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Mercedes-Benz E-Class Lease Questions
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Comments
Out of pocket does include 1st month payment.... actual payment went up a bit to $765 (was $747) because of equipment (now $59,075 from $58,235)
Thanks
what dealer is that?
i just came back from Ray Catena MB in Edison NJ and I wasn't happy with the rates
2010 E350 Coupe - $52,875
black/black
premium 1 package
862.67 x 36 months/12K miles a year
$5,122.33 due at signing
or with the NY tax into the monthly payment
957.18 x 36 months/12K miles a year
$2,460.61 due at signing.
in both cases, its a bad deal, so i'm curious to know your dealer bknyc
is there any way you can email me the contact information of your dealer? that is the best deal that i have heard offered anywhere. thanks, my email is bishoiaziz@aol.com.
I would like to know what you think about this offer. Car is priced at 68.1K. Base cap cost of the car is 63,777. 36 months lease, 5K out of the pocket, 6.25 sales tax, 15miles/year dealer's payment comes out to 1026. When i do my calculations i get payment of 955 using money factor .00259, $795 lease fee, 36months with residual 53%. Please let me know if i am doing something wrong with my calculations. Dealer is promissing to me that they are using same money factor and residual as i do. Thank you and your help is greatly appreciated.
2009 E350 Wagon - New
MSRP 65.8k
Reduced 13.k
Sale price 52.8k
Early lease term on a 27 month lease at 15 months - full buyout of the remaining lease payments of 9.6k (5 month loyalty, no car return fee and USAA money + some dealer cash) so I walk away owing no money.
Have to buy - lease terms not great - need to use MB finance rate of 6.9
Can i do better?
What do you think about this deal?
In NYC
2009 E350 Wagon - New
MSRP 65.8k
Reduced 13.k
Sale price 52.8k
Early lease term on a 27 month lease at 15 months - full buyout of the remaining lease payments of 9.6k (5 month loyalty, no car return fee and USAA money + some dealer cash) so I walk away owing no money.
Have to buy - lease terms not great - need to use MB finance rate of 6.9
Can i do better?
Thanks for your time.
According to my calculations, if you were to lease a 2010 E550 4Matic that has an MSRP of $68,100 and a selling price of $63,777 through Mercedes-Benz Financial right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $1,028. I used a money factor and residual value of 0.00259 and 53% to arrive at this payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The $13,000 discount that you were quoted is probably equivalent to around $3,000 over dealer invoice. If I was in the market for this car, I personally would want another Grand or two knocked off of its selling price. Having said that, your early lease termination complicates things. If you can get out of your current lease a year early and get this car for three grand over invoice then you're probably getting a decent deal.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can any1 tell me if the lease I just got is okay.
2010 E-350 SEDAN
P1 & AMG SPORT PCKG
39 MOS, 12,000K
2800 OUT OF POCKET, ALREADY INCLUDED ALL FEES & FIRST MONTH
$749.00 PER MONTH TAX INCLUDED
RESIDUAL: $31,347.00
On my end, I think this is very competitive, at least from the rates that I am seeing. Most are around $750-$800 when you do no cap cost reduction. Inception fee sounds about $800 too high since dealer acquisition fees are around $800, tax and title around $450 and first month at $750 that you are quoted. Do you know what accounts for the extra $800.
Do you know the MSRP and selling price? What was the MF they used?
Good luck! CarMan, what do you think? Do others have any similar offers to share?
I have ordered an E350 4matic, P1 through a local dealer after negotiating a selling price of around 53K
No Lease rates were quoted because they said that these will change by the time car gets here around mid-October 2010 which seemed logical.
I am confused as to whether I should wait and start the lease in November 2010 or just start in mid October. The dealer wants me to start as soon as the car gets here as he feels the payments may go up??
Can you please help guide me here? What do I need to watch out for here?
Thanks
No Lease rates were quoted because they said that these will change by the time car gets here around mid-October 2010 which seemed logical.
I am confused as to whether I should wait and start the lease in November 2010 or just start in mid October. The dealer wants me to start as soon as the car gets here as he feels the payments may go up??
Can you please help guide me here? What do I need to watch out for here?
How would I know what the rates and residuals are? What would be the current payments for this car with a sale price of 53K
Any help would be appreciated!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I personally don't see any reason to stretch things out and wait until November to lease. It's possible the Nov. program could be better and it's possible that it could be worse. I don't think anyone knows for certain what will happen at this point.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Good luck.
Here is what the dealer came up with.....Does this sound reasonable to you?
52900K 2010 E350W4 39 months 12000 miles per year is $817.37 incl. tax
He did not give me any RV or money factor. He did quote a finance rate of 3.99%
I would appreciate your help, as I know they can mark up the price for a profit.
last time i spoke with my guy - he said it will be around $750...
.Here is more information as well as a price quote on 2010 MB E-350.
