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Mercedes-Benz E-Class Lease Questions
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Comments
Went in today to look at the E350 (sport/p1/ipod). Haven't done any pricing research and got a qoute from the dealer ; 27mo lease 7,500mi/yr(don't drive much) $699month about $1300down. Like I said I haven't done the research yet but I know these numbers don't sound good.
I just leased and actually got $5,000 rebate which they consider money down on the lease. So yes you can definately get 4k with the employee pricing. They also took 8.7% or $5,039 off the msrp. Adjusted cap cost was $47,221 on a $57,260 msrp. You can probably do better than this if you get the true employee price.
$728 a month
$1042.84 due at signing (first month and tags and title)
Taxes and Bank fee in monthly payments
E350 4Matic
27 Months/12K Miles a year
w/
-Premium 1 Package
-I-pod Kit
-Wood Wheel
-Deisgno Burl
-Sports Package (Free)
-Metallic Paint
I need some help here, dealer said only $2K in rebates can be applied to car, but i'v read people applying 4 or 5k rebates, is it 2, 4 or 5k?
$52373.00 was the cap cost for this car before taxes and bank fee
$54862.16 after both added .. do you think i can get it lower?
Im trying to get it somewhere between 47-49K to get payments about $550-575, i also want to add the panorama roof but that is up in the air.
After contacting a dozen dealers up and down California I was unable to get a single dealer to give me employee pricing.
I happen to just walk into a dealership near my home and asked the sales manager if he would give me employee pricing. I told him about the pricing that i was looking for, and he worked out a deal on the P02 Package E350 for $430 plus tax a month which made the payments $470 a month for 27 months with 10,000 miles per year.
I gotta say I am definitely enjoying the car!!!
The sales manager did tell me that the employee pricing codes were given to dealers, in this case this dealership only had three, and he gave me the last code because the lady that had used the code suddenly backed out the night before. This employee code promotion expired on 7/15/08, so he had to backdate my contract to 7/14/08 to do the deal.
Once again I just wanted to thank everybody on this forum for helping me make this purchase. Congrats to all the other mercedes E class owners!!!
For the sake of convenience I stopped by a dealer who is 2 miles from my house and told him the deal I was receiving. He said that he would match the deal and assured me that he can get me the same car without a problem. He wrote up the deal and took a deposit. He strung me along for a week and then told me he couldn't get the car and all the 08 stock was gone. The lease program ended on 7/31 and I have no car. Do I have any recourse?
Thanks,
John
Hope you get your deposit back in a reasonable amount of time.
You have a written deal that they cannot fulfill without taking a loss. They are trying to get out of it by telling you they can't honor it. Push as hard as it takes. They can arrange for a vehicle by swapping with other dealers and/or doing other kinds of tricks. Threaten to pull them before small courts or BBB or anything and everything you can do.
On the other hand, getting into a bad relationship with your dealer also means headache later on during regular service intervals etc.... even then, considering this is a lease, I'd say, go with all guns blazing, you have a written contract in hand.
ksso
sorry for the delay in reply i was on vacation. i purchased the vehicle from mbz of pleasanton, but they assured me that they would not be offering this deal to anyone else and not refer anyone to them for this deal, thats just a heads up but good luck!
Lease = 33 months, 10k miles/yr, 0 down 729/mo + tax(based on local taxes)
Purchase = 72 months 817/mo 0 down
Isn't this whole situation horrible? Buying a new car should be a pleasant experience. Behavior like this is what gives car salesmen a bad name.
I called MB Corporate and they are looking into the matter although they told me that it's really a dealer issue.
I agree that it is a dealer issue but if MB allows it's dealers to operate this way doesn't it tarnish the brand?
I'll keep you updated. Thanks again!
John
$0.02
My E class (leased in July prior to expiration of MVP program) stickered at close to $58K and my payment was around $400/month. Best lease rate I have seen for a car this expensive.
Z
Thanks again,
John
With no haggling this is the offer:
Cost: 57,825
Selling: 53,625
cash: 2000
12,000mi for 36mo.
