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Mercedes-Benz E-Class Lease Questions
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Please don't be cross. I appreciate your help.
They are offering at this dealership to pay up to 5 months of any lease payments due on your current vehicle -- I owe about $2,500. total. So I think they may be adding it into the deal to recover the money. Also, they claim to need a higher down pmt. because my credit is not stellar (600 beacon score).
Any help would be greatly appreciated. This is my first time negotiating a Benz and now I'm second guessing myself on my decision to say no. They say the "special expires today." Please help! Thanks
Thankyou
Thanks..
I'm looking for June lease rates for a E350 Sport Sedan.
Thanks
24 Month – Residual 59% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00220 Base Rate
48 Month – Residual 43% of MSRP – .00220 Base Rate
60 Month – Residual 35% of MSRP – .00280 Base Rate
2010 Mercedes E350 Sport 4MATIC Sedan
24 Month – Residual 59% of MSRP – .00280 Base Rate
36 Month – Residual 54% of MSRP – .00220 Base Rate
48 Month – Residual 43% of MSRP – .00220 Base Rate
60 Month – Residual 35% of MSRP – .00280 Base Rate
Of coarse the 39 month special using 36 month residual and money factor was extended till August so no reason not to do 39 months lease over 36 month lease. As by spreading out the depreciation by those extra 3 months lowers your lease payment by almost $100 a month which is more than what the cost of your registration for the 4th year would be.
We paid the broker who set this up $500 which is included in the $2,700. We just drove over to the dealer, my bro signed the papers and in 30 min we were out of there. They threw in a 1 year Embrace membership.
I think getting a deal like this is possible through direct negotiations (no broker), if you are excellent at it.
MSRP:$59,075
Sale Price: $50,639, with fleet discount, and $3500 total out of pocket. This includes $266 for a new plate, since my plate was up for renewal.
Payment is $674.00 per month with Michigan Tax 6%
Term: 39 months
Miles: 10,000 per month
Money Factor: 0.00259
Residual: 59
Invoice with options $51, 747 ($875 destination included)
Price Negotiated : $52,389
10k/yr
36 months
0 down
Residual 58% (from what I was told by dealer)
MF .00280
$983/month
How does the deal sound?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 E550 4Matic Sedan with 12,000 miles per year are .00220 and 53%, respectively for consumers who qualify for its top credit tier. I believe that Mercedes allows these terms to be used for 39 month leases as well through its Value Added program.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The bank and document fee vary by state, in some states dealers are not allowed to mark up either fee where as in other states dealers are free to mark up both by any amount they want. The true acquisition fee charged by MBF is $795 but you will be hard pressed to find any dealer charging $795 in most states. I know in Los Angeles all dealer quote a $1095 acquisition fee. Document fee for example in Ca is capped at $50 and most dealer charge $50 and again it will be super hard to find any dealer charging less than $50 for that fee as well.
Currently unless you can afford to buy the cabs cash in my opinion, it is not worth owning them as leasing makes no sense. You can lease an SL550 for the about the same monthly lease payment as E550 currently. The current interest rate offered via MBF is 6.9% for 36 months which is not hard to beat at all. MBUSA is basically saying they want to get paid cash for these cars and have no interest to lease or finance them which is why the rates are a joke.
The current lease programs on the Cabs are as follows:
2011 Mercedes E350 Cab
24 Month – Residual 60% of MSRP – .00395 Base Rate
36 Month – Residual 55% of MSRP – .00395 Base Rate
48 Month – Residual 46% of MSRP – .00395 Base Rate
60 Month – Residual 38% of MSRP – .00395 Base Rate
2011 Mercedes E550 Cab
24 Month – Residual 58% of MSRP – .00395 Base Rate
36 Month – Residual 53% of MSRP – .00395 Base Rate
48 Month – Residual 44% of MSRP – .00395 Base Rate
60 Month – Residual 36% of MSRP – .00395 Base Rate
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr and 4% for 7.5k mi/yr on all terms.
