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Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
Seems reasonable as it supposedly lists for $750-800 from what I was told. Thanks for the suggestion.
MSRP - $55265
Sale Price - $47988
10 K / 33 months
- Scheduled Maintenance for 33 months covered
- First class lease protection
$1200 drive off -including first month and DMV / fees
Base payment - $577.15
With CA tax - $624.76
Let me know how I did. Didn't own any previous benz or other luxury car. Went through costco auto program
desgino graphite color
P2
high performance tires special order
illuminated door sills
appearance pkg
mbrace
distronic, lane keeping, blind spot
Lease term:
36months / 12k miles
MSRP: 72000
mf: .00225
residual value: 54%
making MSDs will save you money.
Don't believe me.....ask your dealer to run two cases....1) the deal you were given and 2) the same deal with 10 multiple security deposits. Add up the total cost of each lease...total money out, total money back at the end of the lease.
BTW...you will find that if you loan mercedes $5000, you will save more than $500 a year on your car....or, of course, you could leave that money in a bank and make less than $100 a year. Which one works better for you???
Are there any rebates on E350 right now?
My lease is ending at the end of Februrary. Historically, are MB february or march lease deals better?
Car_man
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It's difficult to say what Mercedes' March lease program will be like at this point.
Car_man
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Are there any rebates on e350 in addition to BMW customers rebates?
On mbusa.com specials are for 33 months. Is it possible/better in order to get lower monthly payments to do 36 or 39 months lease?
Other than owner loyalty cash, which probably cannot be combined with the conquest cash, I am not aware of any cash incentives that are available on this model.
Car_man
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Just for interest, ask your dealer to price out a 24 month lease on a bluetec using 10 multiple security deposts vs a gas e350 equipped with the same features on a 24 or 33 month lease. I think you'll be shocked at the difference in the lease costs....the bluetec may be much more interesting to you after that comparison.
Note: MSD's are not "money down"...they are a loan to mercedes to reduce the money factor and you get the money back. You can read about them in this forum...
I sure wish I had found this site and the information from you and others earlier. Here is the deal I worked up today, I hope I did good. (I pick it up Thursday and actually finalize the rates then so if there is someone to get a better rate please let me know. I already have them checking into the security deposits option mentioned earlier).
2012 E350 Cabriolet
Diamond White Metallic
Almond Mocha leather
Premium 2 Launch Pkg
Rear spoiler
Wood Trim Pkg
Appearance Pkg
mbrace
Burl Walnut wood trim
Black Soft Top
Driver Assistance Pkg
3 Yr Maintenance Pkg
Retail Price: $73,609.00 (MSRP $72,840.00 + $769 - 3 yr Maint)
Negotiated Savings: $ 7,336.00
Selling Price: $66,273.00
Fees: $ 903.50
Sales Tax: $ 4090.59
Net Sales Price: $71,267.09
(Note: Current USAA Special Pricing released yesterday is: -$2,750.00 under invoice)
Lease Will be:
36 Month / 10K Miles
$1325.67 at signing
$950.58 / month
*Note – I was going to put between $15K down which would be a payment of $526.02.
I think I will keep my money and go with a higher payment.
I was told the Money Factor was: .00207
The dealer mentioned you can get a ¼ of a percent off the rate if you go with automatic payment debits.
USAA seemed to save a lot. How does this look above?
A.
Can you post the MF and residuals for both the E350 BlueTec and 4Matic sedan at 10,000 miles/year for 33 months?
Thanks,
Richard
You have to look at the specific cars and all of the lease lengths to see which is the best deal. BTW, the best deal has been on the bluetec for 24 months....33 months actually cost more per month.
I encourage you to look at 24 mos, 33 mos and 36 mos and then work all of them thru....with and without MSD's to see what the best deal is for the car you want. Don't just guess which is best by eyeballing the money factor and residual values....and don't rely on the dealer to tell you which is the best...unless he can show it to you in comparison with the other lease lengths.
Car_man
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Car_man
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Mercedes-Benz is not providing any lease support on the E350 BlueTec right now. As a result, if you were to lease one through Mercedes-Benz Financial you would have to use its standard lease money factors. This car's residual value for a 33-month, 10k lease would be 70%.
Car_man
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So CarMan....what is the mercedes "standard mf" rate for tier 1 this month and what is the residual for the blutec for 24 months?
The 24-month, 15,000 mile per year residual value for the E350 BlueTec is 75%.
Car_man
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I am looking to lease a 2012 E350 Sedan or E350 Coupe, Could you please tell me the February buy rate and residuals for a 24, 30, 33, and 36 month lease @ 12k miles a year.
Thanks!
For the 33 month residual, does it go down by 2% for 12000 and another 2% for 15000.
Are the 36 month residuals only 52% for 36 month?
Are the 33 month residuals similar on the 550 sedan?
Thanks
2012 e350 p1, sport, spoiler, comfort box, split folding seats
Msrp 58,494
33 month
$2030 at sale including 1st month
$642/month Incl tax
Maintenance for 33 month included
15k miles
Look ok? Need advice ASAP! Thanks
The numbers for otherwise identical 30- and 36-month leases are .00157 / 63% and .00157 / 54%.
