Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Mercedes-Benz E-Class Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
My title says it all...I am clueless on how the leasing process works. I live in Texas and would like to lease an E350 coupe with the P1 package, 12 or 15K miles per year. I have NO idea where to start. The residual, money factor, maintenance plan, etc all look like greek to me. Would anyone mind breaking the process down for me? What should I expect to pay in regard to a note? Which time frame is better 36 or 48 months? I went to the dealership and of course they quoted me a $1000/month note. I'm clueless, but not THAT clueless!
Please help!
TIA
capitalized costs 44,576.00
msrp 49,475.00
residual 58%
money factor 0.0028
term 39 39
f=b*c) residual 28,695.50
g=(a-f)/e) depreciation / month 407.19
h=d*(a+f)) financing cost / month 205.1602
i=g+h) Total Monthly Payment 612.35
I am considering leasing an 2010 ES350 2010 AWD Luxury 4MATIC 4dr Sedan AWD (in Northeast) with the following options:
Parktronic
Premium Package 2
Wood wheel
MSRP: $59,855
Invoice (from Edmunds): $55,727
Negotiated (sort of) Price: $55,227
Residual is $33,500 (56%)
Term is 39 Months
MF is .00259
15K Miles/yr
Dealer is asking for 4K down and quoting a monthly price of $805/month which amount includes tax (9% sales tax). For 3K down the monthly price quoted is $835/month.
Don't believe I'm eligible for owner loyalty (this would be my 1st MB) or fleet discount, but please advise on whether this is completely out of bounds. Seems like other posts have better numbers, but any help would be greatly appreciated as I will be moving fast on some vehicle...
for E350 AWD, P1, non metallic, wood steering wheel... could have done better in NYC but i was happy..
In short, to me the best way to get a good deal on a leased vehicle is to comparison shop for the lowest possible selling price for the car that you want and then have the dealer use its buy rate lease money factor to calculate your payment.
Check out the articles and let us know if you have any other questions.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
If you like the car, I personally don't see any reason not to pull the trigger on this deal. The only thing that I would change is to reduce the amount of money that you are paying at lease signing. I always advise consumers to put as little money down as possible on leases. Consumers who make large down payments when leasing risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Any cash incentives coming? Any change in the lease MF or RV?
Also, I remember a few years back on a 51 month lease MB was allowing an extension of 3 months to 51 with the same residual as the 48 months lease, is that option still available?
One last question, I've seen the ambassador program mentioned in a couple of forums, any details on what that program offers or how to get the benefits? Thanks.
Hi- I'm just coming off of a C class lease and wanted to move up to the E350- at a reasonable lease.
Looking for
39 month
12k miles
What do the March numbers look like and what incentives are available. how much are they giving for dealer loyalty.
Finally, I've seen Mercedes dealer sites mention fleet rates for employees of certain companies- including the company I work for. Any idea what the discount is this and what is the requirement (simply employment?)
Thanks,
Frank
Im also in the market for a new E-Class, but dont like that MF. People who are getting these car at invoice are still paying a high price per month, just because of that MF. When they lower that money factor people should be able to lease a E-Class for low to Mid 6's.
Just closed on 2010 E350
P1
Wood Wheel
57280 MSRP
52000 negotiated price
Lease loyalty and fleet discount applied
4k drive off due for cap cost and first payment and fees
585 per month with taxes.
I think, hope, I did pretty well considering the money factor.
Beautiful car.
What dealer and state?
Just a reminder to see if you found out anything in regards to new deals on the E350 Coupe? Incentives, lease specials, M.F., etc. I have an E350 lease coming due at the end of April and I'm trying to decide whether or not to lease a new one or purchase the 07 I have now. The problem is my payment now is only $515 including tax, total drive-off was $2600 on a 33 month lease, msrp was $54,000. I don't want my payment to skyrocket so I'm I've been hammering a couple of dealerships for a deal very close to the one I have now...don't care what my lease term is though.
thanks!
Hope I'm asking you this question in the right place!
I'm a pretty clueless buyers, looking to lease my first Mercedes... I've always been screwed on my leasing payments from BMW in the past! Looking to get it right this time with an E350 coupe, black/black, with premium package.
My local dealership has offered me the following:
+ CAR TOTAL: $54,825
+ MY PRICE: $50,149
+ Lease for 36 months, 10,000 miles per year: Drive-off of $1,648.39.
+ Monthly Payment is $797.58 plus tax (I live in CA)-- total $875.25/month.
Is this a good deal? How do I figure out what a great deal is? Not sure what I need to be negotiating... any help or advice would be much appreciated!
I am not Car Man either, but I can tell you the deal you talked about is WAY too expensive and you can do easily $50 a month better. What city in CA do you live in? My coworker leaed a similar one in LA for a better price,
MBF is a total joke when it comes to E-Class Coupes, the Money Factor .00305 on 36 months which comes out to 7.32% comparable interest rate, MBF charged 5.9% up to 36 months on purchases while BOA charges 3.2% up to 60 months and Chase charges 3.5% up to 72 months.