Residual = 56.99953%
MF = .00174
Can any one confirm?
More than likely the payment will not change much excluding special which they might discontinue. Worse case if they discontinue all the current factory to dealer incentives that could impact your monthly payment by about $200 per month assuming you qualified for the current $2k factory money for returning MBF customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Its current 36-month, 10,000 mile per year residual value is 58%.
Mercedes charges a $795 acquisition fee on leases. The doc fee is between you and the dealer. Some dealers charge minuscule doc fees while others try to charge doc fees of hundreds of dollars.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
MB Financial's current 36 month, 10,000 mile per year residual value for the '11 E550 Sedan is 58%.
If you provide me with the full MSRP and the approximate selling price, or at least the MSRP and invoice price, of the exact car that you are interested in I would be happy to work up a sample lease payment on it for you.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
E350
black/black
10,000 year
prem pkg. 1
39 months
total drive off $1,900 and monthly is $639.97, taxes included!
On top of that I have 7 months left on my MB lease with them, I know they forgive 5 months of payments and they factored in my last 2 payments of (643.00x2). I know there is a $2,000 loyalty for current MB clients. I am trying to get them to add chrome wheels and/or change the color of the car to steel grey, but they have informed me that they are only profiting about $208 on the deal...any thoughts or comments would be appreciated asap. Thanks.
PLEASE HELP!!!
Can you please pass along the name of the dealership and name of person that you got this deal from? Would love to speak to them. Did you lease the sedan or the coupe?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
On that note, I am actually working with a dealership in Florida for a 2010 e350 coupe with 20100 miles on it. It is certified, has no P1 or P2 package and the current going rate is $45,582. Would you guys say that this is a fair deal? Should it be lower, and what would you say would be a good OTD price / monthly payment option?
Thanks in advance for all your help!
What was the residual and money factor used?
What did the $3500 entail that you put down?
Is the metallic paint the paint that costs extra or the standard one?
I knew people on here were telling it like it was. There were too many people who were posting info that was drastically different from what I was told. Would you mind sending me the dealers info??
Thanks again!
10,000 miles/yr
39 month lease
$799 month (tax included)
$2800 initial payment including everything (first month, title, doc etc.)
The MSRP on everything is $64.015. I get the car for $56,000
The options are:
Black on Black MB tex
Premium 1 and 2 packeges
Amg 18'' Wheel Package including sport steering wheel.
Chrome door handles
Rear Deck Spoiler
Parktronic with Parking Guidance
Panorama Sunroof
Drive Dynamic Multicontour Driver Seat
Rear Seat Entertainment Sytem
I just want to know if im getting a good deal and if i should pull the trigger. This is my first time leasing at mercedes benz. Thank you in advance.
Please help. I was quoted a 2010 E550, MSRP 63175, 39 month lesae, 15000 miles/year, $2000 drive off, for $943.xx (taxes 9.25% included in Southern California). I think the dealer told me that he is giving me the car for $58175. Is this a fair deal or can I do better? My lease is up on my bmw this week and I have to make a decision in the next few days. Your help is greatly appreciated.
Thanks
That wasn't my deal. Someone responded to my post. They included the info you wanted in another reply though.
I am going to the dealership tomorrow to talk numbers. I am interested in leasing an E350 coupe, P1 package, 12K miles, 36-42 months. Can someone PLEASE tell me the current money factor and residual? Also, what bottom line price should I look for as far as cost? I know its not the MSRP, so what is a good number? I have printed out the "what people are paying" with Edmunds. Is that the number to go with? Please help! I am leasing on my own so I need all the help I can get....
MSRP 58,295
Neg cap cost 52,500(thank you costco)
3250 down
689+ tax 39 month lease
probobly could have done a bit better, what u guys think?
ask for coscto fleet salesman his name is MOE(very nice guy)
tell him Evan the pharmacist refered you
and dont take his first offer neg a bit :-)