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MF & Residuals for 2021 E350 RWD
temriki
Member Posts: 12
I am about to lease a 2021 E350 RWD sedan with a MSRP of $75,280 inclusive of delivery charge. The dealer will not quote me a MF but has told me the residual after 36 months is $36,080. This is a 48% residual based on the MSRP. Comparable 2021 E350's listed on the MBUSA web site for current deals - 9Jan2021 - show residuals of 58%. Something is not right about the residual I'm quoted. There is nothing unique about my car unless the air suspension and the designo Macchiato Beige/Saddle Brown Nappa Leather interior & Lunar Blue Metallic paint make this car worth so much less in 3 years. Plus the other E350 with the 58% residual is based on 10k miles/year & my lease would be for 7500mile/year.
Would very much appreciate any advice.
Thanks
James
Would very much appreciate any advice.
Thanks
James
0
Comments
.00098 MF
$500 incentive
58% residual
But, Mercedes recently started using MRMs for many models. Any unit that has an MSRP that exceeds the MRM will have the residual reduced by 3%. Current MRM for this model is $65,600
The dealer seems to be subtracting 3% from the MRM residual (55% of $65600), which doesn't seem to make much sense. This just started a couple months ago, so they may be doing it wrong. Either you use the MRM residual, or you subtract 3% from the MSRP residual. They shouldn't be doing both.
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If my dealer is taking subtracting 3% from the MRM residual he should be offering 53% not 48%. I don't understand your last sentence about subtracting 3% from the MSRP residual. please explain.
My understanding is that the MRM for sedans with an MSRP less than $65,600 the Residual is 58% on a 3 yr 7500m/yr lease. So for my $75280 MSRP the residual should be 53%. your thoughts.
James
The residual you gave is exactly 55% of the MRM.
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Thanks
James
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Thanks
James
$500 dealer incentive
With 10 MSDs, .00034 MF
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Thanks
James
58% - 3% for exceeding MRM
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Thanks
It's always rounded up.
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