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Hi Guys, Leased an E350 in Feb 2014. Please share any experiences or comments about my lease/MF rate: 3 years/12,000 miles for 2014 E350 Final Capitalized Price: $53,100 includes Acquisition Fee[$795] and maintenance for 3 years, plus Premium 1 Package, Lane tracking, Rear Deck Spoiler, Comfort Box, 3 Spoke Sport Steering Wheel, Keyless-Go Hands Free Access, 18" AMG Wheels, Lane Tracking Pkg: Blind Spot, Freight Charges.
Paid $2500 Down. Monthly Lease Payment is $704. My Credit score is above 810, the dealership states that since I am considered Tier1, I am getting the best interest rate 3.95 APR. However, In the lease papers, I noticed that they have applied the MF rate of 0.00265 and according to them, this MF rate is pretty much fixed and non-negotiable as it is set by Mercedes Leasing/Financial services and they have no control over it. I believed them and leased the car. Now to confirm the effective APR they used, I multiplied this MF rate of 0.00265x2400 and it arrived to an APR of 6.36% and not 3.95% that I was initially promised?? :( I have already leased the car. Reviews posted on Edmunds forums and MB Forums for e350 show the MF rate is actually lower than what I was offered and could have been negotiated?? Any opinions here friends? I am confused here, as the 3.95% APR that I was shown initially does not match up with the MF rate in the final lease papers. I had specifically asked the dealer about this MF Rate before signing the lease and the dealership states that this is fixed by MB Leasing company and that I can call up Mercedes Leasing directly and ask them about the Money Factor, But they simply cannot lower them. I have already leased the car now. I would appreciate any inputs in this. Cheers!!
Hi there- I'm new to this forum but we are looking at leasing a 2014 IS250. I am in Texas. See below terms from the dealer.. I have tier 1 plus credit. What do you think? We aren't sure if we should put money towards a down payment, MSD's, etc? We are wanting a payment b/w $400-450. 12000 miles/year. Any advice is much appreciated.
The Money Factor for both 27 and 36 months will be .00080
The residuals are 72% of msrp for 27 and 64% of msrp for 36 months
Is250 MSRP $38,623 price $34,300
Is250 fsport msrp $41,403 price $36,800January 29