Good Lease pricing?

neils808neils808 Member Posts: 5
edited September 2015 in Mercedes-Benz
List price $58,635 discounted down to $53,521
Down payment of $3,750 including first month payment
$629/mo
59% Residual value
Premium package
excludes tax - live in NC

Comments

  • neils808neils808 Member Posts: 5
    10K / yr miles
  • kyfdxkyfdx Moderator Posts: 267,222
    @neils808 Which E-Class model? What lease term?

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  • neils808neils808 Member Posts: 5
    36 months, E-350 Sport, MF .0012
  • MichaellMichaell Moderator Posts: 263,482
    neils808 said:

    36 months, E-350 Sport, MF .0012

    2015 or 2016?

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  • neils808neils808 Member Posts: 5
    2016
  • MichaellMichaell Moderator Posts: 263,482
    neils808 said:

    List price $58,635 discounted down to $53,521
    Down payment of $3,750 including first month payment
    $629/mo
    59% Residual value
    Premium package
    excludes tax - live in NC

    neils808 said:

    10K / yr miles

    neils808 said:

    36 months, E-350 Sport, MF .0012

    neils808 said:

    2016

    Lease numbers are .00080 and 59% for 36/10; dealer is marking up the MF for extra profit.

    What is the full breakdown of the $3750?

    Using your MSRP and selling price, I get a pre-tax payment of $596.

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  • neils808neils808 Member Posts: 5
    I will double check but my understanding is Down payment and 1st month's lease payment
  • MichaellMichaell Moderator Posts: 263,482
    neils808 said:

    I will double check but my understanding is Down payment and 1st month's lease payment

    We don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.

    Could also include bank fee, dealer fee, license and tags.

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