Lease Is this a good deal 2016 Mercedes E350

twinsmom6

New here- Looking to see if you think this is a good deal- NJ

E350W4 4dr Sdn Sport 4Matic

TOTAL $65,755 (Selling Price $55,300)

36 months/15K miles

$615 month + $2230.15 down (1st month payment + Acqusition Fee $795, Fees/Insurance $588.50, Upfront Taxes (7% NJ) $228.70)

**Trying to get oil changes included

IS this a good deal?? If not what is fair for this?

ALSO IF we decided to buy it is $55,300 a good deal - or what would you try to get it for?

kyfdx

twinsmom6 said:

New here- Looking to see if you think this is a good deal- NJ

E350W4 4dr Sdn Sport 4Matic

TOTAL $65,755 (Selling Price $55,300)

36 months/15K miles

$615 month + $2230.15 down (1st month payment + Acqusition Fee $795, Fees/Insurance $588.50, Upfront Taxes (7% NJ) $228.70)

**Trying to get oil changes included

IS this a good deal?? If not what is fair for this?

ALSO IF we decided to buy it is $55,300 a good deal - or what would you try to get it for?

.00077 MF and 56% residual.

At those numbers, I get $584/mo., but there has to be some more tax rolled into the payment, because $228.70 is not enough to cover all the tax, is it? (trade-in credit?).

$10,400 off a new 2016 is amazing. I would certainly lease at that price, rather than buy. But, still show you about $30/mo. off their quote.

waynem3

Here is what I'm being offered '16 e350 sport 4matic lease. How does this deal sound? Any advice? Thanks! 

With 58% Residual which is $38,352.50 at 12,000 miles

Money Factor used is .00078

down payment of $1600 (includes destination, doc fee and 1st mo. Payment) 

$550/mo for 36 month (including 7% Indiana tax) 36 mo./12k/yr on '16 E350 4matic sport (with p01 premium, 997 driver Asst, and 18' AMG wheels & sport  packages) with msrp of $66,000. Adjusted Cap Cost is $53,950."

kyfdx

waynem3 said:

Here is what I'm being offered '16 e350 sport 4matic lease. How does this deal sound? Any advice? Thanks! 

With 58% Residual which is $38,352.50 at 12,000 miles

Money Factor used is .00078

down payment of $1600 (includes destination, doc fee and 1st mo. Payment) 

$550/mo for 36 month (including 7% Indiana tax) 36 mo./12k/yr on '16 E350 4matic sport (with p01 premium, 997 driver Asst, and 18' AMG wheels & sport  packages) with msrp of $66,000. Adjusted Cap Cost is $53,950."

.00066 MF and 58% residual for 36mo, 12K/yr.

$507/mo.+tax using .00078, $496/mo.+tax using base MF.

Looks like a stellar deal, in any case.

waynem3

Thanks for the comments and information.
Another question...about what should the  payment be if I decide to go 24 months/10k miles for the same e350 4matic?
Thanks!

Michaell

waynem3 said:

Thanks for the comments and information.
Another question...about what should the  payment be if I decide to go 24 months/10k miles for the same e350 4matic?
Thanks!

Same MF but 65% residual for 24/10. Using your prices, I get $524/mo + tax for the base MF of .00066, $536/mo with the marked up MF of .00078

waynem3

Thanks...If I use Mercedes auto pay and 6 extra security deposits what would the payment change to?  Thanks for all of your advice and comments!

Michaell

waynem3 said:

Thanks...If I use Mercedes auto pay and 6 extra security deposits what would the payment change to?  Thanks for all of your advice and comments!

Not 100% certain that MSD will be allowed on a subvented MF ... it might, it might not.

Autopay reduces the MF by .00010 ... $515/mo + tax on base MF, $526/mo + tax on increased MF.