stumble upon my local mercedes dealer, looking to buy a new sedan. I frankly told them i wanted 10% off msrp....plus the 4k winter event cash. They basically told me not possible, etc. etc........but a few days later, they called saying if i took this one car they had on the lot for a bit, they would honor the deal. It ended up being the color i wanted anyway! You will have 10 dealers laugh at you, tell you its impossible, but trust me it can be done. here are my #'s. i did a ONE TIME pay, so i can get a (.0008 reduction in MF....went from .00121 to .00041)
2013 Palladium silver/black interior. 4matic. sport p1.
msrp 61,945
selling price $51750
mf. .00041(one time pay)
residual (72%)
10k miles
24month lease.
WITH 2yr maintenance....I wrote them a check for $9,125. The dealership incorrectly stated the residual as 73%, while negiotating...and realized their mistake...but ate the cost.
I bought this car in the midwest(michigan)....this dealer wont replicate the deal, but I know their TRUEprice(hassle free pricing), was only 2k higher than I paid, so i'm quite positive you can get a car for just barely above what I paid. Dealer is part of Sonic auto group. Had a great sales person.
1. Is residual value based on list price or negotiated price. I got a deal for E350 with MSRP of 60.5K, but negotiated price of 52.87K. I was told by sales guy that residual value of 61% of negotiated price but when they gave me final paper work, they are putting residual value of 36.9, which is 61% of full list price. Are they taking me for a ride or this is norm.
2. With 6.5 K of total initial payments (that includes 4K cap reduction), I need to pay 3 years monthly payment of 531 with tax. This is in northern ca, is it a decent price.
You wouldn't want it any other way.... A lower residual means a higher payment...
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I am about 2 mins away from the largest BMW dealership in South FLA and the largest Lexus dealer. Both are top dealerships in the US. I have never been able to get any decent price out of either one in the past. The BMW salesperson told me point blank that they move a ton of product and really dont sharpen the pencil. You would think in a weaker economy there certainly are less prime or good credit buyers looking for a car than a few yrs ago. Doesnt seem to be the case here.
Congrats.
Rob
E350 Sport
With P1/P2
10K miles
24 months
Lane Tracking
My car broker is at 475 including tax. Its frankly amazing. The dealer quotes me 782 on a 1 pay. Imagine a month to lease on that one. What would it be? $850 a month?
Rob
1. Never pay a cap cost. (EVER!)
2. Mercedes Multiple Security Deposits will save you money (5 MSDs max)
3. One pay also saves although most people who lease dont think about that. On a MB the savings is great.-this is aomewhat unique to MB
4. MSDs and One pay are not cap cost reductions. Those are for suckers.
5. Read the posts here. Go back a bit. I wish more people would post their final costs. It seems that many discuss the car but some dont come back and post if/when they get the car what happened.
Rob
Rob
MSRP 60,645 (P1 package)
Residual 71%
Money factor .00111
bank fee 795
NJ sales 818.89
Car price $51,936 + 900 (my old lease pay off)
$550 a month
would you mind emailing me your options and I had few more question I would like ask you.
I too am in NJ, would you mind sharing the dealers information? Thanks.
- can you with blocking your personal information share a copy of contract, I just don't trust these dealers.... they are known for bait and switch... if your are not comfortable no worries.
Could you share in detail each cost? Thanks.
Just in case this below deal falls apart, that the guy say he will do it for
MSRP: 60.935
Invoice: 56.975
Selling price: 51.478
24month, 12k miles
539 per month incl. taxes for a car with a higher value
760 up-front (incl. 1st payment + registration)
msrp 60,200
24 mos 12k miles
resid 42,738
mf .00121
2500 out of pocket which is usual fees and 1st month
selling price 55,231
689 mo incl nj sales tax
They are also taking in my e convertible where i have 5 payments left.
i think i can do better , but any suggestions?
What are the 24- and 30-month residual and MF on the e350 wagon? 12k/yr.
Thanks!
Thanks for your email, just emailed you...
- Double006
Rob
2013E350, P1, metallic paint, lane tracking, keyless go. Wheel package (18"wheels), wheel locks, comfort box.
MSRP: $59315.
24 month lease 10k miles. $468/ month. Tax &1st month payment upfront. No acquisition fee. No doc fee.
Think it's a decent deal?
Robert
Not a 1 pay. Month to Month. I took your advice and went through a broker
Instead of a dealer. The dealer is above 7 for the same car.
rob
You stated you are in Vegas, have you tried dealerships/ brokers in CA?
There are tons of brokers in CA, just google it. You need to be careful which broker you pick. Nothing is solid unless you get the car.
On another note try mercedez dez on this forum. He is a dealer in CA, his prices look decent.
"24-month is 65%; 30 mth - 63%; 36 mth - 61%.
This is based on a 2013 E350 Wagon, 12,000 miles per year."
Thanks for the info. How do the brokers get paid...do they charge you a one-time fee or is it some kind of percentage deal? Maybe it depends on the broker.
I just contacted Dez in CA to see what he can do, the dealers in Vegas are awful and there is little competition.
The purpose of the broker is to get you a car, without you setting a foot in dealership, when you go to dealerships and look at the shiny floors and free cappuccinos and expressos, who do you think is paying for that?
The broker I use does not charge customer anything and all the transaction was done over the phone, email and fax. After everything was done he Fedex the papers to a local notary, who came to my place to get the documents signed and he FedEx the docs back. The broker arranged for the car to be dropped off at my house. He got the car from a dealer who is 300 miles from where i am, so i had to pay for transportation.
Thank you in advance to anyone who can help me
Car_man
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