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Need help with prices for 2016 E350 Lease

newbie2leasenewbie2lease Member Posts: 4
edited August 2015 in Mercedes-Benz
Hi All
Thank you for putting up such a great site for helping with lease questions.

I am a newbie to the lease paradigm. I am looking to lease 2016 E350 with reasonably loaded. Here is what I am being offered, I would like your opinion if this is a good deal or not.

MSRP: $60,470
36 months lease, 12K miles
$2500 down
$566 + tax

Includes maintenance for 1st year.

Is this a good deal. I am located in San Ramon, CA
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  • kyfdxkyfdx Moderator Posts: 265,351
    newbie2lease said:

    Hi All
    Thank you for putting up such a great site for helping with lease questions.

    I am a newbie to the lease paradigm. I am looking to lease 2016 E350 with reasonably loaded. Here is what I am being offered, I would like your opinion if this is a good deal or not.

    MSRP: $60,470
    36 months lease, 12K miles
    $2500 down
    $566 + tax

    Includes maintenance for 1st year.

    Is this a good deal. I am located in San Ramon, CA

    .00080 MF and 58% residual.

    To evaluate a lease deal, you need to know the selling price and CAP cost. (and, verify the MF the dealer is using).

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  • newbie2leasenewbie2lease Member Posts: 4
    Thank you for your reply. I was told that residual value is $35072. They didn't mention the selling price of the car. The offer letter only mentioned the MSRP.
  • MichaellMichaell Moderator Posts: 262,047
    newbie2lease said:

    Thank you for your reply. I was told that residual value is $35072. They didn't mention the selling price of the car. The offer letter only mentioned the MSRP.

    Not good that they are hiding the selling price from you .. too much opportunity for them to manipulate the numbers in their favor.

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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • newbie2leasenewbie2lease Member Posts: 4
    Thanks. Here is another offer that I am getting.

    MSRP - $65,545 (including all the options)
    Sale Price - $55,985

    How much should I be expecting to make lease payments (36 months, 12k) . I believe MF should be around .0008 and residual value will be around 56%.
  • kyfdxkyfdx Moderator Posts: 265,351
    newbie2lease said:

    Thanks. Here is another offer that I am getting.

    MSRP - $65,545 (including all the options)
    Sale Price - $55,985

    How much should I be expecting to make lease payments (36 months, 12k) . I believe MF should be around .0008 and residual value will be around 56%.

    As mentioned above, it's .00080 MF and 58% residual for 36mo, 12K/yr

    If all other costs are paid upfront, then the payment would be $574/mo.+tax

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • newbie2leasenewbie2lease Member Posts: 4
    Thanks for your help. Appreciate it,
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