Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Mercedes-Benz E-Class Lease Questions

1102103104105106108»

Comments

  • kyfdxkyfdx Posts: 28,004

    Yes.. .you should be able to substitute any other bank account.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • pukimon311pukimon311 North CarolinaPosts: 8

    kyfdx or carman... Our local dealer is having a Winter Event special with $4K toward a 2014 E350. What is the MF and RV for E350 luxury trim? Term: 27 months (10K and 12K) and 30 months or 33 months (10K and 12K).

  • ghstudioghstudio Posts: 931
    edited December 2013

    That deal has been running all month! MF is .00148 (.00138 if you use autopay), residual is 69% for 10k, 68% for 12k and 66% for 15k for 27 mos.

  • pukimon311pukimon311 North CarolinaPosts: 8

    Dealer won't give me MF 0.00148, told me he has to make 1.5 point profit. So here's what he offered instead...

    MSRP = $62350 Cap Cost = $55350 plus acquisition fee $795 (per dealer acquisition must be capitalized) Residual = 69% Term = 27 months MF = It started off at 0.00198, then negotiated down to get monthly payment of $641 with auto pay discount No down, cash due = 1st month lease + $472 (fees) + $19.23 (3% sales tax) = $1132.23

    Options E350 Luxury trim, black Premium 1 package Comfort box Parktronic Lighting package Keyless Go package Lane Tracking package Split folding rear seats Wood/leather steering wheel

    What do you all think? I'm thinking of getting prepaid maintenance added too because on my previous E350, I paid almost $800 on scheduled maintenance.

  • ghstudioghstudio Posts: 931
    edited December 2013

    Lousy deal. Find another dealer. Some dealers mark up the 795 to $1095 which mb is ok with...but the MF is the MF. You should be getting around $10k off if dealer has car in stock.....that's invoice price less the $4000 mb dealer cash this month.

    For reference, I am paying $590 a month for 12k miles 27 mo lease and that includes maintenance and 7% tax on a 63200 msrp car and that doesn't include the maintenance....I paid $840 when we signed including first month rent and nuisance fees and registration fee. You're being asked to pay $50 a month more for a less expensive car with less miles and you don't have maintenance included. This was in sw Florida and I leased earlier this month with autopay.

    If you have time...not sure the $4000 will continue into January...find another dealer or tell your dealer you want somewhere around $570 including tax with no extra money up front ... including maintenance and let him figure out how to play with the numbers. Hang in there...my bet is that they will lease you the car for that price after they say no way...just sit by your phone and wait for the counter offer....and refuse it. Hang in there for a reasonable deal at around $575 ( I haven't actually run your numbers so 575 is a bit of a guess...perhaps even a little high).

    Good luck.

  • ghstudioghstudio Posts: 931

    I had a chance to run your numbers through my home lease calculator...and surprise, the dealer actually used .00138 to figure the lease...irrespective of what he said. The fundamental problem I see is that he isn't giving you enough of a discount on the car. Many of us have gotten invoice + 4000 off...which in your case would be 9k. Add in dealer admin fee (around 700?) and the capitalized cost would be about 54K....but yours is $1500 more....or $55+ a month more in payments.

    If I add in the maintenance, I think $560-$575 is the right place to be including your local 3% tax.

    good luck...hope I helped more than confused...

  • pukimon311pukimon311 North CarolinaPosts: 8

    ghstudio - Thank you for the tips! Very, very helpful info.

    Our GLK350 has 6 lease payments to go and we are thinking of upgrading to ML350 gas or Bluetec so I'd better switch to the M Class forum for tips too ;-) I think we may wind up getting two new vehicles next week, if the numbers are on our favor ;-)

  • kyfdx or carman... what is the RV and MF for a E350 Coupe Term: 27 (15k) Term: 30 (15k) Term: 33 (15k)

  • @cane11 said: kyfdx or carman... what is the RV and MF for a E350 Coupe Term: 27 (15k) Term: 30 (15k) Term: 33 (15k)

    Any details on this? Sorry i'm trying to close a deal before month end

  • kyfdxkyfdx Posts: 28,004
    edited December 2013

    @cane11 said: kyfdx or carman... what is the RV and MF for a E350 Coupe Term: 27 (15k) Term: 30 (15k) Term: 33 (15k)

    2014 E350 Coupe 30mo, 15K/yr lease .00146 MF and 61% residual

    I don't have the 27 month and 33 month residuals, but when those are offered, it is usually the same as the 24 mo and 30 month residuals, respectively... those are 67% and (the aforementioned) 61%, respectively...

    regards, kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi Carman! I am looking at leasing an E350 or E250. E350 I think is the better deal, as I see MF is .00138 if I use autopay and residual is 66% for 15k miles for 27 Mos. I think E250 is higher right? Also, if I wanted to lease for 20k miles a year, am I better of doing that up front or wait until the end? Thanks and Happy New Year!

  • kyfdxkyfdx Posts: 28,004

    The E350 residual is a couple of points lower, but the lower money factor will more than make up for that, unless they are discounting the E250 a lot more..

    I'm not sure of the answer on your extra mileage.. It's likely to be cheaper upfront, but if you buy more than you need, that advantage can disappear pretty quickly.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • nurstnurst Posts: 1

    Carman/kyfdx..

    Kindly let me know if I did well on my lease deal with dealer in Atl: Leased my car in Dec 13. 27 month lease, 12k miles per year,

    I put 2 k down and turned in my 3 year old e class as its lease was over.

    2014 E 350 Class Sedan Sport Msrp : 69k Selling price : 57,387k Ga sales tax : 3837 Gross cap cost : 62318.91 Cap cost reduction : 660 Adjusted cap cost : 61658.91 Residual value : 46920

    Monthly payment includes tax = 750$

  • Kirstie_HKirstie_H Posts: 10,850

    Please continue in our 2014 Mercedes-Benz E-Class Lease Questions discussion.

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

This discussion has been closed.