On a E 350 coupe 36 month lease with 15k miles has 56% residual vs 39 month lease with 15k miles per year has 54% residual and both have a MF of .00305 vs on E 350 Sedan currently MBF offers the same 56% residual and MF of .00270 on both 36 and 39 month leases. Which allows the depreciation to be divided by 39 months over 36 months lowering your payment. That is not the case currently on coupes.
Like I said in my post above, currently it makes no sense to lease a Coupe at all considering the residual are so low and going to a 3rd party bank like BOA or Chase can reduce your interest payments by over 50% over what MBF currently charges you on a lease.
Lets assume car purchase price was $55k(sticker just make numbers easy) over 3 years the difference in 3.5% interest alone would be $5775. MBF is already discounting the car down to 56% of MSRP which means they claim the car will be worth $29700 by purchasing and getting a cheaper interest rate your break even point on that car would be $23925. If you buy the car and are able to sell it for more than $24k basically after 3 years then you were better off buying it over leasing it.
Also remember if you get a discount on a purchase price that directly effects your break even point as that will lower your break even point by the amount of the discount, If you get $5k off MSRP that reduces your break even point by $5k. Lets be honest chances are in 3 years you will be able to get more than $20k for this car and chances are closer to $30k. If you put down 10% and do a 60 or 72 month finance on purchase and are able to save $10k between interest and discount chances are you will be able to cash out with your down payment and some equity and your payment should be very close to what you would pay for a lease currently as the E-Class Coupe leases are basically a rip off right now.
Remember to get the loyalty $2k credit applied you just need to be a current MBF customer. Then their is the $2k fleet discount on top of that. And Sedan can be bought currently for around invoice. So basically you can get into an E Class Sedan for $4k below invoice fairly easy.
Then MBF currently offers both a lease special which allows you basically extend the lease by 3 month without effecting your residual or MF. So between getting basically a $9k cap reduction from the discounts available on the sedan and ability to have the depression divided by extra 3 months that effectively allows you to get your payment down to around $600 per month + tax for a loaded car pretty easy and depending on basic car down under $600 with tax even.
Then MBF also is offering 1.9% for 36 months on a purchase as well and remember you are buying a $55k car really for about $46k. If you are able to sell that car in 3 years for $30k then your effective cost even after interest costs would be $500 a month.
The million dollar question is what will the car really be worth in 3 years. In my opinion the risk/reward on the E-Class Sedan is not worth buying over leasing as your payment will be much higher per month and because of the specials, lower money factor and higher residual it really not worth it in my opinion.
Problem with the coupe is even for USAA members max discount you can get is $2k under invoice, so the real difference is $2k in the purchase price. Then because their is no lease special at all on the E Coupe your payments end up being around $800+ tax for a car worth the same amount as interest rate is 1% more than Sedan which equals over 3 years an extra $49 per month and dividing $24200 over 36 vs 39 effectively means you are paying an extra $84 per month and the loyalty discount of $2k basically adds $61 per month to the lease.
If you are able to buy the car for $2k below invoice as USAA member for example you are able to get a $55k E 350 coupe for $48000. Then you use BOA or Chase get 60/72 month payment, put down $5k(both require 10% down, remember that number could be higher based on taxes in your state as I added no taxes at all) required for that rate and your payment ends up being $789 per month for 60 months or $679 per month for 72 months.
Again my whole theory is based on the fact you are able to sell the car for $30k after 3 years. If you are able to get $30k after 3 years, you would own $19750 or so. Meaning you would get back $10250 back or an extra $5250 over your down payment effectively reducing your monthly payment by $150 per month or making it cost you about $640 per month.
Again if you are unable to sell the car for $30k after 3 years it will cost you more as you could be even be upside down on the financing or might not get your full down payment back either.
In my opinion on the Coupe the risk/reward is their because if MBF is correct on the residual then you are saving about $5k buying over leasing which is about 10% of the purchase price vs on the Sedan most the you will save if MBF is correct on the residual is about $1200. If MBF is off by $3k on the residual which is basically 5.5% of MSRP you were better off leasing the sedan over buying it vs on the coupe you are still ahead even if MBF is off by 5%.
I want to be very clear, I am not claiming the car will be worth $30k in 3 years, I am just agreeing with MBF residual as being fairly accurate if that is the case, then buying coupe over leasing seems to be a no brainer.
So unless that car has every option like Distronic Plus, Wood Steering wheel, Metallic Paint, Mbrace, Rear Side Airbags, and some expensive wheels. The dealership is trying to find a sucker as even the Costco buying club price is about $900 more than USAA price. Joining costco is not hard either, just walk in and pay $65 and then you are able to buy an E-Coupe for with P2 package for just over $50k.
Mercedes is currently providing $2,000 loyalty cash on this car to current Mercedes lessees.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Mercedes is not currently providing any cash incentives on this model.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I know in the few examples I have seen, the difference in the payments is about $65 per month and in most states your car registration for 3 year old car is less than $500. So you are till about $1800 a head doing a 39 month lease over the 36 month.
So personally I see no reason not to do 39 month lease special over the 36 on Sedans.
Note 39 month lease special is not available on the coupe at all currently.
Thanks,
Jeannine Fallon
Corporate Communications
Edmunds.com
MODERATOR /ADMINISTRATOR
Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
Share your vehicle reviews