$790 mo
What should I do?
MSRP: $56,505
Selling Price $49,000
$7,505 off msrp
not sure yet on purchase or lease. but I think the % off looks good. any thoughts...
Don't worry about what other said about the price that you should shoot for. It is all internet b.s. The key is that price are local.. Someone may get a great deal in LA with 8-10 dealership within 1 hour driving. But if you are in a small town with only one dealer, there is no way you can match the price that someone can get in LA. So when someone tell you that you can do better, unless they live in the same town as you, it is meaningless. Just shop around you local area and get the best price you can. Once you have the lowest price within your area, you can check experience of others in LA and decide if flying to LA and buy a car is worthwhile for you or not..
33 month lease at $2000 down , 535.00 a month (after taxes) , 10000 miles/year ..
any advice is appreciated . thank :confuse: s
2009 Mercedes Benz E350W.
E350W Black/Cashmere MB Tex, Standard Lthr Str Wheel/Shift Knob, 321 Sport Pkg,
Glass Sunroof., Black Birdseye Maple Wood Trim.
MSRP $52,775
Your price $43,800
The lease numbers look like this: 36 Months, 7500 miles per year, $2179 Total Drive Off's
w/a payment of $533 plus tax = $577 Inc Tax.
MF .00110 Residual 52%
Purchase option at lease end is $33,000 which seems high. Dealer has an identical certified pre-owned on his lot for $32,000 with 25,000 less miles!
I heard MB doesn't negotiate residual which doesn't sound like good business sense to me if they can't sell it even close to the residual.
Any ideas?
Lou
2009 E350
MSRP $56,195.00
36 Months/12K
$2,800 out of pocket
$699.00 payment
Thanks
MSRP $57245
Neg price $47013
MF0.0011
15K miles/year
36 mths
Residual ?48%
$715 inc tax + $3000 drive off
Also took last two payments of my CLK total $1300
MB of Encino, CA
Hope that helps.
>MSRP $57245
>Neg price $47013
>MF0.0011
>15K miles/year
>36 mths
>Residual ?48%
$715 inc tax + $3000 drive off
Also took last two payments of my CLK total $1300
Isn't the negotiated price much less than the invoice price? Is that true for 2009 models also?
Ravi
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Do you know of any special May promotions for leases on the E350? I'm also interested in the current money factor and residual on a 7500 mile/year lease with 36 months.
Thanks for all of your help!
John
MSRP $58,275
Gross Cap Cost $53,315 (includes Doc fee of $220 and Acquisition fee of $995)
Cap Cost reduction: $1,016.85 paid by me as part of $2,000 down payment
4 year lease $652.31 plus RI sales tax [not property tax which is separate] of $45.66
total monthly $697.97
3 year lease including same state tax = $797.
Adj residual on 4 year lease $23,310
7500 miles per year
Money factor/Rate = .00064
Briandc, they are totally taking advantage of you, do not walk, RUN AWAY from it. Currently there is a $6000 rebate on the car alone, and dealers were given another $4000 per car as a fleet sales promotion. So you should get a discount of 6k alone on rebates...here in chicago, i was offered RIGHT off the bat, 10k on the car. This car is being replaced within weeks, with a new model, for them to offer only 5k off the msrp is a slap on the face, they are totally trying to take advantage of you. Id start with 14k off, and maybe go up to 12k off at the minimum you would take. I hope others will chime in with there experience, but please dont get taken advantage of like that. The Aquisition Fee, is $795 from MB financial, they are also overcharging you there as well. Overall, they are overcharging you in every aspect. :mad:
I was offered finally, $12.5k off on car they had on the lot, but i went with p1 4matic, sport. It was for a lease, keep in mind, this was TWO months ago. You should be able to do much better, The car is only getting older, and new model days away. If they dont even come close to 12k off, walk away......deal with someone else. I mean most dealers are trying to get rid of them, but it seems, this particular dealer still wants to take advantage of you. Read the posts on previous pages, to see what kind of lease deals others are getting, and you'll see 10k off seems to be a minimum. dont cave, hold out for the best offer!