E350W $48,600
775 Iridium Silver $720
101 Black MB-Tex
***** STANDARD ACCESSORIES *****
K15 Factory Code - Maintenance Interval
K22 software Control for lowbeam lamps
R02 All Season Tires
U10 Weight Sensing System - WSS
U12 Floormats
1U2 Snow screen for AC
232 Garage Door Opener
236 Daytime Running Lights
249 Autodimming Mirrors
264 License Plate Holder
265 Delete Elegance Badging
275 Power Dr.Seat & Steering Col. w/ Memory
279 Electronic Drive Position Selection
291 Pelvic Airbag
294 Knee Bag
301 Ashtray
309 Cup Holders
359 Tele Aid
414 Glass Sunroof
427 7-Speed Automatic Transmission
428 Steering Wheel Gearshift Paddles
461 English Inscriptions
475 Tire-Pressure Monitoring System
494 Emission Equipment
524 Paint Protection
543 Double Sun Visors
551 Anti-Theft Alarm System
580 Dual-Zone Climate Control
634 First Aid Kit
636 Collective Code
668 Sea Packing & Dispatch
690 Spare Wheel (Mini)
763 Remote Key w/Panic Button
800 2010 Registration Year
875 Heated Washer System
887 Lockable Safe Box
919 Cooling Amplifier
986 VIN# Code
989 Vin Code
***** OPTIONAL ACCESSORIES *****
P01 P01 Premium Package: COMAND with 40GB Ha $3,950
049 : iPod/MP3 Media Interface Cable
218 : Rear View Camera
512 : COMAND w/Navigation and Voice Control
518 : iPod/MP3 Media Interface
536 : SIRIUS Satellite Radio
540 : Power Rear-Window Sunshade
810 : harman/kardon Sound System w/Dolby 5.1
873 : Heated Front Seats
R08 R08 Wheel Package: 18" AMG Twin 6-Spoke $750
277 : Sport Steering Wheel
786 : 18" AMG 6-twin-spoke wheel
293 Rear Side Airbags
321 321 Sport Package: 18" 5-Spoke Wheels in
V04 : Tire Rating
51U : Black Roof Liner/ W212
677 : Sport Suspension
772 : Sport Bodystyling
951 : Appearance Code
954 : Avant Garde Package (Sport)
731 Burl Walnut Wood Trim
917 PZEV-Emission, USA
SUBTOTAL $54,020
DESTINATION & DELIVERY $875
TOTAL $54,895
Lease price is $ 51.000.Term is 39 months @10k per year.
Drive off is $2500.00
Monthly base is $708.40.00
Monthly tax is $65.53 base on 9.25%
Monthly payment is $773.93.00
financial in October, for a 39 month 7500 mile per year lease. would appreciate
a prompt answer
OK, let's take a look at the deal that you were quoted. There is probably a spread of around $3,700 between this car's full MSRP and dealer invoice price. The selling price that you were quoted appears to be right around dealer invoice, which is an excellent deal.
Just make sure that the dealer that you are working with uses MB's current buy rate lease money factor of .00270 to calculate your car's payment and you're in business.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2010 E350 Sedan (Rear wheel drive only) (black exterior / black leather interior with ash (like marble) inserts)
P2 package
panaramic sunroof
18" wheels
------------------
sticker price for the car is about $57k
i traded in my 2006 scion xb with 37k miles on it.they gave me 8k for the car..
so it was my:
Scion XB = $8000
CASH = $3500
-------------------------
Total down = $11,500
monthly payments on the car (39 month lease, 12k miles per year) =$580/month.
Just to see how much i would be spending on the ride in total after the end of 3 years, i played with the numbers--
$11.5k down + ($580 x 38months) = $33540 total to lease the car.
Does this sound like I got an OK deal guys? This is the first ever lease I've gotten. I usually buy my cars outright with cash so this felt a little odd for me....
anyway, let me know... thanks and i wish everyone luck on their car search!!
the total cost of the e350 came out to roughly 56k. you're right about negotiating the price first - i did not do that. i was more worried about them giving me a good price on my car. the bmw dealer was giving me 6k for my scion but benz wound up giving me 8k. the rest is cash.
why is it not a good idea to put down a lot in cash? i figure if i can afford it up front, it'll bring down the monthly payments considerably. i was looking forward to paying ~$800/month on the e350......
i ran the numbers so on my car with a sticker of 56k, leasing would come out to about 32-33k total - that's down payment + $580/month for 38 months...
does this info help? did i get a good deal? thanks for the heads up.
they did roll the 8k (from the car i traded in) into the lease. on top of that 8k, i am putting down $3500 in cash.
that brings the monthly payment down to $580/month for 38 months on a 2010 e350 sedan, p2 options package, 18" wheels, panaramic sunroof.
question - all costs for a lease should be what % of the cars sale price? is 50% a good number to shoot for?
i just did the math and it looks like, to lease the car for 38 months, i will be paying about 60% of the MRSP.
that is, on my 56k car, my trade in + down payment + 580/month for 38 months comes out to about $34,000 which is roughly 61% of the car's price.
man, i feel uneasy... that seems like a high number to me.....
You may want to check out the Nissan Maxima lease forum .. there is a sad tale of a poster who had this exact situation happen to him.
You got the car already, so try to enjoy it. I'm sure it's better the Scion....
$11K down....wow.... ))
2WD coupe,while sedan is only 60%,for 39 months 7500 miles. Could
you clarify?
Is getting a 39 month Tire and Rim insurance for $475.00 with tax worth it for the new E class??
What do you guys think?
insurance already paid off. Don't think twice.