If this car is eligible for Mercedes' "Value Added" program, and I suspect that it is, you can use its 30-month terms for a 33-month lease.
The 24-, 30-, and 36-month numbers for the 2012 E350 Coupe are .00162 / 69%, .00162 / 63% and .00162 / 59%.
Car_man
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The 36-month, 15,000 mile per year residual value for a 2012 E350 Sedan 4Matic is indeed only 52%.
I don't know if the E550 Sedan is eligible for the Value Added program, that enables consumers to lease for 33-months using the 30-month terms. I suspect that it is not. The 30-month, 15k residual for a 2012 E550 Sedan is 58%.
Car_man
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Results:
The gas car leased for 33 months: your monthly payment will be $755
The Diesel car leased for 24 months: your monthly payment will be $665
The real total cost of the lease (including all payments including the $500 end of lease fee and remembering that you get the ~$7500 MSD cost back) is:
Gas: $809/mo (putting $5K down only drops this to $801/mo)
Diesel $740/mo (loaning mercedes ~$7500 (10 MSD's) which you get back)
BTW, the real total cost per month should be the only number you care about in a lease.
I did this excercise because I have been advocating considering leasing a bluetec on a 24 month lease and I also advocate using MSD's. This case illustrates why.....it's cheaper
I am trying to do a european delivery on a e350. I am getting quoted the following
33 month 15000 lease 61% residual and MF 0.259.
That money factor seems high from what Ive read on previous posts. I asked about multiple security deposits and was told that this residual was a special and hence cannot be combined with MSD. I dont believe this to be true, can you comment on this.
Thx
My guess is that the dealer is blowing smoke and figures they can make a few extra dollars....go to, or just call, another dealer and see what they say.
The reason I am very suspicious is that they aren't telling you what the deal would be WITH multiple security deposits. OK, if this actually is some special residual, what would the residual be with MSD's and how does the lease compare.
I feel pretty safe with my blowing smoke, or perhaps smoking something hunch..
Using a sample car msrp 60000, discount $3000, leased from your local dealer with MSD's (15K miles 33mo lease) and 10 MSD's would cost you about $725/mo. Using the same car, same terms and discount but your dealer's "special" numbers and no MSD's, your car would cost about $850/mo. Not sure what the discount is on european delivery, but you should compare the two leases and my guess is that finding a car in the US to lease will save you money.
I think the discount on ED will be 7% off MSRP plus maybe another 2%. The more I think if it, if I order through the dealer and put money down I will be stuck with their terms. Can probably negotiate a better lease if i just leased it locally.
Mileage was fine with my old job with a short commute. I now have a new job and have to do a 120 mile round trip commute 2-3 times a week. This is obviously untenable with my lease.
What would you do in this situation? I'm only vaguely familiar with lease buy outs. Have also thought of buying a cheap commuter car.
Would appreciate your thoughts.
You might get a better deal if you explain the situation and lease an e350 Blutec which is an outstanding car. Let the dealer figure out the options for you.
Car_man
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buy price 52000 money factor .00225
24 month lease : payment $568 residual $45072
36 month $680 residual $36982
both includes NJ taxes of 7 %
something special only for Feb. Is this a good deal ?
thoughts of how I can use MSD to make this a better deal.
I was thinking of doing a trade in is that a good idea?
appreciate your advise.
You should take the maximum number of MSD's (10) which will require you to "loan" Mercedes roughly $6000 (depending on how your dealer calculates it). That will reduce your MF to .00155 which will result in a monthly saving of about $65. If you kept that $6000 in a CD, it would earn less than $120 in the two years. Using it for MSD's, you will save about $1600. That's a great deal!!!!
You should also price the lease with and without mercedes (must be mercedes) basic maintenance included. Some dealers allow you to residualize it like any other feature....so you would only pay about 75% of the total cost. That's another terrific deal. If your dealer doesn't do it this way and you have to pay the total MSRP over the 24 months, then it's up to you...no reason to take it or not.
Good Luck...it's a great car (I drive a 2011 e350 BlueTec P2 and there are really almost no changes for the 2012)
I was hoping to keep the car after the lease but the residual looks high any way I can negotiate it down ?
will it make sense to do a trade in this case ? can I use the trade in for the MSD ?
Your trade is completely independent of your lease deal...no matter what the dealer tries to tell you. Tell them you want cash for the trade in because you don't want to use it for "money down" (and you really don't want to put money down up front on a lease). This will, of course, confuse them....but they'll live with it. If they offer you $5000 as a "money down" for your trade, just ask them for a check for that amount. Then use that cash to pay the multiple security deposits.
If your dealer understands multiple security deposits (and based on my experience, that's about 5% of the dealers), they will understand what you are doing. If they don't understand MSD's they will be very confused by the entire transaction...wondering why you are doing this strange thing which no one else does.
I am looking to buy ASAP!
Thanks in advance